Location: Macau
Seaport: Macau GGR quite strong in early January at possibly over US$105.9 million per day
Following a surprisingly weak end to 2025 when Macau’s December gaming revenues missed consensus by some margin on low VIP hold, the first... more
Moody’s: After challenging year, SJM likely to reduce leverage in 2026 on higher EBITDA and modest debt reduction
Moody’s Ratings says it expects SJM Holdings – the Hong Kong-listed parent company of Macau concessionaire SJM Resorts S.A. – to reduce its... more
Lawrence Ho-linked Black Spade Acquisition III prices IPO, targets NYSE debut today
Black Spade Acquisition III Co, a special purpose acquisition company (SPAC) sponsored by an affiliate of Black Spade Capital – the family... more
Wall Street Bets: Las Vegas Strip, Macau
Wall Street Bets is a roundup of recent notes from analysts covering the gambling industry. Growth in Macau Dan Politzer of J. P. Morgan on... more
Macau records all-time high of 40.06 million visitor arrivals in 2025
Macau’s tourism industry achieved another milestone in 2025 with the total number of tourist arrivals reaching an all-time high of 40.06... more
Macau GGR up 9.1% in 2025 to US$30.9 billion following subdued December result
Macau’s gaming industry generated gross gaming revenue of MOP$247.4 billion (US$30.9 billion) in 2025, representing a 9.1% increase over... more
Macau on verge of breaking annual visitation record this year
Macau is on the verge of setting a record for the most annual visitors. The city’s Public Security Police said visitation hit 39.411... more
Hubert Wang departs MGM China, Kenneth Feng promoted to CEO
MGM China has announced the immediate departure of its President and COO Hubert Wang, following 14 years with the company. In an... more
Macau gaming tax take for first 11 months of 2025 reaches US$10.6 billion
The Macau government collected gaming taxes of MOP$9.27 billion (US$1.16 billion) in November, representing a 15.9% increase compared with... more
Citi: Macau EBITDA to grow 10% in 2026 on “illustrious” concert schedule, new suite supply and latest baccarat side bets
Banking giant Citigroup is forecasting Macau’s gross gaming revenues to rise 6% and EBITDA by 10% year-on-year in 2026, driven by big name... more
