Location: Macau
Citi: History says Macau government’s 2025 US$30 billion GGR estimate could be wildly understated
The Macau government’s recent estimate that industry GGR will reach MOP$240 billion (US$30 billion) in 2025 could be wildly understated... more
Macau Chief Executive Ho Iat Seng says 2024 GGR forecast “conservative” during final policy address
Macau’s chief executive, Ho Iat Seng, said Tuesday that gross gaming revenue could reach MOP$228 billion (US$28.4 billion) this year at a... more
Macau exposure now “a negative” for U.S. companies, Jefferies analyst says
Investors in Macau-facing casino companies received some good news November 18. Jefferies Equity Research analyst David Katz reported that... more
Macau GDP up 11.5% in first three quarters of 2024
Macau’s Gross Domestic Product (GDP) stood at MOP$301 billion for the first three quarters of 2024, up 11.5% year-on-year in real terms... more
Analyst: Tilman Fertitta interest in Wynn stock an investment, not takeover
Wall Street analyst John DeCree tried to quell the initial speculation that Tilman Feritta’s becoming Wynn Resorts largest shareholder is... more
Light & Wonder CEO bullish on third quarter and beyond
“We continue to see stability and resilience,” said Light & Wonder CEO Matt Wilson, applauding his company’s third-quarter... more
Macau Chief Executive Ho Iat Seng offers condolences on the passing of Dr. Lui Che Woo
Che Woo, the founder and Chairman of Galaxy Entertainment Group (GEG). GEG announced late Monday that Dr Lui had passed away peacefully on... more
Galaxy Entertainment Group founder Dr. Lui Che Woo dies at age 95
Galaxy Entertainment Group (GEG) has announced the passing of the company’s Chairman and founder, Dr Lui Che Woo, at the age of 95. In a... more
Lui Che Woo, casino tycoon who hit jackpot in Macau, dies at 95
Lui Che Woo, the Hong Kong tycoon whose fortune grew alongside neighboring Macau’s casino industry, has died. He was 95. He died on Nov.... more
Macau property enhancements help Galaxy’s revenues climb 11% year-on-year in third quarter
Macau’s Galaxy Entertainment Group reported an 11% increase in net revenues of HK$10.7 billion (US$1.38 billion) in the September 2024... more
