In December 2024, Macau, a lively party attracted the attention of security departments from various countries. The host is 69-year-old Yin Guoju, known as "Beng Ya Ju" — the chairman of the World Hongmen Historical and Cultural Association and one of the leaders of the Hong Kong and Macau gang 14K
As the 11 satellite casinos in Macau are expected to close completely by the end of this year, the gambling industry is facing a "redistribution of customers." A group of gamblers, especially those from Hong Kong and local regulars who are accustomed to betting discreetly, will be forced to switch t
Macau's gaming industry experienced a strong rebound in June, with gross gaming revenue (GGR) increasing by 19% year-over-year to 21.06 billion Macau patacas (approximately 2.61 billion US dollars), far exceeding market expectations. However, US investment firm CBRE Capital Advisors threw cold water
Macau police recently cracked a casino fraud case involving an amount of $226,000 (about 1.76 million Hong Kong dollars), where a former baccarat dealer colluded with a gambler from mainland China. They illegally won a large amount of chips in just two weeks through "delayed betting".According to th
The Macao Special Administrative Region Government is advancing the revision of the Advertising Law, proposing a "complete ban on all forms of gambling advertising." The draft has entered the public consultation phase and will be open for 30 days for comments from July 4 to August 2.According to the
The Macau Louis XIII Hotel, formerly built by the South Shore Group and known as the "Louis XIII Hotel", was recently sold to a local investor for 600 million Hong Kong dollars, ending its tumultuous fate. The hotel has 199 rooms, with each room priced at about 3.015 million Hong Kong dollars, far b
In the history of China's private economic development, the rise of the Lü Qiangguang family can be described as a splendid business textbook. This family business, which started in a hardware workshop in Zhejiang, has transformed into a business empire spanning manufacturing, real estate, finance,
After a long silence, the Macau hotel once mocked as the "Ghost Town Hotel" has recently changed hands. Real estate consultant JLL confirmed that the project was sold for 600 million Hong Kong dollars, with the local Macau company "Chang Fu Investment Limited" taking over. According to Yabo Exchange
Cantonese pop king Jacky Cheung's concert series in Macau unexpectedly became a "catalyst" for boosting the gambling industry. In the typically slow month of June, several investment banks observed a rebound in gambling revenues, leading to an upward revision of monthly forecasts. Data shows that fr
The "The 13 Hotel," once known as the most luxurious hotel in Macau, was recently resold to local investors for only HK$600 million, shocking the industry. This price represents a drop of over 90% from its original construction cost of HK$12.5 billion (US$1.6 billion), marking it as a symbolic case
Despite achieving an annual profit of 130 million Macau patacas, Macau SLOT has not secured a stable contract period. According to the "Macau Special Administrative Region Gazette" published, the company was only approved to renew its operating contract with the SAR government for one year and was e
The Labor Affairs Bureau of Macau (DSAL) is progressively advancing a support program for employee transition triggered by the business adjustments in satellite casinos and slot halls, with further implementation strengthening from June 2025. The program aims to buffer the employment impact caused b
Since the legalization of gambling in Macau in 1847, this city on the southern coast has evolved from local gambling houses to a monopoly franchise, and then to the influx of international capital. The newly revised "Gaming Law" of 2022 sets a limit of six gaming licenses, abolishes the sub-license
Preface: Unveiling the Hidden Engine of a CityMacau, a tiny speck of land on the coast of the South China Sea, has created the most astonishing gambling revenue records in the world. It is not only a pilgrimage site for Asian gamblers but also a profit engine built on probabilities, psychology, and
