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The Latest Breaking News from Macau

China's gambling hub Macau shuts down amid COVID-19 outbreak but casinos remain open

The world's biggest gambling hub Macau has begun a second day of mass COVID-19 testing after dozens of locally transmitted cases were discovered over the weekend. Most businesses have shut but casinos remain open.

ABC News

Macau shuts most businesses amid COVID outbreak, casinos stay open

The world's biggest gambling hub Macau began its second day of mass COVID-19 testing on Monday after dozens of locally transmitted cases were discovered over the weekend, with most businesses shut but casinos remaining open.

Reuters

Macau to begin mass COVID testing on Sunday amid locally transmitted cases

Macau's government said on Sunday it would begin mass COVID-19 testing for all residents after locally transmitted coronavirus cases were found overnight.

Reuters

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Final Draft Of Macau Gaming Law: What Investors Need To Know

The Macau Legislative Assembly signed the final draft of the new Macau gaming law this week. Bank of America analyst Billy Ng says there's nothing in the legislation that dampens his long-term bullish thesis on the Macau gaming market. Draft Updates: The final draft of the law includes the following…

Benzinga

Big Attraction On A Small Scale: Mini Macau Recreates Destination City In The Metaverse

If you can't get to the Las Vegas of Asia, take a virtual trip.

Zenger

Las Vegas Vs. Macau – Ultimate Sin City Comparison!

Original or copy? Which gambling metropolis can do more? Las Vegas or Macau? About swimming trunks in the casino and diamonds in a plastic bag. If there were a copy World Cup, the People's Republic of China would have been the undisputed champion ...

USA Today Sports Media Group

Taiwan delays scheme to help Hong Kongers over spying fears

Easier pathway to permanent residency, citizenship for Hong Kong, Macau people delayed over national security fears.

Al Jazeera

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ChromaDex Establishes Joint Venture For Tru Niagen Distribution In China

ChromaDex Corp (NASDAQ:CDXC) has agreed to establish a joint venture through its wholly-owned subsidiary ChromaDex Asia Limited. ChromaDex Asia is expected to assume the distribution agreement with Sinopharm Xingsha relating to the commercialization of Tru Niagen in mainland China and its territories, excluding Hong Kong, Macau, and Taiwan. Also See: ChromaDex Shares Gain On Niagen Supply Pact With…

Benzinga

Casino mogul Wynn sued for acting as agent for China

Washington (AFP) - The US Justice Department sued Las Vegas and Macau casino mogul Steve Wynn Tuesday to force him to register officially as an agent for the Chinese government.

AFP

US sues casino mogul Steve Wynn to compel him to register as agent of China

Justice department says Wynn lobbied the Trump administration for China to protect his business interests in Macau

The Guardian - US

GRAVITY Shares Soar Post Q1 Results; Ragnarok Drives Online Gaming Revenue

GRAVITY Co, Ltd (NASDAQ:GRVY) reported a first-quarter FY22 revenue decline of 15.7% year-on-year to $73.1 million. Online game revenues rose 10.2% Y/Y to $ 17.7 million due to increased revenues from Ragnarok Online in Taiwan, the Philippines, Singapore, and Malaysia. Mobile game revenues declined 23.3% Y/Y to $52.2 million due to revenues from…

Benzinga

EyePoint, Expands Pact With Betta Pharma For EYP-1901 In China, Posts Deeper Q1 Loss

EyePoint Pharmaceuticals Inc (NASDAQ:EYPT) executed a license agreement with Betta Pharmaceuticals Co Ltd to develop and commercialize EYP-1901 in Mainland China, Hong Kong, Macau, and Taiwan. This agreement expands the collaboration between EyePoint and Equinox Sciences, LLC, a Betta Pharmaceuticals affiliate established in February 2020. EyePoint will retain global ophthalmic rights for EYP-1901 in the…

Benzinga

MGM Resorts Analysts React To Q1 Earnings Beat, LeoVegas Acquisition, Macau Weakness

MGM Resorts International (NYSE: MGM) shares traded lower by 3.5% on Tuesday after the company reported first-quarter earnings and revenue beats but a quarterly drop in Las Vegas Strip occupancy.

Benzinga

Star lawyer denies 'watering down' report

A Star Entertainment lawyer has denied watering down concerns about The Star Sydney's dealings with a Macau junket operator allegedly linked to organised crime.

AAP

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Benzinga

Macau Gaming Revenue Drops 52.7% in March: Here's How To Play It

Macau casino stocks traded higher on Friday despite a huge drop-off in gross gaming revenue in the month of March.

The Street

Wynn Bets Big on the Las Vegas Strip (and Macau)

The company wants to stay relevant in Sin City, but that's not its only priority.

AAP

Star 'deficient' on money laundering fears

A senior manager at The Star Sydney has admitted he was concerned about the possibility of money laundering via a high roller debt-card scheme at the casino.

Autosport

Friday favourite: The "old fashioned" Macau-like Formula E venue

Drivers who like street circuits are spoiled for choice in Formula E. For Lucas di Grassi, the updated Rome track that made its debut last year is the best of them all and merits comparison with the revered Macau circuit, despite its imperfections

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Benzinga

4 Reasons Macau Casino Stocks Are Tanking

Macau casino stocks have taken a beating so far in 2022, but the selling pressure has intensified in recent days. On Tuesday, Bank of America analyst Shaun Kelley highlighted at least four reasons investors are dumping Macau stocks.

Benzinga

Stock Wars: MGM Resorts International Vs. Wynn Resorts

Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment.

AFP

Second Macau junket boss arrested as crackdown expands

Macau (AFP) - The head of Macau's second-largest junket group has been arrested by the city's police, as authorities tighten the leash on the gambling hub's multi-billion-dollar industry.

Reuters

Police arrest Macau's No 2 junket boss in crackdown - media

Police in Macau, the world's biggest gambling hub, said on Sunday they had arrested two men for alleged illegal gambling and money laundering, as authorities step up a crackdown on illicit capital outflows from the Chinese mainland.

ABC News

Macau used to be China's 'good kid', but as Beijing turns on its gambling industry, everything might change

For decades, Macau has pledged its loyalty to Beijing in exchange for a longer leash and a steady influx of cashed-up gamblers. But the dramatic arrest of a high-flying casino owner leaves many wondering what lies in this port city's future.

Benzinga

52 Biggest Movers From Friday

Gainers Splash Beverage Group, Inc. (NASDAQ: SBEV) shares gained 118.9% to settle at $4.18 on Friday. Splash Beverage recently announced it has received authorization to sell its TapouT performance drink in Walmart stores across Florida metropolitan areas.

AFP

Equity markets mostly up as Fed hikes loom, China growth slows

Hong Kong (AFP) - Investors started the week on a broadly positive note Monday but uncertainty remained ahead of an expected series of interest rate hikes by the Federal Reserve, while data showed growth in China's economy slowed at the end of last year.

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