MGM Resorts Reports Record Quarterly Revenues in Macao
MGM Resorts International’s $4.5 billion in consolidated revenues is a second-quarter record high for the casino operator, with further cheer coming from gaming tables in Macao.
Macao
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Stock Market Unfazed by Sands China's Profit Decline
Macao casino operators continue to endure a rough start to the second half of the year, with Sands China posting disappointing second-quarter financial figures.
Macao Casinos Crack Down on Illegal Proxy Betting
Macao casinos have vowed to crack down on illegal proxy betting as police continue to arrest Mainland Chinese patrons who secretly livestream baccarat games for remote gamblers.
Las Vegas Sands Misses Q2 Expectations Due to World Cup and Weak VIP
Las Vegas Sands reported lower second-quarter earnings and revenue as unusually weak VIP gaming hold in Macao and reduced travel by high-value customers during the World Cup offset stronger gaming volumes across its Asian properties.
Wynn Palace Expansion Approved Amid Macao VIP Spending Slump
The Wynn Palace integrated casino-resort is set to expand by 17% after the Macao government approved plans to build a new luxury hotel tower.
Macao Casino Tax Revenues Increase Despite Share Price Slowdown
Macao officials have reported a rise in casino tax revenues despite a slowdown in gross gaming revenues and a slump in share prices.
Macao Tourist Arrivals on the Rise Despite Casino Slowdown Predictions
Macao tourist arrivals continue to rise, in spite of a downturn in casino revenues at many of the special administrative region’s top integrated resorts (IRs).
Macao Police Crack Down on Baccarat Proxy Bet Services for Chinese
Police have made multiple arrests in a crackdown on proxies who use livestreaming software to help Mainland Chinese gamblers bet on Macao casino baccarat games.
Macao Police Conducts Crime Prevention Workshops with Casinos & IR
Macao casinos and integrated resorts are receiving crime prevention training from the special administrative region’s police force.
Chinese Man Arrested in Macao For Selling Fake Casino Chips
Police in Macao have arrested a Mainland Chinese man accused of selling fake casino chips at an integrated resort in the Cotai district.
Macao Tourist Numbers Surge Amid Declining Casino Sales
Macao tourist numbers have shot up in recent weeks, official figures show, but casino sales are sluggish as a typhoon threatens to disrupt transport to the region.
South Korean Buddhist Monk Sentenced for Gambling Trips to Macao
A court has found a top South Korean Buddhist monk, the former abbot of Beopjusa Temple, guilty of habitual gambling in overseas casinos.