Macao

Authorities in Wenzhou said they have been investigating Suncity's Alvin Chau since July. 
Travel & Leisure

Macao police question gambling boss over Chinese arrest warrant

Suncity Group Chairman Alvin Chau accused of undermining 'social order'

27 November 2021
U.S. President Joe Biden and Chinese President Xi Jinping are expected to meet for the first time online on Tuesday morning, Asia time. This signals a bid by both countries to ease tensions, which have increased recently.
Your Week in Asia

Biden-Xi meet online, Malaysia's partial reopening and Macao gaming licenses

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

14 November 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
The Venetian Macao hotel and casino: Macao is the only enclave in greater China where gambling is legal. 
Markets

Macao casino stocks nose-dive on looming government crackdown

Shorter licensing terms and increased oversight proposals lead to sell-off

16 September 2021
The Macao Electoral Affairs Commission attributed the decline in voting to bad weather and pandemic travel controls. (Courtesy Macao Government Information Bureau)
Politics

Plunge in Macao voter turnout carries signal for Hong Kong

Participation falls below 50% for first time after 21 candidates disqualified

13 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
Hong Kong's Victoria Park on the 32nd anniversary of the Tiananmen Square crackdown on pro-democracy demonstrators: The organization that hosted the vigil says it will dismiss its entire staff.
Politics

230 elected pro-democrats quit Hong Kong local councils

Loyalty pledge requirement accelerates crackdown against political activism

13 July 2021
Police officers raise the flags of China and Macao in the territory's Golden Lotus Square.
Politics

Macao disqualifies pro-democracy groups from legislative election

Three incumbents among about 20 candidates barred from September polls

9 July 2021
The Macao Economic and Cultural Office in Taiwan is housed in the iconic Taipei 101 building.
Politics

Macao follows Hong Kong in closing Taiwan office

No reason given for move that follows China's biggest incursion into Taiwan ADIZ

16 June 2021
Suncity Group is the biggest junket agency in Macao and runs its own casino resorts in Vietnam and Russia, with a third under construction in Manila.
Travel & Leisure

Macao gambling group retreats from Japan bid amid controversies

Suncity ties withdrawal to COVID impact and delays in licensing process

23 May 2021
Visitors pose in front of a fountain at Galaxy's resort on the Chinese island of Macao. The casino and hotel operator has been exploring opportunities in Japan in recent years.
18 May 2021
Hong Kong fintech company WeLab has completed the initial close of its latest round of funding led by Allianz X, raising $75 million. (Source photos by Reuters and screenshot from WeLab's website)
Finance

Hong Kong fintech company and Allianz team up in Southeast Asia

WeLab and German conglomerate also tap southern China for wealth management

8 March 2021
The facade of what was the Cotai Central resort is being remade to resemble the Palace of Westminster. (Illustration courtesy Sands China)
Travel & Leisure

COVID-free version of London opens in Macao

Sands opens $2bn casino resort though travel remains restricted

22 January 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
The 200 suites in The 13 Hotel, originally billed to be the world's most luxurious, cost an average of $7 million each to construct. 
Travel & Leisure

Macao luxury hotel's investors fold as bold bet goes sour

Liquidation vote for 'The 13' comes as returning Chinese spark recovery for casino hub

4 December 2020
IOC President Thomas Bach is scheduled to visit Tokyo to see how preparations for the delayed Olympic games are progressing.
Your Week in Asia

IOC chief in Tokyo, APEC Summit, US-Taiwan ministers

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

15 November 2020
Macao's economic fortunes depend on a recovery in the flow of tourists from mainland China.
Media & Entertainment

Macao casino operators swimming in red ink due to COVID

Customers dried up but operation costs remain high; six companies all have net losses

6 October 2020
The Taj Mahal in the northern Indian city of Agra reopens Monday with strict safety guidelines in view of the COVID-19 pandemic. 
Your Week in Asia

UN General Assembly, Taj Mahal reopens, Sabah election

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

20 September 2020
A casino dealer collects chips at a roulette table in Manila. Chinese account for a fifth of foreign visitors to the Philippines.
Travel & Leisure

China's foreign casino ban risks snake eyes for Vietnam and rivals

Macao stands to lure high rollers from destinations like Philippines and Singapore

7 September 2020
Gamblers play slot machines in Las Vegas: High-profile U.S. casino operators Sands and Wynn Resorts have given up plans to expand in Japan, citing regulatory snags.
Travel & Leisure

Foreign casino operators fault uncertain rules for Japan pullout

Withdrawal of US operators points to dimmer prospects for gambling market

29 August 2020
Investors in casino operators are hopeful that Chinese arrivals will prop up earnings in Macao.
Markets

China's easing of travel restrictions give Macao casinos hope

After 1st half losses, companies hope Chinese arrivals will boost year-end revenues

26 August 2020
Galaxy Entertainment's flagship Galaxy Macau Resort, pictured during 2019 anniversary celebrations of Macao's return to Chinese rule. 
Travel & Leisure

Macao casino operator cautious as China relaxes travel controls

Galaxy Entertainment: Consumer confidence 'will take time' to recover

13 August 2020
Visitors attend the China Import and Export Fair, also known as Canton Fair, in Guangzhou, China, in April 2018. It will be conducted online this year for the first time.
Your Week in Asia

Virtual Canton Fair, JD.com HKEX debut and Japan baseball opens

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

14 June 2020
A Toyota display at the Geneva International Motor Show in March 2019. The company will hold its annual general meeting on June 11, though it is urging shareholders not to come to the venue due to coronavirus concerns. 
Your Week in Asia

Toyota AGM, Macao casino regulator, Vietnam-EU trade deal

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

7 June 2020
Stanley HO was first and foremost an excellent businessman, with a keen eye for spotting, seizing and developing profitable business opportunities.
Obituaries

Stanley Ho made Macao's gaming industry into today's giant

Businessman's ingenious casinos set stage for 21st century gambling boom

29 May 2020