LVS to spend additional $750M to revamp MBS

In a strategic move to capitalize on Singapore’s soaring room rates and a booming post-pandemic travel sector, Las Vegas Sands (LVS), steered by the late casino magnate

Citi, JP Morgan raise January gaming revenue forecast to MOP18 billion

Based on industry channels, Macau’s GGR for the first 14 days of January reached MOP8.6 billion, or an average gross gaming (GGR) revenue of MOP600 million per

MGM, Galaxy announce pay rise

Gaming operators MGM and Galaxy have announced a salary increment for all eligible team members, with effect from March and April, respectively. The pay rise

Slash in junkets a ‘normal market adjustment’

The slash in the number of Macau’s junkets is in line with the city’s development on economic transformation. Macau has again seen a reduction

From besting Tetris AI to epic speedruns – inside gaming’s most thrilling feats

After 13-year-old Willis Gibson became the first human to beat the original Nintendo version of Tetris, he dedicated his special win to his father, who passed away

Casino revenues projected to slow down

Industry insiders foresee that gross gaming revenue (GGR) will face a slight deceleration, estimating a range between MOP540 million and MOP590 million per day. The

Gaming ops announce bonuses, pay rise

Gaming operators have announced a one-month discretionary bonus for all eligible non-management team members before the Chinese New Year. Over the weekend, Melco Resorts &

Local expert forecasts 2024 GGR to grow 15% from 2023

Local gaming industry expert and analyst Ben Lee has projected that local casinos’ gross gaming revenue (GGR) in 2024 should increase by some 15% when compared

SJM to see positive cash flow in 2024

Fitch Ratings has revised the Outlook on SJM Holdings Limited’s (SJM) Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative as the outlook reflects the robust

Number of junkets plunges to 18 this year

Macau has again seen a reduction of licensed junkets this year after figures from the government show the number of gaming promoters has been slashed to

2023 GGR hits MOP183b, spurring increased investment

After three tumultuous years for the casinos, the sector experienced significant upturn in 2023 following the reopening of the borders. Macau’s casino revenues hit MOP183.06

Ho Iat Seng expects this year’s GGR to surpass MOP180 billion

The city’s gross gaming revenue (GGR) is expected to surpass MOP180 billion, Chief Executive Ho Iat Seng said on the sidelines of a celebratory event. After attending

Gaming Citi: GGR in Christmas and New Year to grow

Macau’s gross gaming revenue (GGR) for the first 17 days of December may reach about MOP9 billion, Citi Research forecasted in a report based on

Newest, bluest resort on Las Vegas Strip aims to bring Miami Beach vibe to southern Nevada

A developer’s drive to open a Las Vegas Strip resort with a vibe echoing Miami Beach’s venerable Fontainebleau reaches reality this week, with the opening of a

Association data shows significant increase in gaming employees facing pressure

There has been a significant increase in gaming employees seeking assistance due to work pressures, said lawmaker Leong Sun Iok. Data from the Macau Gaming

Casinos face lowest trading levels since border reopening

Macau concessionaires are trading at rock-bottom valuations since earlier this week as operators were saddled with declines of at least 20% since the beginning of the

LVS increases shares in Sands China

Las Vegas Sands is increasing its holdings in Sands China, the Las Vegas-based gaming company announced in a regulatory filing with the Hong Kong Stock Exchange

Gaming recovery slightly slows in November to MOP16.04 billion

Macau's gaming revenue reached MOP16.04 billion ($2 billion) in November. This figure represents a significant 435% increase compared to the same period last year when the

MBS seeks $7.5B loan, LVS denies reports

The  Las Vegas Sands has denied the report. “We are neither in the market or looking for S$10 billion in loans,”  If the

Mavs likely to end up in the hands of Las Vegas’ most powerful family

Mark Cuban in many ways has been the face of the Dallas Mavericks franchise since he bought the club in 2000, so the news that he was

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