Since the legalization of gambling in Macau in 1847, this city on the southern coast has evolved from local gambling houses to a monopoly franchise, and then to the influx of international capital. The newly revised "Gaming Law" of 2022 sets a limit of six gaming licenses, abolishes the sub-license
Preface: Unveiling the Hidden Engine of a CityMacau, a tiny speck of land on the coast of the South China Sea, has created the most astonishing gambling revenue records in the world. It is not only a pilgrimage site for Asian gamblers but also a profit engine built on probabilities, psychology, and
All 11 satellite casinos in Macau will cease operations by December 31, 2025. This decision was jointly announced by SJM Holdings, Melco International, and Galaxy Entertainment, the three major gaming operators, affecting approximately 5,600 local employees, of whom about 4,800 are directly employed
Macau's gambling industry welcomes a historic moment. The Macau Special Administrative Region Government Gazette announced that the former Director of the Administrative Public Positions Bureau, Wu Huixian, has officially taken office as the Director of the Gaming Inspection and Coordination Bureau
Macau's gross gaming revenue for the first quarter of 2025 did not meet the expected targets, and the government plans to strengthen industry diversification and investment guidanceThe Director of Economy and Finance of Macau, Dai Jianye, stated in the Legislative Assembly meeting on Wednesday that
Thailand is quietly rising as the new star of the Asian gambling industry. According to the latest report by Maybank Kim Eng (Thailand), the EBITDA profit margin of Thai casino resorts is expected to reach 34%-49%, potentially surpassing Macau and Singapore to become the top in Asia.This significant
Macau Chief Executive Ho Iat Seng warned that if monthly gaming tax revenue falls below 15 billion Macau patacas, it could lead to a fiscal deficit, and emphasized the urgent need to reconsider Macau's tax structure.In his policy address, He Hui pointed out that the current fiscal model is overly de
J.P. Morgan's latest report issues a warning for Macau's gaming industry, suggesting that the market's growth expectations for 2025-2026 are overly optimistic and urgently need to readjust their forecast models. The investment bank pointed out in its industry analysis report released on Tuesday that
Escalation of Sino-US Rivalry, Macau's Gambling Industry May Become a New BattlefieldThe Sino-US trade friction continues to escalate, with confrontations in tariffs, technology, and finance becoming increasingly intense. Recent news indicates that Beijing might adopt stricter countermeasures, inclu
As a model of the global gambling regulatory system, the Macao Special Administrative Region has established an online gambling management framework known as "copper walls and iron barriers" through a "law-technology-ethics" trinity regulatory network. Its regulatory system not only reflects strateg
Asia Pioneer Entertainment (APE) has turned a profit for the first time since the outbreak of the pandemic, mainly due to improved demand in Macau casinos.The company reported a net profit of HK$3.8 million for the fiscal year 2024, a significant improvement from a loss of HK$1.9 million in 2023. Re
According to the latest list published by the Macau Official Gazette, this year 26 gaming machine manufacturers or distributors have been approved to supply gaming machines in Macau, one more than in 2024.This year's list includes a number of well-known companies that have been operating in Macau fo
Ximihua was sentenced to 18 years in prison, and over 60 reception vehicles filled the parking lot, with luxury cars left idle for more than 2 years. Speaking of Ximihua, everyone is familiar with him. Ximihua, originally named Zhou Zhuohua, was born in 1974 and is 50 years old this year.In Novembe
