12/21/21 Macau GGR down 3% in the third week of December Macau’s GGR for the third week of December was down 3 per cent week-on-week from MOP229m (US$28.5m) to MOP221m (US$27.5m).
12/20/21 Uncertainty surrounds Macau’s economic recovery in 2022 Lei Wai Nong has said the number of tourists in Macaus is increasing but uncertainties remain around the potential for an economic recovery after the Covid-19 pandemic.
12/20/21 Wynn Macau executive director confirms closure of all VIP rooms Linda Chen, executive director of Wynn Macau, said the company will end its cooperation agreements with junket operators before the end of the year.
12/20/21 Macau says junkets will still be allowed Lei Wai Nong has said that Macau’s legal framework allows for the relationship between gaming operators and junkets as long as everything is done according to the law.
12/16/21 Macau publishes plan for economic diversification Macau has released its Second Five-Year Plan for Economic and Social Development for the 2021-2025 period.
12/16/21 Macau handled only 52 gambling disorder cases this year Macau’s Social Welfare Bureau has confirmed the city’s lowest problem gambling rate in a decade with only 52 gambling disorder cases this year.
12/16/21 Legislators ask government to assist VIP room employees Three legislators have asked authorities to protect the labour rights of Macau residents who have been affected by the closure of VIP rooms.
12/15/21 Macau 11-month gaming tax revenue reaches US$3.89bn Macau’s tax revenue from the gaming industry was up 15.1 per cent year-on-year for January to November.
12/15/21 Macau casino stocks fall on concerns over increasing regulatory risk Macau casino stock prices declined after Fitch downgraded the ratings of Las Vegas Sands Corp, SJM Holdings and MGM Resorts International due to a possible increase in the oversight of gaming concessionaires.
12/14/21 Macau finance secretary speaks on VIP room shutdown Lei Wai Nong has spoken about the shutdown of VIP rooms in the city and how it will affect Macau’s economy.
12/14/21 Morgan Stanley lowers Macau GGR forecast for 2022 Morgan Stanley has lowered its predictions for Macau’s gross gaming revenue in 2022 due to travel restrictions and the upcoming changes to Macau’s gaming laws.
12/13/21 Macau GGR down 12% in second week of December Macau’s GGR for the second week of December was down 12 per cent week-on-week from MOP260m (US$32.4m) to MOP229m (US$28.5m).
12/13/21 Fitch downgrades ratings for three Macau casino operators The ratings of Las Vegas Sands Corp., SJM Holdings Ltd. and MGM Resorts International have been downgraded due to uncertainty surrounding the Covid-19 pandemic and a possible increase in the oversight of gaming concessionaires.
12/10/21 “Macao Week” attracts 1.9m visitors According to the Macau Government Tourism Office (MGTO), the Macao Week roadshow was attended by 1.9 million visitors and engaged 550 million viewers online.
