Thursday, October 29, 2020
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Macau inward investment jumped 168% in 2019

Information from the Statistics and Census Service shows that inward direct investment flows into Macao jumped by 167.8 percent year-on-year to MOP 53.99 billion ($6.7 billion) in 2019. Analysed by industry, inflows of direct investment in the Gaming sector and Financial Activities totalled MOP 43.31 billion and MOP 8.52 billion respectively.

China to end high-frequency lottery sales

China has announced further curbs on the sale of high-frequency lottery products and virtual sports and plans to ban them completely from next year. 

Macau to sign AML risk assessment accord with World Bank arm

Macau, which last year was given a strong bill of health when it comes to efforts to combat money laundering and financial crimes, has taken further action by signing an AML risk assessment accord with a unit of the World Bank.
Palazzo Las Vegas

Is LVS on an Asia acquisition trail?

Las Vegas Sands lobbed an “October surprise” into the world of the gaming industry, confirming it’s seeking buyers for its Nevada casinos, effectively leaving it as an Asia-only operator, with properties in Macau and Singapore.
Macau St Paul Ruins

Re-imagining Macau for a diversified future

This pandemic has changed the lives of many Macanese and millions of others globally. In this part of the world, we have moved from controlling its proliferation to managing a potential deep economic fallout as a result of it. 

Las Vegas Sands mulls exit of US gaming with US$6 billion casino sale

Las Vegas Sands Corp is considering the sale of its Las Vegas casinos and is seeking a price tag of about $6 billion and marking an exit from the US gambling industry. 

Macau seen at low risk from Kashgar cases

Macau's Health Bureau’s (SSM) Control of Communicable Diseases and Surveillance of Diseases Department Coordinator Leong Iek Hou says that those who have recently entered after having been in Xinjiang’s prefecture of Kashgar within the past 14 days pose a low COVID-19 risk to Macau.

Macau October GGR seen down 73%: Bernstein

Macau's gross gambling revenue for October is expected to be down 73 percent with channel checks showing GGR up until October 26 at MOP5.95 billion (US$747 million), according to Bernstein research. 

China signals online gambling crackdown via digital currency policies

The Chinese government is signaling its intention to use its digital currency policies as a tool to crack down on illegal online gambling. China Drafts...

AGTech announces end to two virtual sports lottery games

AGTech Holdings has announced that two of its virtual sports lottery games have been terminated, a football-themed virtual sports lottery game e-Ball Lottery in Jiangsu Province and a motor racing-themed virtual sports lottery game “Lucky Racing” in Hunan Province

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