Location: Macau
Q3 earnings season kicks off with Las Vegas Sands on Wednesday, Boyd on Thursday
Third-quarter earnings season for the gaming industry kicks off in earnest Wednesday when Las Vegas Sands reports what’s happening in... more
Analyst estimates suggest 39% drop in Macau gaming revenues over past week on post-holiday lull
Macau’s gross gaming revenues fell by an estimated 39% to around MOP$514 million (US$64.1 million) per day in the week to 20 October,... more
Macau’s former top judge is elected as the Chinese casino hub’s first leader born in mainland China
MACAO (AP) — Macao’s former top judge, Sam Hou Fai, was chosen as the Chinese casino hub’ s next leader in a largely ceremonial... more
At stake for casinos when ex-judge from mainland China takes Macau’s top job
Some 400 pro-establishment electors are set to approve the sole candidate for Macao’s chief executive job on Sunday, making him the... more
Macau hotel occupancy reaches average of 94.5% during Golden Week
Macau’s average hotel occupancy reached 94.5% during the recent Golden Week holiday period, representing a 6.7 percentage point increase... more
Macau’s Golden Week shines as analysts point to “billion-dollar week”
Macau’s gaming operators averaged daily gaming revenues of more than MOP$1 billion during the first six days of the Golden Week holiday,... more
Jefferies analyst unconvinced of Macau recovery
Although September was better than expected for casinos in Macau, Jefferies Equity Research analyst David Katz isn’t buying a recovery... more
Macau GGR down 12.7% month-on-month to US$2.16 billion in September, lowest of the year
Macau’s gross gaming revenues came in at MOP$17.3 billion (US$2.16 billion) in September, up 15.5% year-on-year but down 12.7% on August... more
The sole candidate for Macau’s leader pledges to diversify the casino city’s economy
HONG KONG (AP) — The sole candidate in the election for Macau’s next leader has pledged to diversify the economy of the Chinese casino... more
Analyst cautious concerning Las Vegas, more bullish on Macau
A Wall Street analyst is “becoming more cautious” about Las Vegas casino earnings due to slowing leisure travel, while looking... more
