Location: Macau
Bank of America updates casino earnings estimates ahead of this week’s kickoff
First-quarter earnings season kicks off Wednesday for the gaming industry when Las Vegas Sands Corporation reports. Bank of America... more
Citi: Early adoption of smart gaming tables to see MGM China maintain “technological advantage” over Macau peers through 2024
MGM China will maintain a technological advantage over its Macau peers throughout the remainder of this year and possibly into 2025 due to... more
Moody’s expecting Melco Resorts to reach $1.3 billion in adjusted EBITDA in 2024
The continued recovery of the Macau market should see concessionaire Melco Resorts & Entertainment increase its Adjusted EBITDA to... more
Morgan Stanley: Macau Q1 EBITDA likely to come in below GGR growth as operators deleverage
Macau’s 1Q24 EBITDA could come in below the 6% quarter-on-quarter GGR growth of 6%, suggesting operators are still heavily focused on... more
Macau holds its final horse race, ending a tradition of more than 40 years
MACAU (AP) — After more than 40 years, Macao’s horse racing track hosted its final races on Saturday, bringing an end to the sport in... more
Wall Street Bets: Light & Wonder, Scientific Games. Gambling.com, Macau
Light & Wonder Truist Securities analyst Barry Jonas, in a March 21 post, commented on meetings the company hosted with Light &... more
Record Macau profits see MGM China terminate $750 million loan facility from parent MGM Resorts
Macau concessionaire MGM China has terminated a $750 million revolving loan facility provided by parent company MGM Resorts International... more
Wall Street Bets: Analyst take on Bally’s, US gaming trends, Golden Entertainment, Macau
Standard General/Bally’s Jefferies’ David Katz March 18 reviewed Standard General’s offer to acquire Bally’s. “The terms of... more
JP Morgan: Macau GGR holding steady at $76 million per day through early March
Macau’s gross gaming revenue for the first 10 days of March came in at $757 million or $75.7 million per day, just 3% lower than the... more
International Monetary Fund says Macau GDP to grow by 13.9% in 2024 on further recovery of gaming industry
The International Monetary Fund (IMF) estimates Macau’s Gross Domestic Product (GDP) will grow by a projected 13.9% in 2024 to around $45... more
