FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,
Sands China and SJM Resorts announced discretionary bonuses for 2025, completing pledges from all six casino operators in Macau. The special one-month bonus statements follow
Melco Resorts & Entertainment, Wynn Macau, and MGM China Holdings have joined Galaxy Entertainment Group (GEG) in granting a special one-month bonus to eligible employees,
SJM Holdings Ltd. is expected to hold onto at least half the market share from its shuttered satellite casinos through resource shifts and marketing gains
Macau's gross gaming revenue is forecast to rise 5-6% in 2026 on strength in the mass and slot markets, JP Morgan analysts said in a new
The local casino industry closed out 2025 with total gross gaming revenue (GGR) of MOP247.4 billion. The final figure confirms the forecast made by
Morgan Stanley downgraded MGM China Holdings to “equal-weight” from “overweight”, while upgrading Galaxy Entertainment Group to “overweight,” warning that surging royalty payments will erode MGM’s
SJM Resorts, S.A. has secured Macao SAR Government approval to directly manage Casino L’Arc Macau starting at 2 a.m. on Tuesday, Dec. 30. The move
Macau's average daily gaming revenue fell to MOP650 million last week, driven by lower VIP room win rates, signaling a slight slowdown in the city’s casino
Chief Executive Sam Hou Fai said yesterday that the closure of satellite casinos is part of the government’s efforts to ensure the gaming industry develops in
Macau's concessionaires appear to be cutting minimum bets in mass-market baccarat to capture business from the city’s now-defunct satellite casinos, according to a Citigroup survey that
In a landslide vote at an extraordinary general meeting (EGM) yesterday morning, shareholders of SJM Holdings Ltd. greenlit the HKD1.75 billion (USD 224 million) acquisition
Macau's last remaining satellite casino, Casino Landmark, will cease operations at 11:59 p.m. on December 30, SJM Resorts S.A. announced yesterday. This closure
Macau’s last remaining satellite casino, Casino Landmark, will cease operations at 11:59 p.m. on December 30, SJM Resorts S.A. announced yesterday. This closure
The American multinational banking and investment consultancy firm JP Morgan has acknowledged local casino results as surprisingly high. In the company’s latest report, JP Morgan
November closed with gross gaming revenue (GGR) reaching MOP21.088 billion, a year-on-year increase of 14.4% compared to 2024. November results from local casinos also account
Macau's gross gaming revenue (GGR) is set to grow 5% in 2026, reaching about MOP259 billion (USD32.3 billion), according to brokerage firm CLSA. This
Sands China Ltd has appointed Raymond Voon as senior vice president of Marketing Strategy and Loyalty, according to an internal memo obtained yesterday. The move follows
A recent survey by UBS Securities Asia Ltd shows that the gaming sector is benefiting from a growing and more affluent mass-market segment. The study found
The government projects the city’s casino gross gaming revenue (GGR) to reach MOP236 billion in 2026. This forecast, omitted from Chief Executive (CE) Sam Hou Fai’s
Gross gaming revenue (GGR) projections were omitted for the first time in a Policy Address, with Chief Executive Sam Hou Fai stating that “careful consideration is required.
Morgan Stanley described the outlook for the gaming industry as positive in a recent memo, noting that monthly gross gaming revenue (GGR) continues to grow at
Sands China Limited (SCL) inaugurated its Sands Responsible Gaming Academy yesterday, aiming to raise awareness of responsible gambling practices and promote self-discipline among employees.
SJM Holdings Limited reported a decline in total revenue for the third quarter (Q3), as the phased cessation of satellite casino operations and intensifying market
The city’s gross gaming revenue (GGR) is expected to reach MOP20.5 billion in November, according to recent industry reports, as early-month figures point to a
Melco Resorts & Entertainment Limited reported an 11% year-over-year rise in total operating revenues for the third quarter driven largely by continued improvement across its Macau
Galaxy Entertainment Group (GEG) reported a 14% year-on-year increase in group net revenue to HKD12.2 billion for the third quarter of 2025, with adjusted EBITDA
The casino industry defied expectations in October, posting its strongest gains since mid-summer as casinos recorded gross gaming revenue (GGR) of nearly MOP24.09 billion, representing
Courtesy Bloomberg Macau’s casino industry defied expectations in October, posting its strongest gains since mid-summer. Gross gaming revenue climbed 15.9% year-on-year to MOP24.09 billion ($3.01 billion) — beating the median
MGM China announced that third-quarter Adjusted EBITDAR reached HKD2.37 billion (USD305 million), marking a 20% increase year-on-year, according to parent company MGM Resorts International. During
The gambling sector is showing a robust recovery, with Citigroup reporting that total gross gaming revenue (GGR) for the first 26 days of October may have
Two satellite casinos – Emperor Palace Casino and Waldo Casino – are set to cease operations this week, ahead of the December 31 deadline concluding the
Sands China executives said smart-table technology is set to play a growing role in reshaping Macau’s gaming landscape, following its success in Singapore. In an earnings call last
Sands China Ltd. posted a 7.5% increase in total net revenue to USD1.90 billion (MOP15.2 billion) for the third quarter of 2025 compared with the same
Macau's gaming sector is expected to see solid full-year growth in 2025 despite some anticipated slowing in the final quarter, according to Seaport Research Partners. The
Concessionaires saw an unexpected surge last week, with gross gaming revenue (GGR) hitting MOP743 million daily, a 25% increase from the previous week’s MOP593 million per
Copyright © Macau Daily Times 2008-2022. All Rights Reserved
