Location: Macau
Lawrence Ho: Seasonality more than money exchange crackdown behind recent softness in Macau gaming market
Melco Resorts Chairman and CEO Lawrence Ho has played down the impact a recent crackdown by authorities on Macau’s illegal money exchange... more
Macau GGR said to have reached $884 million in first 11 days of August
Macau’s gaming operators generated gross gaming revenue of an estimated MOP$7.1 billion (US$884 million) over the first 11 days of August,... more
Analyst: August in Macau “largely as expected”
Calling Macanese casino business in the first weeks of “largely as expected,” Jefferies Equity Research analyst Andrew Lee noted an upward... more
Wynn Macau revenues down 11% quarter-on-quarter to US$885 million on low mass hold at peninsula IR
The Macau operations of US-based casino giant Wynn Resorts Ltd reported total operating revenues of US$885.3 million in the three months to... more
Wynn Resorts sets second quarter earnings record
Wynn Resorts Tuesday announced it set a second-quarter record for property earnings, along with year-over-year increases in operating... more
Wall Street Bets: Analysts take on DraftKings surcharge, AGS price target, Macau
DraftKings surcharge DraftKings’ announcement it was going to charge a surcharge on certain wagers attracted the attention of Wall Street.... more
Analyst: Macau’s crackdown on money exchange having impact
A government crackdown on illegal money exchanges is depressing gambling volume in Macau. That was one of the conclusions of Jefferies... more
Pereira Coutinho against ‘mass tourism’
Lawmaker José Pereira Coutinho says many residents are concerned with the “mass tourism” over the past few months, calling on the... more
Macau GGR seen improving in August but money exchange crackdown looms as potential headwind
Industry analysts are predicting a much stronger August for Macau’s casino operators than the more subdued June and July, although concerns... more
Macau GGR up 5.1% month-on-month to MOP$18.6 billion in July
Macau’s Gaming Inspection and Coordination Bureau (DICJ) reported industry-wide gross gaming revenue of MOP$18.6 billion (US$2.31 billion)... more
