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Dividend 25

 mar26 Wynn Macau casino operator Wynn Macau Ltd announced on Friday a final dividend of HKD0.223 (US$0.028) per share for the year ended December 31, 2025. That compared with a final dividend of HKD0.185 per share paid for full-year 2024. The firm said it expects to pay the 2025 dividend – which is subject to shareholders’ approval – on June 16, according to a filing to the Hong Kong Stock Exchange. Wynn Macau Ltd operates the Wynn Palace resort on Cotai, and also runs the Wynn Macau resort (pictured) on the city’s peninsula. The company is a unit of U.S.-based casino developer Wynn Resorts Ltd. In September, Wynn Macau Ltd  paid a dividend  of HKD0.185 per share – amounting to HKD972.5 million in aggregate – in respect of the six months to June 30, 2025. The Macau unit reported a net profit attributable to its owners of nearly HKD1.63 billion for full-year 2025, compared to a HKD3.20-billion profit in 2024. That was on operating revenues of about HKD28.99 billion, up 0....

Sands China ‘ended’ special two-tier bonus for baccarat side bet wagers (SIDE BETS)

 mar26 Macau casino operator Sands China Ltd “ended” from “March 16” (Monday)  its special two-tier bonus  for live-baccarat wagers on the side bet combinations ‘Lucky 6’ and ‘Lucky 7’ at all its premium and mass-market gaming floors across the city. That is according to tableside customer notices in Chinese, viewed onsite on Wednesday by GGRAsia. The notices invited customers to “look forward” to “exciting.. new offers”, but didn’t elaborate. GGRAsia has approached Sands China for comment and further information on the new offers. GGRAsia visited on Wednesday the main casino floors of The Venetian Macao, The Plaza, The Parisian Macao, and The Londoner Macao, in the Cotai district, to confirm the withdrawal. The step also applies to live-baccarat wagers at Sands Macao on the city’s peninsula. The two-tier bonus, branded “Sands Baccarat Bonus”, had been first seen across Sands China’s high-limit and premium gaming venues in the Cotai casino district from mid-July. Players ...

Estudo: Reformas legais transformaram o sector do jogo

 Mar26 https://www.plataformamedia.com/2026/03/17/estudo-reformas-legais-em-macau-transformaram-setor-do-jogo/ https://agbrief.com/intel/deep-dive/18/03/2026/macau-gaming-reforms-align-with-china-strategy-shift-focus-from-revenue-to-governance-study/

Macau gaming regulator reports 22 investigations into casino operator violations

 mar26 Macau’s gaming regulator has opened 22 administrative infraction cases against casino operators since the city’s revised  gaming law  came into force in 2022. The figures are   according to a written reply from the Gaming Inspection and Coordination Bureau ( DICJ ) to legislator José Maria Pereira Coutinho. In response to the legislative inquiry, the regulator said the cases were launched to investigate suspected violations by concessionaires under the updated legal framework governing casino gaming operations. Of the 22 cases, five resulted in penalties, 10 were closed due to insufficient evidence, and seven remain under investigation, the bureau stated. However, the DICJ did not disclose the types of violations involved or the total amount of fines imposed. The figures were disclosed after Legislator Coutinho asked the government to clarify how the administrative penalty system introduced under the revised gaming law has been implemented and whether enforcem...

Macau gaming regulator to adjust scope of operators’ non-gaming investments

 mar26 Macau’s gaming regulator said it will fine-tune the scope of non-gaming investments by casino operators this year, aiming to better align such projects with the city’s economic diversification goals. In a written response to legislator Si Ka Lon, the Gaming Inspection and Coordination Bureau ( DICJ ) said the Macau SAR government plans to guide gaming concessionaires to concentrate resources on initiatives that generate economic and social benefits while enhancing Macau’s international image. ‘After reviewing past non-gaming investment performance, the government will strengthen guidance for concessionaires to focus resources on projects with economic and social value and those that help enhance Macau’s brand image,’ the regulator said. As a result, ‘the scope of non-gaming investment will be fine-tuned.’ However, the bureau emphasized that the approval standards for non-gaming projects will remain unchanged, noting that investments must continue to support Macau’s developme...

“Casino regulatory policy is systematically wrong”

 mar26 Economist Andrew Russel challenges the oversimplified economic view of casinos as “polluting factories”, highlighting their utilitarian and transactional functions to redefine the economic framework they should live in. Speaking at the  Regulating the Game 2026 conference in Sydney , Russell argued that replacing the “casinos as polluting factories” analogy with a framework rooted in New Institutional Economics (NIE) is the only way to modernize a regulatory landscape that currently serves government interests far more than the public or the industry. The traditional factory model rests on the idea of mass production and economies of scale. Factories exist to lower production costs. If casinos were truly “gambling factories”, Russell points out, several daily operational realities would make no sense. https://agbrief.com/news/world/10/03/2026/casino-regulatory-policy-is-systematically-wrong-redefining-casinos-economic-purpose/?utm_source=Asia%20Gaming%20Brief&utm_ca...

SJM II (mar26)

 mar26 Daisy Ho buys US$3mln worth of casino group SJM’s US$540mln senior unsecured notes https://www.ggrasia.com/daisy-ho-buys-us3mln-worth-of-casino-group-sjms-us540mln-senior-unsecured-notes?utm_source=rss&utm_medium=rss&utm_campaign=daisy-ho-buys-us3mln-worth-of-casino-group-sjms-us540mln-senior-unsecured-notes mar26 SJM’s liquidity ‘adequate’ despite ‘weak’ 2025 results: Lucror https://www.ggrasia.com/sjms-liquidity-adequate-despite-weak-2025-results-lucror?utm_source=rss&utm_medium=rss&utm_campaign=sjms-liquidity-adequate-despite-weak-2025-results-lucror mar26 The risk of Macau concessionaire SJM Holdings not resuming dividend payments by 2027 has grown given the company’s need to focus its energies on deleveraging, according to investment group CLSA. In a Tuesday note, CLSA’s Jeffrey Kiang said SJM still had “some way to go” on the road to deleveraging, which should command a higher priority in capital allocation in 2026 and 2027. As such, “the risks of SJM n...