Wynn Macau granted share-based awards to 297 employees on May 4th, 2026, under its Employee Ownership Scheme, allowing participants to subscribe for a total of 297,000 shares, according to a company filing.
The awards represent approximately 0.01 percent of the company’s issued share capital and are subject to acceptance by the selected participants. Each award carries no purchase price, while the closing share price on the grant date was HK$5.60 ($0.72).
The awards will vest in two equal tranches, with 50 percent scheduled for May 4th, 2029 and the remaining 50 percent on May 4th, 2030. The grants are not subject to performance targets.
Under the scheme’s terms, awards will lapse if an employee’s service is terminated due to resignation, misconduct, or breach of company policies or applicable laws. The company confirmed it has not provided financial assistance to employees to facilitate share purchases.
The company said the scheme aims to align employee and shareholder interests, motivate staff, and recognize contributions to long-term growth. The remuneration committee considers the grant consistent with market practice and the scheme’s objectives.
None of the recipients are directors, senior executives, or substantial shareholders, and all grants fall within regulatory limits, the filing added.
Sands China held the “Food Fest of Awarded SMEs for Rua das Estalagens” for the second consecutive year from April 22 to 28, bringing awarded SMEs into The Londoner Macao’s back-of-house areas to showcase their signature dishes to the resort’s large workforce.
Combined, the two editions of food fest attracted 11,000 team members who showed their support for local SMEs through practical actions, continuing the company’s business philosophy of growing with SMEs.
The shops offered a variety of signature treats during the event, including Café Fantart’s flaky egg tarts in original and curry beef flavours, Voyage Thai Kitchen’s handmade pandan layer cakes and bottled Thai milk tea, PANPAN’s savoury pistachio chocolate buns, and Catfee’s fragrant Ethiopian natural ice drip coffee, creating a vibrant on-site atmosphere.
“Sands China remains fully committed to supporting the Macao SAR government’s direction of promoting the community economy and the sustainable development of local SMEs,” said Dr. Wilfred Wong, executive vice chairman of Sands China Ltd. “In the revitalisation of Rua das Estalagens, we consistently monitor the progress of the businesses and provide various promotional and sales platforms for their participation. Last year, the response to the first food fest at The Venetian Macao was overwhelming, and we are pleased to hear that the SMEs valued the promotional results.”
“This year, we are delighted to bring the event to the back-of-house area of The Londoner Macao. Across both editions, 11,000 portions of food and drinks have been distributed, providing a broad platform for SMEs while allowing our team members to experience the craftsmanship and creative cuisine of local SMEs. Two years since the launch of the entrepreneurship recruitment competition, we are gratified to see these businesses growing steadily and demonstrating maturity, which validates the effectiveness of ‘large businesses leading small businesses’ and highlights the adaptability of Macao SMEs.”
In addition to the food fest, Sands China has also distributed the shops’ discount vouchers to runners in the Sands China Macao International 10K for two consecutive years and provided free booths at Macao’s largest sales event, the Sands Shopping Carnival.
These initiatives allow local SMEs to step beyond the neighbourhood and reach a broader audience of residents and tourists, thereby strengthening their brand promotion and market competitiveness.
As a vital component of Sands China’s community revitalisation efforts, the Entrepreneurship Recruitment Programme for Rua das Estalagens is an extension of two successful Sands China programmes: the F.I.T. programme and the Sands Resorts Incubation Centre.
Since the April 2024 launch of the Entrepreneurship Recruitment Programme, Sands China has utilised precise support measures to encourage Macao businesses to establish themselves on Rua das Estalagens and drive the area’s economic vitality.
The inaugural phase received an enthusiastic response with 128 applications, resulting in seven successful entrepreneurship proposals that have since injected innovative elements into this historic district to help restore its traditional charm and prosperity.
Sands China Ltd. upholds its commitment to working hand-in-hand with the Macao SAR government and all sectors of society to drive revitalisation projects and stimulate the community economy through diverse initiatives.
Macau gaming operator Melco Resorts & Entertainment has released its 2025 Sustainability Report, titled “RISE to Go Above & Beyond”, highlighting key progress in environmental responsibility, community involvement and robust corporate governance.
