Location: Macau
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
‘An empty shell of what it used to be’: Macau, Asia’s gambling Mecca, gets a China-backed makeover
Although the lights are still on along the popular Cotai strip, the throngs of people that used to pour in and out of Macau’s many hotels... more
MGM Cotai reopens following COVID-19 lockdown as quarantined staff, guests all test negative
Macau integrated resort MGM Cotai, which was locked down on Sunday when a dealer tested positive to COIVID-19, was unsealed and reopened on... more
Macau records GGR of MOP$3.90 billion in October, down 10.7% year-on-year
Macau’s Gaming Inspection and Coordination Bureau reported citywide gross gaming revenue of MOP$3.90 billion (US$481.6 million) in October,... more
More DICJ inspectors insist no evidence of “betting under the table” in Suncity VIP rooms
A day after the director of the DICJ’s Compliance Audit Division, Ms Wong Long Peng, testified that she never came across any information... more
Macau eVisa resumption a “significant step” towards gaming industry profitability: JP Morgan
Monday’s announcement by the National Immigration Administration (NIA) that electronic applications for individual and group travel visas... more
Macau’s MGM Cotai casino-resort locked down after dealer tests positive for covid
MGM Cotai – the Cotai integrated resort operated by MGM China – has just been locked down. Government health workers are currently on the... more
Macau hotel occupancy rate down 12.9 percentage points year-on-year through first nine months of 2022
Macau’s hotel occupancy rate plummeted to just 37.5% through the first nine months of 2022, a drop of 12.9 percentage points on the already... more
