Location: Macau
JP Morgan: Better mix, lower OPEX to see Macau operators exceed pre-COVID profit levels by 2025
Macau’s casino industry is poised to equal pre-COVID EBITDA numbers by 2024, and exceed them in 2025, thanks to better gaming mix and... more
Macau government collects US$195 million in gaming taxes in January
The Macau SAR Government collected gaming tax revenue of MOP$1.58 billion (US$195 million) in January, representing a 51.5% decline on the... more
Macau GGR climbs 33% year-on-year to MOP$10.3 billion in February
Macau’s casinos recorded gross gaming revenue of MOP$10.32 billion (US$1.28 billion) in February, maintaining positive momentum following... more
Macau casinos confirm visitors, staff no longer required to wear masks
With the relaxation of mask wearing measures in Macau, gaming operators no longer require customers to wear masks when entering casinos.... more
Chief Executive Ho Iat Seng confident Macau GGR will reach MOP$130 billion this year
Macau’s Chief Executive, Ho Iat Seng, said Friday he is confident that gross gaming revenue would reach MOP$130 billion (US$16 billion)... more
Macau gaming workers’ union says most former VIP staff still owed compensation
Macau-based workers union, the Macau Gaming Industry Employees Home, released figures this week showing that most former junket employees... more
Macau’s fiscal reserves fall 13% to US$69 billion in 2022
The Macau government announced Wednesday that its fiscal reserves fell to around MOP$558 billion (US$69.1 billion) at the end of 2022, down... more
Morgan Stanley raises Macau 2023 EBITDA estimates by 70% on better gaming mix
Investment bank Morgan Stanley said in a Monday note that it has raised its 2023 GGR and EBITDA estimates for Macau’s casino operators by... more
Non-gaming spend of Macau visitors fell 26% to US$2.25 billion in 2022
Macau’s total visitor spending in 2022 was MOP$18.17 billion (US$2.25 billion), 25.7% lower than in 2021. According to the Macau... more
Macau says gaming concessionaires must submit plans for sports events by next month
Macau’s Secretary for Social Affairs and Culture, Elsie Ao Ieong U, said Thursday that the city’s six concessionaires must submit their... more
