Former operator of Club Cubic Luk Hing Entertainment said it had decided to stop operating due to rental disputes with the City of Dreams Macau.

Melco’s ambitious venture into Europe, City of Dreams Mediterranean, is scheduled for success – or at least the operator is banking on that, as it leverages its 100 tables and 1,000 slot machines to maximize synergy of its sun-drenched shores with its casino operation.

Gaming operator Melco Resorts held the largest percentage of gaming revenue generated in Macau for the first three quarters of this year thanks to the performance of its City of Dreams property, according to a report by newspaper Tribuna de Macau.

The recently announced City of Dreams Sri Lanka project could achieve Gross Gaming Revenue (GGR) ranging between $200 million to $250 million on a run-rate basis, the group's management revealed.

Melco has been awarded a 20-year casino license to operate City of Dreams Sri Lanka, in the country’s capital of Colombo.

According to a recent memo from Citigroup, business trends in the Macau gaming sector appear to be resilient in April, especially leading up to the Labor Day break.

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.

The news that Australia’s The Star Entertainment is facing a second inquiry into whether its Sydney property can hold a casino license is “unimaginable”, considering the recent negotiations over duty rates, says expert Ben Lee.

Macau witnessed its best-ever performance in the premium mass segment during the Chinese New Year (CNY), with Galaxy Entertainment emerging as the market share winner, according to the Citigroup.

Macau’s Tourist Price Index (TPI) for 4Q23 increased by 26.2 percent year-on-year to 150.5. The rise was driven by higher hotel room rates, clothing, jewelry, and rising charges for restaurant services.