Tag: Gaming
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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 ... -
Morgan Stanley sees 16% GGR growth through 2026
Morgan Stanley described the outlook for the gaming industry as positive in a recent memo, noting that monthly gross gaming revenue (GGR) continues to grow at ... -
Sands China launches Responsible Gaming Academy to strengthen industry awareness
Sands China Limited (SCL) inaugurated its Sands Responsible Gaming Academy yesterday, aiming to raise awareness of responsible gambling practices and promote self-discipline among employees. Speaking at ... -
SJM Q3 revenue declines as satellite casino closures continue
SJM Holdings Limited reported a decline in total revenue for the third quarter (Q3), as the phased cessation of satellite casino operations and intensifying market competition ... -
November casino revenue projected at MOP20.5 billion
The city’s gross gaming revenue (GGR) is expected to reach MOP20.5 billion in November, according to recent industry reports, as early-month figures point to a modest ... -
Melco reports steady Q3 growth in local operations
Melco Resorts & Entertainment Limited reported an 11% year-over-year rise in total operating revenues for the third quarter driven largely by continued improvement across its Macau ... -
Galaxy posts 14% rise in Q3 revenue despite typhoon impact
Galaxy Entertainment Group (GEG) reported a 14% year-on-year increase in group net revenue to HKD12.2 billion for the third quarter of 2025, with adjusted EBITDA rising ... -
Casinos surpass expectations in October as high-end gaming leads recovery
The casino industry defied expectations in October, posting its strongest gains since mid-summer as casinos recorded gross gaming revenue (GGR) of nearly MOP24.09 billion, representing a ... -
Macau’s gaming recovery outpaces forecasts despite stormy October
Macau’s casino industry defied expectations in October, posting its strongest gains since mid-summer. Gross gaming revenue climbed 15.9% year-on-year to MOP24.09 billion ($3.01 billion) — beating ... -
MGM China reports record quarterly EBITDAR
MGM China announced that third-quarter Adjusted EBITDAR reached HKD2.37 billion (USD305 million), marking a 20% increase year-on-year, according to parent company MGM Resorts International. During an ... -
Casinos see strong rebound in mass market gaming
The gambling sector is showing a robust recovery, with Citigroup reporting that total gross gaming revenue (GGR) for the first 26 days of October may have ... -
Emperor Palace Casino, Waldo Casino to cease operations ahead of transition deadline
Two satellite casinos – Emperor Palace Casino and Waldo Casino – are set to cease operations this week, ahead of the December 31 deadline concluding the ... -
Sands China bets on smart technology, boosts shareholder returns
Sands China executives said smart-table technology is set to play a growing role in reshaping Macau’s gaming landscape, following its success in Singapore. In an earnings ... -
Las Vegas Sands achieves 24% year-on-year net revenue growth
Sands China Ltd. posted a 7.5% increase in total net revenue to USD1.90 billion (MOP15.2 billion) for the third quarter of 2025 compared with the same ... -
Seaport expects GGR to grow 8.6% despite seasonal fluctuations
Macau’s gaming sector is expected to see solid full-year growth in 2025 despite some anticipated slowing in the final quarter, according to Seaport Research Partners. The ... -
JP Morgan: Gaming revenue surges ‘unexpectedly’ after Golden Week
Concessionaires saw an unexpected surge last week, with gross gaming revenue (GGR) hitting MOP743 million daily, a 25% increase from the previous week’s MOP593 million per ... -
VIP baccarat leads GGR growth in Q3
The VIP baccarat segment drove a strong performance in the third quarter of this year, posting gross gaming revenue (GGR) of MOP16.9 billion, a 29.1% increase ... -
Non-gaming development facing challenges and heading off course, says expert
Macau’s gaming sector continues to draw criticism for its overwhelming dominance, with Chief Executive Sam Hou Fai admitting that addressing this structural imbalance will take years. ... -
MGM China spotlights gaming combined with premium events for Macau
MGM China is stepping up efforts to bring more high-quality events to Macau as the city seeks to diversify its tourism and gaming economy. Kenneth Feng, ... -
JP Morgan flags ‘not so Golden Week’ and cuts October gaming forecast
Macau’s gaming sector is experiencing ongoing difficulties, according to the latest analysis by J.P. Morgan. The report notes that a combination of economic and regulatory pressures ... -
JP Morgan: ‘Best Golden Week print in five-plus years’
Macau’s gross gaming revenue (GGR) for the first five days of October reached MOP5.5 billion, averaging about MOP1.1 billion daily, according to JP Morgan. Analysts DS ... -
Citi: High-roller and premium mass gaming remains ‘golden’
Macau’s casinos saw a sharp rise in high-roller activity and average minimum bets during the October Golden Week, reaching the highest levels of the year, according ... -
Casino revenue slows in September amid fewer visitors, typhoon disruptions
The gaming industry saw moderate growth in September, posting a 6% year-over-year increase in gross gaming revenue to MOP18.3 billion, according to figures released by the ... -
DICJ oversees closure of Grand Dragon Casino
The city’s Gaming Inspection and Coordination Bureau (DICJ) confirmed Tuesday, Sept. 23, 2025, that Grand Dragon Casino, a satellite operated under Melco Resorts & Entertainment’s license, ... -
Grand Dragon Casino and Mocha Kuong Fat set to close this week
Melco Resorts & Entertainment Ltd. will officially cease operations at its Grand Dragon Casino in Taipa tonight at 11:59 p.m., with Mocha Kuong Fat in downtown ... -
Citigroup lowers September GGR forecast to MOP19.5 billion
Citigroup has lowered its September gross gaming revenue (GGR) forecast for Macau to MOP19.5 billion, down from an earlier estimate of MOP20 billion, reflecting softer market ...
