Macau’s gambling regulator has acknowledged that authorities are studying the possibility of allowing online betting to help offset the dramatic loss of revenue due to the Covid-19 crisis, raising an exciting, if remote sounding possibility.
Macau’s gaming operators continued to chalk up heavy headline losses in Q3 as visitation to the territory remains low, but executives say they are hitting the breakeven point in October.
Suncity Group was founded in 2007 and since its establishment, it has been striving to provide an extraordinary VIP entertainment service for our guests. We opened a number of VIP Clubs in various 6-star hotels and resorts throughout Macau with the rapid growth of our business.
It’s been billed as a $15 billion smart city, powered by the latest in blockchain technology, but in reality it has emerged as a major online gambling hub and the new home to many of the operations that fled Cambodia after a ban on the practice last year.
There has rarely been a less edifying spectacle in 21st century corporate Australian history than the serial evisceration of the directors of Crown Resorts before the Bergin Inquiry into, among other things, the suitability of its subsidiary licensee of the Barangaroo casino.
Can you feel the optimism that is taking hold? Major IR operators in Macau probably can, as Galaxy Entertainment’s Q3 financial statement underlines what has been seen elsewhere, which is that operators are returning to profitability as of October. This era of good feelings is not yet in evidence in all Asian jurisdictions, including in India where the industry is locked in a battle over licensing fees. Since it's Wednesday, we hear from industry voices. We bring you two views on what Macau diversification should actually look like and who should be leading it. IGamix managing partner Ben Lee shares his digital yuan solution via Podcast with AGB Nippon executive editor Michael Penn. Professor Glenn McCartney argues three lines of concurrent thought for a ‘strategic’ tourism recovery for greater sustainable development in the medium to longer term.