Huge changes are on the table. In reflection of the continuous revenue drop, the city-lead came up with a fascinating but controversial idea. They plan to reform tourism in the region. If the changes will be real, we can expect family programs in Macau instead of the most luxurious wagering options. Still, before they make the decision they will open a Public Debate on the 2nd of November. Can't wait to see how this will shake out!
Casinos in Macau is in a difficult situation. However, it's getting worse and worse as its GGR continues to plunge. The year on year Gaming Gros Revenue fell 94.5% In July. Let's take a look at what's behind the terrible statistics over the current global disaster.
Macau is in a very hard situation. Many unfortunate things happened with the gambling industry in the region. So many, that it can even mean the end of Macau Gambling for the upcoming years. This June the GGR in Macau hit a negative record with its less than $90 million overall Gross Gaming Income.
Stanley Ho was more than a businessman. He was the founder of the Macau Gambling Empire, a ventured, who never played on his casino floors. Stanley became a legend in gambling circles. After years in a bad health condition, he passed away on the 26th of May, on Tuesday.
Japan, Vietnam and the Philippines could all challenge for the casino throne in Asia, with the aim of rendering gambling in Macau a second choice for high-rollers. (Image credit: Matador Network) Despite experiencing a tumultuous economic period that lasted 26 months and only abated during the second half of 2016, Asia’s gambling hub has managed […]
Las Vegas Sands’ new Macau gambling destination The Parisian has been granted 150 gaming tables by the local gaming regulator. This decision is expected to provide a boost to Sheldon Adelson’s new $3 billion casino resort to enter the Chinese gambling market as efficient as possible. Image credit: Venetian Macao According to the latest gambling […]
Macau’s VIP gambling market is in trouble, since the latest figures says, that Macau’s casino gaming revenue fell 34.3% in 2015 and hit an annual low again, since 2010. As it is seen from the latest statistics released by the Gaming Inspection Coordination Bureau (DICJ), the total casino gaming revenue has decreased by 27% from […]
The Chinese government is going to permit Macau the expansion of its transit visa scheme, as derived from statements by Li Gang, director of the Central People’s Government Liaison Office in Macau. As per the present scheme, a person entering Macau as part of transiting to a third party country can remain seven days in […]
Despite millions being made on a daily basis, remarkably Macau casinos lose money. Las Vegas is one of the most iconic towns in the world, and that’s mainly due to its large casino business. It has maintained a reputation for being the most popular gambling hub, however for a decade now it has been playing […]
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