The ramp-up of SJM's new property Grand Lisboa Palace is still 'lagging market expectations', analysts from Morningstar pointed out in a dispatch.

US-based research firm Morningstar has lowered Melco Resorts' revenue forecasts for 2023-2025 by 5 to 10 percent and reduced adjusted EBITDA by 8 to 11 percent to 'reflect slightly weaker gaming volume and higher operating expenses amid keener competition in Macau.'

Forecasts for Macau’s gross gambling revenue have been cut to the mid-twenties percent level of where they were in 2019 by analysts at Morningstar, who cited China’s adherence to zero-Covid.

Sands China and SJM Holdings are expected to lead the gains in market share this year due to the opening of their new properties, which will help to strengthen their premium mass business, according to research from Morningstar.

Jennifer Song, equity analyst with Morningstar, spoke with Asia Gaming Brief managing editor Sharon Singleton about visitation to Macau during the recent Chinese New Year period and the outlook for recovery. The longer-than-usual May holiday may be a key catalyst for growth.

Macau's anticipated casino gross gaming revenue (GGR) for April is expected to reach MOP18.5 billion ($2.3 billion), averaging around MOP617 million daily, according to a memo from Citigroup released on Monday.

Technology and privacy. The trade-off between the two has been highly debated as tech has become intrinsic in our lives

After Macau authorities announced their intention for all gaming concessionaires to adopt radio frequency identification (RFID) tables, commonly known as smart gaming tables, a gaming insider believes that the measure will have a "net neutral" impact on Macau’s gaming revenue.

SJM Resorts has officially unveiled the Palazzo Versace hotel at its Grand Lisboa Palace complex, marking Versace's debut in the Asian luxury hotel scene.

Holding concerts has already become the main driver for tourist volume in Macau among all non-gaming elements, according to a scholar.