Cheng family takes over Hoiana Resort in Vietnam from Alvin Chau

Hong Kong’s billionaire Cheng family has taken control of Hoiana Resort & Golf in Vietnam’s central Quang Nam province from Macau gambling kingpin Alvin Chau, who

Sands China announces profits of MOP1.5b in Q2

Sands China Ltd. (SCL) announced their second quarter (Q2) results yesterday, reporting a net revenues of USD187 million (MOP1.5 billion) for the second quarter of 2023, a

July to be the best GGR month so far: JP Morgan

Analysts from the financial services firm JP Morgan Securities (Asia Pacific) Limited are forecasting that July 2023 will be the best month so far in

Casino revenues to hit 100% pre-Covid levels by October: JP Morgan

Gaming revenues are likely to hit 100% of pre-Covid levels by October as the first nine days of July recorded a robust recovery, according to JP

Casino revenues drop 2.3% to MOP15b in June

Gross Gaming Revenue (GGR) from local casinos dropped by 2.3% in June when compared with the previous month, official figures released by the Gaming Inspection

Internet gambling would be given 5 more years under latest change in New Jersey

Internet gambling in New Jersey would be allowed to take place for at least five more years under the latest proposal by state lawmakers. Yesterday

Opened amid uncertainty, Atlantic City’s 2 newest casinos near top of the market 5 years later

Five years ago, there were mixed emotions in Atlantic City as two casinos that had failed and shut down were set to reopen with new owners

Casino revenue hitting MOP527 million daily

The city’s gross gaming revenue (GGR) may have amounted to approximately MOP9.5 billion in the first 18 days of June, according to Citigroup, citing industry data. 

New Jersey casinos, tracks and partners won $471m in May, up 9.4%, but in-person winnings still lag

New Jersey's casinos, horse tracks that take sports bets and the online partners of both types of gambling won nearly $471 million in May, up 9.4%

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.

WP2Social Auto Publish Powered By : XYZScripts.com
MACAU DAILY TIMES