Tag: Macau
01 Apr, 2022 Macau Records GRR Of MOP $3.67 Billion Worst Since Sep 2020
Macau recently announced that it has recorded a gross gaming revenue (GGR) of Macanese Pataca (MOP$) of 3.67 billion (US $459 million) in the month of March. According to the information recorded by the Gaming Inspection and Coordination Bureau (DICJ), the March revenue is down by 55.8%...
01 Apr, 2022 Macau To Impose Stricter Rules For Junkets Under New Casino Bill
The Macau Special Administrative Region (SAR) government has announced new updates for the regulation of junkets. On Thursday, Macau’s Executive Council outlined the amendments under the title ‘Legal Framework for Casino Gambling.’ These amendments to the Casino Bill were then submitted...
07 Mar, 2022 Macau’s Chief Executive Can Now Revoke Gaming Licenses
As per the latest news reports, Macau’s SAR (Special Administrative Region) government informed the Legislative Assembly (AL) that the region’s new gaming bill will give the Chief Executive the power to terminate an operator’s gaming license if it was found that national security ...
04 Mar, 2022 Solutions For Macau’s Satellite Casinos Put Forth By Legislative Assembly
The Second Standing Committee of Macau’s Legislative Assembly (AL) had its first meeting with government representatives, including Lei Wai Nong, the Secretary for Economy and Finance. The meeting was held to continue further discussions on the amendment of the gaming law in Macau. One ...
03 Mar, 2022 Macau Extends Casino Concessions Till 31st December 2022
Six casino operators in Macau will now have their concession (license) extended from the initial expiry date of 26th June 2022 to 31st December 2022. The announcement was made by Lei Wai Nong, Macau’s Secretary for Economy and Finance. After presenting to the Second Standing Committee o...
21 Feb, 2022 Macau Collects $4.33 Billion In Gaming Tax Up By 13.8%
As per Financial Services Bureau, the Macau government raked in MOP$33.91 billion (US$4.22 billion) in gaming tax in 2021. This is a 13.8% rise as compared to the tax collected in 2020, which stood at MOP$29.81 (US$3.73 billion). While there is a 13.8% the number for 2021 is under the e...
17 Feb, 2022 Macau Demands Arrivals From Hong Kong And Taiwan To Be Fully Vaccinated
For those looking to make a trip to Macau in China, the Health Bureau of Macau just announced that all people from ages of 12 and above arriving to the region from Hong Kong or Taiwan must produce proof of being fully vaccinated against COVID-19. This new rule will be effective from 21s...
14 Jan, 2022 Macau Limits Casino Licences To Six With 10-Year Operating Period
The Macau government announced on Friday, 14th January that the number of new casino operators in the region will be limited to six concessionaires with an operating period of 10 years. This announcement has been highly anticipated by casino executives, investors, and analysts. It also ...
14 Jul, 2020 Macau Casino Hopes Brighten as China Lifts Quarantine Rules
Macau casino stocks have amped up as neighbouring Guangdong province lifts travel restrictions ban over the coronavirus that contributed to massive losses in revenue within the world’s biggest gambling town. Visitors crossing must have green health codes and should be tested negative fo...
21 Apr, 2020 Macau’s casino traffic remains almost nil
Almost three months since the coronavirus took over the world reporting over 2 million positive cases and 171k deaths so far. The government quickly took the decision to force shut down the commercial and private sectors and other non-essentials to contain the spread of the harmful viru...
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