Location: Asia
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
Melco eyes global casino expansion on new asset-light model
Melco Resorts & Entertainment Ltd. is in talks to expand its brand beyond Macau, with plans to ramp up an asset-light strategy by... 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
What does the legalization of casinos promise for Azerbaijan’s economy?
In the modern era, tourism is based not only on historical and geographical attractions but also on the entertainment and freedom of choice... more
PAGCOR’s net income up 64% to US$188 million in first six months of 2025
Philippine gaming regulator PAGCOR registered net income of Php10.8 billion (US$188 million) in the first six months of 2025, up 64.3%... more
‘Cool’ second quarter earnings marked by operator introspection: analyst
Quarterly earnings reports so far have been positive, according to Jefferies Equity Research analyst David Katz in a July 27 investor note.... more
Maybank: Threat of total ban on Philippines online gaming is real, more clarity from President Marcos likely Monday
Malaysian investment bank Maybank has warned that the threat of a total ban on the Philippines’ domestic online gaming, or eGames, sector... more
Philippines IRs see combined GGR fall 10.6% to US$778 million in 2Q25
The Philippines’ integrated resorts generated gross gaming revenues of Php93.4 billion (US$1.65 billion) in the first six months of the... 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
