Tag: Gaming
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Gaming tax revenue nears MOP8.1 billion in July
Government revenue from the gaming industry remained steady in July, with the Financial Services Bureau reporting around MOP8.11 billion collected in gaming taxes. The figure is ... -
Sector salaries reach highest level in a decade
The average salary in the gaming sector has reached its highest level in the past 10 years, according to the latest data. Workers in the industry ... -
Galaxy eyes growth with expansion and entertainment push
Galaxy Entertainment Group (GEG) is optimistic about the future of Macau’s gaming and entertainment sector. In an interview with Bloomberg’s Haslinda Amin last week, GEG Chief ... -
Analysts: Galaxy’s rising dividends signal a positive outlook
Analysts responded positively after Galaxy Entertainment Group Ltd (Galaxy) posted strong results for the first half of 2025. For the six months ending June 30, Galaxy’s ... -
Citi: Big/Small 7 side bet expands to most casino baccarat tables
Investment bank Citigroup’s Monday memo reveals that Macau’s casino operators are innovating with baccarat side bets, introducing the new Big/Small 7 wager to boost revenue and ... -
Galaxy 1H profit up 19% as Thailand plans on radar
Galaxy Entertainment Group Ltd announced a 19.4% rise in its first-half profit to HKD5.24 billion (USD667.6 million) for the six months ending June 30, 2025. The ... -
Analysts tout long-term Wynn prospects
Analysts from CBRE Group and Jefferies said Wynn Macau’s hold-normalized EBITDAR slightly missed consensus estimates, despite mass-market gaming volume rising 3.6% and VIP volume jumping 27.1%. ... -
MacauSLOT: Basketball betting in Macau unlikely to suffer from Hong Kong legalization
Harry Lan, chief betting officer at Macau Slot Co. Ltd. (MacauSLOT), said the local sports betting business is unlikely to suffer any damage due to the ... -
Wynn to invest up to USD250 million in upgrades this year
Wynn Resorts has announced plans to invest up to USD250 million this year in key capital projects at its Macau properties. The investments include expanding the ... -
Melco’s expansion beyond borders will not harm Macau, experts say
Former International Legal Affairs Bureau head and Gaming Law Commissioner Jorge Costa Oliveira told the Times that expanding Melco Resorts & Entertainment’s (Melco) integrated resorts portfolio ... -
MGM China sets record with highest-ever adjusted EBITDA in Q2
MGM China Holdings reported its highest-ever adjusted Earnings before interest, Taxes, Depreciation, and Amortisation (EBITDA) for the second quarter (Q2) of 2025, as its market share ... -
Brokerage raises 2025 growth forecasts as GGR surges
Recent data from the Gaming Inspection and Coordination Bureau (DICJ) revealed that Macau’s gaming market has posted consecutive monthly GGR increases of 19% year-on-year in June ... -
GGR rises 19% m-o-m in July; 6.5% up y-o-y
Data from the Gaming Inspection and Coordination Bureau (DICJ) revealed that local casinos generated approximately MOP22.13 billion in gross gaming revenue (GGR) in July, the highest ... -
Macau gaming revenue surges 19% in July, beating estimates again
Macau’s gaming industry continued its strong rebound in July, posting a 19% year-on-year rise in gross gaming revenue to 22.1 billion patacas (USD2.7 billion), according to ... -
Grandview Casino closure proceeded according to procedures, DICJ says
The Gaming Inspection and Coordination Bureau (DICJ) said in a statement that Grandview Casino, a satellite casino operated under Sociedade de Jogos de Macau, S.A. (SJM)’s ... -
Korean visitors drive international growth as hotel occupancy hits 89% in H1
The average occupancy rate of guest rooms in hotel establishments reached 89.1% in the first six months of 2025, a 5.1-percentage-point increase from the same period ... -
Casino shares rally following strong GGR
Macau casino shares have risen by 59% since April as gross gaming revenues (GGR) continue to outpace analyst expectations, according to Bloomberg. The casinos have experienced ... -
