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Galaxy allocation in line with expectations: UBS
The Macau government has granted 150 new tables to Galaxy Macau phase 2, a number in line with what the industry expected after 200...
“Too early to call a bottom” on Macau: Barclays
Barclays analyst Felicia Hendrix said in a report that it is "too early to call a bottom" on the Macau gaming industry due to...
Melco Crown (Philippines) operating revenue reaches $52.7M in 15Q1
Melco Crown (Philippines) Resorts, operator of City of Dreams Manila, reported net operating revenue of PHP2.34 billion ($52.7 million) for the first quarter 2015,...
Wynn Resorts dividend cut reflects uncertain outlook in Macau
Wynn Resorts’ large dividend cut from $1.50 per share to $0.50 in the first quarter following dire financial results from its Macau arm reflect...
Morgan Stanley turns cautious on Macau
Morgan Stanley Research says it has turned cautious on Hong Kong and Macau’s gaming industry due to, among other things, regulatory pressures and oversupply...
Overall visitors to Macau in March drop 14 percent
Overall visits to Macau in March dropped 14 percent year-on-year while visitors from Mainland China fell 18 percent, a reversal of the growth trend...
Academic says junket operations reason for revenue declines
A leading academic said the unsustainability of Macau’s junket operations is the biggest reason contributing to the 10-month straight declines in revenue.
Professor Zeng Zhonglu...
Mass revenue stabilizing but not trend yet: UBS
Following Galaxy Entertainment’s financial results, UBS said there have been some signs of gradual stabilisation in mass segment revenue in recent weeks but it...
15Q1 EBITDA to drop 40 percent YoY: UBS
UBS Securities said it expects 15Q1 EBITDA to drop 40 percent year-on-year and 15 percent quarter-on-quarter, a steeper drop than GGR which fell 37...
Macau table-only GGR down 43 percent from April 1-12
Macau table-only gross gaming revenue amounted to MOP6.9 billion ($0.87 billion) from April 1 to April 12 including slot assumptions, down 43 percent year...