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

Visa Restrictions from China Sharply Hit Macau’s Growth

Visa Restrictions from China Sharply Hit Macau’s Growth

Posted by: on May 6, 2015 | No Comments

Macau’s growth has been sharply hit as anti-corruption regulations in China, along with a ban on smoking in the Macau casinos and visa restrictions for gambling in Macau

Macau: New Chip off the Old Block

Macau: New Chip off the Old Block

Posted by: on Oct 17, 2014 | One Comment

The former Portuguese colony, set against the seas of south China, already has its own take on picturesque Venice, blended perfectly with the pomp and splendour of Las Vegas.

Best Casinos Around the Globe

Posted by: on Jun 18, 2014 | No Comments

Sheldon Adelson – The Man, The Entrepreneur

Sheldon Adelson – The Man, The Entrepreneur

Posted by: on Apr 4, 2014 | No Comments

With Forbes estimating his net worth as $39 billion in January 2014, Sheldon Adelson is undoubtedly the most successful entrepreneur the casino industry has ever seen. A college dropout, who went on to become a self-made multibillionaire, Adelson is also known for his philanthropic pursuits.

Stanley Ho – The Man Who Transforms Dreams into Reality

Stanley Ho – The Man Who Transforms Dreams into Reality

Posted by: on Jan 10, 2014 | 2 Comments

He is 91, and is called the casino mogul of Macau, an administrative region of the People’s Republic of China. Stanley Ho Hung-sun, the man who fought all odds, survived a family bankruptcy and war, now called as the richest person in Macau. It is estimated that, this university dropout now owns enterprises that employ almost one fourth of the workforce of Macau.