Galaxy revenues hit HKD36b in 2023, to open office in Bangkok

Galaxy Entertainment Group (GEG) recorded a revenue surge in 2023, hitting HKD35.7 billion, up 211% compared to the year prior. The gaming operator’s

No timeline yet on new Melco COO following Sisk’s departure

Melco has confirmed it is considering potential candidates, with no timeline yet to fill the position – that was managed by Sisk who has over 25

Fitch forecasts further improvement supported by steady tourism recovery

Fitch Ratings anticipates 15% economic growth for Macau this year, with gaming tourism recovery underpinning its expectations of strong economic growth for Macau in 2024.

Gangs shift from Macau casinos to poorly regulated countries: report

Casino criminals have moved from Macau to other parts of Asia, according to a report issued by The Weekend Australian. The report has noted that gangs

February GGR might top MOP19.8b amid casino stocks surge

Shares of MGM China Holdings Ltd. surged 10% in Hong Kong, reaching their highest level since June 2021. Galaxy Entertainment Group Ltd. and Wynn Macau

January GGR beats analysts’ projections as revenues surge 67%

Macau’s casino revenues surged 67% year-on-year in January to MOP19.3 billion, beating analysts’ estimates as the sector continues its recovery ahead of the Chinese New Year.

January GGR beats analysts’ projections as revenues hit MOP19b

Macau’s casino revenues surged by up to 67% year-on-year in January to MOP19.3 billion, beating analysts estimates as the sector continually recovers ahead of the Chinese New Year. Data from the

Las Vegas Sands 4Q revenue to rise amid tourism recovery: Dow Jones

Las Vegas Sands, a major player in the casino and resort industry, is set to announce its fourth-quarter earnings today , with “a notable net profit

More patrons trigger better casino service post-pandemic, survey finds

In 2023, more gamblers fostered better services at casinos, a survey hosted by the Macau Gaming Research Association (MGRA) aimed at generating Gaming Service Index (GSI)

Upward trend to continue in Macau casinos

Macau’s gross gaming revenue (GGR) for the first 21 days of January 2024 totaled MOP13 billion ($1.6 billion). This resulted in an average daily revenue of

LVS to spend additional $750M to revamp MBS

In a strategic move to capitalize on Singapore’s soaring room rates and a booming post-pandemic travel sector, Las Vegas Sands (LVS), steered by the late casino magnate

Citi, JP Morgan raise January gaming revenue forecast to MOP18 billion

Based on industry channels, Macau’s GGR for the first 14 days of January reached MOP8.6 billion, or an average gross gaming (GGR) revenue of MOP600 million per

MGM, Galaxy announce pay rise

Gaming operators MGM and Galaxy have announced a salary increment for all eligible team members, with effect from March and April, respectively. The pay rise

Slash in junkets a ‘normal market adjustment’

The slash in the number of Macau’s junkets is in line with the city’s development on economic transformation. Macau has again seen a reduction

From besting Tetris AI to epic speedruns – inside gaming’s most thrilling feats

After 13-year-old Willis Gibson became the first human to beat the original Nintendo version of Tetris, he dedicated his special win to his father, who passed away

Casino revenues projected to slow down

Industry insiders foresee that gross gaming revenue (GGR) will face a slight deceleration, estimating a range between MOP540 million and MOP590 million per day. The

Gaming ops announce bonuses, pay rise

Gaming operators have announced a one-month discretionary bonus for all eligible non-management team members before the Chinese New Year. Over the weekend, Melco Resorts &

Local expert forecasts 2024 GGR to grow 15% from 2023

Local gaming industry expert and analyst Ben Lee has projected that local casinos’ gross gaming revenue (GGR) in 2024 should increase by some 15% when compared

SJM to see positive cash flow in 2024

Fitch Ratings has revised the Outlook on SJM Holdings Limited’s (SJM) Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative as the outlook reflects the robust

Number of junkets plunges to 18 this year

Macau has again seen a reduction of licensed junkets this year after figures from the government show the number of gaming promoters has been slashed to

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