Location: Macau
Sands has no Vegas regrets
Las Vegas Sands delegated Senior Vice President for Investor Relations Daniel Briggs to attend the J.P. Morgan Gaming & Lodging Forum... more
MGM China could be first Macau operator to reach pre-COVID mass revenue in 1Q23: Morgan Stanley
MGM China is on track to become the first of Macau’s concessionaires to see mass gaming revenues reach 100% of their pre-COVID levels this... more
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 lower... 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
