Tag: Gaming
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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 ... -
October gaming revenue hits record high
Gaming revenue soared in October, marking a 6.6% year-on-year increase, thanks to a surge in visitors during China’s Golden Week holiday, the Gaming Inspection and Coordination Bureau revealed ... -
Macau gaming revenue hits record high in October
Macau’s gaming revenue soared in October, marking a 6.6% year-on-year increase, thanks to a surge in visitors during China’s Golden Week holiday, the Gaming Inspection and ... -
MGM launches major upgrades at resorts to strengthen market position
MGM China is embarking on a series of significant upgrade initiatives across its two integrated resorts in Macau, aiming to solidify its market share in the ... -
Gaming equipment provided to enhance live multi-game offerings with AI features
Macau-based provider of gaming equipment LT Game Ltd is upgrading its live multi-game (LMG) product to better engage players. The upgraded platform, slated for launch in ... -
Second court denies Asian American appeal in a lawsuit against LVS that goes back to the origins of gaming liberalization
The Court of Second Instance (TSI) has denied the appeal of Asian American Entertainment Corporation (AAEC) in its lawsuit against Las Vegas Sands (LVS), upholding a ... -
Mass baccarat revenue strong despite quarterly dip
Mass baccarat revenue reached MOP34.09 billion in the third quarter of 2024, according to figures released by the Gaming Inspection and Coordination Bureau (DICJ), comprising 61% ... -
Lucky 7 new side bets to mirror Singapore’s success
New baccarat side bets called “Lucky 7” and “Super Lucky 7” have debuted in Macau casinos, with industry experts anticipating the potential for these offerings to ... -
Gaming tax revenue reaches MOP7.16b in August
The Financial Services Bureau has reported a significant increase in gaming tax revenue for August, totaling MOP7.16 billion (approximately USD893 million), a rise of 4.8% from ... -
Macau casinos thrive during Golden Week festivities
During this year’s Golden Week holiday, Macau’s gaming industry surpassed all expectations, achieving daily gaming revenues averaging over MOP1 billion in the first six days. This ... -
Wynn Resorts secures first gaming license in UAE
Wynn Resorts Ltd. has made history by being awarded the first commercial gaming operator’s license in the United Arab Emirates (UAE), as announced on Friday. The ... -
CBRE: Investors should ‘double down’ on gaming stocks
Despite a recent rally in Macau gaming stocks, research house CBRE Equity is recommending investors increase their holdings, saying valuations remain low. In a move that ... -
New Baccarat side bets coming for Golden Week
Macau’s casino regulator has approved the launch of two new baccarat side bets, “Lucky 7” and “Super Lucky 7,” which are expected to debut on gaming ... -
Casinos poised for growth amid market challenges
The gaming sector is showing signs of resilience, with a recent Morgan Stanley report highlighting potential growth as market capitalization hovers near historical lows. The report ... -
Sands China unveils revamped Londoner grand casino
Sands China Ltd. has officially opened the remodeled Londoner Grand Casino, formerly known as the Pacifica, at The Londoner Macao resort. The grand unveiling occurred late ... -
Macau faces growing regional competition in a changing IR landscape
Integrated resorts (IRs) must adapt to government expectations and shifting market dynamics to remain competitive, a gaming expert said. Niall Murray, an expert in IRs, gaming ... -
Citi: ‘Whales’ betting more in 2024 than last year
High rollers known as “whales” have wagered more money in Macau in 2024 than all last year, according to a new report from Citigroup. Citi analyst ... -
MGM has funding flexibility for new projects globally
MGM Resorts International has the financial strength and flexibility to pursue multiple new integrated resort developments simultaneously, including potential opportunities in Thailand, the United Arab Emirates, ... -
Sands China partners with Agoda to promote global tourism
Sands China has formed a strategic partnership with digital travel company Agoda to promote tourism in Macau, the companies announced. The collaboration aims to attract international ... -
Wynn Resorts paying $130M for letting illegal money reach gamblers at Vegas Strip casino
Casino company Wynn Resorts Ltd. has agreed to pay $130 million to federal authorities and admit that it let unlicensed money transfer businesses around the world ... -
Casinos to face revenue decline in September
Gross gaming revenue for Macau’s casinos is forecast to decline in September, according to analysts’ predictions. After record-breaking revenue in August, the summer momentum is expected ... -
Seasonal trends drive August revenues to soar 15%
Gaming operators reported a significant rebound in gross gaming revenue (GGR) for August, reaching MOP19.8 billion (USD2.46 billion), a 14.8% increase year-on-year and a 6.2% rise ... -
Claw machine games are Rio de Janeiro’s new public enemy
Rio de Janeiro — already notorious for street muggings, corrupt politicians, ruthless militias and Kalashnikov-toting drug traffickers — has a new public enemy: plushies. Or, more ... -
SJM Holdings reports 47% rise in H1 revenues
Casino operator SJM Holdings has announced a significant increase in net revenue for the first half of 2024, reporting a year-on-year growth exceeding 47%, along with ... -
Seaport: Sands may resume dividends in 2025
Casino operator Sands China Ltd is expected to resume dividend payments as early as 2025, according to a note from Seaport Research Partners. This move would ... -
Moody projects Melco earnings to continually improve
Moody’s Investors Service has assigned a stable outlook to Melco Resorts Finance Ltd. and Studio City Finance Ltd., signaling its belief earnings and financial leverage at ... -
Hospitality workers at Venetian Las Vegas reach tentative deal on first-ever union contract
Thousands of hospitality union workers on the Las Vegas Strip have reached a tentative deal with the Venetian and Palazzo resorts, a first for employees at ... -
Citibank: Premium mass demand strong despite crackdown
Demand from mainland high rollers continues to drive Macau’s lucrative premium mass segment despite recent efforts to curb illegal money flows, according to analysts. In a ... -
Galaxy sees stabilizing player reinvestment
The management of casino operator Galaxy Entertainment Group Ltd (GEG) has indicated in a recent conference call with investment analysts that the trend of elevated player ... -
Galaxy Entertainment reports strong Q2 performance
Galaxy Entertainment Group (GEG) has announced impressive financial results for the second quarter and first half of 2024, demonstrating a 37% year-on-year increase in net revenue ... -
Lawrence Ho downplays money exchange crackdown on soft revenues
Melco Resorts Chairman and CEO Lawrence Ho has attributed the recent softness in Macau’s gaming market to factors like the Euro 24 football championships and the ... -
Paradise Entertainment expects profit rebound in 2024
Paradise Entertainment Limited has announced it expects to return to profitability, driven by higher casino management and Live Multi-Game (LMG) revenues. According to the company’s preliminary ... -
Gaming revenue ticks up in August
Macau’s six licensed gaming operators have seen a significant improvement in their gross gaming revenue (GGR) over the first couple weeks of August, according to a ... -
Citi upholds GGR forecast for August at MOP20 billion
Data from the first four days of the month indicates that gross gaming revenue (GGR) may reach MOP2.5 billion, representing a daily run-rate of MOP625 million, ... -
Analysts show cautious optimism for August casino revenues
Analysts expressed cautious optimism for August’s gross gaming revenues (GGR) after July’s figures fell short of expectations. The casino industry experienced a disappointing month in July, ...
