The King of Casinos is No More. Long Live the King.

The King of Casinos is No More. Long Live the King.

Posted by: on Jun 6, 2020 | No Comments

The “King of Gambling” and the “Godfather of Macau,” Stanley Ho, passed away on May 26, 2020, at the age of 98. Ho is credited with transforming the sleepy town of Macau into the most popular gambling destination in the world, ahead of even

A Booming Macau Casino Industry Contributing to Surge in US Stocks

A Booming Macau Casino Industry Contributing to Surge in US Stocks

Posted by: on Jul 22, 2019 | No Comments

The Chinese casino and gaming industry has seen tremendous growth and increasing popularity over the years. Macau already outpaced Las Vegas in terms of gaming revenue way back in 2010. It is the only destination in Greater China (which consists of China,

What Lies in Store for the Global Casino Industry in 2019?

What Lies in Store for the Global Casino Industry in 2019?

Posted by: on Jan 18, 2019 | No Comments

Revenues of the global casino market is predicted to rise to more than $525 billion by 2023, growing at a CAGR of about 4% during 2017-2023, according to the Gambling Market – Global Outlook and Forecast

The Recent Rollercoaster Ride of Macau’s Gaming Industry

The Recent Rollercoaster Ride of Macau’s Gaming Industry

Posted by: on Jun 25, 2018 | No Comments

Macau’s gaming industry has finally started gaining momentum, after two long years of struggle. China’s gambling hub had been a raging success story. In fact, it rapidly overtook Las Vegas to become the world’s most profitable gambling city

Continue to Bet on the Global Casino Industry: A Look at 2017 and Expectations for 2018

Continue to Bet on the Global Casino Industry: A Look at 2017 and Expectations for 2018

Posted by: on Jan 22, 2018 | No Comments

The global casino industry has staged continued growth for years, even in the face of adversity. Hiccups such as the 2008 housing crisis in the US, Europe’s debt crisis in 2010 and China’s financial crisis in 2017 have been offset

Macau’s Casino Industry is Set to Grow in 2018

Macau’s Casino Industry is Set to Grow in 2018

Posted by: on Nov 15, 2017 | No Comments

Following three successive years of decline, Macau’s casino industry is finally looking up, with a good chance of the industry returning to its pre-2014 levels. Revenues at casinos in Macau had begun to slump following President Xi Jinping

Macau: Has China’s Jewel in the Gown Faded?

Macau: Has China’s Jewel in the Gown Faded?

Posted by: on Aug 12, 2016 | No Comments

Las Vegas Sands, the first western casino to open in Macau after deregulation, has posted a decline of 17% or $1.44 billion in revenues from operations in Macau in the second quarter. The operating income has also shrunk by 18% year-on-year. The cumulative effect of these two downslides is that the casino operator is currently facing 32%

MGM Resorts International Delays Opening of New Macau Resort to 2017

MGM Resorts International Delays Opening of New Macau Resort to 2017

Posted by: on Mar 23, 2016 | No Comments

MGM Resorts International has decided to delay the opening of its new resort in the Cotai district of Macau, due to gloomy market conditions. Gross gambling revenues in Macau fell 34% in 2015, to a five-year low of $28.8 billion from a year ago,

Will Macau Steal Las Vegas’ Crown in 2016?

Will Macau Steal Las Vegas’ Crown in 2016?

Posted by: on Jan 13, 2016 | No Comments

Unfortunately, Santa forgot to visit Macau in 2015. The year didn’t start off too well for this gambling destination, seemed to get worse as it progressed and ended in disappointment, with revenue down 34% from the 2014 levels. So, which casino