Tuesday, July 2, 2024

Search Results

Smart table rollout to level playing field among Macau operators: Seaport

The rollout of smart tables by Macau gaming operators over the next six to nine months will put concessionaires on a more even playing field and lead to both operational and marketing capability improvements, brokerage Seaport pointed out.

Premium mass share is seen as critical driver for Wynn’s growth in next 1-2 years: Seaport 

Gaining premium mass market share in Macau is crucial for Wynn's growth over the next 1-2 years, according to Seaport Research. According to senior analyst Vitaly Umansky, Wynn may increase its market share in 2024 but could lose some in 2025 due to competition from newer properties like Sands and Galaxy.

Seaport: Slow ramp up at Grand Lisboa Palace worrying sign for SJM

SJM Holdings Limited (SJM) first quarter financial results showed slight improvements and met analyst expectations, but the slow ramp-up at Grand Lisboa Palace amidst a robust Macau recovery was worrying for the gaming operator, brokerage Seaport pointed out.

Seaport: Macau May GGR could reach up to $2.58B – a post-pandemic high

A top analyst is forecasting that Macau’s gross gaming revenue in May could hit its highest monthly tally so far this year, and the highest since the onset of the pandemic, at $2.5 billion, even potentially going as high as $2.58 billion.

Daily Asia Gaming eBrief: Macau’s large scale operators need a recovery in base mass

Macau's gaming market continues to be of interest, with the second quarter results showing a slight discrepancy for the larger operators as they aim to increase their base mass revenue, notes an analyst. Meanwhile, Thailand is proving to be more complicated than initially anticipated, while the UAE also poses its own new questions. On another flank, sports betting is heating up, as the UEFA Euro 2024 continues, with significant interest from Asian punters.

Daily Asia Gaming eBrief: Macau gaming growth factors diminishing

Growth can never be permanent. And Macau's gaming market is starting to see the effects of its transition away from the VIP model to a mass market and non-gaming approach. A top scholar notes that its proximity to mainland China will guarantee its success over the next decade, despite what could be seen as a downturn, at least from the golden days.

Wynn’s UAE gamble could be “in trouble” if Dubai chooses to allow casino: analyst

Wynn Resorts’ casino in the United Arab Emirate of Ras al-Khaimah could be “really in trouble” if nearby Dubai also chooses to allow gaming in the emirate.

Daily Asia Gaming eBrief: Wynn growth centered on premium mass

It is all in the premium. Seaport Research highlights that gaining premium mass market share in Macau is critical for Wynn's growth over the next 1-2 years. According to senior analyst Vitaly Umansky, Wynn may increase its market share in 2024 but could lose some in 2025 due to competition from newer properties like Sands and Galaxy.

China’s individual visa policy starts without direct flights to Macau

The inclusion of eight mainland cities into the Individual Visit Scheme (IVS) for visits to Hong Kong and Macau came into effect on Monday, May 27th, however a lack of flight links could hamper visitation.

Airport lounge for Hong Kong and Zhuhai Airports launched in Venetian 

Three companies related to services at Hong Kong and Zhuhai Airports have established the "Dual Cities" airport lounge at the east entrance of The Venetian Resort in Macau. The project aims to support Macau travelers and residents with convenient access to flights from Hong Kong and Zhuhai airports.