Macau Casino Stock Prices Declined Again as China Intensifies Covid-19 Measures

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World Casino News

China detected 37,000 cross-border gambling cases in 2022

According to our source, the Ministry of Public Security of China informed in the Thursday statement that the Police on the Chinese mainland detected more than 37000 cases of alleged "cross-border gambling" in 2022. The statement did not include information about the number of cases of actual or attempted gambling at land-based casinos against…

Incidents ・ 31 December 2022

Seeking Alpha

Macau Casinos: Time To Place Your Bets

It used to be the world's biggest. It was so massive, and the second place was much so smaller in comparison that we can't even call them peer competitors. The gambling revenue of Macau was six times that of Las Vegas as of 2019. Then, COVID-19 happened, and Macau's gambling revenue fell nearly 80% over the next 2 years. Today, Macau's pandemic…

Travel ・ 03 October 2022

Barron's

Macau Casino Stocks Surge On Mainland Travel Hopes

Casino stocks soared in Macau on Monday after authorities announced plans to gradually welcome back tour groups from the Chinese mainland, the demographic that makes up the vast majority of punters. Macau is the only place in China where casinos are legal and the former Portuguese colony used to dwarf Las Vegas for the scale of bets placed each…

Travel ・ 26 September 2022

Proactive

Casino Stocks, Oil Prices Tumble On China Lockdowns

Oil futures and casino stocks sank Monday on fresh Covid-19 news out of China. Natural gas prices bolted on the scheduled shutdown of the Nord Stream pipeline, cutting Russia's gas supply to Germany, amid already sky-high demand and tight supply. On Monday morning, Macau - an administrative region in China and the world's largest gambling hub -…

Covid ・ 11 July 2022

Wild Casino

$5,000 Welcome Bonus

Deposit bonuses are optional and must be requested by the player when making a deposit. For example, use Promo Code WILD1 to a 100% Casino bonus. Your bonus request will be assessed and, if your account is eligible for the bonus, it will be added to your account immediately.

Forbes

Hong Kong Casino Stocks Slide As Macau Clamps Down On Covid Spread With Fresh Lockdown

Major Hong Kong-listed gambling stocks slumped heavily on Monday after the city of Macau shut down all of its casinos and ordered its residents to stay at home for a week, as local officials attempt to halt an ongoing Covid outbreak and closely align the city's pandemic measures with mainland China's zero-Covid policy. In afternoon trading on…

Covid ・ 11 July 2022

High Stakes

Macau Casinos Will be Indebted to the Tune of $25 Bi...

The net debt of six casinos in Macau is expected to reach $25 billion by the end of the year and rise to $27 billion by 2024. Since the COVID -forced lockdown peaked, China's strict travel bans have hampered Macau's economic recovery, resulting in challenging times for several firms. Morgan Stanley's projections came up with $25 billion, noting a…

Covid ・ 22 June 2022

Reuters

Macau shuts most businesses amid COVID outbreak, casinos stay open

HONG KONG, June 20 (Reuters) - The world's biggest gambling hub Macau began its second day of mass COVID-19 testing on Monday after dozens of locally transmitted cases were discovered over the weekend, with most businesses shut but casinos remaining open. The testing of Macau's roughly 600000 residents is expected to end on Tuesday as the…

Covid ・ 20 June 2022

Vegas Slots Online

Six Macau Casinos Facing $25bn Debt by the End of 2022

Six Macau casinos are looking at $25bn in combined debt if China's travel restrictions aren't eased. [Image: Shutterstock.com] Six casinos in Macau are facing $25bn net debt by the end of the year and $27bn by 2024. China's stringent travel restrictions have slowed Macau's economic recovery since the height of the COVID-induced lockdown, leading to…

Covid ・ 24 May 2022

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Asia Times

Policy changes make Macau’s casinos a risky bet

Casino operators in Macau, once the world's largest gambling center, are facing serious challenges due to Beijing's decisions to tighten travel rules and clamp down on junkets. Macau's Court of Final Appeal on Monday ruled that operators and junkets organizers were jointly liable for client deposits in nine cases filed by VIP gamblers, who demanded…

Covid ・ 18 May 2022

Vegas Slots Online

Why Are Macau Casinos Struggling in Pandemic Recovery?

Commenting in August 2020, analysts from investment bank JP Morgan predicted that the Macau gambling market would begin its road to recovery from the COVID-19 pandemic in mid-August that year. They estimated that casinos would recuperate 2019 levels of gross gaming revenue (GGR) by Q32021, pointing to the easing of travel restrictions and an…

Covid ・ 03 April 2022

Vegas Slots Online

Macau Casino Shares Fall as COVID-19 Ravages China

Shares for three of Macau's major casino operators fell an average of 9.4% with the introduction of new quarantine rules for travelers from mainland China. [Image: Shutterstock.com] Shares for three of Macau's six casino giants have plummeted an average of 9.4% after the Hong Kong government applied tighter quarantine rules for travelers in…

Covid ・ 14 March 2022

Casino Guru

Macau's casinos still have difficulty recovering from COVID-19 as revenue stays in a slump

According to a Monday note from Sanford C. Bernstein Ltd., Macau's gross gaming revenue (GGR) for the first 20 days of February was only 35% of that in February 2019. This period includes the Chinese New Year (CNY) holiday, which had seen a significant uptick in activity. In 2019, the CNY was on February 5. It was a busy time for Macau's casinos.…

