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Macau’s gaming industry reverses slump in August

Macau’s gaming industry reverses slump in August

Macau’s gaming revenue registered a rise of 1.1 per cent year-on-year in August, reversing the 26-month slump of the industry. Macau’s gaming sector collected about 18.8 billion patacas (about US$ 2.4 billion) in August, up 1.1 per cent from the previous year, according to the data released by the special administrative region’s Gaming Inspection and […]
Macau’s gaming sector jobs fall 3 per cent in Q2

Macau’s gaming sector jobs fall 3 per cent in Q2

Macau’s vitally important gaming sector had 55,708 full-time employees at the end of the second quarter, down by 3.0 per cent year-on-year, the Statistics and Census Bureau (DSEC) announced on Monday. According to a DSEC statement, the number of dealers (croupiers) fell by 3.1 per cent to 24,285. Shift-working staff accounted for 92.7 per cent […]
Macau casino gambling revenue shrinks 4.5 per cent in July

Macau casino gambling revenue shrinks 4.5 per cent in July

Macau’s gross gaming revenue in July recorded a monthly decline of 4.5 per cent, amounting to MOP17.8 billion (US$2.2 billion), according to data released from the Gaming Inspection and Coordination Bureau (DICJ), the city’s gaming regulator. July’s gross gaming revenue fell less than the estimated percentage of 5.5 per cent, as the summer holidays brought more tourists […]
Macau’s gaming revenue to drop at slower pace in 2016 H2

Macau’s gaming revenue to drop at slower pace in 2016 H2

Macao’s gaming revenue in the second half of 2016 will drop from last year’s level at a slower pace, the special administrative region’s financial authorities said on Saturday. A report issued by Macau’s Office of the Secretary for Economy and Finance said the income of the Special Administrative Region (SAR) gaming industry in June reached […]
Macau gaming expo to put more focus on non-gaming

Macau gaming expo to put more focus on non-gaming

A gaming expo taking place next week will put more emphasis on non-gaming entertainment to offer gaming operators an alternative way of increasing revenue amidst the challenges they’re facing with gaming revenue, expo organiser Reed Exhibition’s Senior Vice President Josephine Lee Nga Yee said on Thursday. Lee made the comments while speaking to reporters prior […]
Macau’s mid-term gaming report not related to renewal of concessions

Macau’s mid-term gaming report not related to renewal of concessions

Secretary for Economy and Finance Lionel Leong Vai Tac said on Wednesday that the government’s mid-term gaming sector performance report wasn’t related to the renewal of the city’s gaming concessions, but rather to allow gaming operators to see what they can improve on. Leong made the remarks during a press conference on the government’s mid-term evaluation report […]
Macau’s gaming regulator vows stricter rules for junkets

Macau’s gaming regulator vows stricter rules for junkets

Gaming Inspection and Co-ordination Bureau (DICJ) Paulo Martins Chan said on Wednesday that the government will continue its plan to tighten regulation of the junket sector, including raising the initial investment amount. Chan made the remarks during a press conference about the government’s mid-term evaluation report on the gaming sector’s performance. The evaluation was conducted by the […]
Macau gaming operator SJM profit falls 44 per cent in Q1

Macau gaming operator SJM profit falls 44 per cent in Q1

SJM Holdings’s profit attributable to the company’s owners fell by 44.1 per cent year-on-year to HK$561 million in the first quarter, the gaming operator said in a statement on Tuesday. The company’s gaming revenue decreased by 22.8 per cent to HK$11.02 billion, while adjusted EBITDA dropped by 32.5 per cent to HK$838 million. According to the statement, […]
SJM and Wynn Macau pledge to meet non-gaming revenue goal

SJM and Wynn Macau pledge to meet non-gaming revenue goal

SJM Managing Director Angela Leong On Kei and Wynn Macau Executive Director Linda Chen said that they believe that Macau’s six gaming operators’ revenue from non-gaming business will exceed nine per cent of their total income by 2020, 2.4 percentage points up from 2014.   The government laid down the goal for the city’s gaming operators […]
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