MGM China has announced its continued resurgence in the first quarter of the year, with record high adjusted EBITDA and market share during the period.

Cambodian and Vietnamese casino operator Donaco International has reported steadily increasing earnings in 1Q24, almost fully reaching pre-COVID operational levels, as stated in the company’s quarterly report.

A study by the ASEAN+3 Macroeconomic Research Office (AMRO) has found that intraregional tourism within ASEAN+3 countries was ‘particularly strong’, except for China, where the recovery of outbound tourism has significantly lagged.

NagaCorp Ltd, the operator of NagaWorld, a casino resort monopoly in the Cambodian capital Phnom Penh, has announced that it recorded a 23.7 percent increase in gross gaming revenue (GGR) in the first quarter of this year compared to the same period last year, reaching over $145 million.

Macau's gross gaming revenue (GGR) amounted to MOP19.50 billion ($2.42 billion) in March, reaching a new 49-month high.

Average earnings of full-time employees in the Macau gaming industry in December were MOP25,290 ($3,138), up by 6.8 percent year-on-year. This figure has already surpassed the MOP24,640 ($3,058) reported in 4Q19.

Melco’s EBITDA expected to surpass pre-COVID levels in 2025: S&P S&P Global Ratings states that Macau gaming operator Melco Resorts & Entertainment Ltd. is on track for an accelerating recovery path, with its property EBITDA expected to return to 2019 levels by 2025. In a non-ratings commentary, S&P assumes the company's EBITDA will recover to 94 percent of 2019 levels in 2024 and 7 percent higher than 2019 levels in 2025. This compares with about a 75 percent level in the fourth quarter of 2023. "Melco's EBITDA recovery will likely support its deleveraging to close to pre-pandemic levels over the next 12-24 months. Strong trends in Macau's mass gaming market are fueling this recovery," the research team indicates. The ratings agency also points out that higher visitor arrivals and hotel expansion will power mass-market growth in Macau. ‘China’s inclusion of Xi’an and Qingdao in the individual visit scheme from March 6 will likely further boost visitors to Macau.’ S&P Global estimates that Macau's mass gross gaming revenue (GGR) was up 12-13 percent from 2019 levels in the first two months of 2024. This trend is at the higher end of our 5-15 percent growth forecast for 2024, compared with 2019 levels. The company's EBITDA recovery could accelerate in the coming quarters. Solid mass gaming trends and incremental contributions from Studio City Phase 2 will likely support this. During the recent Chinese New Year holiday, the company's mass GGR was up 22 percent from 2019 levels, as the company benefited from Chinese arrivals.

The deputy chairman of Ponte 16 operator Success Universe projects that Macau’s February daily gross gaming revenue (GGR) could record a post-COVID high, surpassing the highest daily GGR recorded last October.

Mass market gross gaming revenue generated in Macau gaming in January is reporting volumes 105-110 percent higher than pre-COVID levels, brokerage JP Morgan indicated.

Macau's hospitality sector has undergone notable changes since the reopening of the city in January last year, according to an industry expert.