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

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

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

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

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

MGM launches playing card recycling program with smart shredding system

MGM has launched a fully localized, end-to-end recycling and upcycling system for used playing cards, building on technology originally developed in 2023 for the world’s

JP Morgan downgrades MGM China to neutral on weak earnings, mediocre dividend

JP Morgan has downgraded MGM China Holdings Ltd (02282.HK) to “neutral” from overweight after the casino operator reported weaker-than-expected 2025 earnings and a disappointing dividend last

MGM expands Macau suites, sees growth opportunities in Japan

As part of a push into premium mass gaming that has doubled the company’s market share since pre-COVID levels, MGM Resorts International plans to launch

Ponte 16 casino closure causes major loss for Success Universe’s earnings

The company Success Universe Group Limited, behind a now-shuttered satellite casino at Ponte 16 in Macau, has told the market it anticipates ending 2025 at

Wynn resumes work on UAE project

Wynn Resorts has resumed construction of its luxury resort in Ras Al Khaimah, UAE. Earlier this month, following Iranian attacks on UAE sites including Dubai

Analysts: GGR off to solid start in March despite cost pressures

Citigroup analysts described Macau’s gaming industry as off to a “solid start” in early March, with the bank estimating gross gaming revenue (GGR) reaching “circa MOP5.65

SJM posts HKD429M loss in 2025 as satellite casino closures weigh on revenue

SJM Holdings Limited reported a HKD429 million net loss for 2025, a stark turnaround from a HKD3 million profit the prior year, as the casino

Deutsche Bank forecasts Q1 GGR to be 11.7% higher y-o-y

The German multinational investment bank and financial services company Deutsche Bank currently forecasts that local casinos’ gross gaming revenue (GGR) for the first quarter (Q1)

Despite record visitation, GGR dropped nearly 9% m-o-m in February

Despite record-high visitor arrivals in February, a month that also coincided with the peak Chinese New Year (CNY) travel season, monthly gross gaming revenue (GGR) showed

Galaxy posts 33% growth in full-year earnings

Galaxy Entertainment Group (GEG) reported its 2025 full-year results yesterday, with adjusted EBITDA rising 19% to HKD14.5 billion (USD1.86 billion) and net profit attributable to

Citi sees modest February GGR growth on strong CNY play

Citigroup forecasts February gross gaming revenue at MOP20 billion, up 1% year-on-year, fueled by a 17% surge in Chinese New Year wagers, according to its latest

Live poker footprint narrows as Wynn closes Texas Hold’em room

Macau's live poker landscape recently took another hit with Wynn Macau’s quiet closure of its dedicated Texas Hold’em room. The room was reportedly vacant in

Casino operators permitted to offer on-site currency exchange

Gaming concessionaires Galaxy, Melco, and SJM received official authorization yesterday to continue operating currency exchange services within their casino premises, according to executive orders published in

Mass market lags despite 24% January GGR rise: Analyst

Casinos in Macau posted gross gaming revenue of MOP22.63 billion (USD2.82 billion) in January, up 24% from MOP18.25 billion a year earlier, yet the mass-market segment shows

Fitch upgrades LVS rating on Singapore strength, expects Macau rebound

Fitch Ratings has upgraded Las Vegas Sands Corp. and its subsidiaries’ issuer default ratings to “BBB” from a lower tier, citing strong performance in Singapore

Deutsche Bank forecasts GGR to reach MOP22.5 billion in February

Deutsche Bank predicts that Macau’s gross gaming revenue (GGR) will reach USD2.79 billion (MOP22.54 billion) in February, a 12.8% year-on-year increase that surpasses consensus estimates of 11.5%

January GGR Posts 24% Surge

Casinos generated MOP22.6 billion (USD2.8 billion) in gross gaming revenue (GGR) last month. This is the second time since the pandemic that records

LVS disappointed with Sands China’s Q4 EBITDA decline

Las Vegas Sands Corp. expressed disappointment yesterday with its Macau portfolio’s fourth-quarter EBITDA of USD608 million, citing a 390-basis-point sequential drop in margins to 28.9% after

JP Morgan: GGR holds steady in January

JP Morgan estimated Macau’s gross gaming revenue (GGR) at MOP 17.8 billion for the first 25 days of January, citing its own channel checks. Analysts DS

Jefferies forecasts 5% GGR growth for casinos in 2026

Jefferies analysts project Macau’s gross gaming revenue to rise by 5.3% in 2026 to MOP260.6 billion, following 2025’s full-year result of MOP247.4 billion, up 9.1%

Casinos see whale betting surge amid profit margin concerns

Citigroup’s January table survey shows a 72.3% year-over-year surge in betting volume by “multiple huge whales” across Macau’s casinos. The findings come even as JP

Casino suspicious transactions drop 6% in 2025

Macau's casinos reported 6.1% fewer suspicious transactions in 2025 compared with 2024, signaling tighter compliance in the world’s largest gambling hub. The Financial Intelligence Office

JP Morgan projects GGR of over MOP8b in the first 11 days of 2026

Analysts at JPMorgan Investment Bank estimate that the local gaming industry generated just over MOP8 billion in the first 11 days of this year. According

Galaxy, Wynn announce 2% salary update; others likely to follow

Gaming concessionaires Galaxy Entertainment Group (GEG) and Wynn Macau have announced a 2026 salary update for all eligible team members at the senior manager grade and

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