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You Searched For "macau gambling" 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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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   


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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   


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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8 mins read

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…

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2 mins read

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   


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2 mins read

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   


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1 min read

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   


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2 mins read

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   


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1 min read

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   


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1 min read

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   


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4 mins read

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   


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2 mins read

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   


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1 min read

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   


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1 min read

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   


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2 mins read

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   


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2 mins read

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   


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3 mins read

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…

Linette Lopez