Retendering21-22

 ou25 Macau’s Judiciary Police recently cracked a fraud case involving gaming concessionaires, where four suspects utilized falsified bank account details to defraud two concessionaires of over HK$17.4 million (US$2.3 million) in “non-negotiable chips”. According to case details released by the Judiciary Police, the four arrested individuals comprise three Hong Kong residents (two males and one female) and one local Macau male. The suspects allegedly applied for gambling loans from four concessionaires in early October 2025, using forged electronic bank account balance documents – including a counterfeit HK$48 million balance statement from a Hong Kong bank -for gambling purposes. Two of the concessionaires declined to grant the loans, while the other two approved them. After obtaining the loans, the suspects withdrew the “non-negotiable chips” in multiple instalments and removed them from the casinos. One concessionaire reported the incident after detecting irregularities, claimin...

 out25 Income generated from inward direct investment by outside investors in Macau’s gaming sector rose by 53.2 percent year-on-year in 2024, standing at MOP30.83 billion (US$3.86 billion), according to data released on Friday by the city’s Statistics and Census Service. Macao’s gaming sector continued to record a net outflow of inward direct investment in 2024, amounting to MOP476 million, but the outflow “narrowed” compared with the previous year, the city’s Statistics and Census Service said. “This was mainly attributable to a decrease in loan repayments by some gaming enterprises to foreign shareholders or overseas affiliates,” it added. As of the end of 2024, the stock of inward direct investment in Macau’s gaming sector totalled MOP142.35 billion, slightly down by less than 0.1 percent year-on-year, the official data showed. The gaming sector remained by far the largest contributor to the city’s total stock of inward dir...

ab26 he aggregate of shows being hosted by two Macau gaming concessionaires that specialise in large-scale concerts by touring artists has already risen year-on-year in the first quarter, reveal checks by GGRAsia. Galaxy Entertainment Group Ltd and Sands China Ltd between them have held 66 shows in the January to end-March period, up 34.7 percent on the final figure of 49 staged in the same time frame last year. Nonetheless, when the output of the two large-arena operating concessionaires is analysed separately, Sands China’s first-quarter tally went down 14.8-percent year-on-year at 23 shows, versus 27 for first-quarter 2025. Of those figures, Sands China’s Venetian Arena hosted nine shows in the first quarter, versus 10 shows in the same period last year. Galaxy Entertainment’s first-quarter tally nearly doubled, to 43 shows, from 22 in the same period last year. Of those numbers, the operator’s Galaxy Arena was host to 19 shows in the first three months this year, versus 10 shows in...