01/10/20 Fake Wynn Macau organisation, brought down The mainland police managed to break down an online fraud group that used the name Wynn Macau to run an investment scam.
01/10/20 Macau to set new tourism tax The Macau Government Tourism Office proposed a new tourism tax and conducted a study which shows popular support for it.
01/09/20 Macau casino segment to rise in 2020, Bernstein says Despite the slow start most say it will have, the Macau casino segment will see an improvement in 2020.
01/08/20 Macau GGR to be “roughly flat” in January According to Japanese brokerage Nomura, Macau GGR will most likely remain flat for the beginning of the current year, following the first trend.
01/07/20 Macau gaming could start slow due to pneumonia A pneumonia outbreak has hit Wuhan, in central China, which has the Macau gaming industry on alert of a potentially slow start.
01/06/20 Macau GRR fell 3.4 pct in 2019 According to the Gaming Inspection and Coordination Bureau, Macau GGR dropped 3.4% during 2019 as it reached €32.7 billion.
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.
