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Bad weather sees Macau GGR fall 13% to MOP$14.94 billion in September
- Ben Blaschke, Inside Asian Gaming
Macau’s gaming industry recorded gross gaming revenues of MOP$14.94 billion (US$1.85 billion) in September, down 13.2% month-on-month due... more
Far East given green light to spin-off and list Czech casino business on Hong Kong Stock Exchange
- Inside Asian Gaming
Hong Kong real estate developer Far East Consortium International Ltd said this week it has received approval from the Hong Kong Stock... more
Certification process complete as MGM Resorts joint venture signs Implementation Agreement for Osaka IR
- Ben Blaschke, Inside Asian Gaming
Osaka IR Corporation, the joint venture between MGM Resorts International and local partner ORIX Corporation, have officially signed with... more
“Unprecedented” line-up of non-gaming events to boost Macau GGR in Q4, says Citi
- Ben Blaschke, Inside Asian Gaming
Macau’s gaming revenues are set to benefit from an “unprecedented line-up of events” organized by concessionaires, which will help... more
G2E Asia returning to The Venetian Macao from 4 to 6 June 2024
- Ben Blaschke, Inside Asian Gaming
Industry trade show G2E Asia will return to its traditional home of Macau next year, to be held alongside the Asian IR Expo at The Venetian... more
Macao is preparing ‘step by step’ for Muslim visitors, tourism chief says
- Gilbert Humphrey, The Macao News
Macao must make sure that its travel industry “understands Muslim tourists,” if the city is to fully develop such markets. That’s... more
Dubai driving to surpass Las Vegas hotel room inventory
- Richard N. Velotta , Las Vegas Review-Journal
While Dubai is on track to surpass the number of hotel rooms in Las Vegas, a Southern Nevada gaming and hospitality industry analyst who... more
PAGCOR remittance to government approaching pre-pandemic levels
- Inside Asian Gaming
Philippines gaming regulator PAGCOR remitted 43% more revenue to the government’s coffers in the first seven months of the year than... more
Caesars, MGM talk online and international strategies
- David McKee
In meetings last week in Las Vegas with Truist Securities analyst Barry Jonas, executives of Caesars Entertainment and MGM Resorts... more
Melco to revitalize Macau Inner Harbour piers and Ruins of St Paul area
- Pierce Chan , Inside Asian Gaming
Following last week’s announcement of MGM China’s proposal to revitalize the A-Ma area of Macau, the SAR government and Melco Resorts... more
University of Macau survey finds 30% of adults gambled in 2022, well down on pre-COVID levels
- Pierce Chan, Inside Asian Gaming
The Social Welfare Bureau of Macau (IAS) has cited new data from a University of Macau survey which found that 30.1% of the adult Macau... more
Macau casinos may see further lift from Golden Week rush
- Bloomberg
A sharp increase in the number of visitors to Macau has led to an upgrade in analysts’ earnings outlook for casinos, even as the prospect... more
Wall Street Bets: Analysts take on MGM cyberattacks, Wynn in UAE, IGT
- Rege Behe
MGM Resorts cyberattack The Sept. 11 cyberattack on MGM Resorts had a ripple effect throughout the gaming industry, with Caesars... more
Analyst: Wynn’s Arabian venture to be global magnet
- David McKee
Wynn Resorts’s in-progress mega resort-casino on Al Marjan Island in Ras Al Khaimah, United Arab Emirates, is worth an additional $10 to... more
As the United Arab Emirates prepares to legalize gambling, MGM confident in position
- Howard Stutz, The Nevada Independent
Research analysts have yet to weigh in on the potential of a United Arab Emirates (UAE) gaming market that Bloomberg Intelligence predicted... more
Analyst: Typhoon dampens Sands
- David McKee
Weather reports were adverse for Las Vegas Sands today, as J.P. Morgan analyst Joseph Greff reduced his price target on the stock, citing... more
Caesars ending its operations in Dubai
- Howard Stutz, Nevada Independent
Just as gaming opportunities seem to be heating up in the United Arab Emirates, one Las Vegas-based company is exiting the market. Caesars... more
Analyst: Macau mass market “healthy”
- David McKee
While the decline of Macau’s high-roller customers, customarily referred to as VIPs, has been the subject of considerable media coverage,... more
Despite Beijing’s crackdown, junket agents return to lure VIPs to Macao’s casinos
- Peggy Ye and Kensaku Ihara, Nikkei Asia
In the wake of Macao’s crackdown on casino junkets and the subsequent COVID-related travel restrictions, casinos are now... more
U.S. judge says no requirement for Okada Manila SPAC merger to proceed
- Ben Blaschke, Inside Asian Gaming
A US court has ruled that the operating entity of Philippines integrated resort Okada Manila will not be required to complete a previously... more
