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Desmond Lam

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LATEST ARTICLES FROM AUTHOR

Macau

Desmond Lam: Hopes high for Year of the Ox

Desmond Lam - December 18, 2020

Macau

Re-imagining Macau for a diversified future

Desmond Lam - October 28, 2020

LATEST NEWS

News

Macau airport traffic tops 7.5 million in 2025 despite annual dip

Nelson Moura - January 5, 2026

Passenger traffic at Macau International Airport (MIA) reached more than 7.52 million in 2025, with flight movements exceeding 58,000, the operator said Monday, noting a surge in international routes despite a slight annual decline.

News

Estoril-Sol, Portugal’s casino leader, abandons concession for Póvoa de Varzim

Nelson Moura - January 5, 2026

The Estoril-Sol group, Portugal's dominant land-based casino operator, has lost its concession for the casino in Póvoa de Varzim after it declined to bid...

Sri Lanka

Sri Lanka’s casino entrance levy increased

Nelson Moura - January 5, 2026

Sri Lanka’s Inland Revenue Department has announced significant tax changes for casino operators and betting and gaming establishments, set to take effect on January 1, 2026.

Macau

Macau gaming revenue to rise 5–6% in 2026: JP Morgan

Viviana Chan - January 4, 2026

JP Morgan expects Macau GGR to grow 5–6% in 2026, led by mass and slots, with profit growth slightly outpacing revenue as margins stabilise.

South Korea

South Korea’s Jeju Dream Tower casino sales jump 61.8% year-on-year in 2025

Viviana Chan - January 4, 2026

Full-year casino sales at Jeju Dream Tower reached $367 million in 2025, marking a 61.8% increase from the previous year.

Macau

Macau visitor arrivals hit record 40.06 million in 2025

Viviana Chan - January 4, 2026

Macau welcomed 40.06 million visitor arrivals in 2025, setting a new historical record and surpassing pre-pandemic levels, according to preliminary data released on Saturday...

Macau

Wynn Macau sets $150M annual cap for IP license fees in 2026

Nelson Moura - January 1, 2026

Wynn Macau Ltd said it has set an annual cap of about $150 million for intellectual property license fees payable to a unit of its parent company Wynn Resorts in 2026, under continuing connected transactions.

Macau

Late-night congestion follows New Year fireworks on Macau’s Cotai Strip

Viviana Chan - January 1, 2026

Macau experienced widespread late-night transport congestion following New Year’s Eve fireworks celebrations, as large crowds departing event areas after midnight overwhelmed public transport systems and pedestrian routes across the city, particularly in Cotai.

Australia

Ainsworth heir battles Novomatic’s bid for family gaming firm: Report

Nelson Moura - January 1, 2026

There is a brewing corporate battle in Australia’s gaming industry, with Kjerulf Ainsworth, son of slot machine pioneer Len Ainsworth, fighting to block a takeover bid by Austrian gaming giant Novomatic.

Elsewhere

Kazakhstan set to establish new gambling zones

Nelson Moura - January 1, 2026

Kazakhstan is set to establish new gambling zones in several regions, including Mangystau, Almaty, East Kazakhstan, and Zhetysu, as announced by Yerbol Myrzabosynov, the country’s Minister of Tourism and Sports.

Macau

Macau 2025 GGR tops $30.9B, rises 9.1% YoY

Viviana Chan - January 1, 2026

Gaming revenue in Macau rose 9% year-on-year to $30.9B in 2025, exceeding government targets as visitor arrivals reached an all-time high.

Macau

Casino Landmark shuts doors as Macau’s satellite casino model comes to an end

Viviana Chan - December 31, 2025

Casino Landmark, the final remaining satellite casino in Macau, ceased operations at 11:59 p.m. on Tuesday, marking the end of a three-year transition period...

Macau

Jewellery shop in Cotai casino linked to $7.7M illegal money exchange busted

Viviana Chan - December 30, 2025

Macau’s Judiciary Police have dismantled an illegal money exchange operation linked to gambling at a watch and jewellery shop inside a Cotai casino, arresting...

Macau

CLSA cuts MGM China earnings forecasts by over 6% for 2026–27 on higher license fees

Viviana Chan - December 30, 2025

Higher license fees prompt CLSA to downgrade MGM China’s 2026–27 earnings outlook by more than 6%, despite retaining an Outperform rating

Myanmar

Myanmar demolishes more illegal gambling buildings in Shwe Kokko and KK Park

Viviana Chan - December 30, 2025

Myanmar steps up crackdown on online scams and illegal gambling, demolishing hundreds of unauthorised buildings in Shwe Kokko and KK Park

Macau

Portugal extends casino concessions as bidding process continues

Nelson Moura - December 30, 2025

The Portuguese government has extended the operating concessions for casinos in three key regions by three months, as the process to award new long-term licenses remains underway.

Europe

Palasino Holdings opens new casino in the Czech Republic

Nelson Moura - December 30, 2025

Hong Kong-listed Palasino Holdings Limited announced it has opened its newest property, Palasino Mikulov, in the Czech Republic, marking a key step in the group’s expansion across Central Europe.

Macau

Macau records 1.14M visitor arrivals during SAR anniversary and Christmas holiday

Viviana Chan - December 29, 2025

Holiday travel surged in Macau as 1.14 million visitors arrived between December 20th and 28th, driving 6.25 million cross-border movements.

Philippines

Suntrust reshuffles board with two new director appointments

Viviana Chan - December 29, 2025

Suntrust reshuffles its board with two new director appointments as it advances the long-delayed Westside City integrated resort project.

Macau

Melco to operate three Mocha slot clubs via management company starting January 1st

Viviana Chan - December 29, 2025

Melco secured authorization to operate Mocha Golden Dragon, Mocha Porto Interior and Mocha Hotel Sintra through a management company starting January 1st, 2026.