12/17/19 Fitch downgrades Macau’s rating The agency Fitch has downgraded Macau’s rating from “Stable” to “Negative” due to issues with mainland China.
12/11/19 Macau casinos to experience annual revenue decline Gaming revenue from Macau casinos is likely to decline around 3% this year, as the US-China trade war has influenced operations.
12/03/19 Macau to reveal concession details in April The incoming Secretary for Economy and Finance in Macau said the government will disclose further details on the casino concession process next April.
12/02/19 Macau GGR, down in November The DICJ showed Macau GGR for November reached €2.58 billion, down 8.5% year-on-year.
11/27/19 Macau favours SJM and MGM China The Macau government will ignore a clause in SJM and MGM China’s contracts that forces them to hand over casinos and equipment next March.
11/25/19 VIP volumes slow down in Macau The fourth quarter of the year is showing a slow down in VIP volumes in Macau, which is on its way to record a poor financial period.
11/22/19 Gaming in Macau produces 50 pct of its GDP The gaming industry in Macau continues to be a key factor of its economic development and produced 50.5% of its gross domestic product (GDP).
11/20/19 Macau approves 2020 budget The budget for 2020 was approved and the Special Gambling Tax is expected to be 74.5% of the total revenues in Macau.
11/13/19 Macau VIP gambling decreases According to experts, Macau VIP gambling volume fell 30-32% in the first 10 days of November, in comparison with the same period in 2018.