Covid ・ 22 February 2022

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Yogonet

Macau casino revenue hits 2021 low, direct investment slumps in 2020

Casinos in the Chinese enclave have seen their worst month of the year in October, amid pandemic-related restrictions and a gambling rules review. Revenue dropped 40% YoY, and also fell 26% from the previous month, down 83% against pre-pandemic 2019. Direct investment in Macau's gaming sector declined by 30% in 2020 versus 2019. Casinos in Macau…

Finance ・ 15 January 2022

Forbes

Why Macau’s Casinos Are Still The Best Bet For Wynn And Las Vegas Sands

B efore the pandemic, Macau was the world's most lucrative gaming market in the world. But after nearly two years of outbreaks and lockdowns, which largely closed the borders of the autonomous region belonging to China to visitors, gambling revenues for the last 10 months are still down 70% compared to pre-pandemic levels. Macau casino stocks are…

Covid ・ 01 December 2021

Vegas Slots Online

Macau Monthly Casino Revenue Fell to Year Low in October

Macau's monthly gross gaming revenue hit a record low for 2021 in October as the region continued to deal with the impact of COVID-19 restrictions. Gross gaming revenue fell almost 29% month-on-month to around MOP4.37bn ($544.7m). a 40% year-on-year drop in October revenue Figures released by the Macau Gaming Inspection and Coordination Bureau on…

Finance ・ 01 November 2021

Vegas Slots Online

Macau Casinos Start COVID Testing, Vaccination Measures

Macau has seen an increase in COVID-19 cases since the end of September, and its casino operators have now introduced vaccination proof and testing measures for employees. [Image: Shutterstock.com] After maintaining an impressively low rate of infections since the beginning of the pandemic, the Asian gambling hub of Macau has experienced a rise in…

Covid ・ 15 October 2021

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Vegas Slots Online

Global Gambling Meccas Post Latest Gaming Revenue Data

Casinos in the global gambling hubs of Las Vegas and Macau are continuing their recovery from the COVID-19 pandemic with different levels of success. [Image: Shutterstock.com] Players from all over the world regularly flock to the internationally renowned gambling hubs of Las Vegas and Macau. Despite their notoriety, the two markets struggled…

Finance ・ 04 October 2021

Real Money

Macau's Casino Stocks, Near Record Lows, Face Specter of Tough License Reviews

Macau's casino stocks are at or near all-time lows after a savaging this week, but it isn't the time to be buying them just yet. You need to be an exceptionally brave speculator willing to play a little Chinese roulette. There's too much uncertainty to be able to derive any sensible value in these names. The spark for this latest selling is a…

Finance ・ 17 September 2021

GGRAsia

Macau casino GGR down 37pct m-o-m in June: govt

Macau casino gross gaming revenue (GGR) declined by 37.4 percent sequentially in June, to MOP6.54 billion (US$817.7 million) compared to MOP10.45 billion in May. Judged year-on-year, June GGR was up 812.5 percent, according to data issued on Thursday by the city's casino regulator, the Gaming Inspection and Coordination Bureau, a body also known as…

Covid ・ 12 September 2021

Mint

Covid-19 has China’s gambling hub on a long losing streak

Business remains muted in the once-bustling casinos of Macau more than a year and a half into the Covid-19 pandemic, while gambling operators wait for tourists to return en masse to the Chinese city. In August, gross gambling revenue in Macau slumped to the equivalent of $554 million, its lowest monthly total this year and a far cry from the $3…

Covid ・ 01 September 2021

GGRAsia

Macau casino GGR rose 1pct m-o-m in April: govt

Macau casino gross gaming revenue (GGR) rose by 1.1 percent sequentially in April, to MOP8.40 billion (US$1.05 billion), compared to just under MOP8.31 billion in March. April GGR was up 1014.4 percent from a year earlier, according to data issued on Saturday by the city's casino regulator, the Gaming Inspection and Coordination Bureau, a body also…

Covid ・ 13 August 2021

Vegas Slots Online

Macau Casinos See First GGR Rise Since September 2019

After a difficult 2020 impacted by the effects of the COVID-19 pandemic, Macau casinos saw gross gaming revenue (GGR) increase for the first time since 2019 last month. Macau gaming revenue totaled MOP 7.31bn ($915.3m) for the month of February According to data released by Macau's Gaming Inspection and Coordination Bureau (DICJ), Macau gaming…

New Year ・ 31 July 2021

Tope 10 Casino Websites

Chinese Citizens Who Have Gambled Cross-Border Asked To Surrender

February 8, 2021February 8, 2021Carolyn Dutton China made it clear earlier this year that it was going to come down hard on organizations and individuals that encouraged cross-border gambling. Beijing made changes to its criminal laws making it illegal for anyone to assist Chinese residents in cross-border gambling. The new law comes into play from…

Covid ・ 08 February 2021

Card Player

Macau Casinos Win Just $49 Million From Gamblers In July

Macau casinos collectively just had their worst month ever on the books. According to figures from the local government in the special administrative region of China, Macau casino win was $49 million in July, the worst performance ever over a single month. Macau began casino gambling reporting in 2009. The $49 million haul in July was down 98%…

Covid ・ 11 August 2022