Tag: Gaming
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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 ... -
Gov’t to shut down most satellite casinos, 6,000 jobs affected
Nine of the current 11 satellite casinos are set to close their doors for good following the three-year “transitional period” granted by the government for the ... -
Analysts: revised GGR target seen as foreseeable
The government’s recent 5% downward revision to its 2025 gross gaming revenue (GGR) forecast, proposed last week, was “not a complete surprise,” according to Fitch Solutions ... -
Robert Goldstein expresses disappointment over operator’s performance
Robert Goldstein, chairman and CEO of Las Vegas Sands (LVS), expressed disappointment over the current performance of Sands China and the Macau gaming market during the ... -
Analysts: Gaming sector shows first genuine growth since Covid-19
Following the release of May’s gross gaming revenue (GGR) results, which hit a post-pandemic high of MOP 21.19 billion with a strong May Day Golden Week ... -
Casino revenue hits highest level since January 2020
Gross gaming revenue (GGR) in May generated MOP21.19 billion, marking the highest monthly total since January 2020, just before the pandemic and local lockdowns. The increase ... -
Citi: May GGR forecast raised 1.2% as outlook improves
Investment bank Citigroup has raised its forecast for Macau’s gross gaming revenue (GGR) in May to MOP21.25 billion, up from MOP21 billion. This revision reflects stronger-than-expected ... -
CLSA: Tourism diversification draws more visitors, lowers spending per capita
According to a recent outlook report by brokerage CITIC CLSA, ongoing efforts to diversify Macau’s tourism sector beyond gaming are attracting more leisure tourists, but the ... -
Citi: GGR tops MOP13b so far in May
Local gross gaming revenue (GGR) increased to an estimated MOP12.7 billion in the first 18 days of May, according to a Citigroup memo released earlier this ... -
MOP30 billion generated from non-gaming initiatives in 2023
The non-gaming investment plans for 2023 by the city’s six gaming concessionaires generated over MOP30 billion in gross production value for Macau’s economy, according to Secretary ... -
SJM Resorts COO Ben Toh due to retire
SJM Resorts’ Chief Operating Officer, Ben Toh, is set to retire next week after a five-year tenure with the company. The announcement, shared internally with staff ... -
Galaxy reports solid Q1 results
Galaxy Entertainment Group (GEG) reported robust first-quarter results earlier this week, driven by a rebound in the local gaming sector and increased visitor arrivals. The casino ... -
Wynn Macau earnings drop; Billings signals cautious approach to Japan expansion
Wynn Macau’s operations reported an earnings decline in the first quarter of 2025, with volatile VIP gaming results eclipsing gains in the mass-market and non-gaming segments. ... -
US casino operators face rising geopolitical and economic risks: Fitch
U.S. casino operators in Macau are facing mounting geopolitical risks amid intensifying trade tensions between China and the United States, according to a recent report released ... -
Gaming Casinos hit Golden Week jackpot
The premium mass gaming sector soared to record levels during the recent Golden Week holiday, reflecting strong player enthusiasm despite ongoing Sino-U.S. trade tensions. Citigroup’s monthly ... -
Macau’s gaming revenue in April exceeds expectations
Macau’s gaming revenue (GGR) rose unexpectedly in April, signaling a potential boost in tourism ahead of China’s Golden Week holiday. According to data from the Gaming ... -
SJM Holdings Returns to Profit in Q1
SJM Holdings Limited posted a profit of HKD31 million in the first quarter of 2025, marking a sharp rebound from a loss of HKD74 million in ... -
Sands China completes major redevelopment of Londoner Grand ahead of Golden Week
Sands China has confirmed the full opening of all 2,405 rooms and suites at the newly refurbished Londoner Grand, just in time for the upcoming May ... -
Paradise Entertainment plans Kam Pek Casino transition by year-end
Paradise Entertainment Ltd. is aiming to transition its Kam Pek Paradise casino to a new business model by year-end, aligning with the city’s updated gaming regulations, ... -
Casino projections revised amid economic uncertainty, dependence on Chinese tourism
Gaming analysts are adjusting their forecasts on the city’s gaming industry, factoring in both global economic uncertainties and local market conditions, as the sector’s reliance on ... -
Analysts warn US-China tensions could affect SAR’s gaming industry
The ongoing friction between China and the United States over issues like TikTok and the Panama Canal ports could spill over into Macau’s gaming industry, experts ... -
Thailand postpones discussion of casino bill, leaving local parties on ‘standby’
The Thai government is delaying a parliamentary debate on a bill to legalize gaming in casinos in the country, Bloomberg reported. According to the report, the ... -
Analysts expect April to be another ‘flat’ month on GGR
Senior analyst for Global Gaming at investment research company Seaport Research Partners, Vitaly Umansky, noted in a report on Tuesday that the firm expects another “flat” ... -
Casino revenue slightly increases to MOP19.7b in March
Gross gaming revenue (GGR) in March totaled MOP19.66 billion, representing a marginal year-on-year increase of 0.8% from the MOP19.50 billion recorded in March 2024. Official data ... -
Gov’t ensures rigorous oversight of casino operators’ non-gaming investments
The Secretary for Economy and Finance, Tai Kin Ip, emphasized during a recent meeting at the Legislative Assembly that the government will continue to oversee operators’ ... -
Casinos to undergo rigorous approval process for new gaming equipment
The casino industry is undergoing a technological transformation as operators introduce smart gaming tables equipped with radio-frequency identification (RFID) technology. While these advancements aim to improve ... -
Citigroup analysts claim march GGR is recovering slightly but still flat
Analysts from Citigroup claim that March’s gross gaming revenue (GGR) is slightly higher than the previous drop, but warn that the earnings are not enough to ... -
Gaming sector sees slight increase in registered junkets
Macau currently has 24 gaming promoters registered with the Gaming Inspection and Coordination Bureau (DICJ), representing less than half of the 50 junkets authorized to operate ... -
Casino revenues in March show seasonal decline: HSBC
Macau’s gross gaming revenue (GGR) for the first 16 days of March totaled MOP10.1 billion, according to a report by HSBC Global Research. This equates to ... -
Casino revenue forecast revised amid slower start to 2025
Investment banking firm Jefferies has revised its forecast for the region’s gross gaming revenue (GGR) in 2025, lowering its prediction by 2% to 240 billion patacas. ... -
Gaming tax revenue surges to MOP88b 2024
The gaming tax revenue soared to nearly MOP88.13 billion in 2024, marking a 35% increase from the MOP65.26 billion collected the previous year, according to the ... -
SJM returns to profitability in 2024
Gaming operator SJM Holdings Limited has reported a return to profitability in 2024, marking a turnaround from previous pandemic-related losses. The company’s audited financial results show ... -
Increase in gaming tax rebates for foreign bets in 2024
The government has confirmed an increase in approved tax rebates for gross gaming revenue generated by international players in 2024 compared to the previous year. However, ... -
Job vacancies in gaming sector drop
The gaming sector saw a positive shift in its workforce by the end of the fourth quarter of 2024, according to data from the Statistics and ... -
Gaming op’s alleged unfair dismissals prompt calls for gov’t investigation
Local employees of a gaming operator have allegedly been unfairly dismissed without explanation, prompting calls for a thorough government investigation into the matter. Lawmaker Ron Lam ...
