Casinos hit MOP4.5b in first week of May

Casino floors averaged a daily run-rate of some MOP640 million during the first seven days of May which coincides with the May Golden Week, when the

Morgan Stanley forecasts GGR to approach 90% of pre-pandemic levels

Morgan Stanley has again raised its forecast for the city’s gaming industry as the sector has been painting a rosy picture, following nearly three years of

Casino stocks on a decline, full recovery only by 2025: Moody’s

Macau casino stocks again declined yesterday, following losses of up to 8.7% the day prior. Yesterday, Melco International led the decline with a 4.4%

Long-unfinished blue Strip tower sets date for grand opening

A soaring blue-glass tower that has sat empty for close to two decades on the Las Vegas Strip — through the Great Recession and an unprecedented pandemic

Casino sector gains momentum, hitting new high in April

The casino sector continues to gain traction in recovery in April, recording MOP14.7 billion in revenue in April, the highest monthly taking since January 2020.

MGM records MOP5b in revenue in Q1 as sector recovers

MGM China has outperformed the casino market as the industry recovers. The group recorded a revenue increase of 131.2% year-on-year to HKD4.8 billion for the first quarter, reaching 84%

Wynn Resorts to build first gaming resort in UAE for USD3.9b

Las Vegas-based casino operator Wynn Resorts, which is one of the biggest in the world with resorts in Boston and Macau, has announced that it will build

Credit Suisse: casinos set for peak revenue period in final days of April

Credit Suisse’s channel data shows that the casino sector is set to record around MOP750 million a day in revenues from April 20 to May 1.

Junkets only allowed giving credit to gamblers under contract with concessionaires

The gaming promoters, also called “junkets,” will only be able to grant credit to gamblers to play in the local casinos if such promoters have

Sands China notches USD1b in Q1 revenue

Sands China notched revenue of USD1.27 billion in the three months from January through March, more than doubling that figure on a year-over-year basis, Las Vegas

Baccarat accounts for 84% of all GGR during Q1, VIP still lagging behind

The Baccarat card game continues to be the game of choice for most casino patrons in Macau, generating a Gross Gaming Revenue (GGR) of 29.1

MGM Resorts wins Japan’s first casino license

MGM Resorts International has been granted a license to operate the first casino in Japan, and is further expanding its international portfolio by way of Japan

Casinos registering MOP400 million daily run rate

Macau's casino revenues for the first 10 days of the month have reached MOP4 billion, implying a daily run rate of around MOP400 million, according to

Post-Covid woe: Atlantic City casino earns fell 4.6% in ‘22

Three years after the coronavirus pandemic erupted, Atlantic City’s casinos are collectively struggling to get back to where they were before COVID-19 in terms of profitability.

JP Morgan: Mass GGR in Q1 hits over half of pre-Covid levels

Gaming revenues in March have indicated that mass GGR has finally hit “70 percent-plus of pre-Covid levels for the industry,” according to brokerage firm JP Morgan

Casinos record best month in three years

The city’s casinos have recorded the best month in three years as gaming revenues surge 247% and Macau sees an influx of tourists following promotions

Renamed Horseshoe to host Poker World Series on Vegas Strip

A name paired with poker and Las Vegas lore now has a place on the neon-lit Strip following the rebranding of an iconic hotel with a memorable

Casinos likely to earn MOP11b in GGR for March

The city’s gross gaming revenue (GGR) is estimated to have reached MOP6.8 billion by Mar. 19 as economic revival continues, following the consistent recovery in tourist arrival numbers.

ID not fully aware of big six proposals for sports

Speaking to the media on the sidelines of the launching of this year’s Dragon Boat Races event, the Sports Bureau (ID) president, Pun Weng Kun, said the entity

Bill to legalize sports wagering clears Kentucky House

A bill to legalize sports betting in Kentucky won House passage yesterday , setting up a Senate showdown on a proposal that creates divisions among the

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