Macau: Legislator demands action against 'collusion' between casinos, officials
Lusa - Macau - 21/01/2021
A member of Macau’s legislative assembly, José Pereira Coutinho, on Wednesday called on the region’s chief executive to take action against what he described as “collusion” between casinos and those responsible for regulating the gambling sector, in…
Macau continues to open tender for new gambling concessions despite pandemic
Lusa - Macau - 27/11/2020
Macau’s Secretary for Economy and Finance said today that the government will continue legislative work for the renewal of casino concessions next year, which will end in 2022 despite the pandemic.
The secretary for Economy and Finance, Lei Wai Nong, who is today in…
Macau loses over 70 billion patacas in gambling tax by October
Lusa - Macau - 12/11/2020
The Macau Government collected 24.34 billion patacas (2.58 billion euros) until October in direct taxes on gambling, a drop of almost 70 billion patacas, in an annual comparison.
A year ago, Macau had revenues of MOP 94.03 billion (MOP 9.98 billion).
However, due to…
Las Vegas Sands mulling Vegas casinos sale to fund Asia expansion
MNA - Macau News Agency - 27/10/2020
Gaming group Las Vegas Sands is preparing a possible US$6 billion (MOP47.8 billion) sale of its Las Vegas properties, Venetian Resort Las Vegas, the Palazzo and the Sands Expo Convention Center, in order to shift its focus to Asia, Bloomberg reported.
According to the…
Gaming revenue in Macau with 93.2% losses
Lusa - Macau - 01/06/2020
Gaming revenues in Macau fell 93.2% in May, compared to the same period in 2019, when there were already strong restrictions on the borders of the world capital of casinos to contain the Covid-19 pandemic
If, in May 2019, operators operating the game in the old territory…
American gambling dealerships at high risk, says analyst
TDM - Rádio Macau - 28/05/2020
American gambling dealers are in serious danger of leaving Macau, with the United States’ decision to fail to recognize Hong Kong’s degree of autonomy vis-à-vis China, says analyst Ben Lee.
Less than two years from the new tender for the allocation of the…
Game operator in Macau Sands China does not recommend 2019 profit distribution
Lusa - Macau - 17/04/2020
The board of directors of Sands China decided not to recommend the distribution of profits for 2019 to shareholders, due to the economic impact of Covid-19, the Macau casino gambling operator announced today.
Macau's economy falls 29.6% in 2020
Lusa - Macau - 15/04/2020
Macau's economy is expected to decline 29.6% this year, due to the covid-19 pandemic according to the World Economic Perspectives released today by the International Monetary Fund (IMF).
