Location: Macau
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
Macau’s SJM Holdings reports narrowed $257 million loss in 2023
Macau concessionaire SJM Holdings has reported a loss of $257 million for the 12 months to 31 December 2023, narrowed from a $997 million... more
Wall Street Bets: Everi/IGT, Melco, Boyd Gaming Golden Entertainment
Everi/IGT The Feb. 29 announcement of Everi Holding’s merger with two International Game Technology units drew keen interest from analysts.... more
February GGR comes in at $2.28 billion, boosted by Lunar New Year Golden Week
Boosted by the Chinese New Year Golden Week, Macau’s gross gaming revenue in February 2024 amount to $2.3 billion. Macau recorded 1.36... more
Analyst: Wynn Resorts a “compelling” value
In an investor note released today, J.P. Morgan analyst Joseph Greff hailed Wynn Resorts as “one of the more compelling risk-rewards... more
Lei Wai Nong: Macau’s GDP to grow 10.3% in 2024
Macau’s GDP is expected to grow by 10.3% in real terms in 2024, recovering to 90% of 2019 levels according to Macau’s Secretary for Economy... more
Analyst: MGM Resorts “measured” on BetMGM’s future
When David Katz of Jefferies Equity Research met yesterday with MGM Resorts International executives, he found the company “bullish” about... more
Wall Street Bets: Analysts take on Alabama, DraftKings, NJ sports betting, Chinese New Year
Alabama gambling legislation Analyst David Katz of Jefferies examined the possibility of Alabama legalizing gambling. “HB151, a proposed... more
Macau Chief Executive maintains 2024 GGR forecast of $26.8 billion
Macau’s Chief Executive, Ho Iat Seng, said Tuesday that the government is maintaining its GGR forecast for 2024 at $26.8 billion. It was... more
Wall Street Bets: Red Rock Resorts, gambling vote in Alabama, Wynn Resorts
Red Rock Resorts Red Rock Resorts’s 2023 4th quarter results were generally positive, according to analysts. According to J. P. Morgan... more
