Location: Macau
Despite underperformance, analyst “cautiously optimistic” for gaming
Calling 2024 an “underperformance” year for the casino industry, Macquarie Equity Research analyst Chad Beynon said he was... more
Macau government lowers 2025 GGR forecast to US$28 billion
The Macao SAR Government announced Tuesday that it has lowered its gross gaming revenue estimate for 2025 to MOP$228 billion (US$28.2... more
Macau GGR sets new post-COVID high of US$2.62 billion in May
Macau’s casinos recorded gross gaming revenue of MOP$21.19 billion (US$2.62 billion) in May, making it the biggest month of 2025 so far... more
Sands CEO: Macau gaming market challenged by increased competition, online gambling, and US-China trade war
Las Vegas Sands (LVS) Chairman and CEO Robert Goldstein has bemoaned the lingering impact of the US-China trade war, as well as increased... more
Robert Goldstein: Macau gaming market challenged by increased competition, online gambling and US-Sino trade war
Las Vegas Sands (LVS) Chairman and CEO Robert Goldstein has bemoaned the lingering impact of the US-China trade war, as well as increased... more
Moody’s maintains investment-grade rating for Macau as fiscal reserves climb to US$77 billion
Moody’s Ratings has affirmed the local and foreign currency issuer rating of the Macao SAR Government at Aa3 with a negative outlook,... more
Criminalization of illegal money exchange linked to 61.5% year-on-year increase in Macau’s gaming-related crime in 1Q25
In response to the criminalization of money exchange gangs, which came into effect in October 2024, there were 567 gaming crimes in Macau... more
Morgan Stanley: Melco and MGM China most likely Macau operators to outperform 2025 EBITDA estimates
An analysis of the 2025 EBITDA forecasts of Macau’s six concessionaires, compared with the realistic growth drivers that can get them... more
Macau GGR tracking well at US$1.6 billion through first 18 days of May
Macau’s gross gaming revenue is estimated to have averaged MOP$593 million (US$73.6 million) per day for the seven days from 12 to 18... more
Macau gaming tax down 3.9% in April to US$944 million
According to data released by Macau’s Financial Services Bureau, the Macau government’s revenue from gaming taxes in April was... more
