Macao
Satellite casinos continue to exit? SJM to close Grand Hyatt Casino early this week, accelerating industry consolidation.
Macau—Satellite casinos accelerate "exit", and the gambling industry enters a new phase of restructuring. SJM Resorts recently announced that it will close its Casino Grandview located in Costa on July 30 (this Wednesday), several months ahead of the originally scheduled year-end closure, officially
Macau to maintain a cap on VIP room intermediaries until 2026, marking the end of the high-rolling era in the gambling industry.
The Macau government has announced that it will maintain the current cap on the number of VIP room gaming intermediaries at 50 until 2026. According to the latest data from the Gaming Inspection and Coordination Bureau, there are currently only 22 intermediary agencies operating in Macau, which has
Macau launches youth-oriented responsible gambling promotion campaign, focusing on early intervention and public education.
The responsible gambling promotion campaign in Macau officially launched in 2025, themed "Seek Help Early, Win the Future," focusing on the youth demographic. The aim is to enhance public awareness of gambling risks through education and community outreach, encouraging early intervention.The campaig
Las Vegas Sands Corp faces a $12 billion lawsuit in Macau!
Has the dream of a luxurious unfinished past been restarted? The 13th Hotel in Macau is about to complete the handover, with the new buyer planning to spend 300 million on renovations.
The 13 Hotel in Macau, a once controversial luxury real estate project, is at a turning point in its fate. Recently, the Director of the Macau Special Administrative Region's Tourism Bureau, Wen Qihua, confirmed that this hotel, located in Coloane Village's Shek Pai Wan and previously halted due to
"The transformation to 'non-gambling' is not a threat, but a premium chip—how does Macau double the profits of operators?"
Macau Legend, a satellite casino, bids farewell to the gambling industry, seeking restructuring for survival. Can this reverse the downturn?
The long-established satellite casino operator "Macau Legend" is facing a critical moment of survival. As its last operating casino in Macau is expected to close by the end of this year, the company is planning to revive itself through a share consolidation and potential future financing, though the
Macau's gaming industry accelerates "localization": 90% of middle and senior management are locals, foreign executives face shrinking opportunities.
The Macao Special Administrative Region Government recently announced data showing significant achievements in the "localization" process of senior positions in gaming enterprises, with local employees making up nearly 90% of the management, reflecting Macao's continuous tightening of foreign labor
After the high temperatures in gambling, Macau has lowered its gambling tax revenue expectations, and the cold recovery has caused market concerns.
The Macau SAR Government recently lowered its 2025 gaming tax revenue forecast, reducing the "Special Gaming Tax" from the originally predicted 84 billion Macau patacas to 79.8 billion Macau patacas, a cut of about 5%. This adjustment has been included in the 2025 fiscal budget amendment bill that i
The Empire of Biting Teeth: The Dark Inside Story of the Hongmen, Scam Parks, and the Guo Congyuan Guo Huaping Criminal Network
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
11 satellite casinos are about to close completely: Macau's mainstream casinos welcome the "shift tide"
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
Is the surge in Macau's gambling revenue an illusion? CBRE warns: It all depends on the "blood transfusion" from the Chinese economy to survive.
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
Former Macau dealer colludes with gambler to cheat casino out of 1.76 million Hong Kong dollars, loses all winnings back to the casino within two weeks.
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
Macau plans to ban all gambling advertisements, draft causes industry shock and concern.
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 6 billion gamble ultimately turned into a mirage, with Macau's The 13 Hotel being sold off for 600 million.
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
