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...

jul26 FIFA World Cup to drag Macau GGR during July, but concert-led recovery expected at month-end: Citi “That said, Macau’s packed event calendar in early July, featuring Anson Lo (Londoner Arena), Gareth.T (Galaxy Arena), Rosy Zhao (Galaxy Arena) and NCT JNJM (Londoner Arena) could mitigate some of the potential weakness,” stated the bank. After the World Cup, “concerts like the [The Music of Chan Fai Young :] King of POP featuring singers including Eason Chan and Joey Yung (Galaxy Arena) and Hins Cheung’s UNPLUGGED2 (Studio City Event Center) could kick-start Macau gaming recovery,” suggested Citi. https://www.ggrasia.com/fifa-world-cup-to-drag-macau-ggr-during-july-but-concert-led-recovery-expected-at-month-end-citi?utm_source=rss&utm_medium=rss&utm_campaign=fifa-world-cup-to-drag-macau-ggr-during-july-but-concert-led-recovery-expected-at-month-end-citi&__cf_chl_f_tk=57RyJn3.zmOivgtvfjgu3V_GP.oXmBfrkAvUEDLR6ys-1783000321-1.0.1.1-fWEb6f0_j7Cg9sIMB.0.qyYunpBDwXX41ZAsoEFrD...