Tag Archives: China
China – New COVID spike to flatten Chinese New Year further in Macau
Visitation for Chinese New Year in Macau will be worse than originally expected with a new increase in reported coronavirus cases in mainland China forcing more premium players cancelling their trips. New quarantine measures have been imposed on visitors from six cities whilst daily GGR has fallen from MOP$276m during the first 17 days of…
China – Beijing to expand on its current list of blacklisted gambling destinations
Casinos in the Philippines, Cambodia, Vietnam and Australia are likely to be added to a blacklist of overseas gambling operators deemed by China’s Ministry of Culture and Tourism to be illegally tapping up Chinese play. The state-run news service Xinhua described this as a ‘second batch’ of overseas destinations. The ministry said: “Casinos in overseas…
China – Analysts see five year climb until VIP returns to 2019 levels in Macau
Analysts at Sanford C Bernstein think it could take five years for Macau’s VIP gaming sector to bounce back from the effects of the pandemic with GGR to stay less than 2019 levels well into 2025. Vitaly Umansky, Tianjiao Yu and Kelsey Zhu said: “VIP is likely to continue to be negatively impacted by scrutiny…
China – December revenues up 16 per cent from November’s in Macau
Macau’s 41 casinos Macau casinos ended a bleak year with little evidence of any recovery with GGR coming in at MOP$7.82bn (US$977.5m) in December, showing a decline of 65.8 per cent year-on-year. Full-year revenue fell 79 per cent to 60.4bn patacas. December’s figures showed a 15.9 per cent climb from November revenue but marked the…
China – Morgan Stanley believes Macau’s licence holders will be granted three more years
Macau six casino concessionaires are now likely to have their licences renewed for a further three years by the SAR Government, abandoning initial plans to hold an open tender due to time restrictions caused by the coronavirus pandemic. Morgan Stanley analysts Praveen Choudhary, Gareth Leung and Thomas Allen made the prediction, saying: “For open bidding…
China – Macau’s GGR moving in the right direction as visitors begin to return
Macau’s casino revenue is moving in the right direction increasing by 13 per cent over the first eight days of November to MOP$2bn. Vitaly Umansky, Tianjiao Yu and Kelsey Zhu, analysts at Sanford C. Bernstein analysts said revenue over this period showed a year-on-year decline of 67 per cent, a distinct improvement on October’s yearly…
China – Macau’s casino revenue up 228.8 per cent in October
Macau’s Gaming Inspection and Coordination Bureau (DICJ) has confirmed that the SAR’s 41 casinos experienced a 228.8 per cent jump in gross gaming revenue (GGR) in October compared to September, making it the highest total since January. With the individual visit scheme (IVS) allowing mainland tourists to travel to Macau again from September 23, October…
China – Foreign casinos soliciting Chinese play to carry ten year prison sentence
The penalty for soliciting Chinese customers to visit foreign casinos will match the five to ten year jail sentence for some actually opening a casino in China. The latest amendment, Article 303, targets gaming activities both within and outside of China, will be made available for public consultation until November 19 with the likelihood it…
China – Confusion mounts over whether China’s criminalising of casino promotion extends to Macau
China’s National Congress is considering making it a criminal offence for overseas gambling operations to target Chinese citizens with their promotions and offers, but analysts remain unsure as to whether this would include casinos in Macau. The Congress wants to criminalise the ‘organisation and solicitation of casinos abroad,’ with currently unspecified punishments for companies or…
