Revenues drop 5.6% in January; analysts say decline was expected

Revenues of local casinos dropped by 5.6% in January, totaling MOP18.254 billion, according to data from the Gaming Inspection and Coordination Bureau. This figure contrasts

CreditSights: Gaming revenue to grow by 8% this year

Macau's gross gaming revenue (GGR) is projected to grow by 8% in 2024, surpassing the government’s target for 2025, according to CreditSights. The Fitch Group

Another three gaming ops announce salary increments

MGM, Melco, and SJM joined the previous announcements of Sands and Galaxy announcing their salary increments for their workers. As expected, the three local gaming

CNY forecasted to post a 4% GGR increase y-o-y

Analysts expect the local gaming industry to generate moderate revenue growth during the Lunar New Year (CNY) Spring Festival. In their most recent forecast,

Gaming ops file record number of suspicious transaction reports in 2024

Macau’s gaming operators reported a record 3,837 suspicious transaction reports (STRs) in 2024, an 11.8% increase from the previous year, according to the Financial Intelligence Office (GIF).

Macau-based investor increases stake in Star Entertainment amid financial struggles

Star Entertainment’s financial woes have taken a curious turn as Macau-based businessman Xingchun Wang increased his stake in the company for the second time in a

Touted as Macau’s threat, Thailand approves draft bill to legalize casinos

Thailand’s Cabinet approved a draft bill yesterday to legalize casinos with the aim of boosting tourism and addressing a sluggish economy. Currently, some forms of

Casino revenue forecast to rise in January

Casino gross gaming revenue (GGR) is expected to rise 6.6% year-over-year and 13.3% month-over-month in January, fueled by the upcoming Lunar New Year holiday, according to

Casinos with results above gov’t expectations despite December’s ‘poor’ results

Macau casinos closed the year with an accumulated gross gaming revenue (GGR) of MOP226.78 billion. The final figures released by the Gaming Inspection and Coordination Bureau

New collaboration model between gaming ops, junkets

The gaming industry is witnessing the emergence of a new partnership model between gaming concessionaires and junkets. According to an interview with Ming Pao Hong

From sleepy monopoly to world’s biggest gaming market

Millions of visitors from around the world flock to Macau each year, a city that has evolved from a quiet destination into the “Gambling Capital of the World.”

Citi: mixed signals ahead of Xi’s visit

Gaming operators are seeing a mixed outlook ahead of President Xi Jinping’s upcoming visit, according to a note from Citi analysts George Choi and Timothy Chau. While

Another month, another record smashed for New Jersey internet gambling

New Jersey’s red-hot internet gambling market continued to smash records in November, even as revenue inside physical casinos continued to lag behind pre-pandemic levels at

Macau faces threat to economic dominance amid Thailand’s potential gaming legalization

Macau's casino-dependent economy could face significant challenges as Thailand moves to legalize gaming and Macau struggles to develop new non-gaming attractions, according to two industry

Study highlights city’s shift from gambling to cultural diversity

A recent study by researchers from Shenzhen Tourism College of Jinan University reveals a significant shift in Macau's tourism landscape. The city, known primarily as a gambling hub, is

Casino revenues up 15% to MOP18.44 billion in November

Local casinos’ gross gaming revenues (GGR) reached MOP18.438 billion last month the Gaming Inspection and Coordination Bureau has announced. The results, published yesterday, show

Gaming workers face increased stress: survey

The gaming industry is facing a rise in mental health issues among its workforce, according to a recent survey from the Macao Gaming Industry Employees Home

Non-gaming investments rise, but revenues decline amid Japan, Thailand threats

Despite casinos investing more in non-gaming sectors this year compared to 2023, the numbers are considered to be declining, according to industry expert Ben Lee. As

Jefferies projects strong revenue recovery amid economic optimism

Gaming analysts are reporting an improving economic outlook for the region as the local government has announced its expectations of a higher gross gaming revenue (GGR)

Citi: Operators accelerate rollout of smart gaming tables

Macau's gaming industry is undergoing a technological transformation, with a surge in the deployment of smart gaming tables across its gaming floors. Several operators have

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