Casino Lisboa in Macao is operated by SJM Holdings. First-quarter gaming revenue in the city got a boost from China's reopening, but uncertainties linger. 
Travel & Leisure

Macao casinos' reopening boost blunted by junket crackdown

Recovery in gaming pushes up revenue but high rollers stay away

22 May 2023
Macao's landmark Casino Lisboa. The city's VIP gambling business suffered a sharp downturn during the pandemic.
Travel & Leisure

Macao slaps new tax on VIP gambling business

Junket operators say 5% levy on casino commissions will 'kill' sector

8 February 2023
A man walks in front of Macao's landmark Casino Lisboa. The gambling hub's casino-dependent economy was battered by the pandemic.
Travel & Leisure

Macao's casino economy woes deepen pandemic poverty

Bettors return to gambling hub's glitzy venues but rebound long way off

4 February 2023
China is set to announce on Tuesday GDP growth rates for the last quarter and the 2022 full year, along with other key economic data. In December it scrapped its zero-COVID strategy, which had weighed on growth.
Your Week in Asia

Davos 2023, China GDP, Chinese Lunar New Year starts

Your weekly lineup of Asia's biggest business and political events

15 January 2023
Macao has recorded around 1,500 COVID-19 infections since mid-June. Around 19,000 people are currently in mandatory quarantine.
Coronavirus

Macao gaming shares tumble as COVID outbreak shuts casinos

Over 30 venues will stay closed for a week; residents ordered to stay home

11 July 2022
The Macao government is seizing the chance to reset terms of engagement with the casino industry as operators have less than five months left on their operating concessions.
Travel & Leisure

Macao faces no resistance as it tightens leash on casino industry

Operator profits would widen with tamed market, analysts say

1 February 2022
Investors have been anxious for Macao to clarify whether it will change how many casino companies will be allowed to operate or alter key concession terms.
Economy

Macao to cut length of gaming concessions in half

City to keep casino operators at six, but reduce license term to 10 years

14 January 2022
The Venetian Macao hotel and casino in Macao. The city is looking to diversify its economy beyond gaming.
Technology

Macao rolls dice on tech boom with new IT trade show

Inaugural 'Beyond Expo' draws 300-plus companies to revitalize economy

3 December 2021
A croupier works at a gaming table at MGM Cotai Resort in Macau in February 2018: Japan is late to the party.
Opinion

China shows why Asia's casino bubble was always doomed

Other Japanese cities should follow Yokohama's decision to walk away

20 September 2021
China's Communist Party and the State Council announced a plan to develop a new "cooperation zone," managed by officials from Macao and Guangdong Province, to broaden the area's economy. 
Caixin

China to diversify Macao's economy with Bay Area zone

Hengqin, Guangdong Province, will be site of in-depth cooperation

8 September 2021
The Casino Lisboa in Macao in December 2019. The territory's gaming industry has been hit hard by a drop in visitors from outside its borders.
Economy

Macao casino revenue sinks 79% as mainlanders stay away

Facilities reopen, but pandemic-related restrictions hinder business

6 January 2021
Delegates applaud as Chinese President Xi Jinping arrives for the opening session of China's National People's Congress at the Great Hall of the People in Beijing on May 22. (Xinhua via AP)
Politics

Xi's Hong Kong power grab deftly masks domestic shortcomings

With a single stroke, president shuts down critics in his party and justifies US tensions

23 May 2020
Closed shops in Singapore's Chinatown: The economic impact of coronavirus countermeasures is starting to show up in unemployment data.
Economy

Singapore and Japan jobless rates show coronavirus pain setting in

Over 7% of Asia-Pacific working hours to be wiped out in second quarter

29 April 2020
A child wears a mask in Thailand slum. The World Bank's forecast of a "third shock" could devastate economic growth and increase poverty across developing Asia. (Photo by Akira Kodaka)
Interview

World Bank warns of 'third shock' after coronavirus and trade war

Developing Asia urged to address expected poverty surge, financial distress

31 March 2020
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Nikkei Markets

Asian stocks rise more on hopes US measures will ease virus impact

AIA Group and Tencent Holdings fuel gains in A300 index

25 March 2020
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Nikkei Markets

Asian stocks surge after US Fed unveils more stimulus

China Unicom, Samsung Electronics, Tencent boost A300 index

24 March 2020
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Nikkei Markets

Asian stocks decline as pandemic worsens in US, Europe

Indian equities slump more than 13% as country moves into lockdown

23 March 2020
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18 March 2020
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Nikkei Markets

Asian stocks decline as governments impose more curbs to check virus outbreak

Investors worry restrictions to further damp economic activities

18 March 2020
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Nikkei Markets

Asian stocks slump again as pandemic worsens amid rising deaths

Coronavirus fears eclipse Fed's second emergency rate cut

16 March 2020
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Nikkei Markets

Asian stocks decline as Fed, ECB steps fail to mitigate worries over pandemic

South Korean carmakers, shipbuilders among top losers on A300 index

14 March 2020
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Nikkei Markets

Asian stocks plunge after Trump bans travel to US from Europe

Industrial commodity producers among biggest losers on A300 index

12 March 2020
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Nikkei Markets

Asian stocks fall, tracking US futures as virus outbreak worsens

Samsung Electronics, SK Hynix among key losers on A300

11 March 2020
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Nikkei Markets

Asian equities jump as crude oil rebound lifts energy stocks

ComfortDelGro rises after announcing UK acquisition

10 March 2020