Location: Asia
Chief Executive Ho Iat Seng confident Macau GGR will reach MOP$130 billion this year
Macau’s Chief Executive, Ho Iat Seng, said Friday he is confident that gross gaming revenue would reach MOP$130 billion (US$16 billion)... more
Macau gaming workers’ union says most former VIP staff still owed compensation
Macau-based workers union, the Macau Gaming Industry Employees Home, released figures this week showing that most former junket employees... more
Macau’s fiscal reserves fall 13% to US$69 billion in 2022
The Macau government announced Wednesday that its fiscal reserves fell to around MOP$558 billion (US$69.1 billion) at the end of 2022, down... more
Morgan Stanley raises Macau 2023 EBITDA estimates by 70% on better gaming mix
Investment bank Morgan Stanley said in a Monday note that it has raised its 2023 GGR and EBITDA estimates for Macau’s casino operators by... more
Non-gaming spend of Macau visitors fell 26% to US$2.25 billion in 2022
Macau’s total visitor spending in 2022 was MOP$18.17 billion (US$2.25 billion), 25.7% lower than in 2021. According to the Macau Statistics... more
Macau says gaming concessionaires must submit plans for sports events by next month
Macau’s Secretary for Social Affairs and Culture, Elsie Ao Ieong U, said Thursday that the city’s six concessionaires must submit their... more
Defense and prosecution both appeal verdict in Alvin Chau junket case
Former Suncity Group CEO Alvin Chau, who was sentenced to 18 years in prison by the Macau Court of First Instance last month, has appealed... more
Wynn Resorts set all-time record for entire Las Vegas Strip marketplace
Wynn Resorts’ CEO said Wynn Las Vegas likely set an all-time record for adjusted earnings on the Las Vegas Strip in 2022, and 2023 is off... more
Wynn Resorts reports record adjusted earnings for North American properties
Wynn Resorts set a record for adjusted earnings in both the fourth quarter and 2022 as a whole for its Las Vegas and Boston properties, as... more
MGTO claims less than 5% of visitors to Macau are gamblers
The Macau Government Tourist Office (MGTO) claimed Wednesday that less than 5% of visitors to Macau are there specifically to gamble,... more
