FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,
The World Cup may be the globe’s biggest sporting event, yet in the United States in the fall, it competes with a full sports betting
Casino revenues in November plunged 56% from the previous year to MOP3 billion patacas, another figure that is set to likely put Macau on its
Casino shares rallied yesterday following the announcement of the new licenses the incumbent big six will receive by the end of the year, with Wynn
The six incumbent operators will retain their concessions and will be awarded a 10-year license, ending the major uncertainties surrounding the concessionaires who have long been
Gaming operators awarded provisional concessions have expressed their gratitude towards the SAR government following the announcement of bid winners Saturday. The concession is awarded on
The six incumbent operators will retain their concessions and will be awarded a 10-year license, the government committee for the gaming concessions public tender announced this morning (Saturday). The
PublicInvest Research said today (Friday) that Genting Malaysia (GenM) could face a "cash drain" in the short term should it secure a gaming concession in Macau. GenM is bidding in the
The Macau Government will possibly announce the preliminary results of the international tender for six gaming concessions at a press conference tomorrow morning (Saturday), which was scheduled by
It has been confirmed that the local government is trying to reduce casino activities to irrelevance or something merely residual through diversification of the economy
Morgan Stanley is expecting the gaming industry’s near-term recovery to remain choppy due to the Covid-19 spikes in Guangdong and mainland China. Despite resumption
The reported MOP100 billion investment from casino-license bidders is considered unsurprising, despite the sector bleeding cash with no certainty on recovery. With the
The investment plans of future gaming concessionaires cumulatively amount to a staggering MOP100 billion amid uncertainties surrounding the city’s full border opening. According to a TDM
Local resort operator Galaxy Entertainment Group (GEG) has recorded a loss of HKD581 million in its adjusted EBITDA for the third quarter of this year.
The effort to legalize sports betting in California ran headlong into a typical challenge for competing ballot measures as each was battered in a torrent of negative advertising that doomed both to spectacular failure in the most expensive ballot race in U.S. history.
MGM China recorded a widened loss during the third quarter of this year as total revenues stood at HKD687 million, compared to HKD1.1 billion in the
The construction of Studio City Phase 2 is progressing on schedule and it is anticipated that the opening will be conducted in stages, beginning in
Brokerage firm Morgan Stanley has amended its forecast for the city’s gaming sector in 2022 to just under MOP44.93 billion. Analysts Praveen Choudhary and
Total expenditure of the gaming sector rose by 15.2% year-on-year to MOP53.48 billion, driven by a 45.4% increase in operating expenses (MOP14.47 billion). The sector
The government conducted another round of negotiations with the seven bidders for the city’s 10-year gaming concessions yesterday. As cited in a TDM report, today’s
Sands China has held several rounds of discussion with the government regarding the current gaming tender deliberation and is expecting a notice on the next development by
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