Saturday, July 13, 2024

Search Results

Macau’s gaming operators actively soliciting junkets as VIP revenue rebounds: sources

According to Nelson Kot, the president of the Macau Comprehensive Social Research Association, Macau's gaming operators have been discussing actively with licensed junkets, aiming to boost the VIP revenue rebound.

VIP revenue to shrink 30-50% in wake of Alvin Chau detention: J.P. Morgan

Macau's VIP revenue is likely to contract a further 30 percent - 50 percent in coming weeks following the detention of Suncity Holdings Chairman Alvin Chau.

Lower VIP and mass table revenue reduce Bloomberry Resorts’ 1Q24 income

Bloomberry Resorts Corporation reported strong performance in its domestic slot machine segment for the first quarter of this year, however, lower VIP and mass table revenues contributed to an 11 percent year-on-year decline in net income to $44.9 million.

Number of Macau junkets to grow as VIP gaming revenue improves: association head

After facing severe hardship, Macau's VIP segment is poised to attract new investors, potentially leading to a growth in the number of junket licensees.

Melco 4Q21 Adjusted EBITDA almost doubles, but VIP downturn, Covid, crimps revenue

Melco Resorts & Entertainment said 4Q21 adjusted EBITDA almost doubled on tight cost controls, but revenue dipped due to a soft performance in the rolling chip segment and on Covid restrictions.

VIP business more important for tax revenue than for operators: MS

Macau's VIP business has been more important for the government's tax revenue than for the profitability of the six concessionaires, according to a note from Morgan Stanley.

Your Daily Asia Gaming eBrief: Pressure on VIP raises doubt on Macau’s return to pre-pandemic revenue

In our Deep Dive today, we discuss the thorny issue of just how the Macau government will replace its lost tax revenue from the VIP gaming market.

Beijing pressure on VIP raises doubt on Macau’s return to pre-pandemic revenue

Macau lawmakers caught on that China's policies will have a direct impact on how Macau runs its gaming/ VIP, and on the revenue the government can expect.

Travellers Q1 revenue up on premium mass and VIP ops

Travellers International, the owner and operator of Resorts World Manila, saw its Q1 revenue decline 24 percent from the prior year, but gained 13 percent sequentially.

Macau gaming revenue starts weak in July: Brokerages

The Macau gaming industry has registered a weak start in July, performing below historical seasonality, according to investment banks UBS and Citigroup.