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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
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
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
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
Casinos in Macau, the Vegas of the East, have managed to renew crucial gaming licenses. But there's a hefty catch — they need to pump in $15 billion into non-gaming sectors.
Macau's government renewed gaming licenses for companies like Sands China and Wynn Macau in return …
Huileng Tan
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
MACAU: The Rise Of The Low-Roller
The heavy investment in attractions for mass-market tourists is one of the main reasons why Macau i…
That $258 million Macau casino heist is starting to wallop the entire gambling industry
This is the last thing Macau needed. Monthly gaming revenues have been down 30% to 50% from the sam…
Linette Lopez
One of the biggest VIP gambling firms in Macau just made a cry for help
"We remain on the sidelines on the Macau gaming names as estimates and valuations adjust to a ''new…
Linette Lopez
There's No Signs Of A Slowdown In China's Favorite Gambling Destination
"Many Chinese tourists come here for shopping purposes, because despite the 30% luxury tax, these t…
Steven Perlberg
Wall Street's Most Brilliant Casino Mind Just Got Back From Macao - This Is What He Saw
This is obviously a big contrast to the U.S., where gambling centers like Las Vegas and Atlantic Ci…
Linette Lopez
What Politicians In Macau Are Worried About Right Now
Nevertheless, Macau does have many day-to-day concerns that can be advanced during the networking t…
The Economist
China's Gambling Mecca Is Getting Its Most Extravagant Hotel Yet
Stephen Hung, chairman of the Louis XIII development company (formerly Paul Y Engineering), promise…
Jing Daily
Sheldon Adelson Comment About Macau Gangsters Has The Gambling Paradise On Edge
That comment, which drew little attention in Las Vegas, was front-page news in Macau because it sug…
Reuters
There's only one thing in the world of gambling that could compare to Macau in its glory days
All you have to do is look at what Vegas has become - and where China wants Macau to head - to see …
Linette Lopez
Macau Gambling Revenue Hit A Record $45 Billion In 2013
Macau's gaming sector has seen a boom in recent years due to an influx of well-heeled Chinese gambl…
Agence France Presse
Australian Billionaire James Packer: China's Love For Luxury and Gambling Will Change Our World
"China's middle class will change the world," Packer says. "Through their spending power and tastes…
Business Insider Australia
45 Gorgeous Vintage Photos Of Macau From Before It Became A Gambling Mecca
Macao, in 1980, was quiet. Very quiet. It had a distinct "small town" atmosphere that contrasted sh…
Linette Lopez,Rob Wile
BEFORE THE BOOM: Here's Macau Before It Became A Gleaming Hub Of Gambling Decadence
Today, Macau is in a bit of a crisis. This April, a shareholder in the Kimren Group, one of Macau's…
Rob Wile
It's all going dark again in the gambling capital of the world
"Wynn noted that Golden Week was very strong in October, but business dropped sharply after that an…