Macau

Macau emerged as a major winner in the latest edition of the Forbes Travel Guide, with the highest number of five-star hotels, restaurants and spas.

Fitch Ratings says it expects Macau’s gross gambling revenue to gain 13 percent in 2018, moderating from a 36 percent spike recorded in January.

Gross gambling revenue over the Chinese New Year period was disappointing, despite higher visitation to Macau, according to Bernstein analysis.

MGM China’s Q4 revenue gained 10 percent, pulled up by the mass market, which benefited from a gain in both volume and hold percentage.

Macau Legend Development says it expects to record an 85 percent increase in net loss for the year ended December 31, 2017, attributed to depreciation, financial and impairment costs.

Macau casino operator Sands China ended the year with a profit increase of 31 percent, reaching US$1.6 billion, according to a preliminary results filing from the operator on Thursday.

MGM China has announced the resignation of Mr. Kenneth A. Rosevear as a non-executive director of the company, effective February 14.

MGM Cotai opened its doors yesterday, with casino floor traffic above expectations following the grand opening ceremony.

Macau junket operator Rich Goldman saw its 17H2 profit fall 38 percent to HK$24.7 million (US$31.6 million), impacted by a significant drop in revenue from its gaming business.

Melco has announced the payment of a one-month discretionary bonus to all eligible non-management employees, as well as a salary increase of 2.5 percent to 8.1 percent.​

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