CBRE: Investors should ‘double down’ on gaming stocks

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

New Baccarat side bets coming for Golden Week

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

Casinos poised for growth amid market challenges

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 unveils revamped Londoner grand casino

Sands China Ltd. has officially opened the remodeled Londoner Grand Casino, formerly known as the Pacifica, at The Londoner Macao resort. The grand

Macau faces growing regional competition in a changing IR landscape

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,

Citi: ‘Whales’ betting more in 2024 than last year

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 has funding flexibility for new projects globally

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 partners with Agoda to promote global tourism

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

Wynn Resorts paying $130M for letting illegal money reach gamblers at Vegas Strip casino

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

Casinos to face revenue decline in September

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

Seasonal trends drive August revenues to soar 15%

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

Claw machine games are Rio de Janeiro’s new public enemy

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,

SJM Holdings reports 47% rise in H1 revenues

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

Seaport: Sands may resume dividends in 2025

Casino operator Sands China Ltd is expected to resume dividend payments as early as 2025, according to a note from Seaport Research Partners.

Moody projects Melco earnings to continually improve

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

Hospitality workers at Venetian Las Vegas reach tentative deal on first-ever union contract

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

Citibank: Premium mass demand strong despite crackdown

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,

Galaxy sees stabilizing player reinvestment

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 reports strong Q2 performance

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

Lawrence Ho downplays money exchange crackdown on soft revenues

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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