Search Results

MGM China sales team expansion shows confidence: Citigroup 

Citigroup noted that MGM's management is 'showing confidence in the market', MGM China's President and Chief Operating Officer Hubert Wang revealed that the company will double the headcount of its international sales and marketing team

Courts uphold skill-game legality in major step forward for industry

India is viewed as one of the most promising markets in Asia for the skill-based online gambling industry and recent court rulings have helped cement the legality of the practice.

Macau banks prohibited from establishing business relationships with overseas gaming operators

The Monetary Authority of Macao (AMCM), the financial regulator in Macau, has issued updated industry guidance on Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) controls tailored for gaming-related customers.

Some junkets relocating business to Southeast Asia amid stringent regulatory environment: paper

Amid the challenging circumstances, some junkets based in Macau have been gradually relocating their business operations, along with their players, to small-scale casinos in Southeast Asia. This information comes from the latest report on the Macau junket industry, which concludes that the ability of the junkets to withstand the current regulatory challenges and fully recover remains uncertain.

Macau junket networks migrating to small-scale casinos in Southeast Asia – Report

Junket promoters have been gradually relocating their business operations and their players to small-scale casinos in Southeast Asia after regulatory reforms transformed the gaming market in the Macau SAR, a new study reveals

New Macau bill clarifies gaming credit system: gaming expert 

Macau's draft bill on casino concessionaire and junket-issued credit for gambling reduces regulatory uncertainties, says a gaming expert.

Strategic implications considering Macau’s new gaming law “will be felt much sooner”, says study 

The strategic and operational implications in light of the new gaming law will be felt much sooner, despite Macau’s economic diversification plan requiring some time to take shape, and the regulatory and industry-wide changes will gradually be compounded into substantial differences over the next decade and beyond, says a research report.

Shaking off Macau’s gaming image needs more time and money

Macau will need to work harder to shake off its gaming-centric image in China, but the road will be long and capital-intensive, and may not be top of mind as the industry struggles through its third year of the pandemic.

Premium mass room at Raffles records much higher average wager per player: Citigroup

Investment bank Citigroup notes Galaxy Macau Phase 3 has a "solid debut" of its premium mass room, recording a 52 percent higher average wager per player compared to pre-COVID levels.

Macau gaming EBITDA to reach 65 percent of pre-pandemic levels in Q2, estimates Citigroup

Investment bank Citigroup said in a new research note that they maintain a bullish stance on Macau's gaming industry, anticipating Macau industry-wide EBITDA in 2Q23 to recover to 65 percent of the same period in 2019.