Tag: Gaming
-
CLSA: GGR set to grow moderately after strong May
Macau’s casino sector posted a stronger-than-expected finish in May, but CLSA analysts expect the “solid” growth to soften in the coming months as tougher comparisons and ... -
Casinos post strongest May since pandemic
The gaming sector recorded its strongest May performance since the pandemic, with gross gaming revenue (GGR) reaching MOP22.61 billion, according to figures released by the Gaming ... -
Hubert Wang joins Sands China as chief operating officer
Former MGM China president and chief operating officer (COO) Hubert Wang is joining Sands China Ltd. (SCL) today as the company’s new COO, according to an ... -
Crystal Palace phase two to launch this summer
The second phase of the “Crystal Palace” gaming area at the Hotel Lisboa property is expected to open in July or August, Daisy Ho, chairman and ... -
Investment banks expect May GGR to reach MOP22.5 billion
The gaming revenue is expected to reach MOP22.5 billion in May, representing a 6% year-on-year increase, according to investment bank estimates, as daily gross gaming revenue ... -
Sands China gains market share as Londoner Macao drives growth
Sands China Ltd. increased its market share more than any other Macau casino operator in the first quarter of 2026, according to analysts at JP Morgan, ... -
Moody’s downgrades SJM, sees modest earnings growth
Moody’s Ratings has downgraded SJM Holdings Ltd.’s corporate family rating to B1 from Ba3, citing expectations of only gradual earnings growth over the next 12 to ... -
Experts caution against overreliance on AI in responsible gaming, call for clear standards
As artificial intelligence increasingly permeates the global gaming industry, a panel of experts at the G2E Asia + Asian IR Expo last week delivered a sharp ... -
GEG pledges continued non-gaming diversification as Q1 revenue rises 11%
Galaxy Entertainment Group (GEG) has reported a strong first quarter (Q1) for 2026, with net revenue rising 11% year-on-year to HKD12.4 billion, the company reported yesterday ... -
Wynn Macau EBITDAR up 10.9% as parent posts higher profit, unveils Enclave tower plan
Wynn Macau Ltd reported a 10.9% year-over-year increase in adjusted property EBITDAR to USD279.4 million in the first quarter, while parent Wynn Resorts Ltd posted higher ... -
SJM posts Q1 loss in self-op shift
SJM Holdings Ltd. posted a first-quarter loss for 2026 as the company fully shifted away from satellite operations, according to results released last week. The operator ... -
Melco beats revenue forecasts in Q1 2026, misses EPS
Melco Resorts & Entertainment Ltd (NASDAQ: MLCO) recently reported its first quarter 2026 results, posting revenue that exceeded analyst expectations while earnings per share (EPS) fell ... -
LVS plans 5-, 7-year unsecured bonds to refinance debt
Las Vegas Sands Corp. (LVS) plans to issue five- and seven-year senior unsecured bonds to refinance USD1 billion of 3.5% notes due in August 2026, while ... -
Casino growth expected to strengthen in May after April miss
Macau’s casino industry is expected to post stronger growth in May after April’s gross gaming revenue came in below forecasts, according to Seaport Research Partners. April GGR ... -
Premium mass gaming steady at start of Labor Day holiday, Citi says
Citigroup reported that Macau’s premium mass gaming segment showed “solid” wagering activity at the start of the Labor Day holiday, with performance levels ranking second only ... -
MGM China posts revenue gain amid profit dip in Q1 2026
MGM China Holdings Ltd. reported a 10% year-on-year increase in net revenues for the first quarter of 2026, reaching USD1.1 billion (HKD8.8 billion), even as profitability ... -
LVS beats Q1 forecasts, targets USD700 million Macau EBITDA
Las Vegas Sands Corp. (LVS) showcased strong first-quarter 2026 results, fueled by robust growth in its Macau and Singapore operations. The casino operator reported revenue of ... -
Seaport flags record mass revenue in Macau, warns of 2026 deceleration
Macau’s casinos posted the strongest mass-market gross gaming revenue (GGR) growth in the first quarter of 2026 since the third quarter of 2024, though industry margins ... -
