Philippine billionaire looks to expand casinos beyond Manila

Andrew Tan, a billionaire from the Philippines, has set his sights on expanding his casino empire beyond the bustling streets of Manila. Alliance Global Group

Macau Legend to sell Laos operation for $45m

Local hospitality and casino services operator, Macau Legend Development Limited, has announced it has signed a letter of intent to sell its operation in Laos.

Citi highlights Macau’s GGR improvements last week

Citi Research noted in a report that, according to industry sources, Macau’s gross gaming revenue (GGR) for the first 11 days of June may have reached approximately

GGR to recover 74% of 2019 levels next year: Deutsche Bank

According to the bank’s analysts, Macau’s GGR could even reach 85% of the 2019 levels and lead to a 500 to 700 basis points-expansion for the three

Galaxy, MGM set sights on IR in Thailand

Galaxy Entertainment Group Ltd. and MGM Resorts International are seeking to get a head start by considering the potential of opening casino resorts in Thailand, Bloomberg reported.

May revenue soars by 366% amid city running second for fastest growing economy

May revenue from the casino sector has seen a surge of 366% from a year ago to total MOP15.6 billion in May, again hitting a three-year

New bill to build Athletics stadium on Las Vegas Strip caps Nevada’s cost at $380m

A bill introduced last week in the Nevada Legislature would give the Oakland Athletics up to $380 million for a potential 30,000-seat, $1.5 billion retractable roof stadium

Rob Goldstein: Macau ‘resurrecting strong’, group to further invest over USD3.9 billion

The Macau SAR will continue to record new post-pandemic highs as it is currently “resurrecting strong” – a comeback that came as a surprise and a

May casino revenues to reach new high post-Covid

Casino revenue is forecast to reach a new post-pandemic high of MOP15.5 billion in May, which translates to an average daily casino floor income of around

Galaxy eyes further recruitment as revenues up 72%

Galaxy's revenues during the first quarter (Q1) of 2023 surged up to 72% to HKD7.05 billion year-on-year amid the ongoing robust recovery of the casino

Individual creditor rights among debate topics at casino credit bill first reading

Ron Lam, Pereira Coutinho and Leong Sun Iok – the latter being a trade unionist – questioned the government about the bill’s future effectiveness in protecting creditors.

Casino floors see MOP8b in revenues in May’s first half

Casino floors have seen MOP8 billion of gross gaming revenue (GGR) in the first 14 days of the month, an average daily run rate of

SJM’s losses narrow in Q1 as sector upbeat for recovery

SJM Holdings recorded a net gaming revenue HKD3.70 billion during the first quarter (Q1) of the year, amid the robust recovery the casino sector has been

Melco to open City of Dreams Mediterranean in July

The City of Dreams Mediterranean located in the city of Limassol, Cyprus, is set to open its doors by July 10, becoming the first integrated

Casino credit bill first reading May 18

A bill dealing with credit-handling at local casinos will have its first reading in parliament next Thursday. Officially called Legal System Governing Casino Games of Luck

Wynn revenue doubles as Cotai property leads recovery

Wynn Macau’s operating revenues doubled to USD600 million, compared to the USD298 million recorded a year ago, according to its first quarter earnings result.

Casinos hit MOP4.5b in first week of May

Casino floors averaged a daily run-rate of some MOP640 million during the first seven days of May which coincides with the May Golden Week, when the

Morgan Stanley forecasts GGR to approach 90% of pre-pandemic levels

Morgan Stanley has again raised its forecast for the city’s gaming industry as the sector has been painting a rosy picture, following nearly three years of

Casino stocks on a decline, full recovery only by 2025: Moody’s

Macau casino stocks again declined yesterday, following losses of up to 8.7% the day prior. Yesterday, Melco International led the decline with a 4.4%

Long-unfinished blue Strip tower sets date for grand opening

A soaring blue-glass tower that has sat empty for close to two decades on the Las Vegas Strip — through the Great Recession and an unprecedented pandemic

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