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Twenty years of gaming twists and turns

The 20th anniversary of the Macau Special Administrative region is upon us. When it comes to gaming, these were not two linear decades. There were plenty of twists and turns.

Gaming to continue to drive Macau’s wealth

Twenty-nine years ago I visited Macau for the first time. It was a consolation day trip from Hong Kong for not being able to apply and obtain a visa to enter China in less than a week when I had only four days to spend.

Amax reports 54 percent drop in revenue

Amax International Holdings Limited has reported a 54 percent year-on-year drop in revenues in the six-month period ending September 30 to the figure of HK$28.5 million (about US$3.6 million).

MGTO claims strong record on implementation

The Macao Government Tourism Office (MGTO) claims that it has already implemented 81 percent of the actions and objectives outlined in the 2017 Macao Tourism Industry Development Master Plan.

GameSource wins Innovation Gold Award

GameSource, a cloud-based platform offering land-based casinos access to electronic games, has won the Innovation Gold Awards at the 7th Annual Business Awards of...

South Shore reports widened loss in six months to Sept 30

South Shore Holdings Limited, operator of Macao luxury hotel The 13, reported a 15 percent widened loss for the six months ended Sept 30,...

Govt to ignore gaming equipment reversion clause

The Macau government is set to ignore a clause in the concession contract of SJM and MGM, which requires the companies to hand over...

Xi expected to visit Macau next month

Chinese President Xi Jinping is expected to visit Macau between December 18 and 20, his first visit in five years, despite the protests ongoing in neighboring Hong Kong.

Mass gaming growth boosts Emperor half-year profit

Emperor Entertainment Hotel Limited saw its profit attributable to owners of the company increase 37.4 percent year-on-year to HK$177.2 million (US$22.6 million) for the...

Success Dragon expects loss to narrow

Casino service provider Success Dragon International Holdings said it expects to record a narrower loss for the six months ended September 30, 2019 as...

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POGOs to resist political pressures

With the win from China-facing igaming operations forecast to hit $33 billion in 2019, the Philippines has little incentive to curb activities of POGOs.

Hokkaido governor nears decision on IR bid

Hokkaido Governor Naomichi Suzuki is nearing his decision on whether or not to pursue an IR bid at Tomakomai city, but even conservative political forces are having difficulty uniting behind a pro-IR policy.

POGO crackdown has produced $25 million in extra tax revenues

Finance Secretary Carlos Dominguez has declared that the task force led by the Bureau of Internal Revenue (BIR) has wrung an additional PHP1.2 billion (about $25 million) in tax revenues from a delinquent POGO that was temporarily shut down in September.

AgTech to supply lottery terminals in Zhejiang and Henan

AGTech Holdings Limited reported to the Hong Kong Stock Exchange on Thursday that one of its wholly-owned subsidiaries had won the lottery terminals procurement tenders to supply lottery terminals to the Sports Lottery Administration Centers in Zhejiang province and Henan province.

Pansy Ho reduces stake in MGM Resorts

MGM China co-chairperson Pansy Ho has reduced her stake in the company’s U.S. parent, MGM Resorts international, bringing her stake in the company to...