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The casino industry in Macau grew from US$2.77 billion in revenues in 2002 to over US$45 billion in 2013. Then, in 2015, revenues fell precipitously to under US$29 billion, a fall from which casinos are still reeling.
inaugural G2E Asia @ the Philippines wrapped up on Wednesday, with suppliers at the show expressing optimism about future growth in the country, in...
Melco Resorts & Entertainment and MGM China outperformed their peers in the latest reporting season, as the ramp up of new product offerings drove growth.
The Philippines has been one of the best-performing gaming jurisdictions over the past five years and is expected to continue to outperform, despite rising regional competition, as the country’s operators expand.
The Philippines’ regional casinos may not get the same headline publicity as the bigger resorts in Manila, but the number of properties has been growing and their client base evolving as amenities and infrastructure improves.
Macau’s lower-than-expected gross gambling revenue in October may have been due to low VIP hold at one of the territory’s largest junkets, according to...
Macau’s gross gambling revenue dropped 3.2 percent in October, slightly worse than the consensus forecasts from analysts.
It’s difficult to enter a tourist hotspot in Asia without observing signs written in Chinese, or a street vendor shouting greetings in Mandarin - a testament to the influence of Chinese outbound tourism.
There’s no doubt that the integrated resorts springing up across Asia were targeted at China’s VIPs, but with that market in retreat there’s little sign of high rollers from other jurisdictions stepping up to take their place.
Las Vegas Sands and its Sands China unit are likely to dominate the market in Singapore and Macau for the next five years, according to a report from Bernstein.