Lawrence Ho, Chairman and CEO of Melco Resorts & Entertainment
“Since launching our RISE sustainability strategy in 2019, our ambition has been clear: to integrate sustainability into how Melco operates, not as a parallel agenda, but as part of the business itself,” said Lawrence Ho, Chairman and CEO of Melco Resorts & Entertainment. What began as commitments and targets has evolved into systems and practices embedded into how our Colleagues work on a day-to-day basis.”
Demonstrating a commitment to rigorous disclosure, the 2025 report adopts a double materiality assessment, ranking sustainability issues by their impact on Melco’s global value chain and influence on its enterprise value. The Company has integrated its Task Force on Climate-related Financial Disclosures (TCFD) responses into the IFRS S2 framework, and achieved external verification for all environmental data, including Scope 1, 2, and 3 greenhouse gas (GHG) emissions.
Melco’s “RISE to Go Above & Beyond” Sustainability Report underscores the following key performance milestones
Restoring Our World
Energy efficiency measures across all properties have accumulated annualized savings of over 71.7 million kWh, equivalent to the electricity consumption of over 10,000 homes;
Water efficiency measures have accumulated annualized savings of over 290,000m³, equivalent to saving 116 Olympic-sized swimming pools of water;
Solar panels installed across properties generate close to 10,000MWh annually, equivalent to powering 1,900 households per year;
Electric and hybrid vehicles represent 65% of the total fleet, with 154 electric charging stations across all properties;
Waste diversion rate from recycling and composting has increased from 4% to 18% since 2019;
Composted over 1,400 tonnes of food waste with on-site composters since 2019;
Installed Winnow AI technology to track food waste in employee dining rooms. Plate waste on average across properties in Macau and Manila reduced by 4% in grams per cover in 2025 compared to previous year;
Recycled over 1.7 tonnes of playing cards across Macau, Manila and Cyprus in 2025.
City of Dreams Macau
Local Community Support
Mobilized over 4,100 team members to participate in 486 volunteering activities worldwide through the Simple Acts of Kindness program;
Engaged over 3,000 colleagues in Melco’s REACH! Sports initiatives to promote physical health, while supporting more than 700 employees through the Company’s Feel Better mental wellness seminars and individualized counseling;
Fostered continuous professional growth by delivering over 763,000 learning hours across over 1,400 courses, resulting in more than 783,000 training enrollments;
Contributed over US$19.17 million to champion local communities, support small and medium-sized enterprises (SMEs), and preserve vital culture and heritage initiatives.
Supply Chain Sustainability
Maintained target of sourcing 100% OEKO-TEX® certified bed & bath linen in 2025. OEKO-TEX® certification guarantees that textile products are tested and free from harmful substances, ensuring they are safe for human health and the environment;
Ahead of the target of procuring 50% Green or Amber rated chemicals in 2025 and achieved procurement of 80%, with Green chemicals comprising 65%. Categorized in a traffic-light rating system—Green, Amber or Red—based on the extent that these substances are persistent, bio-accumulative and toxic to human health and ecosystems;
16% of sustainable seafood was procured in 2025. The group strengthened the evaluation process of seafood sourcing in the reporting year, including through onsite audits of seafood suppliers. Internal seafood guidelines prioritize certifications by international bodies such as the Marine Stewardship Council (MSC), Aquaculture Stewardship Council (ASC), Global Aquaculture Alliance-Best Aquaculture Practices (BAP), the GLOBAL G.A.P Aquaculture Certification and other standards;
97% cage-free whole eggs procured in 2025. Cage-free eggs are produced by hens that are free to roam inwere barns and natural environments, rather than being confined to small cages.
Driving Business Excellence
In 2025, the Environmental Sustainability and Corporate Social Responsibility (ESCSR) Committee was established at the Board level;
Aligned the Company’s Enterprise Risk Management and double materiality processes;
For global data privacy oversight, in the reporting year, we deployed the Endpoint Detection and Response (EDR) system across all operations, enhancing threat detection, responsiveness and cyber resilience;
Strengthened the group’s cybersecurity technical response capabilities by expanding our cross-functional Information Security and IT team.
