Asian News

  • Jockeying for position

    By Casino International on March 1, 2017
    With Japan having approved the Integrated Resort Promotion Bill in December 2016, all eyes are now turned to the next steps Japan’s Diet will take towards the implementation of the bill itself – and Macau casino operators are lobbying heavily. Meanwhile, Japanese business in Macau – both gaming and tourism-related – has been increasingly more evident in the city, building upon Macau-Japan co-operation in the casino business sphere. Or so it seems..
  • A waiting game

    By Casino International on July 1, 2016
    Although the interim report of the gaming industry does not tackle any key issues, it is highly anticipated that the city’s six gaming operators will have their licences renewed, while questions on the number of gaming licences and tax remain unanswered
  • Diversity the end game

    By Casino International on June 1, 2016
    Anyone thinking that there will be an equal distribution of tables is wrong. The government will do its maths and see who deserves more tables. Among others, investing in non-gaming areas and partnerships with local companies are advantage points. In an exclusive interview with Project Asia Corp., publisher of Macau Business, Business Daily and other titles, the Secretary for Economy and Finance, Lionel Leong, reveals that financial leasing may be one way to diversify and that conferences are now a priority in the MICE sector.
  • Bargaining chips

    By Casino International on May 27, 2016
    While the government is tightening its grip on the junket operators, they hope to get something in exchange. On his first day in the office in December the new chief of Macau’s casino regulator, supervising the market that saw its size shrink by more than one-third in the past year, said his foremost job is to strengthen the regulation of […]
  • Macau government gives bleak outlook for 2016

    By Casino International on December 21, 2015
    Top gaming news and analysis web site asks the big questions – and brings the big answers. Casino business in Macau has been devastated by Chinese President Xi Jingping’s campaign against corruption and luxury spending, causing revenues to shrink at VIP tables. New resorts planned for the enclave will try to save the sinking ship, but the local government […]
  • Bad but could have been worse

    By Casino International on November 16, 2015
    In August, gaming revenue amounted to MOP18.62 bln, which was better than the MOP17.9 bln market consensus. Strong headwinds, however, may buffet the industry in the coming months. Gaming revenues declined 35.5 per cent year-on-year in August to MOP18.62 billion (US$2.33 billion) from MOP28.88 billion (US$3.62 billion) a year ago, according to data released by the Gaming Inspection and Co-ordination […]
  • Mumbai casino decision to be made in six months

    By Casino International on November 13, 2015
    Bombay High Court recently directed the Maharashtra government to declare its position on legalising casinos in Mumbai within six months. After a university student discovered the Maharashtra Casinos Act that passed almost four decades ago, the government has been tasked to clarify its position on casinos. Approved by the legislative assembly in 1976, the Act supersedes the Bombay Prevention of […]
  • April Showers as gaming revenue falls

    By Casino International on September 16, 2015
    Gross gaming revenue take in April reached its lowest level since January 2011. But has the bottom been reached? The city’s casino industry revenue fell in April by the same magnitude as the month before. Analysts say April’s results could represent the bottom – or be a sign of the market’s consecutive 11-month plunge easing ahead of the opening of […]
  • VIP woes and myths

    By Casino International on May 1, 2015

    Despite their growing fortunes, VIP gamblers are spending less everywhere, not only in Macau, a Morgan Stanley report says. Junkets are also moving away because they get better commissions in other Asian markets, while competition from Australia and Korea is diverting high rollers although the figures are residual   

  • China’s Stunting of Macau’s Gambling Industry Leads to An Economic Downfall

    By Casino International on April 15, 2015

    Rewind to February 2014 and Macau's economy was booming. Spearheaded by the former-Portuguese colony’s dominating casino industry, Macau's gambling-centric economy had been steadily growing since 2009. Already a hotspot for jet-setting gamblers, Macau's appearance in James Bond blockbuster Skyfall had only seen the Chinese Special Administrative Zone’s standing as an international gambling mecca rise further