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Entain records good progress, increase in active customers
Gambling giant Entain has surprised analysts with its resilience in the face of challenging market conditions.
Macau 1Q mass GGR at 112% of 1Q19 levels
In Q1, Macau Gross Gaming Revenue (GGR) experienced a 6 percent quarter-on-quarter growth, reaching MOP57 billion ($7.06 billion), equivalent to 75 percent of pre-COVID-19 levels.
Crown Melbourne unveils first new venue as part of redevelopment
Crown has revealed the latest addition to its redevelopment plans with the introduction of ‘The Henley at Crown Melbourne,’ an upmarket bar set to open later this year.
Macau operators acknowledge ‘intensifying competition’ but deem it ‘manageable’
The gaming operators Galaxy Entertainment and MGM China consider that the industry’s competition is 'intensifying' but remains ‘manageable.'
Morgan Stanley cuts Galaxy’s earnings outlook due to market share loss
The investment bank Morgan Stanley has lowered Galaxy Entertainment’s earnings forecast due to market share loss.
SkyCity Entertainment Group appoints Jason Walbridge as new CEO
New Zealand and Australian gaming operator SkyCity Entertainment Group has announced the appointment of former Aristocrat executive Jason Walbridge as the company’s new Chief Executive Officer.
Macau confident in attracting over 30M visitors this year
Macau’s Chief Executive, Ho Iat Seng, expresses his confidence that Macau will attract more than 30 million visitors this year.
HK High Court orders winding up of Imperial Pacific, liquidator appointed
The final death knell for Imperial Pacific International appears to have been rung, as Hong Kong’s High Court ordered the company to be wound up and appointed a provisional liquidator.
Newport World Resorts with new annual high in GGR for 2023, non-gaming booms
Newport World Resorts achieved a new annual high in gross gaming revenues in 2023, topping $600 million, with double-digit returns in its non-gaming revenue.
Macau top official reiterates Jockey Club land not for gaming
During a plenary session of the Legislative Assembly on Tuesday, Macau's top official, Chief Executive Ho Iat Seng, reiterated that the Macau Jockey Club (MJC) land would not be used for gaming purposes.
Banning junkets from insuring credit aligns with public policy: expert
The Legislative Assembly of Macau's approval of gaming credit legislation, which prohibits junkets from extending gaming credit, is viewed as a significant step towards aligning with public policy in China and Macau.
