Macau

Casino operator SJM Holdings is hoping to resume construction of its Grand Lisboa Palace development after complying with the changes required by Macau’s Labor Affairs Services.

MGM China posted a 1 percent decline in Q2 revenue as mass floor table games income fell 2 percent, while VIP gained just 1 percent.

Macau Roosevelt Hotel and Casino officially opened its doors, after an opening ceremony was held at the Macau Jockey Club on Wednesday.

Total net revenues for Sands China increased 23 percent year-on-year to US$1.8 billion in the second quarter of 2017, driven by strong mass gaming revenue growth.

Net income for Sands China increased 37.6 percent year-on-year to US$326 million in 17Q2, compared to US$237 million in 16Q2.

Two men were arrested earlier this week for using counterfeit gambling chips in a casino in Cotai.

Increased anti-corruption activity in China over 17Q2 may pose a risk to premium spend, says Bernstein analysts.

Wynn Resorts’ Macau operations have posted a 57.5 percent increase in net profit for the second quarter of 2017, reaching US$102.6 million, boosted by strong revenue growth.

Mass market revenue is set to face some headwinds due to regulatory pressure, according to Morgan Stanley analysts in a note on Tuesday.

The Statistics and Census Service (DSEC) reported a small rise in visitor arrivals to Macau in the month of June, up 0.9 percent year-on-year, but down 7.5 percent month-on-month.

Macau saw a strong week-on-week increase in ADR for the week ended July 23, due to higher VIP hold and volume, and strong visitation.

Pages