Location: Macau
Industry reps support Macau’s new “referral mechanism” for sports, cultural concepts but warn against over-reliance on concessionaires
Local academics and sports industry representatives have told Inside Asian Gaming that they largely support a new government initiative to... more
JP Morgan: All Macau operators now generating “ample” free cash flow as industry GGR grows by 31% in 2Q23
All six of Macau’s concessionaires should now be generating ample free cash flow after the June 2023 quarter – the first full quarter since... more
Macau GGR falls 2.3% month-on-month to US$1.88 billion in June
Macau’s gross gaming revenue reached MOP$15.21 billion (US$1.88 billion) in June, representing a slight 2.3% decline compared to May but... more
Macau’s hotel occupancy rate reaches 78.9% in May
Macau’s hotel occupancy rate grew by 44.6 percentage points year-on-year to 78.9% in May, with the occupancy rate of three-star hotels... more
Macau industry EBITDA to reach US$1.6 billion in 2Q23: Morgan Stanley
Investment bank Morgan Stanley said in a new research note that it expects Macau industry-wide EBITDA to reach US$1.6 billion for the June... more
Sands boosted on Macau strength
Citing better-than-expected performance following China’s Golden Week holiday period and ahead of June gambling-revenue reports, J.P.... more
Macau welcomes 2.21 million visitor arrivals in May, slightly down month-on-month
Macau recorded a total of 2,213,807 visitor arrivals in May, an increase of 268.5% compared to the same month last year although 2.6% lower... more
Macau to change law on election of Chief Executive to require concessionaire neutrality
The Macau government announced on Thursday that it will amend the Law on the Election of the Chief Executive to include a provision... more
Macau Legend inks deal to sell Laos casino Savan Legend for US$45 million
Macau Legend Development Ltd, the owner of the Macau Fisherman’s Wharf precinct and operator of satellite casino Legend Palace, has reached... more
MGM, Sands see Macau shifts
Top executives of both MGM Resorts International and Las Vegas Sands met in Toronto with J.P. Morgan analyst Joseph Greff. MGM sent CFO... more