Ratings, Awards & Recognition
Achieved S&P Global 2025 Corporate Sustainability Assessment (CSA) score of 66/100, an increase of 9 points from the previous year. Melco is placed 96th percentile in the industry group and was published in the S&P Global Sustainability Yearbook for its 2025 CSA score;
Secured a B score for Climate CDP and A- for Water CDP. A- was achieved for the CDP Supplier Engagement Assessment (SEA);
Attained Green Key Award & Green Hotel Award for Studio City, NÜWA, Morpheus, and The Countdown.
City of Dreams MediterraneanStudio City Phase 2
Melco’s commitment to a climate-fit and equitable future remains steadfast as it continues to integrate industry-leading sustainability practices across the Company’s global operations.
The CEO of Melco, Lawrence Ho, added: “Maintaining consistency in how we govern, operate, and deliver requires continued discipline and a clear understanding of both the opportunities and the constraints ahead. Together with our teams and our ecosystem of suppliers and partners, we are committed to enhancing the positive impact we can create.”
Belle Corp said it is in talks with potential operators for a planned integrated resort in Clark, Pampanga, after securing a provisional casino license for the project.
In a clarification filed with the Philippine Stock Exchange on Monday, the company said arrangements with a partner will be disclosed once finalized, adding that it is targeting an official launch within two to three years from the engagement of an operator. The development is planned within the Clark Special Economic Zone, approximately 80 kilometers north of Manila.
According to Belle Corp, its gaming units under Premium Leisure Corp — Sinophil Leisure and Resorts Corporation and Foundation Capital Resources, Inc. — have received approval from the board of Philippine Amusement and Gaming Corporation (PAGCOR) for the issuance of a provisional license to develop and operate the project. The group has also requested the inclusion of Belle Corp and Premium Leisure Corp as co-licensees, a request that remains under regulatory assessment.
‘We confirm that there are ongoing discussions with potential operators. Arrangements on this partnership shall be disclosed as soon as these have been agreed upon by transacting parties,’ the company said.
Belle Corp said it plans to invest at least $300 million in the integrated resort and expects to derive lease income and a share of gross gaming revenues once operations begin.
A report by Manila Standard cited Belle Corp president and chief executive Armin Antonio Raquel-Santos as saying the company is in talks with ‘three to four’ foreign casino operators, including Melco Resorts & Entertainment Corp..
The proposed project will occupy a five-hectare site in Clark and is expected to include both casino and hotel components. The development is intended to follow a co-licensing model, with the selected operator managing gaming operations while leasing the land.
Raquel-Santos said the company aims to select an operating partner within the year, subject to negotiations and market conditions. He added that the group will continue to comply with regulatory requirements as it positions itself in Clark, which it described as an emerging MICE tourism and gaming hub.
Jeju Dream Tower’s foreigner-only casino, operated by Lotte Tour Development Co Ltd, reported a 48.5 percent year-on-year increase in casino sales in April, according to company data released on Monday.
Casino sales reached KRW48.84 billion ($33.2 million) in April, up from KRW32.88 billion ($22.4 million) in the same period last year. On a month-on-month basis, sales rose 20.9 percent from KRW40.40 billion ($27.5 million) in March.
Table game revenue accounted for the bulk of casino sales, totaling KRW46.50 billion ($31.6 million), representing a 49.4 percent increase year-on-year and a 21.3 percent rise from the previous month. Machine revenue came in at KRW2.34 billion ($1.6 million), up 33.4 percent from April last year and 14.3 percent from March.
Hotel revenue at the integrated resort reached KRW7.38 billion ($5.0 million) in April, marking a 3.8 percent year-on-year increase and a 25.4 percent rise month-on-month.
For the first four months of 2026, cumulative casino sales totaled KRW167.47 billion ($113.9 million), compared with KRW117.43 billion ($79.8 million) in the same period last year, representing a 42.6 percent increase. Table game revenue rose 43.8 percent year-on-year to KRW159.44 billion ($108.4 million), while machine revenue increased 23.3 percent to KRW8.03 billion ($5.5 million).
Cumulative hotel revenue for the January to April period reached KRW25.41 billion ($17.3 million), up 19.8 percent year-on-year.
