MACAU GAMING REVENUE PREDICTED TO CONTINUE DROP THROUGH 2019 END
Macau is suffering from a gaming drought that has resulted in 2019 being slightly weaker than expected. There isn’t much cause for alarm, given that the city’s casinos are still contributing significantly to Macau’s wallet, and a slump every now and…
NEW CHIEF EXECUTIVE VOWS TO PROTECT MACAU’S GAMING AND TOURISM INDUSTRY FROM HARM
Macau’s Chief Executive-elect, Ho Iat Seng, has promised to protect the future of Macau’s gaming and tourism industries while addressing historical issues related to the SAR’s concession and sub-concession arrangement. Speaking at a media conference in Beijing on Thursday, one…
MACAU TAX REVENUE GROWS 1.5 PCT
During the first eight months of 2019, Macau tax revenue from the gaming industry grew 1.5% to €8.5 billion, the government revealed. Macau.- Gaming remains the top contributor for Macanese economy. That’s why it’s no surprise that Macau tax revenue…
FRENCH CASINO TRADE UNION URGES SPECIFIC TERMS ON FDJ SALE
The casino trade union urged the government to carry out the sale of Francaise des Jeux (FDJ) on specific terms. France.- The French government is planning to privatise the state-owned Francaise des Jeux (FDJ) by the end of 2019. Three casino organisations…
VIETNAM LEADERS WANT TO LIGHTEN UP ON CASINO INVESTMENT CONTROLS
It may be time for Vietnam to loosen up its policies on foreign casino investments. This is the viewpoint of the country’s Ministry of Finance (MoF), which wants the government to change the requirements in order to allow greater amounts…
MACAU GGR TUMBLES 8.6% IN AUGUST
Macau’s gross gaming revenue fell 8.6% year-on-year in August to MOP$24.26 billion – the second lowest amount for the year after June’s MOP$23.81 billion. The decline, which saw GGR miss estimates by some margin, comes in the wake of numerous…
US-CHINA TRADE WAR NOT IMPACTING MACAU AS MUCH AS THOUGHT
Macau’s gaming industry isn’t as strong this year as was previously expected and thetrade war between the US and China has often been cited as one of the reasons why. However, at least one firm that follows the industry believes that…
DICJ RELEASES MORE INFORMATION ABOUT ARTIFICIAL INTELLIGENCE
The Macau gambling regulator has released more information about the use of surveillance and artificial intelligence at local casinos. Macau.- The Gaming Inspection and Coordination Bureau (DICJ) moved forward with a restriction on the use of artificial intelligence tools at local casinos…
CAESARS HIT BY LOSSES DESPITE REVENUE GROWTH IN FIRST HALF
Caesars Entertainment has reported a net loss of $532m (£437.0m/€474.9m) for the first half of 2019, despite also experiencing a year-on-year increase in net revenue. The US casino giant generated revenue of $4.34bn during the six months to June 30,…
PORTUGAL’S ONLINE CASINO REVENUE SURPASSES SPORTS BETTING
Portugal’s online gambling market set another revenue record in Q2, thanks to a serious surge in online casino activity. Figures released Thursday by the Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ) regulatory body show the market…