Location: Macau
Macau gaming stocks jump on concession renewal, US operators notch largest gains
The Hong Kong-listed entities of Macau’s six casino concessionaires all saw their share prices notch gains on Monday, with the three... more
Malaysia’s Genting loses bet on Macao gaming license
Malaysian tourism and gaming conglomerate Genting Group has lost its bid to win a Macao gaming license, ending months of speculation over a... more
Macao awards casino licenses to MGM, Sands, Wynn, 3 others
BEIJING (AP) – Macao has tentatively renewed the casino licenses of MGM Resorts, Las Vegas Sands, Wynn Resorts and three Chinese... more
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
