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Tag: macau news

Macau: Labour shortage forces casinos to close thousands of hotel rooms

Macau casinos have reportedly closed thousands of hotel rooms and reduced other facilities such as housekeeping in response to a labour crisis in the...

Macau: Casinos see 247 percent YoY jump in GGR in March 2023

The gross gaming revenue (GGR) brought in by casinos in Macau reached MOP 12.738 billion (US$1.58 billion), the highest record amount in a month...

Macau sees significant drop in gaming-related crimes

On Friday, Secretary for Security in Macau, Wong Sio Chak, revealed that the city's gaming-related crimes had dropped significantly compared to 2021. Chak considers...

Macau sees another increase in February gaming revenue compared to previous year

According to the most recent figures from the Macau city's gaming authority, Macau's gross gaming income was approximately MOP 10.32 billion (US$1.27 billion) last...

Macau gaming tax revenue falls to US$2.37 billion in 2022

In 2022, the government of Macau SAR collected about MOP19.1 billion, or US $2.37 billion, or about 55.9% of the amount it had anticipated...

Reintroduction of commission tax will lower junket profits further: Kwok Chi Chung

Kwok Chi Chung, the president of the Macau Association of Gaming and Entertainment Promoters (MAGEP), has stated the Macau government's decision to impose a...

Macau casinos revenue jumps 82.5% in January after visitor surge

The world's largest gambling centre, Macau, reported an 82.5% increase in gaming income year on year to 11.6 billion patacas ($1.4 billion) in January...

Macau to host G2E Asia in-person casino trade event this year for first time after 2019

Macau will be hosting the Global Gaming Expo (G2E) Asia casino trade event in-person this year. After the cancellation of the 2020–2022 events due...

Tourists swarm gambling hub Macau over Lunar New Year

Over the Chinese New Year weekend, the largest gaming hotspot in the world, Macau, saw tens of thousands of tourists pour into its casinos...

Macau’s Judiciary Police plans to collaborate with casinos to tackle illegal currency exchange activities

Macau's Judiciary Police are intending to collaborate with local casino security and surveillance units to tackle illegal currency exchange activities with a "tailored" approach....

Macau hands 18-year jail term to former Suncity head Alvin Chau

Alvin Chau, the former head of Macau’s junket operator Suncity, has been sentenced to 18 years in prison by a Special Administrative Region's (SAR)...

Macau casinos expect boost from surge of visitors during Chinese New Year

Macau is expecting an upsurge in the number of visitors during the Chinese New Year (CNY) holidays, which is believed to be a good...

Macau: Govt forecasts US$16bln for 2023 casino GGR

According to Macau's Chief Executive, Ho Iat Seng, the government continues to project that the SAR would generate approximately MOP 130 billion ($16.17 billion)...

Macau casino stocks gain in Monday trade after China removes Covid-19 induced entry restrictions

Macau's casino stocks are on the upswing after it lifted entry restrictions on Sunday, enabling testing-free travel between the Special Administrative Region (SAR) and...

Macau government removes entry restrictions for mainland China visitors

Macau is removing all travel restrictions as of January 8th and no longer requires people entering from Hong Kong, Taiwan, or mainland China to...

Macau GGR falls by 51% in 2022, casinos see worst year since 2004

As a result of China's rigorous Zero-Covid policy, Macau's casinos reported 2022 as their worst year since 2004. However, a recent easing of pandemic...