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Macau to undergo ‘gradual opening up’ as official says it’s “impossible to continue shut”

Macau is going to undergo a ‘gradual opening up’, as authorities realize they can no longer control the outbreak in the community and mainland Chinese policies shift towards a more open approach.

Former HKEX head to set up asset exchange in Macau, for foreign investment in Chinese micro companies

The former Chief Executive of the Hong Kong Stock Exchange is launching Micro Connect, an asset exchange in Macau, in a micro-step towards the economic diversification away from the gaming industry that the government has mandated.

Macau finance secretary unsure how many satellite casinos will remain open under new concessions

Macau’s Secretary for Economy and Finance says he’s unsure how many satellite casinos could continue to operate and how many would close down after the new gaming concessions come into effect on January 1st, 2023.

Macau resident arrested over money laundering with $22.52mln in casino chips/liquor

A Macau resident has been arrested by the Judiciary Police on accusations of money laundering and smuggling, after a 48-year-old resident woman was found in possession of over MOP180 million ($22.52 million) in gaming chips, cash and merchandise.

Economist: Macau concessionaires’ individual investments range from $1.7 to $2.84 billion

The President of Macau’s Association of Economists, Lao Pun Lap, says that certain gaming operators have investment plans for the 10-year period of their new gaming concessions totaling CNY20 billion ($2.84 billion), with the lowest investment plan amounting to CNY12 billion. ($1.7 billion)

Macau Junket law set for final reading and approval on December 15th

Macau’s new junket law is expected to be presented to the Legislative Assembly for its final vote on December 15th, after the body debating its conditions signs off on its opinion on December 9th.

Macau COVID cases visited casinos in Macau/Cotai Strip, new entry requirements

Macau’s anti-epidemic measures are again getting stricter, with mainland Chinese arrivals via plane or boat required to undergo a nucleic acid test on arrival and upload the result to their health code three hours before being allowed to being allowed to enter the city.

Your Daily Asia Gaming eBrief: Macau November GGR: $374mln, worst year on record

A dismal showing for Macau, as November GGR tallied just $374 million, leading it towards the worst yearly figure on record.

Macau November GGR at $374mln, down 23% sequentially, 55% annually

Macau’s gross gaming revenue for the month of November continued its dismal trend, with GGR coming in at just MOP2.99 billion ($374.23 million). The figure is a 23.08 percent monthly drop and a 55.56 percent yearly drop.

Sands China restructuring capital of Macau subsidiary to comply with gaming law

Sands China is restructuring the share capital and management of its concession-detaining subsidiary in Macau, the second company to announce such a restructuring following the government’s granting of provisional 10-year gaming concessions to the six incumbent operators.