Macau Studio City News

Casino City has searched the globe for the casinos with the most square footage. Does bigger always mean better? We'll let you be the judge.

This is the third time that a Melco Crown property has taken the top award, with City of Dreams Manila being named to the esteemed position in 2015, and City of Dreams Macau in 2013.

Casinos collected $2.1 billion from gamblers in November, 32.3% less than a year ago, Macau's Gaming Inspection and Coordination Bureau said Tuesday.

Casino operators have budgeted almost $27 billion on new developments in Macau, despite the fact that Macau gaming regulators are expected to announce this week that November was the region's 18th straight month of revenue declines.

The market's gaming revenue is now down 35.5 percent for the year through October.

The $3.2-billion, Hollywood-themed resort casino was designed to become Asia's "entertainment capital," according to its CEO, Mr. Lawrence Ho.

The founder and CEO of Wynn Resorts went on a "tirade" against Macau's gaming regulators in a conference call with analysts last week.

The Macau government has authorized Melco Crown's Hollywood-themed casino for 250 new gaming tables and 1,233 new gaming machines.

In light of the effect of the government's corruption crackdown on high-end baccarat revenue, the Beijing government may take measures to support the Macau economy on the mass-market side.

This marks the 16th uninterrupted month of revenue decline for the beleaguered gaming hub.

The junket operators, which have long been suspected of being affiliated with organized crime, have come under extra scrutiny during the Chinese government's crackdown on corruption.

Melco Crown Entertainment's latest development project is a Hollywood-themed gaming and entertainment resort in Macau.

Macau development continues unabated with three new casino properties on the horizon.

Casinos collected $2.44 billion from gamblers during the month, a drop of 49 percent. A year ago, Macau casinos collected a single-month industry high of $4.8 billion.

The worry is now about 2015 and what effect continued softness in the world’s largest gambling enclave will have on Nevada casino operators.

Even after six consecutive monthly gaming revenue declines, Macau is still not close to hitting bottom.

The bond advisement service predicted zero growth in Macau’s gaming revenue by the time 2014 is concluded, and an overall decline of 1 percent in 2015.

Melco Crown Entertainment acquires controlling stake in Macau Studio City.

A Marriott-branded hotel will be part of the monumental Macao Studio City with entertainment, retail, gaming and studios complex taking shape in Macao, China.