Despite a recent rally in Macau gaming stocks, research house CBRE Equity is recommending investors increase their holdings, saying valuations remain low. In a move
Macau's casino regulator has approved the launch of two new baccarat side bets, “Lucky 7” and “Super Lucky 7,” which are expected to debut on gaming
The gaming sector is showing signs of resilience, with a recent Morgan Stanley report highlighting potential growth as market capitalization hovers near historical lows.
Sands China Ltd. has officially opened the remodeled Londoner Grand Casino, formerly known as the Pacifica, at The Londoner Macao resort. The grand
Integrated resorts (IRs) must adapt to government expectations and shifting market dynamics to remain competitive, a gaming expert said. Niall Murray, an expert in IRs,
High rollers known as “whales” have wagered more money in Macau in 2024 than all last year, according to a new report from Citigroup. Citi analyst
MGM Resorts International has the financial strength and flexibility to pursue multiple new integrated resort developments simultaneously, including potential opportunities in Thailand, the United Arab
Sands China has formed a strategic partnership with digital travel company Agoda to promote tourism in Macau, the companies announced. The collaboration aims to attract international visitors
Casino company Wynn Resorts Ltd. has agreed to pay $130 million to federal authorities and admit that it let unlicensed money transfer businesses around the world funnel funds
Gross gaming revenue for Macau’s casinos is forecast to decline in September, according to analysts’ predictions. After record-breaking revenue in August, the summer momentum is expected
Gaming operators reported a significant rebound in gross gaming revenue (GGR) for August, reaching MOP19.8 billion (USD2.46 billion), a 14.8% increase year-on-year and a 6.2% rise
Rio de Janeiro — already notorious for street muggings, corrupt politicians, ruthless militias and Kalashnikov-toting drug traffickers — has a new public enemy: plushies. Or, more specifically,
Casino operator SJM Holdings has announced a significant increase in net revenue for the first half of 2024, reporting a year-on-year growth exceeding 47%, along with a
Casino operator Sands China Ltd is expected to resume dividend payments as early as 2025, according to a note from Seaport Research Partners.
Moody’s Investors Service has assigned a stable outlook to Melco Resorts Finance Ltd. and Studio City Finance Ltd., signaling its belief earnings and financial leverage at
Thousands of hospitality union workers on the Las Vegas Strip have reached a tentative deal with the Venetian and Palazzo resorts, a first for employees at the
Demand from mainland high rollers continues to drive Macau’s lucrative premium mass segment despite recent efforts to curb illegal money flows, according to analysts. In a recent note,
The management of casino operator Galaxy Entertainment Group Ltd (GEG) has indicated in a recent conference call with investment analysts that the trend of elevated
Galaxy Entertainment Group (GEG) has announced impressive financial results for the second quarter and first half of 2024, demonstrating a 37% year-on-year increase in net revenue to
Melco Resorts Chairman and CEO Lawrence Ho has attributed the recent softness in Macau’s gaming market to factors like the Euro 24 football championships and
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