Macau | South China Morning Post
  • Sat
  • Apr 18, 2015
  • Updated: 2:53pm

Macau

Macau, a former Portuguese colony, made US$44 billion (HK$341.3 billion) in gambling revenues in 2014. It is the only place where people can legally gamble at casinos in China.

Macau pledges to support Beijing's crackdown on graft

Macau pledges to support Beijing's crackdown on graft

Graft-busters in Macau have pledged to support Beijing's corruption crackdown and its hunt for suspects at large, after a senior mainland official issued a stern call last week for cooperation.

Wednesday, 15 April, 2015, 2:00pm

Macau chief must deliver on vision

Macau chief Fernando Chui must deliver on vision

Macau citizens can look forward to some positive change following the chief executive's first policy address of his second term.

26 Mar 2015 - 10:05am

'You are being watched', Beijing warns officials who fancy a flutter in Macau

You are being watched: Identity checks are now carried out on every person who gambles in casino VIP rooms. Photo: Bloomberg

Beijing's top man on Macau affairs has issued a "you are being watched" warning to mainland officials who still fancy taking a chance at the city's casino tables.

11 Mar 2015 - 5:33pm

Macau February casino revenue halves on lacklustre Lunar New Year

Tourists throng the front of Macau's iconic Casino Lisboa just before last month's Lunar New Year. Photo: Reuters

February casino revenue in Macau halved from a year ago, the biggest drop on record and the ninth straight month of decline, despite the Lunar New Year holiday.

17 Apr 2015 - 4:01pm 4 comments

Macau casino stocks fall on plan to curb mainland Chinese visitors

Macau's casino revenue slumped last month for the eighth consecutive month in the longest losing streak on record. Photo: Dickson Lee

Wynn Macau led declines in casino shares on Tuesday after a senior Macau official said the city wanted to study restrictions on mainland Chinese tourists to ease overcrowding.

25 Feb 2015 - 6:00am

Melco Crown quarterly profit plunges 58pc

The Macau government reported its first decline in gaming revenues in more than a decade last month. Photo: EPA

Melco Crown Entertainment’s net profit plunged 58 per cent to US$92.9 million in the fourth quarter of last year, underscoring the rising pressure on Macau casino operators as gaming revenues slide.

17 Apr 2015 - 4:01pm 1 comment

Venetian Macao overcomes ‘technical issues’ to launch David Beckham campaign

Venetian Macao overcomes ‘technical issues’ to launch David Beckham campaign

A day after Macau’s biggest casino operator put the brakes on major advertising campaign featuring David Beckham, a glitzy video starring the global superstar was leaked on the internet.

17 Apr 2015 - 4:01pm 1 comment

Wynn Macau's revenue drops 32 per cent; Wynn Palace project suffers delays

Wynn Macau's weak results follow a report by the Macau government that estimated the city’s gross gaming revenue last year fell 2.6 per cent from the previous year. Photo: Bloomberg

The opening of Wynn Macau’s Cotai project Wynn Palace will be delayed due to construction permits, the second casino resort in Macau to have its launched date pushed back, as the firm posted a 32 per cent decline in revenue in the fourth quarter, dragging down earnings at Las Vegas, Nevada-based parent Wynn Resorts.

5 Feb 2015 - 6:09pm

Macau’s gaming revenue slumps for eighth straight month

The Macau government will submit a bill to the legislative council proposing a full smoking ban in casinos, which may deal another blow to the gaming industry. Photo: Dickson Lee

Gaming revenue in Macau fell for the eighth straight month in January, by 17.4 per cent from a year ago to 23,748 million patacas.

17 Apr 2015 - 4:01pm 1 comment

Launch of Sands Parisian in Macau delayed to 2016 – Sheldon Adelson

A waterfall awaits shoppers at a resort operated by Sands China in Macau. The firm announced the launch of The Parisian in the territory has been delayed to 2016. Photo: Bloomberg

Macau casino operator Sands China’s new resort The Parisian will not be launched until next year, gambling tycoon Sheldon Adelson said as the company announced its fourth quarter adjusted EBITDA slid 14.9 per cent from a year ago to of US$711.2 million.

29 Jan 2015 - 6:03pm

Adelson to take helm at Sands China, Galaxy unveils new Macau casino complexes

Adelson takes the helm. Photo: AP

Sheldon Adelson, the 81-year-old billionaire chairman and founder of casino operator Las Vegas Sands will take over as chief executive for its Macau subsidiary Sands China following the retirement of Edward Tracy.

23 Jan 2015 - 4:05pm 1 comment

Macau ranked top city in world for economic performance; Hong Kong ranks 242

Macau has enjoyed a tourism boom, with gamblers coming to bet at more than 30 casinos. Photo: Bloomberg

Macau outperformed the rest of the world’s major cities economically last year, according to a report released today.

22 Jan 2015 - 5:06pm 9 comments

Macau tourist arrivals up 7.5 per cent amid fall in gambling revenue

Some 21 million mainlanders visited Macau last year - a 14.1 per cent increase on 2013. Photo: Bloomberg

Macau is attracting more visitors, although fewer gamblers are placing their bets in the troubled casino capital.

22 Jan 2015 - 2:09pm

Louis XIII Holdings raises HK$2.1 billion for Macau luxury hotel project

Hotels line up in Macau where Louis XIII Holdings raised HK$2.1 billion to finance construction of a luxury hotel complex in Macau. Photo:  Bloomberg

Louis XIII Holdings has raised HK$2.1 billion from a private share placement and an issuance of convertible bonds at HK$3 apiece to finance a luxury hotel in Macau, the company said on Monday.

19 Jan 2015 - 12:45pm

Planned Hong Kong-Macau extradition pact may cover current fugitives

Hong Kong tycoons Joseph Lau Luen-hung (left) and Steven Lo Kit-sing were convicted in Macau. Photos: Edward Wong, Felix Wong

An upcoming extradition treaty between Hong Kong and Macau may apply to cases predating the agreement even if no specific retroactive clause is written into it, the South China Morning Post has learned.

19 Jan 2015 - 8:03am 1 comment

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