Location: Macau
Macau premium mass wager amount seen rising 5% month-on-month in August
The amount wagered by Macau premium mass players grew by 5% month-on-month in August, reflecting a significant increase in player numbers... more
Macau visitor spending soars by 355% year-on-year in 2Q23
The spending of visitors to Macau surged by 355% year-on-year to MOP$17.48 billion (US$2.17 billion) in the three months to 30 June 2023,... more
Macau GGR estimated at MOP$7.2 billion through first two weeks of August
Macau’s gross gaming revenues have continued to steadily climb, with estimates for the first 13 days of August placing industry revenue at... more
Macau GGR steady at US$67 million per day in early August, says JP Morgan
Macau’s gross gaming revenue reached an estimated MOP$3.2 billion (US$400 million) for the first six days of August, leaving it just about... more
Macau government expects gaming industry’s GDP contribution to fall to 40% by 2028
The Macau SAR Government said Friday it expects to increase the contribution of non-gaming industries to Gross Domestic Product (GDP) to... more
MGM’s agreement with Marriott elicits interest during earnings call; CEO bullish on Macau
In July, MGM Resorts International and Marriott International forged an agreement that drew interest from Wall Street analysts during... more
Nine new hotels comprising 3,732 hotel rooms under construction in Macau as of 2Q23
Nine hotels were under construction in Macau as of the June 2023 quarter, potentially providing the city with 3,732 additional hotel rooms... more
Wall Street Bets: Analysts take on earnings from PENN, LVS in Macau, GLPI and Monarch
In a July 24 note, J.P. Morgan analyst Joseph Greff wrote that the company was lowering its second quarter EBITDAR (net interactive loss... more
Q&A: MGM’s CEO discusses international projects, I-15 corridor
Nevada’s largest company is putting an emphasis on the “international” in MGM Resorts International. MGM President and CEO Bill Hornbuckle,... more
Sands beats second-quarter estimates with recovery in Macau
Aided by the recovery in Macau, the Las Vegas Sands Corp. beat second-quarter Wall Street estimates when it reported its earnings on... more
