Saturday, May 18, 2024

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Goldman Sachs: Chinese punters could be “ring-fenced” to Macau

New moves to relax visa requirements for mainland Chinese visitors to Macau is seen as a ‘positive signal’ by analysts, signalling China’s ongoing support for Macau’s economic development, to the possible detriment of other regions.

All Macau casino operators plan to roll out RFID: Goldman Sachs

All six gaming operators in Macau plan to install RFID (Radio Frequency Identification) tables in the coming months to improve marketing efficiency and productivity, according to Goldman Sachs.

Macau experiences sharper GGR pullback post CNY: Goldman Sachs

The 'sharper-than-expected slowdown' post the Chinese New Year (CNY) holidays is the reason for the lower recovery rate in Macau’s gross gaming revenue (GGR) in February compared to the previous months, says Goldman Sachs.

Various factors dragged Galaxy Entertainment’s 4Q23 performance down: Goldman Sachs 

Both the VIP and mass-market segments, along with higher costs incurred for new hotel openings and sponsorship events, are factors that dragged Galaxy Entertainment Group's (GEG) 4Q23 performance, according to investment bank Goldman Sachs. 

Galaxy triples marketing team amid premium mass competition

Macau gaming operator Galaxy Entertainment Group (GEG) has bolstered its marketing team amidst intensifying competition in the high-end premium mass segment, says Goldman Sachs.

Daily Asia Gaming eBrief: Alidad Tash: The Macau key winners and losers in 2023

Alidad Tash picks the top Macau champions and losers for 2023 - with MGM emerging as the underdog. A restructuring of the market means that 2024 should prove quite interesting, as the operators should continue to thrive. Meanwhile, analysts at Goldman Sachs have called Galaxy's performance 'flat' as the group negotiates increased spending associated with its new hotels and large-scale events, even as gaming win turns sour.

Future casino patrons to hail from Japan, China, and Korea

Chinese, Japanese and Korean players will account for 80 percent of the addressable market population in the future, according to Goldman Sachs managing director Simon Cheung.

Daily Asia Gaming eBrief: Crown has strategic advantage after regulatory successes

All is sunny down under, well at least for a certain operator. Crown Resorts appears to have come out on top amongst the sharp crackdown on land-based casinos in the nation. Its success in its remediation efforts now place it at an advantage to the competition, who continue to struggle with authorities, notes an expert.

Banning junkets from insuring credit aligns with public policy: expert

The Legislative Assembly of Macau's approval of gaming credit legislation, which prohibits junkets from extending gaming credit, is viewed as a significant step towards aligning with public policy in China and Macau.

Macau 1Q VIP baccarat up 68% year-on-year: regulator 

Macau's VIP baccarat gross gaming revenue (GGR) grew by 68 percent year-on-year in the first quarter, according to government data.