EconomyMacao

Macau loses over 70 billion patacas in gambling tax by October

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…
EconomyMacao

Las Vegas Sands mulling Vegas casinos sale to fund Asia expansion

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…
ChinaEconomy

Beijing's gambling campaign sparks race for casino cash

Fears of a new Beijing campaign against gambling outside the jurisdiction of the Interior, which will include Macau, sparked a race for deposits at casinos and gambling companies, also known as junkets. According to an article published yesterday by the Reuters news…
ChinaMacao

Game operators together for tourist campaign in Beijing

To stimulate the return of visitors, the Government will carry out a tourism promotion campaign in Beijing involving the six gaming concessionaires and, Radio Macau learns, will have as its main theme the 15 years of the classification of the Historic Center as UNESCO World…
EconomyMacao

Gaming revenue in Macau with 93.2% losses

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…
EconomyMacao

American gambling dealerships at high risk, says analyst

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…
Economy

Macau's economy falls 29.6% in 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).