Tag: Gaming
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Casino revenue rises 6.8% in February
Gaming revenues in February climbed by 6.8% year-on-year to MOP19.74 billion, surpassing analysts’ forecasts, according to the Gaming Inspection and Coordination Bureau. The positive performance was ... -
Galaxy plans major upgrades for StarWorld and F&B expansion
Galaxy Entertainment Group (GEG) has announced plans for significant upgrades to its StarWorld resort, including a revamp of the main gaming floor and lobby area, as ... -
Security chief concerned with the closing of satellite casinos
The Secretary for Security, Wong Sio Chak, has expressed concern about the potential closing of the so-called satellite casinos and is closely monitoring the situation. At ... -
MGM China seeks USD2 billion loan for refinancing: reports
MGM China Holdings Ltd. is reportedly in talks to secure a syndicated loan of approximately USD2 billion, marking its first such borrowing since the onset of ... -
Stricter than Korea: Thailand’s proposed casino bill discourages working class from gambling
Thailand’s revised draft of the entertainment complex bill outlines strict conditions for the implementation of casinos, with local punters being required to have at least THB50 ... -
Wynn expands offerings with new food hall
Wynn Resorts has announced a series of developments aimed at enhancing customer experience and driving visitation to its properties in Macau. As part of their ongoing ... -
MGM credits record-breaking 2024 to strong performance in Macau
MGM Resorts has announced that total revenue for 2024 surpassed USD16.16 billion, marking a 6.7% increase over the previous year and setting a new all-time high ... -
Casino revenue growth forecast slashed by Citi amid US tariff impact
Citigroup has sharply reduced its 2025 growth forecast for Macau casino gross gaming revenue (GGR), citing disappointing Chinese New Year (CNY) gambling volume and the implementation ... -
Casino revenue sees slight dip during CNY
The city’s casinos underperformed during the recent Chinese New Year (CNY) holiday, with daily gross gaming revenue (GGR) averaging MOP780 million. This represents a 1% decrease ... -
Suspicious transactions in casinos hit a new record in 2024
The number of suspicious transactions recorded in Macau’s casinos reached a new record in 2024, driven by the recovery of the economy and tourism. In 2024, ... -
Revenues drop 5.6% in January; analysts say decline was expected
Revenues of local casinos dropped by 5.6% in January, totaling MOP18.254 billion, according to data from the Gaming Inspection and Coordination Bureau. This figure contrasts with ... -
CreditSights: Gaming revenue to grow by 8% this year
Macau’s gross gaming revenue (GGR) is projected to grow by 8% in 2024, surpassing the government’s target for 2025, according to CreditSights. The Fitch Group division ... -
Another three gaming ops announce salary increments
MGM, Melco, and SJM joined the previous announcements of Sands and Galaxy announcing their salary increments for their workers. As expected, the three local gaming operators ... -
CNY forecasted to post a 4% GGR increase y-o-y
Analysts expect the local gaming industry to generate moderate revenue growth during the Lunar New Year (CNY) Spring Festival. In their most recent forecast, JP Morgan ... -
Gaming ops file record number of suspicious transaction reports in 2024
Macau’s gaming operators reported a record 3,837 suspicious transaction reports (STRs) in 2024, an 11.8% increase from the previous year, according to the Financial Intelligence Office ... -
Macau-based investor increases stake in Star Entertainment amid financial struggles
Star Entertainment’s financial woes have taken a curious turn as Macau-based businessman Xingchun Wang increased his stake in the company for the second time in a ... -
Touted as Macau’s threat, Thailand approves draft bill to legalize casinos
Thailand’s Cabinet approved a draft bill yesterday to legalize casinos with the aim of boosting tourism and addressing a sluggish economy. Currently, some forms of gambling, ... -
Casino revenue forecast to rise in January
Casino gross gaming revenue (GGR) is expected to rise 6.6% year-over-year and 13.3% month-over-month in January, fueled by the upcoming Lunar New Year holiday, according to ... -
Casinos with results above gov’t expectations despite December’s ‘poor’ results
Macau casinos closed the year with an accumulated gross gaming revenue (GGR) of MOP226.78 billion. The final figures released by the Gaming Inspection and Coordination Bureau ... -
New collaboration model between gaming ops, junkets
The gaming industry is witnessing the emergence of a new partnership model between gaming concessionaires and junkets. According to an interview with Ming Pao Hong Kong ... -
From sleepy monopoly to world’s biggest gaming market
Millions of visitors from around the world flock to Macau each year, a city that has evolved from a quiet destination into the “Gambling Capital of ... -
Citi: mixed signals ahead of Xi’s visit
Gaming operators are seeing a mixed outlook ahead of President Xi Jinping’s upcoming visit, according to a note from Citi analysts George Choi and Timothy Chau. ... -
Another month, another record smashed for New Jersey internet gambling
New Jersey’s red-hot internet gambling market continued to smash records in November, even as revenue inside physical casinos continued to lag behind pre-pandemic levels at six ... -
Macau faces threat to economic dominance amid Thailand’s potential gaming legalization
Macau’s casino-dependent economy could face significant challenges as Thailand moves to legalize gaming and Macau struggles to develop new non-gaming attractions, according to two industry analysts ... -
Study highlights city’s shift from gambling to cultural diversity
A recent study by researchers from Shenzhen Tourism College of Jinan University reveals a significant shift in Macau’s tourism landscape. The city, known primarily as a ... -
Casino revenues up 15% to MOP18.44 billion in November
Local casinos’ gross gaming revenues (GGR) reached MOP18.438 billion last month the Gaming Inspection and Coordination Bureau has announced. The results, published yesterday, show an increase ... -
Gaming workers face increased stress: survey
The gaming industry is facing a rise in mental health issues among its workforce, according to a recent survey from the Macao Gaming Industry Employees Home ... -
Non-gaming investments rise, but revenues decline amid Japan, Thailand threats
Despite casinos investing more in non-gaming sectors this year compared to 2023, the numbers are considered to be declining, according to industry expert Ben Lee. As ... -
Jefferies projects strong revenue recovery amid economic optimism
Gaming analysts are reporting an improving economic outlook for the region as the local government has announced its expectations of a higher gross gaming revenue (GGR) ... -
Citi: Operators accelerate rollout of smart gaming tables
Macau’s gaming industry is undergoing a technological transformation, with a surge in the deployment of smart gaming tables across its gaming floors. Several operators have now ... -
SJM Holdings records strong third quarter financial results
SJM Holdings Limited has announced a significant financial turnaround for the third quarter of this year, reporting a net profit of HKD101 million, a recovery from ... -
Pay stability for gaming workers amid employment shifts
Macau’s gaming industry workers are enjoying stable salaries, with a median monthly income of MOP21,000 reported in the third quarter This figure remains unchanged from the ... -
Operators report a more favorable environment, competition remains fierce
Macau’s gaming operators have broadly described the city’s competitive promotional environment as improving, even as competition between the six concessionaires remains fierce, according to recent earnings ... -
Ongoing developments at Galaxy, Q3 revenue increases 11%
Galaxy Entertainment Group (GEG) announced in its recent financial results that it is implementing “ongoing progressive enhancements” to its resorts to maintain their market competitiveness and ... -
Wynn expands premium gaming areas as part of capex efforts
Wynn Resorts is expanding its premium gaming areas in a move to drive share gains in a market. During the company’s third-quarter earnings call, CEO Craig ...