The SOFTSWISS Game Aggregator has been named Game Aggregator of the Year at the SBC Awards Europe 2026, recognising its impact in helping operators scale content, maintain stable performance, and introduce new engagement tools.
The SBC Awards Europe reward the best operators, affiliates, suppliers, payments and game developers across the European sports betting and gaming industry. The ceremony took place on 30 April, closing the SBC Summit Malta.
Offering more than 40,000 games from over 300 providers across 24 regulated jurisdictions, the SOFTSWISS Game Aggregator is one of the largest content hubs on the market. It maintains 99.999% uptime, ensuring stable performance even during peak loads.
Tatyana Kaminskaya
“Malta is the capital of iGaming, and it is an honour to win here at the SBC Awards Europe,” said Tatyana Kaminskaya, Head of Operations at SOFTSWISS Game Aggregator. This recognition reflects the work our team puts into making the Game Aggregator practical for operators, from content scale to the tools they use every day.”
The SBC Awards Europe win follows the launch of two new tournament features within the SOFTSWISS Game Aggregator. The Tournaments Report and Instant Tournaments. The Tournaments Report consolidates campaign metrics in a single view, so operators can compare tournaments and adjust strategies without switching between tools. Instant Tournaments is a new engagement mechanic where players compete to reach a target multiplier rather than collecting points over time.
SOFTSWISS continues to develop its product suite in line with operator needs. Recently, the B2B provider introduced the Prediction Markets Platform – a fixed-odds solution offering event-based bets on real-world events in politics, economy, and technology.
Brightstar Lottery announced that it received the highest MSCI ESG rating of AAA on March 23, 2026, reflecting its global sustainability leadership through a perfect carbon emissions score and excellence in product safety and quality.”
Wendy Montgomery, SVP of Branding, Communications, and Sustainability at Brightstar Lottery
“Receiving the MSCI AAA ESG rating in Brightstar’s first year as a pure-play lottery company highlights our commitment to making sustainability practices a priority throughout our business,” said Wendy Montgomery, Brightstar SVP, Branding, Communications, and Sustainability. “This rating from MSCI serves as motivation to continue our work building a sustainable future where our people, our partners, and our planet can thrive.”
MSCI ESG Ratings measure a company’s resilience to long-term, industry-specific sustainability risks using a rules-based methodology. MSCI analysts research and rate companies on a ‘AAA’ (leader) to ‘CCC’ (laggard) scale based on their exposure to and management of these risks relative to peers.
MSCI Sustainability and Climate products and services are provided by MSCI Solutions LLC and certain related entities, and are designed to provide in-depth research, ratings and analysis of environmental, social and governance related business practices to companies worldwide. ESG ratings, data and analysis from MSCI Sustainability and Climate are also used in the construction of MSCI Indexes.
CLSA forecasts Macau’s gross gaming revenue (GGR) for May 2026 to grow 6.6 percent year-on-year to MOP22.6 billion ($2.8 billion), describing the projection as ‘achievable’ on the back of healthy Golden Week activity and expectations of a strong tail end after the holiday.
In a sector outlook published on Sunday, CLSA analyst Jeffrey Kiang said the forecast is broadly in line with the current market consensus of 6.3 percent year-on-year growth and implies an average daily GGR of MOP729 million ($90.4 million), similar to March 2026.
Kiang pointed to a rising propensity among premium mass players to travel to Macau during off-peak weeks, suggesting that ‘a strong tail end, roughly for a week, is possible’ after the Golden Week holiday. CLSA’s illustrative breakdown assumes a daily GGR run rate of MOP850 million ($105 million) during both the Golden Week period (May 1st to 5th) and the subsequent week up to May 12th, before normalizing to MOP650 million ($80.6 million) per day for the rest of the month.
The forecast follows an on-the-ground assessment, with Kiang reporting ‘healthy signs’ across Macau’s integrated resorts after visiting six properties on May 2nd: Galaxy Macau, Venetian Macao, Londoner Macao, MGM Cotai, City of Dreams and Wynn Palace.
