Tag: Gaming
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Galaxy posts 33% growth in full-year earnings
Galaxy Entertainment Group (GEG) reported its 2025 full-year results yesterday, with adjusted EBITDA rising 19% to HKD14.5 billion (USD1.86 billion) and net profit attributable to shareholders ... -
Citi sees modest February GGR growth on strong CNY play
Citigroup forecasts February gross gaming revenue at MOP20 billion, up 1% year-on-year, fueled by a 17% surge in Chinese New Year wagers, according to its latest ... -
Live poker footprint narrows as Wynn closes Texas Hold’em room
Macau’s live poker landscape recently took another hit with Wynn Macau’s quiet closure of its dedicated Texas Hold’em room. The room was reportedly vacant in late ... -
Casino operators permitted to offer on-site currency exchange
Gaming concessionaires Galaxy, Melco, and SJM received official authorization yesterday to continue operating currency exchange services within their casino premises, according to executive orders published in ... -
Mass market lags despite 24% January GGR rise: Analyst
Casinos in Macau posted gross gaming revenue of MOP22.63 billion (USD2.82 billion) in January, up 24% from MOP18.25 billion a year earlier, yet the mass-market segment ... -
Fitch upgrades LVS rating on Singapore strength, expects Macau rebound
Fitch Ratings has upgraded Las Vegas Sands Corp. and its subsidiaries’ issuer default ratings to “BBB” from a lower tier, citing strong performance in Singapore and ... -
Deutsche Bank forecasts GGR to reach MOP22.5 billion in February
Deutsche Bank predicts that Macau’s gross gaming revenue (GGR) will reach USD2.79 billion (MOP22.54 billion) in February, a 12.8% year-on-year increase that surpasses consensus estimates of ... -
January GGR Posts 24% Surge
Casinos generated MOP22.6 billion (USD2.8 billion) in gross gaming revenue (GGR) last month. This is the second time since the pandemic that records have hit a ... -
LVS disappointed with Sands China’s Q4 EBITDA decline
Las Vegas Sands Corp. expressed disappointment yesterday with its Macau portfolio’s fourth-quarter EBITDA of USD608 million, citing a 390-basis-point sequential drop in margins to 28.9% after ... -
JP Morgan: GGR holds steady in January
JP Morgan estimated Macau’s gross gaming revenue (GGR) at MOP 17.8 billion for the first 25 days of January, citing its own channel checks. Analysts DS ... -
Jefferies forecasts 5% GGR growth for casinos in 2026
Jefferies analysts project Macau’s gross gaming revenue to rise by 5.3% in 2026 to MOP260.6 billion, following 2025’s full-year result of MOP247.4 billion, up 9.1% year-on-year. ... -
Casinos see whale betting surge amid profit margin concerns
Citigroup’s January table survey shows a 72.3% year-over-year surge in betting volume by “multiple huge whales” across Macau’s casinos. The findings come even as JP Morgan ... -
Casino suspicious transactions drop 6% in 2025
Macau’s casinos reported 6.1% fewer suspicious transactions in 2025 compared with 2024, signaling tighter compliance in the world’s largest gambling hub. The Financial Intelligence Office (GIF) ... -
JP Morgan projects GGR of over MOP8b in the first 11 days of 2026
Analysts at JPMorgan Investment Bank estimate that the local gaming industry generated just over MOP8 billion in the first 11 days of this year. According to ... -
Galaxy, Wynn announce 2% salary update; others likely to follow
Gaming concessionaires Galaxy Entertainment Group (GEG) and Wynn Macau have announced a 2026 salary update for all eligible team members at the senior manager grade and ... -
Sands China, SJM announce 2025 bonuses; Sands to raise staff salaries
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 similar ... -
Melco, Wynn, MGM announce one-month bonuses for staff
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, in ... -
Fitch forecasts SJM retaining 50% of closed casino market share despite debt woes
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 in ... -
JP Morgan: Gaming revenue forecast to rise 5-6% in 2026
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 ... -
2025 GGR beats expectations, analysts eye MOP260 billion in 2026
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 the previous ... -
Morgan Stanley downgrades MGM China, upgrades Galaxy on royalty impact
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 earnings. ... -
SJM to directly operate Casino L’Arc Macau
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 coincides ... -
Casino win rates drop, daily gaming revenue declines
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 ... -
Closure of satellite casinos ensures healthy development of industry, says CE
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 ... -
Casinos slash mass bets to capture business from closed satellite venues
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 ... -
SJM shareholders approve HKD1.75 billion L’Arc Hotel acquisition
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 of ... -
Casino Landmark to close at year-end
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 concludes the three-year ... -
Casino Landmark to close at year-end
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 concludes the three-year ... -
JP Morgan: November GGR ‘surprisingly high’, December likely higher
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 market ... -
November GGR above MOP21 billion, accumulated growth at 8.6%
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 for ... -
CLSA projects 5% growth in GGR, expects higher dividends in 2026
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 forecast reflects ... -
Galaxy’s Raymond Voon named Sands China SVP of Marketing Strategy and Loyalty
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 ... -
premium gamblers drive resilience in market, UBS survey shows
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 ... -
Gov’t estimates 2026 GGR below original forecast for 2025
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 ... -
GGR projections omitted from Policy Address as CE urges caution
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 ...
