09/17/21 Reaction to Macau gaming laws changes exaggerated, analysts say Analysts say the fall in Macau casino operators’ stocks after the government suggested changes to the current city’s gaming laws was unwarranted.
09/17/21 Expectations rise for October Golden Week Macau now hopes October’s Golden Week will attract around 35,000 visitors a day.
09/16/21 Grand Lisboa Palace to open two more restaurants Grand Lisboa Palace has announced it will open two further restaurants on September 22 and September 30.
09/16/21 Macau: woman arrested for US$12m junket theft Police in Macau have arrested a woman that worked at a VIP casino venue for the heft of nearly MOP95.5m (US$11.9m) in deposits from over 70 clients.
09/16/21 Macau announces return of “Stay, Dine and See” initiative The Macao Government Tourism Office (MGTO) has announced that the “Stay, Dine and See Macau” will resume from September 18.
09/16/21 Paradise Co credit rating downgraded Paradise Co’s credit rating has been downgraded due to a slow recovery amid the Covid-19 pandemic.
09/16/21 Wakayama and Clairvest to present IR development plan by November The Wakayama Prefectural Government and its partner Clairvest Neem Ventures’ consortium have announced a timetable for a draft IR development plan.
09/15/21 Macau gaming stocks plummet after proposed new gaming laws Macau casino operators stocks have fallen heavily after the government suggested changes to the current city’s gaming laws amid a public consultation.
09/15/21 Macau casinos must add flashing clocks to slots by 2024 Authorities have announced that all Macau casinos must add flashing clocks to slot machines.
09/15/21 Macau likely to end sub-concessions system for casino operators Under the revision of the city’s gaming law, Macau wants to end the current sub-concession system and increase oversight of gaming concessionaires and junket operations.
09/15/21 China fines 10 people for cross border gambling activities China’s foreign exchange regulator has revealed that 10 people have been fined for currency trades related to cross border gambling activities totalling US$6.6m.
09/15/21 Yokohama’s IR withdrawal could negatively impact Genting Singapore Morgan Stanley Asia thinks Genting Singapore could have been negatively impacted by Yokohama’s decision not to move ahead with the development of an integrated resort.
09/14/21 Macau consultation on gaming law to open on September 15 Macau’s Gaming Inspection and Coordination Bureau has confirmed that a public consultation on gaming law will open on September 15.
09/14/21 Macau GGR up 6% in second week of September Macau’s GGR for the second week of September rose 6 per cent, with average daily revenue of MOP264m.
09/14/21 Macau gaming tax revenue reaches US$408m in August Macau’s government collected MOP3.27bn (US$408m) in tax revenue from the gaming industry in August.
