Morgan Stanley sees mass gaming revenue decline in Q2

Macau's casino industry is facing a mixed outlook for the second quarter of 2024, with Morgan Stanley predicting a decline in mass-market gross gaming revenue (GGR) and

Casinos limit free snacks, unlikely to impact gaming revenue

Macau’s gaming industry is undergoing a significant change as the local regulator, Gaming Inspection and Coordination Bureau (DICJ), has urged casino operators to stop offering

Gaming tax revenue down nearly 10% in May

The government reported gaming tax revenue of MOP7.15 billion for May, which is a 9.9% decline from April’s MOP7.94 billion. However, the May figure represented

MGM explores potential casino investment in Thailand

MGM China is reportedly searching for new investment options in Thailand’s proposed entertainment complex. This potential move comes as Macau’s gaming operators seek to capitalize

Casino revenue faces June slump amid weather

Macau's casino gross gaming revenue (GGR) is expected to see a low point this year in June, due to a combination of exceptionally wet weather and

LVS, Genting to invest over USD7b in resort expansion plans in Singapore

The casino industry is closely watching developments in Singapore as the city-state begins the second phase of its casino resort expansion. The resorts’ development is

JP Morgan predicts GGR decrease for June following surge in May

Macau is on course for an expected gross gaming revenue (GGR) pull-back this month after “a record high mass GGR” in May, analysts at JP Morgan Securities Asia Pacific

Holiday boosts casinos’ revenues to post-Covid high

Macau casinos saw revenues spike to a post-Covid high in May, driven by the Golden Week holiday and the introduction of new travel permits for Chinese tourists, which

SJM Resorts expands satellite casino deals

SJM Resorts S.A. has revised payment caps and extended a lease agreement with two satellite casinos majority owned by co-chairman Angela Leong. According to filings

Las Vegas Sands CEO embraces smart gaming tables as the ‘future of gambling’

Las Vegas Sands Chairman and CEO Robert Goldstein has described smart gaming tables as the “future of gambling,” stating that his company is “fully invested”

Premium mass players up

Premium mass players from mainland China are increasingly making multiple trips to Macau, solidifying the Special Administrative Region’s (SAR) resilience against an uncertain Chinese economy, according

Casinos file surge in suspicious activity reports

Suspicious transaction reports from Macau’s gaming sector jumped 89.1% in the first quarter of 2024 compared to the same period last year according to data from the city’s

Tourists account for 40% of gaming counseling

Sheng Kung Hui’s 24-hour gambling counseling hotline and online counseling has recorded 1,007 cases of distress, a year-on-year increase of 4%, of which tourists accounted

SJM expands culinary footprint with strategic acquisitions

Macau casino operator SJM Holdings has announced two separate agreements to acquire subsidiaries of its parent company, Sociedade de Turismo e Diversões de Macau SA (STDM),

Citigroup raises Macau casino revenue forecast for May

Macau's casino gross gaming revenue (GGR) is estimated to have reached MOP20.50 billion in May, according to a memo from Citigroup. This revised estimate is

Gaming industry accounts for 36% of GDP in 2023

The gaming industry accounted for 36.2% of Macau’s gross domestic product in 2023, meeting economic diversification targets, according to Chief Executive Ho Iat Seng, speaking at a

Macau experiences post-Labor Day slowdown: JP Morgan

Macau's daily gross gaming revenue (GGR) declined from an estimated MOP910 million during the Labor Day Golden Week to MOPD578 million in the seven days

Galaxy Q1 earnings double y-o-y amid disruptions over gaming flow

Gaming operator Galaxy Entertainment Group (GEG) recorded a net revenue of HKD10.6 billion, marking a 50% year-on-year increase and a 2% quarter-on-quarter rise. In a

Macau casino shares rise as China expands travel visa scheme

Macau casino operators’ shares surged yesterday after China announced an expansion of its individual travel visa scheme to include eight additional mainland cities, a move that

SJM revenue surges 74.5% in Q1

SJM Holdings saw a significant increase of 74.5%  in its net gaming revenue, amounting to HKD6.46 billion. In an announcement, the gaming operator highlighted

WP2Social Auto Publish Powered By : XYZScripts.com
MACAU DAILY TIMES