Macau’s casino revenues surged 67% year-on-year in January to MOP19.3 billion, beating analysts’ estimates as the sector continues its recovery ahead of the Chinese New Year.
Macau’s casino revenues surged by up to 67% year-on-year in January to MOP19.3 billion, beating analysts estimates as the sector continually recovers ahead of the Chinese New Year. Data from the
Las Vegas Sands, a major player in the casino and resort industry, is set to announce its fourth-quarter earnings today , with “a notable net profit
In 2023, more gamblers fostered better services at casinos, a survey hosted by the Macau Gaming Research Association (MGRA) aimed at generating Gaming Service Index (GSI)
Macau’s gross gaming revenue (GGR) for the first 21 days of January 2024 totaled MOP13 billion ($1.6 billion). This resulted in an average daily revenue of
In a strategic move to capitalize on Singapore’s soaring room rates and a booming post-pandemic travel sector, Las Vegas Sands (LVS), steered by the late casino magnate
Based on industry channels, Macau’s GGR for the first 14 days of January reached MOP8.6 billion, or an average gross gaming (GGR) revenue of MOP600 million per
Gaming operators MGM and Galaxy have announced a salary increment for all eligible team members, with effect from March and April, respectively. The pay rise
The slash in the number of Macau’s junkets is in line with the city’s development on economic transformation. Macau has again seen a reduction
After 13-year-old Willis Gibson became the first human to beat the original Nintendo version of Tetris, he dedicated his special win to his father, who passed away
Industry insiders foresee that gross gaming revenue (GGR) will face a slight deceleration, estimating a range between MOP540 million and MOP590 million per day. The
Gaming operators have announced a one-month discretionary bonus for all eligible non-management team members before the Chinese New Year. Over the weekend, Melco Resorts &
Local gaming industry expert and analyst Ben Lee has projected that local casinos’ gross gaming revenue (GGR) in 2024 should increase by some 15% when compared
Fitch Ratings has revised the Outlook on SJM Holdings Limited’s (SJM) Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative as the outlook reflects the robust
Macau has again seen a reduction of licensed junkets this year after figures from the government show the number of gaming promoters has been slashed to
After three tumultuous years for the casinos, the sector experienced significant upturn in 2023 following the reopening of the borders. Macau’s casino revenues hit MOP183.06
The city’s gross gaming revenue (GGR) is expected to surpass MOP180 billion, Chief Executive Ho Iat Seng said on the sidelines of a celebratory event. After attending
Macau’s gross gaming revenue (GGR) for the first 17 days of December may reach about MOP9 billion, Citi Research forecasted in a report based on
A developer’s drive to open a Las Vegas Strip resort with a vibe echoing Miami Beach’s venerable Fontainebleau reaches reality this week, with the opening of a
There has been a significant increase in gaming employees seeking assistance due to work pressures, said lawmaker Leong Sun Iok. Data from the Macau Gaming
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