Location: Macau
MGM credits regional and global reach, digital, and Marriott partnership as contributors to record Q1
MGM Resorts International’s earnings conference call Wednesday was marked by a slight change in presentation. Instead of CEO Bill... more
MGM reports record revenue in 2024’s first quarter
MGM Resorts International Wednesday reported revenue of $4.4 billion for this year’s first quarter, a quarterly record, and a 13%... more
Macau GGR up 26 percent year-on-year to $2.3 billion in April
Macau’s gross gaming revenue came in at $2.30 billion in April, representing a 26 percent year-on-year increase although slightly down on... more
Macau’s hotel occupancy rate hit 84.8% in 1Q24, led by five-star hotels
Macau’s hotel occupancy rate grew by 9.9 percentage points to reach 84.8% in the three months to 31 March 2024, with the occupancy rate of... more
JP Morgan: Macau’s daily GGR down 5% through first 21 days of April
Macau’s gaming operators have recorded combined gross gaming revenues of MOP$12.5 billion through the first 21 days of April, with the... more
Wall Street analysts weigh in on Sands stock after earnings consensus missed
Shares of Las Vegas Sands Corp. have fallen sharply since the company announced its first-quarter earnings Wednesday that Wall Street... more
Sands China reports $1.81 billion in net revenues in first quarter but profit hit by low hold
Sands China has reported net revenues of $1.81 billion for the three months to March 31, representing a 42 percent increase over the same... more
Las Vegas Sands reports “strong growth” from Macau and Singapore
Las Vegas Sands reported first-quarter growth in revenue, income, and adjusted earnings based on the ongoing recovery in Macau and new... more
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
