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Industry
July 29, 2025
Macau Casino Stocks Surge as Operators Adapt
Macau’s casino sector remains on the road to recovery, with a steady rise in visitor numbers, improved infrastructure, and an evolving entertainment landscape sparking a surge in investor sentiment. Casino stocks have steadily increased in the past three months, driven by encouraging gaming revenue reports and a wave of special events drawing large crowds to […]
Legal
July 23, 2025
Whistleblower Accuses EY of Enabling Organized Crime with Links to Gambling
A former partner at Ernst & Young (EY), by the name of Joe Howie, who spent 35 years in various roles at the firm, has alleged that EY knowingly delivered audit and compliance services to gambling clients with suspected ties to transnational organized crime, including Chinese mafia figures involved in US-listed casino companies. He also […]
Casino
July 16, 2025
MGM China Confirms Jacky Heung Settled Gambling Debt
Macau-based MGM China, which operates MGM Cotai and MGM Macau, has confirmed that actor Jacky Heung has fully paid back a gambling debt that has taken over Hong Kong media in the last days. Jacky is the eldest son of popular former actor, turned film producer and TV personality, who founded Win’s Entertainment and China […]
Industry
July 6, 2025
Macau Contemplates Axing Gambling Ads
Macau continues its efforts to diversify its industry and end its historic dependence on gambling. As these efforts progress, lawmakers are considering a ban on gambling ads. Macau Wants to See How the Public Feels Macau’s Economic and Technological Development Bureau has launched a formal public consultation into the matter to see how the public […]
Casino
June 26, 2025
Chinese Crime Boss ‘Broken Tooth’ Wan Linked to Massive Internet Scams
As global worries grow about online investment fraud, Chinese gangster Wan Kuok-koi, nicknamed “Broken Tooth,” still moves around and pushes business deals across Southeast Asia. This happens even though the US has had sanctions on him for years, and many allegations of his running organized crime operations. Wan Kuok-koi Resurfaces as Alleged Mastermind Behind Expanding […]
Legal
June 18, 2025
Macau Police Arrest Suspect for Alleged Chip-For-Cash Exchange
A man from mainland China has been arrested by Macau police after being caught allegedly conducting an unauthorized cash-for-casino-chips exchange near a hotel in the city’s NAPE district. Macau Police Arrest Man Over Alleged Illegal Casino Chip Exchange Authorities stated that the suspect, an unemployed man in his thirties from mainland China, admitted to carrying […]
Industry
May 12, 2025
Sands China & GMTCM Sign Big Health Tourism MoU
Las Vegas Sands’ Macau-facing subsidiary, Sands China, has teamed up with Guangdong-Macau Traditional Chinese Medicine Technology Industrial Park Development (GMTCM) to integrate Big Health tourism across Macau and Hengqin. To that end, the two parties have signed a Memorandum of Understanding to cooperate and leverage Macau’s position as a tourism center to promote health tourism. […]
Industry
May 1, 2025
Macau: April GGR Exceeds Expectations But Remains Lower Than in March
Macau’s revenue for April has run ahead of expectations in the wake of a suboptimal start to the year. The results for the month followed suboptimal performance in March, which sparked certain concerns about the future of local gaming. The April Results Exceeded Expectations In April, Macau’s casinos generated total gross gaming revenue of […]
Industry
April 28, 2025
Macau May Cut Ties with US Concessionaires if US-China Relation Worsens
Fitch Ratings predicts possible headwinds for the three US-based Macau concessionaires due to the economic shifts. In an unlikely but possible worst-case scenario, Macau might decide to end its relationship with the three companies, Fitch experts suggested. Fitch Emphasized That the Worst-Case Scenario is Still Unlikely The three US-based Macau concessionaires include Las Vegas Sands, […]
Casino
April 22, 2025
Macau’s Most Lavish Hotel Seeks a Second Chance at Life
Once hailed as the crown jewel of ultra-luxury hospitality in Macau, The 13 Hotel and Casino has now been listed for sale for the second time, as creditors seek to offload the unrealized dream of what was once touted as “the world’s most luxurious casino resort.” While Macau’s enduring popularity as a regional gaming hub […]