Foot traffic into casinos grew steadily from noon onwards, the analyst noted. Minimum bets on the general mass floor were most commonly set at HK$1,000 to HK$2,000 ($129 to $258), while higher-limit areas reached up to HK$5,000 ($645). Two tables at City of Dreams were observed with minimum bets of HK$10,000 ($1,290).
The report also highlighted the rollout of new side bets, including ‘money no monkey’ and ‘pair+’, at properties such as MGM Cotai and City of Dreams. While player adoption will take time, CLSA argued that wider game variations could ‘underpin structurally higher win rates over time.’
The firm maintains Outperform ratings on Galaxy Entertainment, MGM China, Melco Resorts & Entertainment and Sands China, a Hold rating on Wynn Macau and an Underperform rating on SJM.
Macau’s recently introduced baccarat side bets could provide a significant boost to gross gaming revenue (GGR) growth thanks to their substantially higher house advantage, according to Citigroup.
The investment memo, authored by analysts George Choi and Timothy Chau, was published following the bank’s proprietary Labor Day table survey of the Macau market.
Citigroup highlighted the rollout of new baccarat side bets, swiftly approved by the Gaming Inspection and Coordination Bureau (DICJ), as a key takeaway from the visit. The new side bets carry an estimated house advantage of 16 to 18 percent, compared with around 1 percent on the main Banker and Player bets. ‘Any further increase in propensity to wager on side bets would provide Macau with a significant boost to GGR growth,’ the analysts wrote.
All six concessionaires have added some of the newly approved options. Sands China, Wynn Macau, Melco Resorts and SJM now offer both ‘Monkey no Monkey’ and ‘Pairs+’, while MGM China additionally provides ‘Banker 4’ and ‘Player 4’. Galaxy Entertainment offers only ‘Monkey no Monkey’ at Galaxy Macau.
The analysts expect the new wagers, which can pay as much as 50-to-1 and 300-to-1, to gain traction quickly and lift GGR thanks to a house advantage comparable to Lucky 6 and Lucky 7. They noted, however, that because the side bets were launched only days before their visit, most players had likely not yet encountered them, leaving Lucky 6 and Lucky 7 as the side bets of choice for the time being.
Premium Mass holds up against tough comp
On the Premium Mass segment, Citigroup observed HK$23 million ($2.94 million) in wagers during the Labor Day edition of its survey, the second-highest reading of 2026 and only 6 percent below the figure recorded during Chinese New Year (CNY).
The total was down 15 percent year-over-year, which the analysts attributed to a ‘super tough comp,’ noting that the May 2025 sample had been inflated by two million-dollar wagering whales — including the largest ever recorded by the survey at HK$2.9 million ($370,000), close to the HK$3 million ($383,000) maximum bet typically set in Macau for baccarat. Stripping out HK$4.1 million ($524,000) in wagers from those two players, both total Premium Mass wager and average wager per player (HK$24,459, or roughly $3,125) in May 2026 would have been largely flat year-over-year.
Visitation exceeded 200,000 on each of the first two days of the holiday, comparable to peak CNY levels, which Citigroup said reinforced Macau’s standing as one of the most popular tourist destinations among Mainland Chinese travelers during Golden Weeks.
Whale watch: 58 high-rollers, the most of 2026
The survey identified 58 whales — a term Citigroup uses in its monthly Macau table survey to describe players wagering HK$100,000 ($12,800) or more per hand — the highest count recorded so far in 2026, versus 49 in May 2025.
The Player of the Month was spotted at Wynn Palace’s Chairman’s Club wagering HK$730,000 ($93,000) per hand, followed by an HK$600,000 ($77,000) whale at MGM’s High Limit Area and an HK$350,000 ($45,000) whale at Galaxy Macau’s Horizon Room.
Galaxy and Sands lead on rooms and concerts
Galaxy ranked first in Premium Mass share with 29 percent of total wagers observed during the survey, while Sands China followed in second place with 26 percent. Together, the two operators accounted for 55 percent of Premium Mass wagers tracked over the holiday.
Citigroup credited their leadership to the largest hotel room portfolios in Macau, as well as Labor Day concert programming — Hai Lai A Mu at Galaxy Arena and Kelly Chen at Venetian Arena — that drew premium visitors to their integrated resorts during the holiday period.
