April 22, 2023

Macau Introduces New Legislation on Casino Credit and Junket Agreements

The Macau government has introduced a bill that, if approved, would replace an existing gaming credit law. The proposed bill specifically requires junket operators to establish formal contracts when extending credit to players. This is part of the government’s efforts to regulate and oversee the junket industry, potentially mitigating risks associated with illegal activities and […]

April 19, 2023

According to analysts, Macau’s casinos have exceeded US$1 billion in Earnings in the first quarter

Analysts estimate that Macau’s casinos have exceeded US$1 billion in cumulative Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the first quarter of 2023, marking the highest figure since the Covid-19 pandemic began in early 2020. The total Gross Gaming Revenue (GGR) for the first quarter of the year has reached MOP34.64 billion (US$4.29 […]