Location: Asia
Sands China reports $1.81 billion in net revenues in first quarter but profit hit by low hold
Sands China has reported net revenues of $1.81 billion for the three months to March 31, representing a 42 percent increase over the same... more
Las Vegas Sands reports “strong growth” from Macau and Singapore
Las Vegas Sands reported first-quarter growth in revenue, income, and adjusted earnings based on the ongoing recovery in Macau and new... more
China’s economy grows by 5.3% year-on-year in 1Q24, exceeding forecasts
The National Bureau of Statistics (NBS) announced that mainland China’s economy grew by 5.3% year-on-year in the first quarter of 2024,... more
Bank of America updates casino earnings estimates ahead of this week’s kickoff
First-quarter earnings season kicks off Wednesday for the gaming industry when Las Vegas Sands Corporation reports. Bank of America... more
Citi: Early adoption of smart gaming tables to see MGM China maintain “technological advantage” over Macau peers through 2024
MGM China will maintain a technological advantage over its Macau peers throughout the remainder of this year and possibly into 2025 due to... more
Thai cabinet endorses casino plan, calls on Ministry of Finance to undertake 30-day feasibility study
The Thai cabinet has endorsed a special House committee report recommending the legalization of integrated resorts with casinos, and given... more
Moody’s expecting Melco Resorts to reach $1.3 billion in adjusted EBITDA in 2024
The continued recovery of the Macau market should see concessionaire Melco Resorts & Entertainment increase its Adjusted EBITDA to... more
Development of fourth Marina Bay Sands tower and new arena to begin by July 2025
Full construction of Marina Bay Sands’ US$3.3 billion expansion project is set to begin by July 2025, the company has announced, with a... more
Morgan Stanley: Macau Q1 EBITDA likely to come in below GGR growth as operators deleverage
Macau’s 1Q24 EBITDA could come in below the 6% quarter-on-quarter GGR growth of 6%, suggesting operators are still heavily focused on... more
Thai casino legislation could cast shadow on Japan’s long-awaited IR dream
The anticipated approval by the Thai cabinet of a study recommending the legalization of casino gaming poses a serious threat to the future... more
