FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,
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
Wynn Macau Ltd, the operator of Wynn Macau and Wynn Palace, emerged as the market-share leader in the March survey, capturing 25% of the observed wager
The Chinese embassy in Singapore has urged Chinese citizens in the city-state to stay away from gambling, reiterating that cross-border gambling violates Chinese laws –
All major casino operators in Macau will soon have radio frequency identification (RFID) technology integrated into all table games as part of an effort to improve
Macau's gross gaming revenue (GGR) for the first 10 days of March was approximately MOP6.1 billion, with an average daily GGR of around MOP610 million.
Gaming operator SJM Holdings Ltd. reported a loss in 2023, attributing it to the sectors recovery, after recording a full-year loss of HKD2.01 billion, from nearly
The gross gaming revenue (GGR) of Macau’s casinos increased 79.1% year-on-year in February, reaching MOP18.49 billion. This figure fell slightly below projections from
Casino operator Melco Resorts & Entertainment experienced a decline in market share in Macau in 2023, which was a contributing factor in the decision to
Galaxy Entertainment Group (GEG) recorded a revenue surge in 2023, hitting HKD35.7 billion, up 211% compared to the year prior. The gaming operator’s
Melco has confirmed it is considering potential candidates, with no timeline yet to fill the position – that was managed by Sisk who has over 25
Fitch Ratings anticipates 15% economic growth for Macau this year, with gaming tourism recovery underpinning its expectations of strong economic growth for Macau in 2024.
Casino criminals have moved from Macau to other parts of Asia, according to a report issued by The Weekend Australian. The report has noted that gangs
Shares of MGM China Holdings Ltd. surged 10% in Hong Kong, reaching their highest level since June 2021. Galaxy Entertainment Group Ltd. and Wynn Macau
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