Location: Asia
MGM credits regional and global reach, digital, and Marriott partnership as contributors to record Q1
MGM Resorts International’s earnings conference call Wednesday was marked by a slight change in presentation. Instead of CEO Bill... more
MGM reports record revenue in 2024’s first quarter
MGM Resorts International Wednesday reported revenue of $4.4 billion for this year’s first quarter, a quarterly record, and a 13%... more
Macau GGR up 26 percent year-on-year to $2.3 billion in April
Macau’s gross gaming revenue came in at $2.30 billion in April, representing a 26 percent year-on-year increase although slightly down on... more
Macau’s hotel occupancy rate hit 84.8% in 1Q24, led by five-star hotels
Macau’s hotel occupancy rate grew by 9.9 percentage points to reach 84.8% in the three months to 31 March 2024, with the occupancy rate of... more
Uzbekistan to launch new gambling regime in 2025, ending total ban
The Republic of Uzbekistan has issued a decree to launch a new gambling regime in 2025, ending the 17-year prohibition of all forms of... more
Oddin.gg, PGL, agree to multi-year strategic alliance
Esports live odds provider Oddin.gg and PGL have agreed to a multi-year strategic alliance. Per the agreement, which extends between... more
Saudi Arabia’s booming hospitality sector to add 320,000 hotel rooms by 2030
Saudi Arabia is projected to have 320,000 new hotel rooms by 2030 across the country to accommodate an influx of 150 million domestic and... more
MGM’s Osaka IR secures $3.4 billion in funding via loan agreement with banks
The joint venture entity developing Japan’s first integrated resort in Osaka has secured a loan agreement with a group of banks reported to... more
JP Morgan: Macau’s daily GGR down 5% through first 21 days of April
Macau’s gaming operators have recorded combined gross gaming revenues of MOP$12.5 billion through the first 21 days of April, with the... more
Wall Street analysts weigh in on Sands stock after earnings consensus missed
Shares of Las Vegas Sands Corp. have fallen sharply since the company announced its first-quarter earnings Wednesday that Wall Street... more
