Gambling in Macau

Macau gambling revenue jumps 21 per cent from year earlier

The Macau Grand Prix drew more visitors to the gambling hub last month. Photo: AFP

Gambling revenue in Macau jumped 21.3 per cent year on year last month after events including an international boxing match and the annual Grand Prix motor race led to an increase in high-spending visitors.

Monday, 2 December, 2013, 2:39pm

Taiwan probes illegal money transfer for Macau casinos

Taiwanese prosecutors are investigating a locally-based Hong Kong firm for money transfers for use in Macau casinos, circumventing strict forex rules. Photo: AFP

Taiwanese prosecutors said on Thursday they were investigating a locally-based Hong Kong firm for allegedly carrying out huge money transfers for use in Macau casinos, circumventing strict forex rules.

10 Jan 2013 - 5:14pm

Briefs, December 4, 2012

New flats to reach 74pc of target, says Ricacorp

4 Dec 2012 - 4:35am

Gamblers will keep pouring into Macau, experts say

Macau's VIP business fell in the second half of 2012, but experts believe it will bounce back. Photo: AFP

Industry insiders are betting that the central government's new leaders will step up efforts to cut Macau's reliance on gambling for income, but that mainlanders will keep pouring in. They also doubt that the weekend release of the former Portuguese enclave's most notorious gangster will roil the outlook.

3 Dec 2012 - 4:26am

Broken Tooth a living reminder of Macau’s vicious past

Wan Kuok-koi on his way to court in Macau in 1998. Photo: SCMP Pictures

The release from jail next month of a triad boss known as Broken Tooth is fuelling speculation that the Chinese gambling playground of Macau could be on the verge of a return to the vicious gang violence of its colonial past.

26 Nov 2012 - 1:19pm

Forget handouts, Macau needs social spending and diversification

A quarter of Macau's population works in the gaming and hotel industry, which accounts for more than half of GDP. Photo: SCMP

Macau's residents have become used to the government's giveaways that line their pockets with cash and reduce taxes. The huge budget surpluses from gaming tax revenue make for an embarrassment of riches that next year will amount to about 9.8 billion patacas in subsidies, leading to the biggest handouts since 2008.

21 Nov 2012 - 2:55am 2 comments

Letters to the Editor, November 9, 2012

Plight of Rohingya Muslims cannot be ignored. Photo: AFP

Turn this tide of gambling addiction

More casinos are opening up in Macau. It has evolved over a few decades from being a small colonial city to a major centre of gambling.

The main reason these casinos have decided to launch operations there is because they want to benefit from China having the world's second largest economy.

9 Nov 2012 - 3:13am 3 comments

Mainland gamblers, new casino underpin solid profit rise at Galaxy

 SCMP file photo: Sam Tsang

Macau casino operator Galaxy Entertainment, posted a forecast-beating nine-fold rise in half-year net profit, boosted by a new casino and a steady flow of Chinese visitors keen to try their luck in the world’s largest gambling destination.

27 Aug 2012 - 5:08pm

Casino ban seen as raw deal for young

A law banning under-21s from casinos in Macau has stirred a fierce debate among academics and workers' associations in the city.

The new rule, which takes effect in November, is designed to reduce problem gambling.

It is also seen as an attempt to close off the gambling industry to young workers and diversify the city's fast-growing economy.

15 Aug 2012 - 11:30pm

Services aimed at helping gambling addicts are underfunded

Last month, the case of a Hong Kong mother who had left her young son at home while she went to Macau to gamble was widely reported. Shocking as it may have appeared to readers, it is not the first time such a case has been before the courts.

A Chinese University survey in 2006 found that many people's first encounter with gambling is through the casino.

14 Aug 2012 - 1:31am

A wake-up call for Macau to diversify

Macau needs law and order in its gaming industry, and not just because a recent outbreak of murderous violence has made it jittery, as we report today.

29 Jul 2012 - 12:00am

Macau's bet on non-gaming revenues slow to pay off

It's dead on a spring afternoon at the Macao Museum of Art, where a handful of visitors peruse a collection of porcelain objects normally kept behind closed doors in Beijing's Forbidden City.

29 Jun 2012 - 12:00am

Betting syndicates move over the border

Cross-border soccer betting syndicates have set up gambling websites that operate from mainland bases in an attempt to avoid detection.

Police say one website, run by the Wo Shing Wo triad society, was among several established recently before the Euro 2012 soccer tournament began yesterday.

9 Jun 2012 - 12:00am

Galaxy Macau casino bets reap big payout

Galaxy Entertainment has kicked off work on the extension of its Cotai Strip casino resort in Macau with expectations the 2,200-room property, which opened in May last year, will return its investment in less than four years.

That will make it one of the highest-margin casinos in the world.

16 Mar 2012 - 12:00am

Gaming monitor's motives queried

A new US-based website which promises to expose what it claims are 'dangerously weak' regulatory curbs on the influence of organised crime in Macau casinos has provoked an angry response from the city's gaming regulators, who accuse it of having 'questionable motives'.

11 Mar 2012 - 12:00am

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