Latest government data shows that Macau’s reinvention as a tourist destination is attracting visitors from nations beyond China, suggesting continuing growth in mass gambling revenue. According to the city’s Statistics and Census Service total visitors from South Korea, Japan, and the U.S. went up in November making up for the fall in tourists from Mainland…
Members of a workers’ group representing employees of Macau casino operator Galaxy Entertainment Group Ltd have expressed concern regarding the lack of information on whether they would be receiving a wage hike and their yearly bonus. The employees held a press conference earlier this week in Macau urging the casino group’s management to tackle three…
The Vietnamese government has reportedly approved gambling by locals on a trial basis in two casinos which are currently under development according to local media reports. One casino is being constructed by Vietnamese firm Sun Group within the Van Don Special Economic Zone located in northern section of the country near the Chinese border. The…
Australian casino operator Crown Resorts where billionaire James Packer is the major shareholder has stunned the market by its announcement that it was exiting its major international interests in Macau and Las Vegas even as it comes to grips with the recent arrest of its employees in China for gambling crimes. The company has reported…
Share prices of casino stocks dropped in Australia, Hong Kong and the U.S. after news broke last week that the Chinese government was planning to reduce the limit of per day withdrawals from UnionPay ATMs in Macau. The daily limit is to be halved to 5,000 patacas ($626). The change which came into effect last…
The chairman of Macau casino operator Melco Crown Entertainment Ltd has announced that the fifth tower of the City of Dreams Casino resort in Macau would be called Morpheus and would have only one floor of gaming. Lawrence Ho Yau Lung, chairman and chief executive of Melco Crown stated in a media briefing that few…
