Friday, August 7, 2020

Macau

Melco Crown Q4 gains on strong mass market

Melco Crown Entertainment says Q4 adjusted EBITDA rose 49 percent to $369 million, boosted by strong mass market and rolling chip revenues and cost...

Macau VIP gaming share hits record low in Jan.

The share of revenue from VIP gaming fell to 60.6 percent in January, a record low, according to Telsey Advisory Group and that trend...

SJM breaks ground on Cotai Lisboa Palace resort, boosts budget

Sociedade de Jogos de Macau has begun construction of Lisboa Palace, holding a ground-breaking ceremony at its Cotai project site. Located on 70,468 square...

Galaxy, LVS biggest gainers in first days of Feb, UBS says

Galaxy Entertainment and Las Vegas Sands saw gains in their market share in the first nine days of February, while the other main concessionaires...

SJM Holdings, eGame Solutions Holdings form lottery joint venture

SJM Holdings and eGame Solutions have formed a joint venture to provide a national lottery in five different countries. SJM unit EML will own...

Macau visitors splash 84 percent of cash on gambling

Visitors to Macau spend 84 percent of the money they spend in the territory on gambling, according to a Statistics and Census Service survey....

Macau Jockey Club plans to reopen casino

The Macau Jockey Club is planning to reopen its casino, local media reported Chief Executive Thomas Li Chu Kwan as saying. The property is...

Casinos see New Year cheer after slow start

Casino revenue in the first six days of February reached 8.03 billion patacas ($1.04 billion), with takings soaring from Tuesday after a slow start...

Goldman Sachs still bullish on Macau

Goldman Sachs says it’s maintaining its estimates for gross gambling revenue growth in Jan-Feb to be in the low to mid-teens and says it’s...

Wynn Resorts price target, EPS forecasts raised by Sterne Agee

Sterne Agee has raised its 2014 and 2015 EPS estimates for Wynn Resorts, but warned that capacity restraints in Macau will hold the company...

TRENDING ARTICLES

Coronavirus live updates: Macau tightens border controls with HK

The latest news and updates on the Covid-19 (coronavirus) - with regularly updated information relating to new cases, travel restrictions and other information to...

Specifics on Cambodia’s forthcoming gaming laws

In response to inquiries by Asia Gaming Brief, some of the specifics regarding Cambodia’s forthcoming gaming law have been revealed. The draft law was endorsed...

Macau Legend CEO says visitor numbers will remain muted

Macau Legend Development CEO Melinda Chan says that the gaming company does not expect a surge in tourist numbers as a result of the...

PH Resorts pushing for early opening of Cebu resort

PH Resorts Group Holdings says it is pushing to open its Emerald Bay resort in late 2021, with the full first phase offering then to be available by the second quarter of 2022. 

Macau hotel occupancy down by nearly 78 percent in June

The 109 hotels and guesthouses that were open for business in June collectively recorded a 77.6 percent year-on-year fall in occupancy, according to new...