03/25/22 Macau 2-month gaming tax revenue reaches US$711.18m The Macau government collected nearly MOP5.73bn (US$711.18m) in fiscal revenues from direct taxes on gaming in the first two months of the year.
03/24/22 Macau Legend shares fall after announcement of results delay Macau Legend’s stock price fell more than 10 per cent after the company announced a delay in the release of its annual results, which could lead its stocks to be be suspended in Hong Kong.
03/24/22 Seven satellite casinos will stop operating by mid-year Casinos are likely to close due to the tightening of visa requirements, a lack of cash flow and the negative impact of the Covid-19 pandemic.
03/23/22 Macau gaming labour groups express concerns about satellite casinos Affiliates of the Macau Federation of Trade Unions expressed fears potential job losses if proposed changes for satellite casinos go ahead.
03/22/22 Macau Satellite casinos: three-year grace period could be extended The Legislative Assembly committee analysing the final draft of Macau’s gaming law amendment bill has hinted that satellite casinos could receive more than three years to resolve ownership issues.
03/17/22 Macau visitor arrivals down 5.6% in February Macau registered 655,505 visitor arrivals in February, down 5.6 per cent month-on-month but up 53.5 per cent when compared to 2021.
03/17/22 Macau casino EBITDA won’t normalise until at least H2 2023, analysts say Analysts at Morgan Stanley predict EBITDA from Macau’s casino industry will not materialise until the second half of 2023 or possibly 2024.
03/16/22 Macau will maintain commission rate for VIP junkets, legislator says Authorities say they’re not planning to adjust the commission rate for VIP junkets, which is currently capped at 1.25 per cent for rolling chip turnover.
