Tag: Gaming
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Orix sees Osaka IR as part of broader real-asset strategy
Orix Corp is positioning its involvement in the MGM Osaka integrated resort as part of a broader strategy to expand its portfolio of physical assets while ... -
Analysts: GGR set for September rebound after three-month slide
Gross gaming revenue (GGR) is expected to return to year-on-year growth in September after falling for a third consecutive month in August, although analysts diverge over ... -
LVS raises stake in Macau unit to 75.01%
Las Vegas Sands Corp. (LVS) has increased its stake in Sands China Ltd. (SCL) to 75.01%, pushing the Macau casino operator’s public shareholding below the Hong ... -
Macau Legend warns it may not meet loan obligations
Macau Legend Development said it may be unable to meet its debt obligations if lenders demand immediate repayment, despite returning to positive adjusted EBITDA in the ... -
CBRE: SJM cuts staff by 10% as satellite casino closures tighten margins
SJM Holdings has cut its workforce by 10% over seven months and is pursuing further cost reductions as the closure of its satellite casinos continues to ... -
Investment banks cut August gaming revenue forecasts
Investment banks have lowered their forecasts for August gross gaming revenue (GGR), citing softer daily gaming revenue in the latest week, although industry analysts expect a ... -
Melco finance unit to redeem USD600 million of 2027 notes early
Melco Resorts Finance Ltd. will redeem USD600 million in 5.625% senior notes on Sept. 23, nearly 10 months before their scheduled maturity. The financing subsidiary of ... -
Moody’s affirms LVS, Sands China ratings as liquidity offsets spending risks
Las Vegas Sands (LVS) and its Macau subsidiary Sands China retained stable credit outlooks from Moody’s Ratings, with the agency citing strong liquidity and the likely ... -
Premium-mass players bet more despite smaller crowds, Citi says
Macau’s premium-mass casino market regained momentum in August, as fewer high-end players wagered substantially more per person, according to Citigroup’s latest monthly table survey. Total premium-mass ... -
Success Universe issues loss warning after Ponte 16 casino closure
Success Universe Group Ltd., the latest Macau-linked operator to issue a 2026 profit warning, said its first-half loss is set to widen by 50% to 70% ... -
CBRE: Galaxy lifts dividend as Melco delays debt paydown
Galaxy Entertainment Group raised its interim dividend by 12.5% to HKD 0.90 per share, signaling confidence in cash-flow sustainability despite a softer second quarter, while Melco ... -
Sands China doubles interim dividend
Sands China Ltd. announced that it will double its interim dividend to HKD0.50 per share as part of its results for the six months ended June ... -
Paradise Entertainment flags HKD82.6 million first-half loss after Kam Pek closure
Hong Kong-listed gaming equipment supplier and former manager of Casino Kam Pek Paradise, Paradise Entertainment Limited, expects to record a loss of HKD82.6 million (USD10.5 million) ... -
August GGR averages MOP733 million in first nine days
Gross gaming revenue (GGR) reached an estimated MOP6.6 billion in the first nine days of August, with daily revenue averaging MOP733 million, according to investment bank ... -
Seaport: GGR expected to rebound in August, September
Macau’s gross gaming revenue (GGR) is expected to return to year-on-year growth in August and accelerate further in September as demand normalizes following disruption from the ... -
MGM China’s USD1.1 billion quarter masks margin squeeze from higher branding fee
MGM China posted broadly flat second-quarter revenue, but profit fell as a higher branding license fee charged by parent MGM Resorts weighed on earnings, even as ... -
S&P: Macau and Singapore are Asia-Pacific’s safest gaming bets for investors
Macau and Singapore are the best-placed gaming jurisdictions in Asia-Pacific for investors, according to S&P Global Ratings. S&P also said regional gaming revenue is likely to ... -
Galaxy pulls high rollers with non-gaming appeal despite storm
Galaxy Macau stood out in Citigroup’s latest table survey, with the investment bank noting that weekend volleyball matches helped draw affluent gamblers even as Typhoon Noul ... -
Analysts: Wynn Macau shifts focus to earnings growth over debt reduction
Casino operator Wynn Macau Ltd is prioritizing cash-flow growth through major capital projects over debt repayment, according to a recent research note from CreditSights. The recent ... -
Las Vegas Sands reports lower profit in Q2 as Macau hold weighs
Las Vegas Sands Corp. (LVS) reported lower second-quarter profit as weak VIP hold rates in Macau and a temporary decline in visitation from high-value customers weighed ... -
VIP baccarat revenue falls 19% as junkets drop to 29
The number of licensed gaming promoters in Macau has declined to 29, down from 31 at the end of March, while VIP baccarat gross gaming revenue ... -
GGR rebounds as World Cup distraction fades, Citi estimates
The local casino market showed signs of recovery last week as the impact of the FIFA World Cup 2026 faded, with daily gross gaming revenue (GGR) ... -
Casinos experience toughest quarter since reopening
Macau’s casino industry posted its weakest quarter since reopening after the pandemic, with Citigroup citing the FIFA World Cup and poor gaming hold rates as key ... -
Macau to outpace regional gaming markets, Moody’s says
Macau is poised to lead gaming growth across Asia over the next 12 to 18 months, supported by strong domestic demand and resilience to rising travel ... -
Gaming reliance poses ‘structural risk,’ study warns
Two Chinese academics have warned, based on a study they conducted, that Macau’s dependence on gambling has brought considerable economic gains to the territory but represents ... -
Casino revenue falls in June as World Cup weighs
Macau’s casinos posted a decline in June, with gross gaming revenue (GGR) falling 12.1% year-on-year to MOP18.52 billion (USD2.29 billion), according to official data. The figures ... -
Morgan Stanley holds off on casinos, citing uncertain recovery outlook
With second-quarter earnings season approaching, Morgan Stanley is advising investors to remain on the sidelines when it comes to Macau gaming stocks, arguing that cheap valuations ... -
World Cup to affect local GGR up to 10%, analysts says
The FIFA World Cup 2026, taking place in the United States, Canada, and Mexico through July 19, is likely to affect the local gaming industry, with ... -
Macau SLOT concession renewed for another year
Local sole sports betting concessionaire Macau Slot Co. Ltd. has seen its concession renewed for another year, with the government’s official gazette publishing the concession contract ... -
Regulator denies ‘black box’ casino claims
The Gaming Inspection and Coordination Bureau (DICJ) has refuted online claims regarding an alleged “black box” system in local casinos, saying the circulating information is false ... -
Gaming tax dips in May, fiscal surplus widens
Macau’s gaming tax revenue fell in May, declining 15.6% month on month to MOP7.65 billion, according to the Financial Services Bureau (DSF). From January to May, ... -
Former Wynn Macau COO Ciarán Carruthers named CEO of UAE regulator
The United Arab Emirates (UAE) General Commercial Gaming Regulatory Authority (GCGRA) has appointed casino executive Ciarán Carruthers as its new CEO, tasking him with overseeing the ... -
CLSA flags slower momentum, GGR growth forecast trimmed
Macau’s gross gaming revenue (GGR) is expected to grow more slowly in 2026 than previously forecast, according to CLSA, which has trimmed its outlook amid weaker ... -
MGM China’s Pansy Ho exits MGM Resorts stake amid takeover interest
Pansy Ho, chairperson and executive director of MGM China, has fully exited her stake in MGM Resorts International following a series of share disposals totaling USD140.1 ... -
CLSA: GGR set to grow moderately after strong May
Macau’s casino sector posted a stronger-than-expected finish in May, but CLSA analysts expect the “solid” growth to soften in the coming months as tougher comparisons and ...
