Macau casinos did reopen over the weekend, but there were no players beating down the doors. In fact, with the exception of those who work and live there, almost no one is visiting the city built for gambling. Travel restrictions from the Chinese government have the city on lock down. All of this comes from the latest (and greatest) outbreak of Coronavirus in the country. Beijing has a “zero Covid” policy in place, meaning that restrictions are harsh, and punishments for violating them are serious. Is it any wonder that the city is void of visitors? Even though Macau casinos…

Professor I. Nelson Rose, Gambling and the Law How do you know Macau casinos are in trouble economically? Well, if a major news source says there is a “silver lining” in being shut down that may be an indication. And that’s what the Asia Gaming Brief  did then they published an article titled “Macau Casino Closures Provide Some Relief from Cash Burn.” Now, casinos in Macau have so few gamblers, in fact, so little revenue of any kind, that the government finally ordering them completely closed is a small blessing.  At least this way, the casinos do not have to…

On July 11th, the Chines shut down all casinos for the first time since the first Coronavirus outbreak. Now, Macau casino giants are standing dark as the worst outbreak of the virus to hit the city spreads. People have been ordered to stay home, venturing out only for essential services. Police are monitoring the people who do wander out, and serious punishment awaits anyone who disobeys the government. With over 30 Macau casinos shuttered, these recent events have sent stocks of gambling companies falling… all as authorities struggle to contain the worst Coronavirus outbreak yet in the world’s biggest gambling…

Macau casinos in the city on the southeast coast of China are the Asian version of Venice, complete with a Grand Canal and a Rialto Bridge. Soon, it will get a taste of France, with an Eiffel Tower and a giant resort modeled on the Palace of Versailles, as part of a building boom that has brought dozens of cranes to a stretch of reclaimed land here. Macau has grown explosively over the last decade, and another burst of expansion is in full swing as some of the world’s biggest casino operators step up their bet on China’s love for…

Galaxy Entertainment Group and Melco Crown Entertainment look best placed to benefit from the next phase of Macau Casinos development as the world’s gambling capital adds eight more mega-casinos by 2017. The expansion will take place in the Chinese territory’s glitzy Cotai Strip and is expected to more than double Macau’s annual gaming revenues to $115 billion in four years, according to research from U.S. brokerage Wells Fargo. Cotai is an area of reclaimed land that is becoming a Las Vegas-style tourist hub with shopping centers, hotels and entertainment to complement the casinos. U.S. billionaire Sheldon Adelson’s Las Vegas Sands…

OnlinePoker.net – The Chinese gambling resort of Macau has recorded its second-highest ever monthly gaming revenue total, after collecting $3.8 billion from gamblers during August, up 18% from the same month in 2012. Last month’s figure was trumped only by the $3.92 billion that the resort’s casinos generated in March, this year. So far for the first eight months of 2013, Macau’s gambling revenues are now up by 16% over the same period in 2012, and are expected to grow by 17% overall relative to the record $38 billion generated for the whole of 2012. “We believe Macau fundamentals remain…