Tag: Macau
Macau14 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 ...
Macau14 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...
Macau21 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...
Macau08 Apr, 2020 Macau’s gaming revenues tumble 80% in March
The coronavirus outbreak which originated in China, has infected more than 550k individuals across the world. The virus is causing a profound and serious impact on global economy leaving businesses counting costs. With billions of people under lockdown and strict border restrictions c...
Macau17 Feb, 2020 Macau casinos allowed to reopen
Earlier this month, the Chinese city of Macau reported that 41 casinos were asked to shut operations for half a month as they rushed to stop the coronavirus outbreak afflicting China and other regions. Undoubtedly, the epidemic has shaken the world that first broke out in Wuhan leaving ...
Macau04 Feb, 2020 Macau to close casinos for two weeks over coronavirus
In breaking news coming out of Macau, it is learned at the Macau government has sent out a mandatory closure notice of all casinos for a minimum period of two weeks which could be extended depending on the seriousness of the Wuhan Coronavirus. Macau’s Chief Executive Ho Lat Seng m...
Macau29 Jan, 2020 Casino stocks fall as Macau takes coronavirus hit
The Lunar New Year is typically celebrated in China and other Asian countries that basically begins with the first new moon until the first full moon of the lunar calendar. And with the deadly outbreak of coronavirus in the holiday season, several US casino operators have confirmed read...
Macau27 Mar, 2019 Macau looks to curb flood of new tourists by taxing them
One of the few regions in Asia where gambling and casino enthusiasts from around the world flock to is Macau. Macau is a casino hotspot and attracts large number of tourists to its many well-established casinos. Due to this and various other factors, Macau is witnessing a surge in new t...
Macau14 Mar, 2019 Sands Cotai Central rebranded to ‘The Londoner Macao’
The famous Sands Cotai Central resort complex located in the bustling gambling hotspot of Macau has begun renovations in order to rebrand itself to ‘The Londoner Macau’. A senior executive of Sands China Ltd. confirmed the news to an Asian news outlet GGRAsia a couple of days ago on Tue...
Macau14 Mar, 2019 Macau reports lowest problem gambling statistics ever
One would expect that problem gambling in Macau, one of the top gambling hotspots of the world, would be very high. Well, the latest statistics might surprise you. Macau’s Central Registry System of Individuals with Gambling Disorder saw a total of 133 people registered with it in 2018,...
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