Gaming operators on the outer as Macau government launches US$1.7 billion stimulus package
The Macau SAR government announced on Wednesday a new MOP$13.6 billion (US$1.7 billion) fund for local residents, enterprises and employees, however gaming operators are excluded. Authorities have determined to increase efforts to drive the Macau economy during the COVID-19 pandemic...
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IAG holds successful GAME Zero online industry event as new solutions platform warms up for official “hard launch”
Inside Asian Gaming hosted its very first GAME online industry event, GAME Zero, on Wednesday night in what proved to be a highly successful debut run of IAG’s brand new online innovation and solutions platform. First announced two weeks ago, GAME...
Wynn Macau Ltd draws down US$50 million from revolving credit facility, flags 44% revenue decline in 1Q20
Wynn Macau Ltd’s operating properties have drawn down US$50 million from an available US$74 million under their revolving credit facility since the start of the month as they look to shore up cash reserves in the face of the COVID-19...
MGTO reveals MOP$50 million spend on Macau’s designated quarantine hotels
The Macau government has already spent MOP$50 million (US$6.3 million) on the use of 12 hotels designated as quarantine venues for people entering or returning to Macau since the start of the COVID-19 outbreak. Director of the Macao Government Tourism...
Dark days
The global outbreak of COVID-19 has seen the gaming industry grind to a halt with little indication of when a recovery might begin, even as all eyes turn to Macau – one of the few jurisdictions in which casinos continue...
GAME changer
IAG has responded to the changing face of the global gaming industry by launching a new online innovation and solutions platform to bring the industry back together. Inside Asian Gaming has announced the launch of a brand new online innovation...
Macau gaming sector sees 58.7% decline in Suspicious Transaction Reports in 1Q20
The number of Suspicious Transaction Reports (STRs) issued by Macau’s casino operators fell 58.7% through the first three months of 2020, according to statistics from the Financial Intelligence Office. STRs from games of fortune numbered 356 between 1 January and...
Analysts: Macau GGR down 87% year-on-year over first days of April
Macau’s gross gaming revenue is estimated to be running at around MOP$500 million, or MOP$100 million per day, over the first five days of April, down around 87% year-on-year. According to Bernstein analysts Vitaly Umansky, Eunice Lee and Kelsey Zhu,...
