Location: Asia
Macau Chief Executive says challenges from regional competition in tourism and gaming cannot be ignored
Macau’s Chief Executive, Sam Hou Fai, has been in office for two months and is about to deliver his first policy address. While there has... more
Wynn to prioritize capex spend in UAE, Thailand over potential Las Vegas expansion
Wynn Resorts CEO Craig Billings told analysts during the company’s 4Q24 earnings call on Friday morning that any potential expansion of its... more
Wynn touts record-setting 2024, but laments stock valuation
Wynn Resorts CEO Craig Billings, touting a record-setting 2024 and strength in 2025 in Las Vegas, said the gaming operator will continue to... more
Wynn Resort highlights planned London acquisition, potential new projects, including Las Vegas
Wynn Resorts highlighted its planned acquisition of a London casino, new opportunities, and what it would take to develop another resort in... more
Opinion: Has Macau hit a GGR ceiling?
Macau casinos’ shrinking gross gaming revenue (GGR) may be a wake-up call, suggesting performance has hit a ceiling, and requiring new... more
JP Morgan points to promising post-CNY demand as Macau GGR steadies in first nine days of February
Macau’s gross gaming revenue is believed to have reached MOP$7.4 billion (US$922 million), or MOP$822 million (US$102 million) per day,... more
Wynn completes Al Marjan Island resort financing via US$2.4 billion facility
Global casino operator Wynn Resorts has completed financing for its Wynn Al Marjan Island development in the United Arab Emirates after... more
Police detect criminal syndicate broadcasting live betting from Macau casino
A criminal syndicate from mainland has been secretly broadcasting live betting on a hidden cell phone in the VIP room of a casino in Macau... more
Macau visitor arrivals total 1,309,595 during eight-day CNY Golden Week, down 3% year-on-year
Macau welcomed a total of 1,309,595 visitors during this year’s eight-day Chinese New Year Golden Week, a decrease of about 3% compared to... more
South Korea’s Paradise Co. reports US$48 million in January casino revenues
Leading Korean foreigner-only casino operator Paradise Co reported casino revenue of KRW70.4 billion (US$48.1 million) in January, down... more
