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Wynn Crystal Pavilion construction due 2021
Wynn Macau says the construction of the Crystal Pavilion at its Wynn Palace on Cotai is expected to begin in late 2021.
Macau gaming tax revenue gains 2.3 percent to July
Macau said it has collected MOP67.2 billion ($8.4 billion) in tax revenue from gaming operators in the seven months through July, more than two thirds of its forecast for the year.
Galaxy brings Japanese students to Macau for IR education
Galaxy Entertainment has announced a new three-week program which will bring students from Toyo University, Kyoto Sangyo University, Fukuoka University, and Okura Nikko Hotel Management to Macau for training about the IR industry.
Early resolution to HK protests unlikely: Vickers
The increasingly violent protests in Hong Kong, which is beginning to have an impact on Macau’s gross gambling revenue, are not likely to end anytime soon in the absence of visible dialogue to find a solution, according to a leading risk consultancy.
Galaxy Q2 results top forecasts on higher hold
Galaxy Entertainment posted flat adjusted EBITDA for Q2 and lower revenue, but the results topped analysts’ forecasts helped by higher hold.
MGM China refinances debt
MGM China said the company’s lenders have agreed on a revolving credit facility of HK$9.75 billion ($1.24 billion) that will refinance existing senior secured credit facilities and will be used for working capital.
Success Universe forecasts H1 profit jump
Success Universe, an investor in Macau’s Ponte 16 resort, said it expects its group profit for the six months to end June to be about two to three times the level of the prior year.
AGTech swings to H1 loss, revenue declines
AGTech Holdings posted a loss for the first half of 2019 and said revenue declined by 22.7 percent due to lower lottery hardware sales.
Sands China posts 9 pct profit in 19H1
Macau casino operator Sands China posted a nine percent increase in profit for the first half of 2019, driven by increases in mass gaming...
DICJ no plans to blanket ban digital surveillance
The Gaming Inspection and Coordination Bureau has clarified that it will not ban digital surveillance equipment in casinos, but instead require operators to obtain...
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Naga 3 to be 90 percent non-gaming with focus on tech
NagaCorp says 90 percent of its $3.5 billion Naga 3 property will consist of non-gaming amenities, with a strong focus on high-tech elements.
Dynam reports 1.2% revenue growth in April-June
Dynam Japan Holdings, the largest pachinko company measured by its number of parlors, reported to the Hong Kong Stock Exchange a 1.2% increase in total revenues in the April-June 2019 period, boosted by its low playing cost halls.
Pacquiao One Punch KO
Ganapati PLC’s latest initiative packs quite a punch. The global supplier of Japanese content recently announced its intention to produce an official Manny Pacquiao...
HK protests begin to hit Macau revenue: Bernstein
The street protests that have been rocking Hong Kong for the past nine weeks are beginning to have an impact on gross gambling revenue in Macau, Bernstein analysts wrote in a note.
Okada Manila opens rooms as July revenue jumps
Universal Entertainment said Okada Manila is opening more hotel rooms to accommodate visitors as its July revenue spiked 48 percent from the prior year.
