Location: Macau
Morgan Stanley says Macau now a growth market, raising 2025 GGR and EBITDA forecasts after two consecutive monthly beats
Investment bank Morgan Stanley has raised its Macau GGR and EBITDA growth forecasts for 2025, and operator price targets by 30% across the... more
Macau GGR up 19% year-on-year to US$2.73 billion in July, sets new post-pandemic record
Macau’s casinos recorded gross gaming revenue of MOP$22.13 billion (US$2.73 billion) in July, up 19.0% year-on-year and setting a new... more
MGM China reports all-time record adjusted EBITDA of $320M; market share hits 16.6%
MGM China recorded its highest ever Adjusted EBITDA in the June 2025 quarter, continuing its recent run of success as the company’s Macau... more
Las Vegas Sands cites underperformance in Macau that it is addressing
While touting the record-setting performance at the Marina Bay Sands in Singapore, Las Vegas Sands executives said its properties in Macau... more
Las Vegas Sands reports gains in revenue and adjusted earnings in Q2, continues stock buybacks
Led by record performance in Singapore, Las Vegas Sands reported year-over-year gains in net revenue, net income and adjusted property... more
Citi: Galaxy now Macau’s premium mass leader, Sands China close behind on new baccarat progressive jackpot
Galaxy Entertainment Group has emerged from the pack as Macau’s new leader in premium mass, aided by the recent opening of the... more
CBRE lowers Q2 and Q3 earnings for Las Vegas Strip, strengthening in Q4 and 2026
CBRE lowered its second- and third-quarter earnings estimates for Las Vegas Strip casinos impacted by a summer slowdown, but predicted a... more
Earnings season kicks off Wednesday with open questions about Macau, regionals, Las Vegas
Second-quarter earnings season starts Wednesday and kicks off in earnest next week, when a lot of questions will be answered about Las... more
Macau gaming tax hits US$5.6 billion through first six months of 2025
According to data released by Macau’s Financial Services Bureau (DSF), the Macau government’s revenue from gaming taxes in the first... more
Citi: Hot July start for Macau gaming revenues as concert culture maintains momentum
Macau’s gross gaming revenues are estimated to have reached MOP$4.3 billion for the first six days of July, implying a daily run-rate of... more
