10, Feb, 2017

The Macau government has renewed the license of Chinese lottery company Sociedade de Lotarias Wing Hing Limitada to Dec. 31, 2017.

09, Feb, 2017

Casinos across Asia must find a way to balance innovative new payment solutions with a labyrinth of multi-jurisdictional AML, compliance and responsible gaming requirements, according to a number of industry insiders.

Payments has long been one of the most important but least talked about topics within the gaming industry.

09, Feb, 2017

Chinese Premier Li Keqiang praised Macau’s efforts to diversify its economy during a three-day visit last year, but market experts say operators are still trying to get the recipe right when it comes to non-gaming attractions and face an uphill struggle.

Macau, spurred by Beijing, has been seeking to boost its non-gaming sector since gaming revenues spiralled downwards in 2014 on the back of a crackdown on corruption.

09, Feb, 2017

Macau junket investor Iao Kun Group Holding Company says it will no longer look to expand its VIP gaming portfolio, instead focusing on investments outside the gaming sector.

08, Feb, 2017

Macau’s Judiciary Police (PJ) has appointed Luis Leong as the new director of its gaming-related crimes division (GCD).

07, Feb, 2017

This year’s Chinese New Year holiday period saw a 9.9 percent increase in visitors compared to the year before, according to the Macau Government Tourism Office (MGTO).

07, Feb, 2017

Morgan Stanley has revised its 2017 EBITDA expectations for Wynn Palace to US$432 million following strong 16Q4 performance.

07, Feb, 2017

Macau recorded a strong start to February, raking in MOP 6.3 billion in the first week of the month (Feb 1-5), noted Bernstein on Monday. The week saw ADR of MOP 1.3 billion, up 103 percent compared with January and +49 percent over the similar period in February 2016, which was above expectations.

07, Feb, 2017

ICE will host the largest delegation of senior gaming officials from Macau and the People’s Republic of China.

06, Feb, 2017

Beijing’s crackdown on corruption triggered a two-year slump in gaming revenue and going forward the performance of its economy, efforts to control capital outflows and its ongoing fight against graft will all play a role in determining the strength of the local gaming market.

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