Casino Grandview to close end of month
SJM Resorts SA has revealed the early closure of one of its satellite casinos operating under its gaming license – Casino Grandview. The company did not ... -
The Londoner becomes key growth driver for Sands China
Las Vegas Sands Corp. (LVS) reported its second-quarter earnings last week, with net revenue climbing to USD3.18 billion, a 15.2% increase year over year, fueled by ... -
Typhoon Wipha slows casino revenue with 3% weekly decline
Typhoon Wipha brought a dip in the gaming sector last week, with average daily casino revenue falling by 3%, according to data cited by Citigroup. The ... -
GGR to grow over 9% in 2H, says Seaport Research
The city’s gross gaming revenue (GGR) is expected to grow more than 9% year over year in the second half of 2025, buoyed by improving market ... -
Citi: Sands China’s table side bets could lift market share
Sands China’s new jackpot on table side bets could boost the firm’s hold rates and gaming volumes, according to analysts at Citigroup. Citi’s George Choi and ... -
Jefferies raises casino revenue forecast for 2025
Investment bank Jefferies has increased its 2025 gross gaming revenue (GGR) forecast for Macau’s casinos to MOP237 billion (USD29.3 billion). While this revised figure remains above ... -
MGM China confirms settlement of legal matter involving Hong Kong actor
MGM China has confirmed that a legal dispute linked to gambling debts involving Hong Kong actor Jacky Heung Cho has been fully resolved. In a ... -
Hong Kong actor sued for HKD1.4 million over alleged unpaid casino loan
Hong Kong actor Jacky Heung is facing legal action from MGM China Holdings after allegedly defaulting on a substantial casino loan at its Macau property. MGM ... -
Gov’t revises 2025 gaming tax revenue downward by 5%
The government has revised its 2025 forecast for gaming tax revenue, lowering it by 5% due to global economic conditions and changing tourist spending patterns. According ... -
Citigroup raises July GGR forecast to MOP20 billion
Citigroup has raised its gross gaming revenue (GGR) forecast for July, citing a strong start to the month driven by major entertainment events. The investment bank ... -
Cabo Verde issues final warning to Macau Legend over stalled hotel-casino project
Cabo Verde’s government has issued a final ultimatum to Macau Legend, urging the company to present a new plan for its stalled hotel-casino project in Praia ... -
Analysts hail June’s GGR as a ‘really, really strong beat’
JP Morgan Securities (Asia Pacific) Ltd hailed June gaming revenue as a “really, really strong beat,” after the city posted MOP21.06 billion in gross gaming revenue ... -
Closing VIP rooms signals big changes for gaming industry
The government’s strict regulation of the gambling industry, highlighted by the new Gaming Law, has led to a complete transformation of once-glorious VIP rooms and satellite ... -
Sports betting concession extended for one year
The government has extended the sports betting concession of Macau Slot Co Ltd, the city’s sole operator in this sector, until June 5, 2026. The renewal, ... -
‘The 13’ reportedly sold at a steep discount
The 13 Hotel in Seac Pai Van has reportedly been sold, marking the end of a tumultuous chapter for the ultra-luxury property, which once proclaimed itself ... -
Citi: Jacky Cheung concerts boost premium mass gaming in June
A series of concerts by Hong Kong pop icon Jacky Cheung is largely credited with generating more gross gaming revenue (GGR) in June than previously forecast, ... -
SJM’s satellite casino closures to have limited credit impact, says Fitch
SJM Resorts’ plan to close seven of its nine satellite casinos by the end of 2025, while potentially acquiring two others, is expected to have limited ... -
Analysts assess impact as satellite casino closures shake the market
Analysts are weighing in on the wider implications of the recently announced satellite casino closures. Of Macau’s 11 remaining satellite casinos, nine are affiliated with SJM ...