Citi: Wynn Macau sees sharp gains in April
Wynn Macau Ltd. emerged as the top gainer in Citigroup’s latest monthly survey of premium mass table betting in Macau, capturing a 23% market share, up ... -
MGM executives hold high-level Beijing talks on tourism
Bill Hornbuckle, chief executive and president of MGM Resorts International, and other senior MGM China executives recently met with China’s Vice Premier He Lifeng, alongside Xu ... -
Casino revenue steady despite quarterly dip, says insider
Macau’s first-quarter gaming revenue rose 14.25% year-on-year to MOP 65.873 billion but edged down 0.28% from the previous quarter, with industry insiders predicting minimal fluctuations ahead. ... -
Analysts: EBITDA grows 7-8% in Q1 despite margin pressures
Macau’s casinos posted first-quarter EBITDA growth of 7% to 8% year-on-year, trailing the city’s 14.3% gross gaming revenue (GGR) surge due to unfavorable VIP-to-mass player mixes ... -
CBRE: GGR forecast to exceed estimates on strong demand
Driven by resilient consumer demand and tourism investments, CBRE analysts say that Macau’s gross gaming revenue (GGR) is poised to exceed 2026 forecasts. The analysts predict ... -
Analysts forecast slower April GGR growth after strong March
Macau’s gross gaming revenue (GGR) is expected to rise 10% to 12% year-over-year in April, though analysts warn that momentum may be slowing after strong March ... -
Melco parent posts strong 2025 rebound, eyes luxury expansion in 2026
Hong Kong-listed parent company of Melco Resorts, Melco International Development Limited, announced robust annual results for the year ended December 31, 2025, marking a turnaround from ... -
CreditSights: Macau on track to meet revenue target
CreditSights analysts forecast that Macau’s gaming industry remains on track to meet the government’s 2026 gross gaming revenue (GGR) target of MOP236 billion. The outlook follows ... -
Citi: GGR on track for MOP22 billion in March
Citigroup analysts forecast that Macau’s gaming revenue will climb 12% year-on-year in March to MOP22 billion (USD2.75 billion). In a recently released note, Citi’s George Choi ... -
MGM launches playing card recycling program with smart shredding system
MGM has launched a fully localized, end-to-end recycling and upcycling system for used playing cards, building on technology originally developed in 2023 for the world’s first ... -
JP Morgan downgrades MGM China to neutral on weak earnings, mediocre dividend
JP Morgan has downgraded MGM China Holdings Ltd (02282.HK) to “neutral” from overweight after the casino operator reported weaker-than-expected 2025 earnings and a disappointing dividend last ... -
MGM expands Macau suites, sees growth opportunities in Japan
As part of a push into premium mass gaming that has doubled the company’s market share since pre-COVID levels, MGM Resorts International plans to launch 124 ... -
Ponte 16 casino closure causes major loss for Success Universe’s earnings
The company Success Universe Group Limited, behind a now-shuttered satellite casino at Ponte 16 in Macau, has told the market it anticipates ending 2025 at a ... -
Wynn resumes work on UAE project
Wynn Resorts has resumed construction of its luxury resort in Ras Al Khaimah, UAE. Earlier this month, following Iranian attacks on UAE sites including Dubai Airport ... -
Analysts: GGR off to solid start in March despite cost pressures
Citigroup analysts described Macau’s gaming industry as off to a “solid start” in early March, with the bank estimating gross gaming revenue (GGR) reaching “circa MOP5.65 ... -
SJM posts HKD429M loss in 2025 as satellite casino closures weigh on revenue
SJM Holdings Limited reported a HKD429 million net loss for 2025, a stark turnaround from a HKD3 million profit the prior year, as the casino operator ... -
Deutsche Bank forecasts Q1 GGR to be 11.7% higher y-o-y
The German multinational investment bank and financial services company Deutsche Bank currently forecasts that local casinos’ gross gaming revenue (GGR) for the first quarter (Q1) of ...
