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Tag: macau news

Macau sets US$187k as guarantee amount for companies seeking to obtain or renew junket licences

Casino junket operators in Macau will be required to provide a guarantee of MOP 1.50 million (US$186,854) each to renew or obtain a license...

Macau: Covid-19 outbreak infects more than 50% casino staff, operations affected

As a result of a change in Macau’s Covid-19 prevention policy, allowing more tourists is having repercussions as the city is facing a major...

Macau GGR to exceed $22 billion by 2027, post-pandemic recovery process to be slow: Morgan Stanley

Macau casino Gross Gaming Revenue (GGR) is estimated to cross $22 billion by 2027, according to analysts at investment management and financial services company...

MGM Resorts International to loan Macau branch $2bn more

Bill Hornbuckle, the chief executive officer (CEO) of MGM Resorts International, revealed the casino operator would loan $2 billion more than the $750 million...

Macau: Casino operators release weekly spending estimates on non-gaming activities for next 10 years

The casino operators (concessionaires) of Macau, whose licenses were effectively renewed recently, have revealed the breakdown of the investment that they have planned to...

Macau: Government signs agreements with six casino licensees, operators to invest $15 billion over next 10 years

After receiving their 10-year licenses, the six Macau casino companies pledged on Friday to invest a combined 118.8 billion patacas ($15 billion), with the...

Macau: Legislative Assembly to vote on junket bill on December 15

The Legislative Assembly in Macau is anticipated to be presented with the new junket bill on December 15 for a final vote, following the...

Macau casinos required to have dedicated gaming zones for foreigners to avail tax break scheme

The Executive Council of Macau on Friday, announced that all the concessionaires will be required to set up dedicated gaming zones for foreign (non-Chinese)...