FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,
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
Japanese gaming tycoon Kazuo Okada was arrested by police authorities at Ninoy Aquino International Airport earlier this week, months after his group launched a “violent” takeover of
Australian gaming giant Star Entertainment Group has been fined AUD100 million amidst pressure to reform their operations following reports of money-laundering activities. The
New Jersey’s casinos, horse tracks that offer sports betting and the online partners of both types of gambling outlets won nearly $485 million from gamblers
Brokerage JP Morgan Securities (Asia Pacific) has stated that the recent letter sent by Asian American Entertainment Corporation (AAEC) to the city’s gaming commission for casino
Local gross gaming revenue (GGR) will never return to the pre-pandemic levels and, at most, will only recover to 70% of 2019 levels, Professor Zheng Zhonglu, head
Macau's gaming sector’s recovery remains far-off despite the recent easing of travel restrictions with mainland China. Visitor numbers to Macau are beginning to recover but
The city’s big six shares are in free fall at the Hong Kong Stock Exchange, with Sands China and Wynn Resorts leading the plunge with
Casino shares have been trading lower since Monday following new cases detected in the neighboring region. The downturn follows the National Day Golden Week in
The city’s casinos are seeing daily average revenues double when compared to the first nine days of September. A note issued by JP Morgan Securities
SJM Resorts managing director Daisy Ho has acquired a 10% stake in the company after assuming Angela Leong’s former role amid management changes – a
September has been another bleak month for the city’s casinos as revenues plunged 49.6% year-on-year to MOP2.96 billion, another blow to the sector as China’s
Daisy Ho has been appointed managing director (“administradora-delegada”) of SJM Resorts, S.A., amid the ongoing tender selection process regarding who will be awarded the 10-year
UBS analyst Angus Chan is estimating that the city’s mass gross gaming revenue (GGR) will reach 40% of pre-pandemic levels in the fourth quarter.
Brokerage firm Morgan Stanley observed that the recovery of the local gaming sector may only be seen by 2024, despite the long-awaited announcement of group visa reinstatements.
Gaming shares soared yesterday, the highest surge recorded in six months following a long- awaited announcement that will bring an end to the tourism drought that
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