FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,
Wynn Macau Ltd. reported a 14.3% increase in adjusted property earnings before interest, taxes, depreciation, amortisation, and restructuring or rent costs (EBITDAR) in the first quarter of
For the first time ever, the top player in Macau’s premium mass gaming rooms during the Golden Week holiday period was not Chinese. According to a
MGM China Holdings Limited has reported record-breaking financial results for the first quarter of 2024, outperforming the industry’s recovery in Macau. The casino operator saw
“The 1.7% sequential contraction per day was better than historical trends, as the average sequential decline in April, relative to March, over the 2013 to
Melco Resorts & Entertainment Limited is working with John Keells Group in Sri Lanka to develop a groundbreaking integrated resort in central Colombo, with an
The casino industry in Macau is set to benefit from the Chinese government’s decision to launch a multi-entry visa for tour groups between Macau and
Malaysia has engaged in preliminary talks with billionaires to open a casino in the USD100 billion Forest City development near Singapore, according to sources who
Morgan Stanley has forecast gross gaming revenue (GGR) for Macau’s upcoming May Day Golden Week could reach between MOP800 to 850 million per day, translating to
Investment bank Morgan Stanley has issued a research report lowering its forecast for Sands China Ltd., citing a decline in the casino operator’s mass market share
Significant renovation projects are underway at Sheraton Grand Macao and The Londoner Macao, with Sands China announcing the second casino at The Londoner Macao will undergo
VIP baccarat revenue in Macau for the first quarter of 2024 reached approximately MOP14.38 billion, according to data from the Gaming Inspection and Coordination Bureau (DICJ).
Business trends in the Macau gaming sector appear to be resilient in April, according to a recent memo from Citigroup, “We won’t be surprised if Macau’s gross
MGM China has gained a technological advantage over its Macau competitors by being an early adopter of smart gaming tables, according to analysts at Citibank.
The growth trajectory of Macau’s gaming industry remains uncertain, with only modest growth observed in recent months, according to analysts from Jefferies. The sector is facing
The use of “smart” gaming tables fitted with radio frequency identification (RFID) technology has the potential to significantly boost casino revenue in Macau, according to
Revenues from local casinos last month have aligned precisely with forecasts by several consulting, financial and investment institutions. According to an official release by
Melco International recorded net revenues of HKD29.53 billion, an increase of 179.5% compared to HK$10.57 billion recorded in the corresponding period of 2022. Data from
In the 1971 film “Diamonds are Forever,” James Bond stays in a swanky suite at the Tropicana Las Vegas. “I hear that the Hotel Tropicana
Local casinos are anticipated to close this month with earnings ranging between MOP19 to 19.5 billion, Citigroup and JP Morgan said in separate statements. According
Investment firms are optimistic in view of last week’s dividend resumption announcements from MGM China and Wynn Macau, marking their first dividend distributions since the onset of
Copyright © Macau Daily Times 2008-2022. All Rights Reserved
