Author: Lynzy Valles, MDT
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Wynn Macau sees revenue surge along with ‘very healthy’ tenant retail sales
Wynn Macau has generated revenues exceeding analysts’ expectations as Macau undergoes a robust recovery. In the second quarter, the gaming operator generated USD246 million of EBITDAR, ... -
Melco losses narrow as revenue jumps to USD948m
Melco Resorts & Entertainment’s operating revenue for the second quarter of 2023 jumped to USD947.9 million, an increase of approximately 220% from USD296.1 million for the ... -
Casino revenues hit post-pandemic high
The city’s gross gaming revenue (GGR) continued to strengthen in July, returning to about 68% of pre-pandemic levels, hitting a post-pandemic high. Data from the Gaming ... -
Association criticizes Calçada de Gaio building, saying construction violates CE dispatch
The association calling for the protection of the Guia Lighthouse has once again sought the assistance of UNESCO to persuade the local government to suspend the ... -
Ctrip: Macau remains among most popular destinations during holiday
Research from travel agency giant Ctrip shows that, during the Dragon Boat Festival, Macau is among the most popular destinations for Chinese outbound travel. Over the ... -
May revenue soars by 366% amid city running second for fastest growing economy
May revenue from the casino sector has seen a surge of 366% from a year ago to total MOP15.6 billion in May, again hitting a three-year ... -
Rob Goldstein: Macau ‘resurrecting strong’, group to further invest over USD3.9 billion
The Macau SAR will continue to record new post-pandemic highs as it is currently “resurrecting strong” – a comeback that came as a surprise and a ... -
Galaxy eyes further recruitment as revenues up 72%
Galaxy’s revenues during the first quarter (Q1) of 2023 surged up to 72% to HKD7.05 billion year-on-year amid the ongoing robust recovery of the casino sector ... -
Consulate moves office, focuses on community’s new needs
The Philippine Consulate General in Macau has moved out of its former premises, its home for the past 15 years, and is now occupying an office ... -
Mother’s Day: a day of celebration, but a day of painful longing for migrants
Preparations are underway to celebrate Mother’s Day, prompting families to honor mothers through thoughtful gifts and memorable dinners. For many, Mother’s Day can be a time ... -
Melco revenues improve on signs of city’s recovery, to operate at full capacity by June
Melco Resorts & Entertainment is on a recovery rebound as it records operating revenues of USD716.5 million in the first quarter, representing an increase of approximately ... -
Wynn revenue doubles as Cotai property leads recovery
Wynn Macau’s operating revenues doubled to USD600 million, compared to the USD298 million recorded a year ago, according to its first quarter earnings result. The gaming ... -
Lei: Goods from Macau to Hengqin to be tax-free
Goods from Macau that will be transported to Hengqin will be tax exempt this year, Secretary for Economy and Finance Lei Wai Nong announced yesterday at ... -
Casino sector gains momentum, hitting new high in April
The casino sector continues to gain traction in recovery in April, recording MOP14.7 billion in revenue in April, the highest monthly taking since January 2020. The ... -
On Labor Day, bill in discussion remains upsetting
The trade union law under discussion remains upsetting to many as it has, they say, failed to “safeguard the basic fundamentals of trade unions’ rights and ... -
City bags 17 Michelin-star restaurants
The highly-anticipated revelation of the Michelin Guide’s 15th edition for the SARs culminated yesterday, announcing 17 Michelin-star awarded restaurants. The ceremony at the Grand Lisboa Palace Resort ... -
Junket kingpin Levo Chan sentenced to 14 years; defendants ordered to pay HKD780m
Former Tak Chun boss Levo Chan was sentenced to 14 years’ imprisonment Friday for illegal gambling and gang crimes by the Court of First Instance. The ... -
Japan’s first casino to have no impact on SAR’s gaming ops: expert
The approval of Japan’s first license to operate a casino will not have a direct impact on the city given the difference in its target market. ... -
Emotional tribute to journalist killed in Libya wins Sony Photography Awards
Edgar Martins, a photographer who grew up and lived in Macau for several years, was awarded Photographer of the Year 2023 for the portfolio series “Our ... -
Casinos record best month in three years
The city’s casinos have recorded the best month in three years as gaming revenues surge 247% and Macau sees an influx of tourists following promotions in ... -
Diversification into non-gaming to remain ‘slow’ amid billions in investments
Fitch Ratings forecasts Macau’s economy will rebound sharply by 48% in 2023 following an economic contraction of 26.8% in 2022, according to a recently published report. ... -
UK Consulate to boost trade with SAR, pledges to support GBA development
As the SAR is moving towards a post-Covid era, it is high time to think about the future of the relationship between UK and Macau and ... -
Studio City’s Phase 2 to open in Q2, op seeing rebound
The construction of Studio City Phase 2 is complete, the gaming operator has announced. The first stage of opening is targeted for the second quarter, which ... -
Casino revenues surge 33% as recovery continues
Macau’s gross gaming revenue surged to MOP10.32 billion in February as the sector benefited from the city’s easing of restrictions since early January. The figure is ... -
Macau casino revenues surge 33% in February as recovery continues
Macau’s gross gaming revenue surged to MOP10.32 billion in February as the sector is benefits from the city’s easing of restrictions since early January. The figure ... -
Health Only 18% of local respondents own critical illness insurance plan
A recent survey has found that only 18% of Macau respondents have a critical illness insurance plan, which is much lower than in Hong Kong (53%) ... -
Moderna taps into the GBA market with aims of providing easy access to mRNA science
The Covid-19 pandemic has led to major shifts in society and particularly the global healthcare system as pharma companies have been working at speed to ensure ... -
CAM: Routes to Jeju, Phnom Penh and Maldives underway
Following what the group considered the worst year for the local air transport industry, the Macau International Airport Co. Ltd (CAM) is confident in posting positive ... -
JP Morgan: Macau’s recovery still in early stages
Macau’s recovery is still in the early stages, even though casino stocks have more than doubled in the last three months, according to JPMorgan analysts DS ... -
Sands China’s 2022 revenues plunge 44%
Heavy losses have been recorded by Sands China as its total net revenues plunged 44.2% in 2022 to USD1.61 billion (HKD12.51 billion), compared to USD2.87 billion ... -
Las Vegas topping Macau’s GGR in 2022 only ‘one-off’
Las Vegas’ casino revenue has hit higher than Macau for the first time in 18 years as the casino sector in the city struggled to ride ... -
Strong momentum for MGM as properties see ‘very healthy recovery’
MGM Resorts officials have confirmed that there is a “strong momentum” in its business and that its 2023 outlook remains bright, partly propelled by MGM China’s ... -
February GGR rebound so far better than expected
The city’s gross gaming revenue (GGR) is recording a rebound, with an estimated MOP1.9 billion in the first five days of February, as the city has ... -
Several flights to Southeast Asian countries approved, tickets on sale
Several international flights between Macau and Southeast Asian countries are expected to commence soon as the government has announced the approval of some airlines that will ... -
City welcomes six group tours after three-year visa hiatus
The long-awaited resumption of mainland tour groups has commenced, with the city welcoming a total of 135 tourists yesterday, divided into six tour groups. Three groups ...
