Macau ‘s VIP industry is mostly managed by middle men, casino junket operators acting on behalf of multi-billion dollar casinos. But since 2014, their business has been hit hard with Chinese President Xi Jinping implementing an anti-graft campaign. Prior to 2014, revenue from VIP gamblers made up over 70 percent of total revenues. Gambling Stock Roundup: Macau GDP and Revenue Decline in ... Macau revenues (for the month of May) declined yet again, marking a year of decline. Gambling Stock Roundup: Macau GDP and Revenue Decline in Focus, Nevada April Revenues Up - June 1, 2015 - Zacks.com Macau's gambling revenue growth best in 20 months | Macau News Macau on Tuesday (Mar 1) posted its best monthly gambling revenue performance since October last year and the smallest drop in growth in 20 months as an increase in Lunar New Year tourists boosted the world’s largest casino hub. As Macau Casino Revenue Soars, Some Analysts Take A Reality Check As Macau Casino Revenue Soars, Some Analysts Take A Reality Check ... Contributor Opinions expressed by Forbes Contributors are their own. ... Some VIP gains may be attributable to China’s ...
Macau casino-related crime rises as gambling profits ...
Gambling in China is officially illegal under Chinese law. In practice, however, Chinese people can participate in state-run lotteries and engage in legal gambling in the special administrative regions of Hong Kong and Macau... Beijing hotels shun five-star label as anti-graft … The capital removed all five-star hotels from its government procurement list earlier this year, forcing some operators to turn to the mass market. Setting a new trend, Beijing Jin Jiang Fu Yuan Hotel gave up its five-star qualification altogether during an annual reassessment by the China Tourist Hotel... China targets gambling hub of Macau in crackdown on … HONG KONG (Reuters) - China's fight against corruption has spread to the world's largest gambling hub, the former Portuguese colony of Macau, where sevenThe crackdown comes at a time when gambling revenues are plummeting as high rollers stay away due to fears of being caught up in graft... China Poker Laws - Online Poker for Chinese Gamblers
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Jul 02, 2015 · Macau casinos make more than half of their revenues from high rollers. As the anti-graft campaign activity and the number of cases investigated has seemed to slow in recent months, this second push in the crackdown on corruption will surely send shockwaves through Macau. Macau Sept gambling revenues fall by most in 5 yrs on Oct 06, 2014 · Gambling revenue in the world's biggest gaming hub Macau recorded their steepest drop in more than five years in September as China's campaign against corruption and a slowing economy kept big Macau Casino Shares Rise on Sign Industry Approaching May 04, 2015 · Macau’s casino industry is being hit by a slump in VIP gaming as President Xi Jinping’s campaign on graft snared thousands of officials and is expanding to include executives at …
Macau casino-related crime rises as gambling profits tumble ...
Macau leader Fernando Chui told Chinese President Xi Jinping on Friday that he would try to diversify Macau's casino-dependent economy, which has been hit by the most aggressive anti-graft ... Macau audits more junkets amid widespread scrutiny of ... Macau, a special administrative region in China, is the only place in the country where Chinese nationals are allowed to gamble in casinos. Casino revenues had plummeted as the anti-graft campaign ... Macau's economy When a 26% plunge in GDP feels fine Why Macau's real economy is yet to be hit by a massive slump in nominal GDP ... The Chinese government’s anti-corruption campaign has caused gaming revenues to decline by 40% and other tourism ...
Macau gambling revenue growth best in 20 months - Yahoo
7 Nov 2014 ... An anti-graft campaign has driven away high rollers and others ... The casino strip in Macau has revenues roughly seven times its counterpart in Las Vegas. ... Last year, revenue rose about 20 percent, hitting $45 billion ...
China's Corruption Crackdown Pummels Macau Casinos : Parallels The Chinese island is renowned as a gambling capital and a place to launder cash. An anti-graft campaign has driven away high rollers ... Anti-corruption campaign Phase II likely to hit Macau Macau casinos make more than half of their revenues from high rollers. As the anti-graft campaign activity and the number of cases investigated has seemed to slow in recent months, this second push in the crackdown on corruption will surely send shockwaves through Macau. Macau casinos cash in again as China’s luxury sector ... Macau casinos cash in again as China’s luxury sector rebounds ... of China where casinos are legal, Macau was hit hard by President Xi Jinping ... toughest days of Mr Xi’s anti-graft campaign ...