Location: Macau
No sign of eVisa boost as Morgan Stanley revises down Macau estimates for 2023 and 2024
Mainland China resumed the issuance of eVisas to Macau from 1 November, but three weeks in there is no sign of any increase in visitor... more
Macau’s GDP plummets by 33% in 3Q22
Macau’s Gross Domestic Product plummeted by 33.4% year-on-year in the three months to 30 September 2022 as the city’s COVID wave and... more
Alvin Chau trial adjourned until 29 November after prosecution amends multiple charges
The trial of former Suncity Group CEO Alvin Chau has been adjourned until 29 November after the prosecution filed a new charge sheet with... more
Alvin Chau defense outlined after prosecution witnesses finish testimony in Suncity case
The case involving the former chairman of Suncity, Alvin Chau, has been under trial for more than two months and all witnesses for the... more
Chief Executive wants non-gaming to comprise 60% of Macau’s GDP
The Chief Executive of Macau gave his 2023 Policy Address at the Legislative Assembly on Tuesday, outlining his goal for non-gaming... more
Macau under spotlight amid U.S. inspections of China-based audits
A recent agreement between Washington and China allowing U.S. accounting regulators to inspect China-based audits is raising questions... more
Macau concessionaires reported combined US$558 million EBITDA loss in 3Q22: Deutsche Bank
Macau’s gaming concessionaires reported combined Property EBITDA losses of US$558 million in the three months to 30 September 2022,... more
MGM Resorts to provide US$750 million loan facility to Macau subsidiary MGM China
MGM Resorts International has agreed to provide a subordinated revolving loan facility of up to US$750 million to its Macau-based... more
Wynn Macau falls to US$163 million loss in 3Q22 as revenues plummet
Wynn Resorts reported a US$162.7.0 million loss from its Macau integrated resorts, Wynn Macau and Wynn Palace, in the three months to 30... more
Macau government estimates GGR of US$16 billion in 2023
The Macao SAR Government has submitted its 2023 budget to the Legislative Assembly, with the text showing that it expects gross gaming... more
