Casinos expected to close March with receipts of MOP19 billion

Local casinos are anticipated to close this month with earnings ranging between MOP19 to 19.5 billion, Citigroup and JP Morgan said in separate statements. According

MGM, Wynn resume dividend distributions

Investment firms are optimistic in view of last week’s dividend resumption announcements from MGM China and Wynn Macau, marking their first dividend distributions since the onset of

Wynn emerges as market-share leader in March: Citi

Wynn Macau Ltd, the operator of Wynn Macau and Wynn Palace, emerged as the market-share leader in the March survey, capturing 25% of the observed wager

Beijing urges citizens in Singapore to avoid gambling

The Chinese embassy in Singapore has urged Chinese citizens in the city-state to stay away from gambling, reiterating that cross-border gambling violates Chinese laws –

Casinos to embrace RFID technology by year-end

All major casino operators in Macau will soon have radio frequency identification (RFID) technology integrated into all table games as part of an effort to improve

Daily GGR MOP6.1b for first 10 days of March

Macau's gross gaming revenue (GGR) for the first 10 days of March was approximately MOP6.1 billion, with an average daily GGR of around MOP610 million.

SJM Holdings narrows loss in 2023 as earnings top HKD20b

Gaming operator SJM Holdings Ltd. reported a loss in 2023, attributing it to the sectors recovery, after recording a full-year loss of HKD2.01 billion, from nearly

February GGR hits MOP18.49 billion

The gross gaming revenue (GGR) of Macau’s casinos increased 79.1% year-on-year in February, reaching MOP18.49 billion. This figure fell slightly below projections from

Melco’s market share loss prompts management shake up

Casino operator Melco Resorts & Entertainment experienced a decline in market share in Macau in 2023, which was a contributing factor in the decision to

Galaxy revenues hit HKD36b in 2023, to open office in Bangkok

Galaxy Entertainment Group (GEG) recorded a revenue surge in 2023, hitting HKD35.7 billion, up 211% compared to the year prior. The gaming operator’s

No timeline yet on new Melco COO following Sisk’s departure

Melco has confirmed it is considering potential candidates, with no timeline yet to fill the position – that was managed by Sisk who has over 25

Fitch forecasts further improvement supported by steady tourism recovery

Fitch Ratings anticipates 15% economic growth for Macau this year, with gaming tourism recovery underpinning its expectations of strong economic growth for Macau in 2024.

Gangs shift from Macau casinos to poorly regulated countries: report

Casino criminals have moved from Macau to other parts of Asia, according to a report issued by The Weekend Australian. The report has noted that gangs

February GGR might top MOP19.8b amid casino stocks surge

Shares of MGM China Holdings Ltd. surged 10% in Hong Kong, reaching their highest level since June 2021. Galaxy Entertainment Group Ltd. and Wynn Macau

January GGR beats analysts’ projections as revenues surge 67%

Macau’s casino revenues surged 67% year-on-year in January to MOP19.3 billion, beating analysts’ estimates as the sector continues its recovery ahead of the Chinese New Year.

January GGR beats analysts’ projections as revenues hit MOP19b

Macau’s casino revenues surged by up to 67% year-on-year in January to MOP19.3 billion, beating analysts estimates as the sector continually recovers ahead of the Chinese New Year. Data from the

Las Vegas Sands 4Q revenue to rise amid tourism recovery: Dow Jones

Las Vegas Sands, a major player in the casino and resort industry, is set to announce its fourth-quarter earnings today , with “a notable net profit

More patrons trigger better casino service post-pandemic, survey finds

In 2023, more gamblers fostered better services at casinos, a survey hosted by the Macau Gaming Research Association (MGRA) aimed at generating Gaming Service Index (GSI)

Upward trend to continue in Macau casinos

Macau’s gross gaming revenue (GGR) for the first 21 days of January 2024 totaled MOP13 billion ($1.6 billion). This resulted in an average daily revenue of

LVS to spend additional $750M to revamp MBS

In a strategic move to capitalize on Singapore’s soaring room rates and a booming post-pandemic travel sector, Las Vegas Sands (LVS), steered by the late casino magnate

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