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ARTICLE · 21 SEPTEMBER 2015

Gaming In Macau – Casinos & Junkets

Mayer Brown
Mayer Brown
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Macau has been cashing in on her unique status as the only jurisdiction in China where casino gaming is legally allowed.

MacaoMedia, Telecoms, IT, Entertainment
Vincent Law
Vincent Law
Raymond Chan
Raymond Chan
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Macau as a World Gaming City

Macau has been cashing in on her unique status as the only jurisdiction in China where casino gaming is legally allowed. Business has grown so fast that in less than a decade, her gaming revenue has become seven times bigger than that of Las Vegas. However, in the last 12 months or so, investors' confidence in Macau's gaming stocks has fallen dramatically. The major downturn in business apparently is a combined result of certain measures taken by the Chinese Central Government and its slowing economy which have impacted Macau's gambling revenue. More recently, news concerning the theft of possibly hundreds of millions of dollars from a junket in one of the major casinos is not helping the situation.

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