News

Macau's 2025 Gaming Revenue May Exceed Expectations, Experts Say

Jan 03 2025 Posted by Wizard

Macau, often dubbed the 'Las Vegas of Asia,' continues to capture the world’s attention with its booming gaming industry.

Sands China Honors Excellence at 2024 Awards Ceremony

Dec 27 2024 Posted by Wizard

On November 29, 2024, Sands China held its prestigious 'Because We Care' Team Member Annual Awards Ceremony at The Londoner Macao.

SJM Resorts Announces Bonus for Majority of Employees

Dec 26 2024 Posted by Wizard

Macau-based gaming operator SJM Resorts recently made headlines with the announcement of a generous bonus for its employees.

Fitch Anticipates a Significant Debt Reduction for SJM Holdings

Dec 26 2024 Posted by Wizard

Fitch Ratings Inc has recently affirmed the long-term foreign-currency issuer default rating for Macau casino company SJM Holdings Ltd at “BB-,”..

Macau Reaches New Tourism Heights in November 2024

Dec 23 2024 Posted by Wizard

In November 2024, Macau witnessed a notable surge in tourism as visitor numbers reached an impressive 2.83 million.

Xi Jinping Stresses Need for Economic Diversification in Macau

Dec 20 2024 Posted by Wizard

During a recent visit to Macau, Chinese President Xi Jinping emphasized the pressing need for the region to pivot its economy away from a strong...

Mario Ho Envisions eSports Hotels Revolutionizing Macau

Dec 19 2024 Posted by Wizard

Recognizing the rapid evolution of the eSports industry, Mario Ho, a visionary from Macau, anticipates a significant shift in the region's...

Macau Targets Huge Increase in 2025 Junket Tax Revenue

Dec 19 2024 Posted by Wizard

The Macau government has projected a significant rise in the collection of taxes on junket commissions for the fiscal year 2025.

Citigroup Optimistic About Macau Casinos Amid Upcoming Events

Dec 16 2024 Posted by Wizard

Citigroup has expressed optimism following its December survey that highlights a surge in premium-mass players within Macau's casinos.

Macau Nears Digital Currency with e-MOP Development

Dec 13 2024 Posted by Wizard

The Macau Special Administrative Region (SAR) Government has taken a significant step forward in the digital currency domain by launching a prototype.

Lisboeta Macau To Extend Hours for Major Concert Event

Dec 12 2024 Posted by Wizard

Lisboeta Macau is gearing up for a significant event, as the hotel plans to extend its business hours in tandem with an eagerly awaited concert at...

Anticipated Reforms in Macau's Gambling Legislation Amid New Leadership

Dec 12 2024 Posted by Wizard

The landscape of Macau’s gambling regulations is on the brink of potential revisions alongside the arrival of the new administration.

Hengqin Tightens Oversight as Macau Travel Rules Ease

Dec 11 2024 Posted by Wizard

Recent developments have seen Hengqin authorities implementing stricter oversight protocols in response to a significant uptick in applications for...

Venetian Arena Welcomes NBA Preseason Showdown in 2025

Dec 09 2024 Posted by Wizard

The Venetian Arena in Macau, a newly revamped and branded venue, is set to host prestigious National Basketball Association (NBA) preseason games in..

Macau's Historic Districts Revitalized by Gaming Operators

Dec 05 2024 Posted by Wizard

Macau's ambitious plan to rejuvenate six historic districts in collaboration with gaming operators is proving successful, as highlighted by a recent..

Study Reveals That Awe Experience Boosts VIP Gaming Appeal in Macau

Dec 05 2024 Posted by Wizard

A recent study has delved into the motivations behind gaming participation of VIP players at Macau's integrated resorts, revealing a notable 'awe...

Macau Expands Rail Network, Boosting Tourism to Hengqin

Dec 03 2024 Posted by Wizard

Macau is taking significant strides in enhancing its transportation links with mainland China as the new Light Rail Transport (LRT) system connecting.

Hengqin Greenlights Office to Hotel Conversions

Dec 03 2024 Posted by Wizard

Hengqin authorities have taken significant steps in boosting hospitality infrastructure by approving five projects aimed at transforming office or...

Galaxy and Sands China Experience Revenue Shifts in Cotai Malls

Nov 29 2024 Posted by Wizard

Galaxy and Sands China's Cotai mall revenues rise quarter-over-quarter but show declines year-on-year in latest financial results.

Macau's Crackdown on Unlicensed Foreign Exchange

Nov 28 2024 Posted by Wizard

Macau's illicit foreign exchange activities decline amid rigorous law enforcement efforts by local and mainland authorities. Learn about the impact.