Search Results
Macau gaming market share fight amid moderating pace of revenue recovery
The fight for market share among Macau gaming operators is becoming a concern among investors, while the Asia gaming hub is expected to experience a moderating pace of revenue recovery in 2024.
Singapore’s tourism growth to slow amid elevating competition: Insider
Singapore is expected to experience a slowdown in tourism and gaming in 2024 due to escalating competition in the region, says Tradeview Capital Sdn Bhd CEO Ng Zhu Hann.
Macau on its way to becoming a “City of Performing Arts”: scholar
Holding concerts has already become the main driver for tourist volume in Macau among all non-gaming elements, according to a scholar.
Macau market to shift from gaming tables to EGMs naturally: Galaxy COO
The Macau SAR gaming market will naturally progress from a table-centric market to an Electronic Gaming Machine market, Kevin Kelley, COO of Galaxy Entertainment Group, predicted at a seminar at the MGS Entertainment Show.
Galaxy Entertainment officially opens Andaz Hotel in Macau
Galaxy Entertainment Group has officially opened its new 700-room Andaz Hotel - the largest of the brand worldwide - in Macau on September 15th.
Under the Scope: INSPIRE facing a tough road to growth
American gaming group Mohegan is eagerly awaiting its first venture into Asia: the multi-billion-dollar INSPIRE integrated resort, located in Incheon, South Korea. But gaming veteran Ben Lee points out that the property, set to open in the fourth quarter, could be facing more turbulence than it’s expecting, and not just due to backdrafts from the nearby airport.
MGM China sales team expansion shows confidence: Citigroup
Citigroup noted that MGM's management is 'showing confidence in the market', MGM China's President and Chief Operating Officer Hubert Wang revealed that the company will double the headcount of its international sales and marketing team
Macau on track to hold over 1,000 MICE events this year
Macau is on track to hold over 1,000 MICE events this year, as the local government expects to welcome over 170,000 professional visitors from mainland China, Southeast Asian countries, and Portuguese-speaking countries.
Holding concerts to help Macau rebranding, says top gaming scholar
Macau's six gaming operators are putting strong efforts into bringing prestigious concerts or shows to Macau, trying to rebrand Macau's image from a gaming hub to a city of entertainment. The move, notes gaming scholar Davis Fong, is laudable, and will further increase the city's attractiveness in 2H23.
Macau gaming EBITDA to reach 65 percent of pre-pandemic levels in Q2, estimates Citigroup
Investment bank Citigroup said in a new research note that they maintain a bullish stance on Macau's gaming industry, anticipating Macau industry-wide EBITDA in 2Q23 to recover to 65 percent of the same period in 2019.
