Casino news tagged with 'macau'

Based from a report by the Gaming Inspection and Coordination Bureau (DICJ), the gross gaming revenue (GGR) of casinos in Macau have increased by more than 4,000% in July from the previous year to MOP16.7 billion ($2.1 billion).

Read more » Macau Casinos report July as Best Month since Covid with $2.1B Revenue

Macau casinos have finally reopened Saturday after almost a two-week shutdown was mandated in an effort to slow down and stop the spread of COVID-19.

Read more » Macau Casinos reopen at 50% Employee Attendance after Two-week Shutdown

Analysts expect that the GGR in Macau casinos would be badly affected, after a fresh outbreak of COVID-19 was recorded last week.

Read more » Latest Covid Outbreak threatens Macau casinos

Macau's gambling revenue rose to 1,014% year-over-year in April to 8.4 billion patacas ($1.1 billion), according to a report released Saturday by the Gaming Inspection and Coordination Bureau. This outcome was actually below the median analyst estimate for a 1,054% jump, Bloomberg reports.

Read more » Macau Casino Revenue Continues Recovery with 1,014% Growth in April

Macau's gambling market could possibly face a fundamental realignment as the local government aims to move closer to legalizing the use of China's digital yuan in casinos.

On Tuesday April 14, Macau's Chief Executive Ho Iat Seng told the Legislative Assembly of plans to "study the feasibility of issuing a digital currency." The government of China's "special administrative region" wishes to boost its ability to deter tax dodgers, money launderers, and other criminal elements, including terrorists.

Read more » Macau Moves Closer to Legalizing Digital Yuan Use in Casinos

Macau casinos are getting ready for a flurry of visitors this upcoming Golden Week holiday, the first in its history that will occur amid a global pandemic.

Due to travel restrictions and safety precautions brought about by the COVID-19 situation during the first half of the year, many establishments including hotel-casinos in Macau have witnessed a dramatic drop in visitor bookings.

Things are going to look bright once again because soon these Macau casinos will receive an influx of visitors thanks to the annual Golden Week holiday.

Read more » Macau Hotel Casinos report High Bookings for Golden Week

This year, revenues from gambling in Macau declined every month, as a bleak result from the devastating effects of the worldwide novel coronavirus pandemic.

The figures showing the monthly gross gaming revenue (GGR) of Macau, according to the DICJ (Gaming Inspection and Coordination Bureau) are as follows: January revenue was down by 11.3%, February 87.8%, March 79.7%, April 96.8%, May 93.2%, and June 97%.

Read more » Macau Casino Revenue Down 97% in June

Macau, the world's biggest gambling hub, shall finally allow casinos to resume operations starting February 20, Thursday, after authorities slapped a two-week suspension due to the coronavirus outbreak. The suspension was to keep the virus in check, according to public broadcaster TDM.

Most of the government services that had been suspended since February started will also resume operations this week, and authorities are cautioning the residents to remain vigilant.

Read more » Macau Casinos to Reopen Thursday after Coronavirus Shutdown

Macau to close casinos for two weeks

The already weakened business of casino operators face the possibility of being forced to close for a longer period of time

The casino industry in the world's biggest gambling hub, Macau, has been asked by the government of Macau to shut down temporarily as Chinese authorities try to control the chaos brought about by the deadly coronavirus. The closure shall begin on February 5 and will last for 15 days.

Read more » Coronavirus Shuts Down Casinos in Macau, the World's Biggest Gambling Hub

Some casino dealers in Macau have complained that the new ‘smart' gaming tables in casinos are making them ill. This prompted a lawmaker to demand published data from operators and regulators to prove their claims that the new technology is safe for everyone.

Trade union representative and lawmaker Ella Lei told Macau Times on Monday that if this data existed, she strongly believes it "should be disclosed to ease laborers' worries."

Read more » Macau Lawmaker Wants to Get Proof that ‘Radiation Tables' are Safe for Casino Dealers

Judiciary police in the world's largest gambling hub Macau have arrested two men, a croupier and a security guard, over a colossal casino heist in which gaming chips equivalent to almost HK$48 million have been stolen from a VIP room inside the Wynn Macau.

Read more » Two arrested over HK$48M Wynn Casino Heist in Macau

China is drafting a proposal that will allow gambling on Hainan Island. If approved, this unprecedented move by the Chinese government will likely reshape the gaming territories in China and strip Macau of its status as the only territory in China where gambling is legal.

Read more » Chinese Government to Consider Ending Macau Casino Monopoly

Seven Chinese citizens were arrested in Macau, as they were accused of operating a sophisticated but lucrative illegal betting scheme which involved high-stakes baccarat and WeChat, the highly popular Chinese social messaging service.

Read more » Macau Betting Scheme using WeChat busted

A tourist from Mainland China used syringes and carried a fake report of being HIV positive to threaten several casino gamblers. According to Public Security Police (PSP), his intention was to compel the gamblers to place bets for him at the casino tables.

Read more » Tourist Gambler Threatens Casino Winners With “HIV” Syringe

The Gaming Inspection and Coordination Bureau of Macau have released information regarding the city's casinos financial performance in June. According to the reports, the gross gaming revenue has dropped 8.5% in June. The drop in revenue last June is the 25th consecutive month wherein there is a drop in revenue of Macau casinos. It is reported that the proceeds from gambling venues has reached its worst month yet since 2010.

Read more » Macau Casino Revenue Down 8.5% in June

In Global Betting and Gaming Consultancy's latest edition of its Global Gambling Report, one can read about the world's most successful casinos in 2014. The report showed that the overall global gambling market increased 3.2 percent last year to over $450 billion.

Read more » Macau Far Ahead of USA In Terms of Individual Casino Revenues