Cybersecurity issue prompts computer shutdowns at MGM properties across US

A “cybersecurity issue” led to the shutdown of some casino and hotel computer systems at MGM Resorts International properties across the U.S., a company official reported yesterday .

September GGR likely to be down 6%: Morgan Stanley

September's gross gaming revenue “isn’t going to wow anyone, not only due to seasonality (a shoulder season between the summer holidays and October Golden Week), but also

Melco: Operational capacity in place to meet growing customer demand

Labour supply issues at Melco have now mostly been resolved as Melco opens its doors wider to meet the growing customer demand in Macau, chairman

Definitely bigger than Vegas, again: Macau GGR increases 7-fold in August

The city’s casino recovery is sustaining its momentum, with gaming revenue in August soaring a staggering 686% from a year earlier to the highest level since January 2020. Gross gaming revenue

UM academic expects 2023 GGR to reach MOP180b

A University of Macau (UM) academic has estimated this year’s gross gambling revenue (GGR) will reach MOP180 billion, higher than the government’s expectation of MOP130 billion.

Citigroup: High rollers back on city’s gaming tables

High rollers seem to have their bets back on the games of chance in Macau. A weekly channel check from Citigroup noted that it

Galaxy posts HKD15b revenue, announces overseas business development offices

Galaxy Entertainment Group posted net revenues of HKD15.7 billion in the first half of the year, up 141% year-on-year, while its adjusted EBITDA was HKD4.4 billion,

JP Morgan forecasts August to hit another high in gaming revenue

Analysts from the financial services firm JP Morgan Securities (Asia Pacific) Limited are forecasting that August will break the gross gaming revenue (GGR) record that

Casino revenues at MOP3.2b so far: JP Morgan

Gross gaming revenue (GGR) for the first six days of August stood at MOP3.2 billion, a figure slightly lower than the previous month, investment bank JP

Melco losses narrow as revenue jumps to USD948m

Melco Resorts & Entertainment’s operating revenue for the second quarter of 2023 jumped to USD947.9 million, an increase of approximately 220% from USD296.1 million for the

Increasing investment promised by gaming ops: Wilfred Wong

All six casino operators have promised the government that, over the next 10 years, during the new concession period, the integrated operators will promote the non-gaming

Fitch revises LVS outlook to positive on strong Macau rebound

Fitch Ratings has affirmed Las Vegas Sands ‘BB+’ rating and revised its outlook to positive from negative as it reflects “the strong rebound in the Macau

Casino revenues hit post-pandemic high

The city’s gross gaming revenue (GGR) continued to strengthen in July, returning to about 68% of pre-pandemic levels, hitting a post-pandemic high. Data from

Casino mogul Steve Wynn fined $10M to end fight over claims of workplace sexual misconduct in Nevada

Casino mogul Steve Wynn has ended a yearslong legal fight with Nevada gambling regulators that started with claims of workplace sexual misconduct, agreeing to pay a

Casino ops to transition into Vegas, Singapore model: Macquarie

Macau casino operators are slated to transition to a Las Vegas Strip or Singapore model, a transformation which will focus on switching Macau from being a gaming

Cheng family takes over Hoiana Resort in Vietnam from Alvin Chau

Hong Kong’s billionaire Cheng family has taken control of Hoiana Resort & Golf in Vietnam’s central Quang Nam province from Macau gambling kingpin Alvin Chau, who

Sands China announces profits of MOP1.5b in Q2

Sands China Ltd. (SCL) announced their second quarter (Q2) results yesterday, reporting a net revenues of USD187 million (MOP1.5 billion) for the second quarter of 2023, a

July to be the best GGR month so far: JP Morgan

Analysts from the financial services firm JP Morgan Securities (Asia Pacific) Limited are forecasting that July 2023 will be the best month so far in

Casino revenues to hit 100% pre-Covid levels by October: JP Morgan

Gaming revenues are likely to hit 100% of pre-Covid levels by October as the first nine days of July recorded a robust recovery, according to JP

Casino revenues drop 2.3% to MOP15b in June

Gross Gaming Revenue (GGR) from local casinos dropped by 2.3% in June when compared with the previous month, official figures released by the Gaming Inspection

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