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Showing posts from April, 2025

Hold’em poker: revenue comeback in Macau in stages since 2023

 ab25 Gross gaming revenue (GGR) from Texas Hold’em poker in Macau during the first quarter this year reached MOP242 million (US$30.3 million), a quarterly best for the segment since the city’s casino regulator started publishing data on it in 2008. Such GGR was up 3.0 percent year-on-year on the MOP235 million recorded for the first three months of 2024, show data from the regulator, the Gaming Inspection and Coordination Bureau. Macau’s full-year 2024 Texas Hold’em poker GGR of MOP883 million had been a high since the city’s government started issuing figures for the category. Texas Hold’em poker has had mixed fortunes in Macau over the years. Its previous modern-era annual GGR record was MOP446 million in 2019. It fell back to MOP35 million in 2020, coinciding with travel restrictions associated with the Covid-19 pandemic. The game had seen a revenue comeback in Macau  in stages since 2023 . Industry commentators had remarked to GGRAsia at the time that while this segment w...

CRIME: llegal tour providers’

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 ab25 T he Macao Government Tourism Office (MGTO) said it is investigating several social media posts offering “private” tour services in Macau by unlicensed individuals or companies. In a reply to the Times, the office confirmed that it has “received complaints about tourism advertisements on social media platforms,” adding, “We have immediately assigned personnel to conduct relevant investigations.” In the same response, the office notes that it will also follow up and monitor all such situations, including “regularly dispatching personnel to relevant tourist attractions and border checkpoints for inspection and monitoring to strictly crack down on illegal activities that disrupt the order of the tourism market, including illegal tour guides, to maintain Macau’s image as a tourist city.” According to an investigation by the Times, several individuals have been offering paid tours of Macau through social media platforms, including transportation, site visits, and photo-taking serv...

CRIME: Organized crime in SE Asia expands beyond gambling

 abr25 Transnational organized crime networks in Southeast Asia have aggressively diversified their operations, expanding beyond unregulated — and often illegal — online gambling into various financial and cybercrimes, according to a new report released by the United Nations Office on Drugs and Crime ( UNODC ). https://agbrief.com/intel/deep-dive/21/04/2025/organized-crime-in-se-asia-expands-beyond-gambling-united-nations/?utm_source=Asia+Gaming+Brief&utm_campaign=407b19cd8b-AGB%3A+%2302125+Tuesday%2C+22nd+April%2C+2025&utm_medium=email&utm_term=0_51950b5d21-407b19cd8b-%5BLIST_EMAIL_ID%5D&ct=t%28AGB%3A+%2302125+Tuesday%2C+22nd+April%2C+2025%29&goal=0_51950b5d21-407b19cd8b-%5BLIST_EMAIL_ID%5D&mc_cid=407b19cd8b&mc_eid=31e20475e6

desvalorização do renminbi

 ab25 O presidente da Associação da Indústria Turística, Andy Wu, estima que o consumo dos turistas que visitam Macau pode sofrer uma redução devido à desvalorização do renminbi. A posição do representante e empresário do sector surge na sequência da recente quebra da taxa de câmbio de renminbi, que atingiu o ponto mais baixo desde 2010, levando a que as moedas indexadas ao dólar norte-americano, como a pataca e o dólar de Hong Kong, se tornem mais caras no câmbio. No fundo, a frente cambial na guerra comercial entre Washington e Pequim tornou Macau ainda mais dispendiosa para os turistas chineses. Segundo a taxa de câmbio de ontem um renminbi valia 1,09 patacas. No entanto, Andy Wu encara o volume de turistas verificado durante o fim-de-semana prolongado do feriado do Cheng Ming como um bom indicador que o número de visitantes, que ficou acima dos 130 mil por dia, não está a ser afectado pela guerra comercial. Em declarações ao jornal Ou Mun, o dirigente associativo acrescentou qu...

CRIME: Macau pawn shop crackdown

 ab25 A recent  police action against an illegal money exchange operation  linked to eight Macau jewelry stories does not appear to have affected the ability of players to access cash, according to latest observations by Citigroup analysts. Citi released the results of its monthly premium mass table survey on Monday, with the HK$11.1 million (US$1.43 million) total wager observed remaining flat year-on-year despite recent headwinds such as the US-Sino trade war. Average wager per player was 7% lower than during the same month in 2024, analysts George Choi and Timothy Chau added in a note, although whales – those betting at least HK$100,000 (US$12,900) per hand – were betting 2% more on average. “The fact that these wagers happened in front of our eyes suggests that concerns about the Macau police’s recent intensified crackdown on pawn shops that conduct illegal cash exchanges may be overdone as players are still able to get cash to the gaming tables,” they wrote. “Another...

2022-2024 reforms corrected Macau’s casino industry imbalance

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 ab25 The new regulatory framework overhaul that was implemented through reforms in 2022 and 2024 led to “major corrections” in the  Macau  casino industry rather than routine updates, aimed at fixing what had become a dangerously unbalanced system after two decades of breakneck expansion, gaming law expert Jorge Godinho argues in a recent study. “There were too many gaming promoters and VIP rooms, too much credit for gaming, and too much money moving out of China,” Godinho writes in his  study ,  The Macau SAR Regulation of Casino Gaming: Structural Features After the Reforms of 2022–2024 . Jorge Godinho, Gaming Law Expert “Numerous casinos were built, but not that many non-gaming services were developed.” The reforms come after years of unsustainable growth, followed by sharp decline during the COVID-19 pandemic. The gaming industry peaked in 2013/14 but entered what Godinho describes as “a bumpy ride that became a freefall.” Macau’s reliance on high-rolling V...

Trump

may25 Macao will not retaliate against US casino operators: Sam Hou Fai The SAR’s top official says companies acting ‘in an orderly and lawful manner’ will be ‘protected and supported’ by the local government The chief executive also doubled down on the need to diversify Macao’s economy, even though ‘it will be very difficult to reverse the dependency on gaming revenues’ https://macaonews.org/news/business/macau-us-casinos-trade-war-china-macao/ may25 The tension on  US-China relations  has lessened slightly, as both nations announced a suspension on part of their tariffs on exports for 90 days, potentially offering a reprieve from speculation over the impact on Macau’s US-backed gaming operators. https://agbrief.com/news/macau/12/05/2025/us-backed-macau-operators-can-breathe-easier-after-temporary-tariff-reductions-between-us-and-china-but-questions-remain/?utm_source=Asia+Gaming+Brief&utm_campaign=03fd454002-AGB%3A+%2302138+Tuesday%2C+13th+May%2C+2025&utm_medium=emai...