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Universal Entertainment Corp says affiliate now planning to develop land near Okada Manila following collapsed sale
Japan’s Universal Entertainment Corp (UEC) said Thursday that an equity-method affiliate that owns a 9.4-hectare parcel of land alongside... more
MGTO says Macau visitor arrivals reached 96,000 last Saturday
According to the Deputy Director of the Macao Government Tourism Office (MGTO), Ricky Hoi, the number of visitors to Macau last Saturday 18... more
Site preparations underway as contractors named for Wynn Resorts’ UAE integrated resort development
One of the two companies appointed to develop Wynn Resorts’ integrated resort project in the United Arab Emirates has now begun... more
Sportradar: Suspicious matches up 34% in 2022
A report from Sportradar Integrity Services has revealed that the company identified 1,212 suspicious matches in 2022, an increase of 307... more
Macau GGR run-rate climbs back to US$46 million per day
Macau’s recovery from the COVID-19 pandemic continues to gain momentum, with gross gaming revenues for the first 19 days of March... more
Okada Manila parents looking to terminate merger agreement for US listing
The operating entities of Philippines integrated resort Okada Manila have filed a series of counterclaims against US-based SPAC firm 26... more
MGM touts 2024 convention and international business at J.P. Morgan Forum
MGM Resorts International Chief Operating Officer Corey Sanders and Senior Vice President of Corporate Finance Sarah Rogers double-teamed... more
Wynn Resorts emphasizes Macau at J.P. Morgan forum
Representing Wynn Resorts, CFO Julie Cameron Doe showed the flag at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management... more
Sands has no Vegas regrets
Las Vegas Sands delegated Senior Vice President for Investor Relations Daniel Briggs to attend the J.P. Morgan Gaming & Lodging Forum... more
MGM China could be first Macau operator to reach pre-COVID mass revenue in 1Q23: Morgan Stanley
MGM China is on track to become the first of Macau’s concessionaires to see mass gaming revenues reach 100% of their pre-COVID levels... more
JP Morgan: Better mix, lower OPEX to see Macau operators exceed pre-COVID profit levels by 2025
Macau’s casino industry is poised to equal pre-COVID EBITDA numbers by 2024, and exceed them in 2025, thanks to better gaming mix and... more
Fitch upgrades China’s 2023 economic growth forecast to 5.2%
Fitch Ratings has issued a “significant upgrade” to its China growth forecast for 2023, with the ratings agency now expecting the... more
Aspire Global acquisition pushes revenue up 228.1% at NeoGames in 2022
Online gaming technology provider NeoGames reported a 228.1% year-on-year increase in revenue for its 2022 financial year, driven by its... more
Macau government collects US$195 million in gaming taxes in January
The Macau SAR Government collected gaming tax revenue of MOP$1.58 billion (US$195 million) in January, representing a 51.5% decline on the... more
Macau GGR climbs 33% year-on-year to MOP$10.3 billion in February
Macau’s casinos recorded gross gaming revenue of MOP$10.32 billion (US$1.28 billion) in February, maintaining positive momentum following... more
Hong Kong follows Macau lead by lifting mandatory mask order for indoor and outdoor settings
Following Macau’s announcement on Sunday that the wearing of masks in indoor and outdoor settings is no longer required, Hong Kong has... more
Macau casinos confirm visitors, staff no longer required to wear masks
With the relaxation of mask wearing measures in Macau, gaming operators no longer require customers to wear masks when entering casinos.... more
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