Mark Cuban working on $3.5B sale of Dallas Mavericks to Sands casino family: source

Dallas Mavericks owner Mark Cuban is working on a deal to sell a majority stake in the NBA franchise to the family that runs the Las Vegas

Las Vegas union hotel workers ratify Caesars contract

Las Vegas hotel union workers voted overwhelmingly yesterday to approve their contract agreement with casino giant Caesars Entertainment, signaling an end to lengthy labor disputes

November’s premium mass revenues surge 37% over 2019 levels

The premium mass gambling segment is experiencing a 37% increase in the average bet per player, up to HKD22,251 this November, compared to the same month

Galaxy to host 50 concerts and 250 MICE events in 2024

Gaming operator Galaxy Macau plans to host 50 concerts and 250 MICE events in 2024 as part of its pledge to diversify its non-gaming offerings.

MGM optimistic on further market growth amid decoupling

Macau's recovery is set to continue amid discussions on broader macroeconomic issues in China, according to Hubert Wang, president and chief operating officer of MGM China.

New Edition announces Wynn Las Vegas residency from late February

R&B group New Edition will bring their New Jack Swing tunes to Las Vegas early next year. The Grammy-nominated sextet announced that New Edition: Las Vegas

October gaming revenues surge as city benefits from Golden Week

In October, the city’s casino revenue surged to another all-time post-pandemic high, as tourists flocked to Macau during the National Day Golden Week. Data released

Gov’t reviewing casino ops’ 2024 plans

The city’s six gaming operators have submitted their work plans for the upcoming year, and the government is scheduled to review them within the next 60

Junkets tax plunges 92% to MOP3.5 million

Revenues from junkets’ tax paid to the government has plunged 92.5% to MOP3.5 million amid the junket crackdown and low gross gaming revenue (GGR) figures

Macau on track to hit another post-pandemic high in October

Macau has recorded MOP14.6 billion in gaming revenues as of Monday, according to investment bank JP Morgan, which shows that the casino sector is slated to

LVS revenue and profits rise sharply, mostly on Macau upturn

In Q3 2023, Las Vegas Sands Corp (LVS) showcased a promising recovery, particularly in its Macau operations, buoyed by the resurgence in travel and tourism following the

Mass-market baccarat on the rise

The city’s VIP baccarat generated MOP11.767 billion of GGR in the third quarter (Q3), down 3.2% from MOP12.157 billion in Q2, and accounted for 24.1% of

Galaxy clarifies no plans to re-enter Philippine market

Galaxy Entertainment Group clarified it is not planning to re-enter the Philippine market, following reports that it is contemplating developing a resort in Boracay. In

Casino revenues for first 8 days of October at MOP6.65 billion

The Golden Week has seen an estimated casino floor revenue of MOP6.65 billion, according to JP Morgan Securities (Asia Pacific) Ltd. In a memo,

Powerball jackpot up to $1.4 billion after no one matches all the numbers and hits it rich

The Powerball jackpot climbed to an estimated $1.4 billion after no players matched all six numbers and hit it rich yesterday . The winning numbers announced

Las Vegas hospitality workers permit union to call strike against hotels, casinos

Tens of thousands of Las Vegas hospitality workers fighting for new union contracts voted yesterday to authorize a strike that could impact more than three dozen

MGM Resorts computers back up after 10 days

MGM Resorts brought to an end a 10-day computer shutdown prompted by efforts to shield from a cyberattack data including hotel reservations and credit card processing,

Casino players not deterred amid stiff economic headwinds: Citi

According to Citigroup (Citi), casino players “are not going to be deterred by anything less than a direct-hit typhoon or a ‘black’ warning-level rainstorm.”

High rollers back on gaming table as junket agents return

The casino’s VIP sector is “surprisingly strong due to the return of the junket agents” under a new arrangement to lure high-rollers to the gaming

FBI investigates cybersecurity issue at MGM, casinos and hotels stay open across US

Casino operator MGM Resorts International said that resorts are open and an investigation is continuing after what it called a “cybersecurity issue” led to the shutdown

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