Tuesday, November 12, 2024

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Macau premium mass play hits record high during October Golden Week: Citigroup

According to a report from Citigroup, Macau’s premium mass wagers surged during the October Golden Week, shattering previous records.

SkyCity revenue flat, improved by rise in premium mass play in NZ and Adelaide

SkyCity Entertainment Group has announced that its reported loss for its financial year, ended June 30th, rose to some $88.23 million, amongst compressed revenue due to ‘a challenging operating environment’.

Macau’s premium mass wager up with Galaxy gaining market share: Citigroup

Citigroup, in its August premium mass table survey, has observed that Macau continues to demonstrate resilience in gaming amid China’s economic headwinds, maintaining robust player demand.

Daily Asia Gaming eBrief: Macau IR’s incentives contradict premium mass strategy

There's no such thing as a free lunch. And in Macau, IR operators are seeing that their incentives to bring in new clients via free gifts could actually be going against their attempts to bring more premium mass clientele, say experts.

Macau operators’ free offerings seen as “rat race” and misaligned with premium mass strategy: experts

The practice of Macau gaming operators offering complimentary drinks and food has sparked a viral trend on Chinese social media, resulting in significant publicity success. However, according to experts consulted by AGB, these free offerings do not align with a strategy focused on premium mass clientele.

Premium mass share is seen as critical driver for Wynn’s growth in next 1-2 years: Seaport 

Gaining premium mass market share in Macau is crucial for Wynn's growth over the next 1-2 years, according to Seaport Research. According to senior analyst Vitaly Umansky, Wynn may increase its market share in 2024 but could lose some in 2025 due to competition from newer properties like Sands and Galaxy.

Macau premium mass resilient, Sands regains pole position: Citigroup

According to a recent memo from Citigroup, business trends in the Macau gaming sector appear to be resilient in April, especially leading up to the Labor Day break.

Galaxy triples marketing team amid premium mass competition

Macau gaming operator Galaxy Entertainment Group (GEG) has bolstered its marketing team amidst intensifying competition in the high-end premium mass segment, says Goldman Sachs.

Macau achieves best-ever performance in premium mass during CNY: Citigroup

Macau witnessed its best-ever performance in the premium mass segment during the Chinese New Year (CNY), with Galaxy Entertainment emerging as the market share winner, according to the Citigroup.

Macau has more 98 premium mass baccarat tables released in January, with total wagers rising, says Citigroup

More premium mass baccarat tables were launched this month in Macau casinos, directly driving the increase in total wagers.