Tag: Gaming
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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 ... -
Casinos post strongest May since pandemic
The gaming sector recorded its strongest May performance since the pandemic, with gross gaming revenue (GGR) reaching MOP22.61 billion, according to figures released by the Gaming ... -
Hubert Wang joins Sands China as chief operating officer
Former MGM China president and chief operating officer (COO) Hubert Wang is joining Sands China Ltd. (SCL) today as the company’s new COO, according to an ... -
Crystal Palace phase two to launch this summer
The second phase of the “Crystal Palace” gaming area at the Hotel Lisboa property is expected to open in July or August, Daisy Ho, chairman and ... -
Investment banks expect May GGR to reach MOP22.5 billion
The gaming revenue is expected to reach MOP22.5 billion in May, representing a 6% year-on-year increase, according to investment bank estimates, as daily gross gaming revenue ... -
Sands China gains market share as Londoner Macao drives growth
Sands China Ltd. increased its market share more than any other Macau casino operator in the first quarter of 2026, according to analysts at JP Morgan, ... -
Moody’s downgrades SJM, sees modest earnings growth
Moody’s Ratings has downgraded SJM Holdings Ltd.’s corporate family rating to B1 from Ba3, citing expectations of only gradual earnings growth over the next 12 to ... -
Experts caution against overreliance on AI in responsible gaming, call for clear standards
As artificial intelligence increasingly permeates the global gaming industry, a panel of experts at the G2E Asia + Asian IR Expo last week delivered a sharp ... -
GEG pledges continued non-gaming diversification as Q1 revenue rises 11%
Galaxy Entertainment Group (GEG) has reported a strong first quarter (Q1) for 2026, with net revenue rising 11% year-on-year to HKD12.4 billion, the company reported yesterday ... -
Wynn Macau EBITDAR up 10.9% as parent posts higher profit, unveils Enclave tower plan
Wynn Macau Ltd reported a 10.9% year-over-year increase in adjusted property EBITDAR to USD279.4 million in the first quarter, while parent Wynn Resorts Ltd posted higher ... -
SJM posts Q1 loss in self-op shift
SJM Holdings Ltd. posted a first-quarter loss for 2026 as the company fully shifted away from satellite operations, according to results released last week. The operator ... -
Melco beats revenue forecasts in Q1 2026, misses EPS
Melco Resorts & Entertainment Ltd (NASDAQ: MLCO) recently reported its first quarter 2026 results, posting revenue that exceeded analyst expectations while earnings per share (EPS) fell ... -
LVS plans 5-, 7-year unsecured bonds to refinance debt
Las Vegas Sands Corp. (LVS) plans to issue five- and seven-year senior unsecured bonds to refinance USD1 billion of 3.5% notes due in August 2026, while ... -
Casino growth expected to strengthen in May after April miss
Macau’s casino industry is expected to post stronger growth in May after April’s gross gaming revenue came in below forecasts, according to Seaport Research Partners. April GGR ... -
Premium mass gaming steady at start of Labor Day holiday, Citi says
Citigroup reported that Macau’s premium mass gaming segment showed “solid” wagering activity at the start of the Labor Day holiday, with performance levels ranking second only ... -
MGM China posts revenue gain amid profit dip in Q1 2026
MGM China Holdings Ltd. reported a 10% year-on-year increase in net revenues for the first quarter of 2026, reaching USD1.1 billion (HKD8.8 billion), even as profitability ... -
LVS beats Q1 forecasts, targets USD700 million Macau EBITDA
Las Vegas Sands Corp. (LVS) showcased strong first-quarter 2026 results, fueled by robust growth in its Macau and Singapore operations. The casino operator reported revenue of ... -
Seaport flags record mass revenue in Macau, warns of 2026 deceleration
Macau’s casinos posted the strongest mass-market gross gaming revenue (GGR) growth in the first quarter of 2026 since the third quarter of 2024, though industry margins ... -
Citi: Wynn Macau sees sharp gains in April
Wynn Macau Ltd. emerged as the top gainer in Citigroup’s latest monthly survey of premium mass table betting in Macau, capturing a 23% market share, up ... -
MGM executives hold high-level Beijing talks on tourism
Bill Hornbuckle, chief executive and president of MGM Resorts International, and other senior MGM China executives recently met with China’s Vice Premier He Lifeng, alongside Xu ... -
Casino revenue steady despite quarterly dip, says insider
Macau’s first-quarter gaming revenue rose 14.25% year-on-year to MOP 65.873 billion but edged down 0.28% from the previous quarter, with industry insiders predicting minimal fluctuations ahead. ... -
Analysts: EBITDA grows 7-8% in Q1 despite margin pressures
Macau’s casinos posted first-quarter EBITDA growth of 7% to 8% year-on-year, trailing the city’s 14.3% gross gaming revenue (GGR) surge due to unfavorable VIP-to-mass player mixes ... -
CBRE: GGR forecast to exceed estimates on strong demand
Driven by resilient consumer demand and tourism investments, CBRE analysts say that Macau’s gross gaming revenue (GGR) is poised to exceed 2026 forecasts. The analysts predict ... -
Analysts forecast slower April GGR growth after strong March
Macau’s gross gaming revenue (GGR) is expected to rise 10% to 12% year-over-year in April, though analysts warn that momentum may be slowing after strong March ... -
Melco parent posts strong 2025 rebound, eyes luxury expansion in 2026
Hong Kong-listed parent company of Melco Resorts, Melco International Development Limited, announced robust annual results for the year ended December 31, 2025, marking a turnaround from ... -
CreditSights: Macau on track to meet revenue target
CreditSights analysts forecast that Macau’s gaming industry remains on track to meet the government’s 2026 gross gaming revenue (GGR) target of MOP236 billion. The outlook follows ... -
Citi: GGR on track for MOP22 billion in March
Citigroup analysts forecast that Macau’s gaming revenue will climb 12% year-on-year in March to MOP22 billion (USD2.75 billion). In a recently released note, Citi’s George Choi ...
