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You Searched For "Macau" and got 20 results


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1 min read

Big US casino operators like Wynn and MGM stand to lose millions after China's gambling capital of Macau shut down operations to curb COVID-19

China's gambling capital has shut down operations for the first time since February 2020 in an atte…

Samantha Delouya   


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7 mins read

Casinos made Macau one of the wealthiest places in the world — but they also brought heightened inequality and crime. Now, China is cracking down.

Macau's gaming liberalization in 2002 was meant to make the city a world center for tourism. That d…

Raini Hamdi   


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2 mins read

Jim Chanos is betting against battered US casino stock Wynn as Macau's crackdown kicks in, saying it's 50% overpriced

Wynn is one of several casino operators in Macau that face tighter obligations under China's recent…

Shalini Nagarajan   


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1 min read

Casino stocks slide for a 2nd day as China enclave of Macau launches review of gambling industry

The Macau gambling review will include rules about licenses and a proposal for direct government su…

Carla Mozée   


Huileng Tan   


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3 mins read

Macau is home to 41 casinos, and every single one of them is up for a license renewal that could change the future of Asia's Las Vegas

The future of Asia's Las Vegas hangs in the balance among plummeting revenue and as they face criti…

Nidhi Pandurangi   


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2 mins read

Wynn slumps as high rollers stay away in Macau

Gaming stocks are particularly sensitive to economic weakness in China as much of the high-roller c…

Arjun Reddy   


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3 mins read

Macau group targets rich Hong Kong retirees with promise of better quality of life in Greater Bay Area

Macau group targets rich Hong Kong retirees with promise of better quality of life in Greater Bay A…

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2 mins read

The Taiwan flag emoji has disappeared from the latest iPhone keyboard for users in Hong Kong and Macau

Previously, the Taiwan flag emoji was already not present for iPhones in mainland China. An article…

Rosalie Chan   


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2 mins read

Royal Caribbean forbids passport-holders from mainland China, Hong Kong and Macau from boarding its cruise ships

The newly-tightened measures also say that people, "regardless of nationality," will be prevented f…

Rhea Mahbubani,Rhea Mahbubani   


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1 min read

Wynn Resorts is tumbling after Macau reported disappointing revenue growth

Analysts were expecting Macau's gaming revenue to grow 18% year-over-year for the month, but it inc…

Jacob Sonenshine   


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4 mins read

The biggest loser in Macau

"China remains a big question mark," Wynn said in a conference call following the company's earning…

Linette Lopez   


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3 mins read

Macau breaks in half

"Expect March growth of -35% versus our currently modeled estimate of -26%," wrote Wells Fargo's Ca…

Linette Lopez   


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2 mins read

Macau Is 'Near Broken'

"We believe last week's rate cuts in China signal that the Chinese economic outlook is worsening, r…

Linette Lopez   


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3 mins read

The ballers are getting chased out of Macau

The undoing of these is all part of the Chinese government's vision for a new, more family-friendly…

Linette Lopez   


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3 mins read

The Party In Macau Is All But Over

In Cheung's case, Nevada may be much closer to coming to a decision. One of his companies has been …

Linette Lopez   


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3 mins read

The Macau bull thesis just died

And increased visitation was the only argument Macau bulls had left to hold on to. They've been say…

Linette Lopez   


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3 mins read

The Chinese government: Macau is being 'adjusted'

Macau's economy contracted 17% in the fourth quarter of 2014 alone. Gaming revenue in the month of …

Linette Lopez   


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3 mins read

Wall Street's walking into a Macau trap

For one thing, a smoking ban at casinos is working its way through Macau's legislature. According t…

Linette Lopez   


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2 mins read

Macau's troubles have hit Las Vegas... hard

"The most significant money laundering vulnerability at US casinos is the potential for individuals…

Linette Lopez  Â