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CLSA raises SJM’s 2024 EBITDA forecast by 9.3% following strong 1Q24

CLSA has raised Macau gaming operator SJM’s EBITDA forecast by 9.3 percent for the calendar year of 2024 following the company's strong first-quarter results.

Queensland’s April gaming tally up 8.6% yearly

Gaming gross revenue in Australia's state of Queensland's club and pub markets increased by 8.6 percent in April compared to the same month last year but decreased by 2.8 percent compared to March.

Melco Resorts and Trip.com Group design one-stop ultra-luxury package for influencers

Melco Resorts & Entertainment and Trip.com Group recently collaborated to host a lavish three-day, two-night trip in Macau for a select group of artists and influencers from Mainland China and Hong Kong.

China expands Individual Travel Scheme visa for HK/Macau to 8 mainland cities

The Chinese government has announced the inclusion of eight mainland cities into the facilitated individual travel (FIT) scheme for visits to Hong Kong and Macau, with the new measures set to take effect from May 27, 2024.

Genting Singapore: ‘robust growth’ in 1Q24, revenue tops $580M

Genting Singapore experienced 'robust growth' in the first quarter of 2024, delivering revenue of $580 million and adjusted EBITDA of $273 million.

Macau’s gaming tax revenue reaches $3.7B for January-April period

The Macau government gathered nearly $3.71 billion in fiscal revenue from gaming taxes during the initial four months of 2024, according to the latest data unveiled by the city's Financial Services Bureau on Thursday.

Sega Sammy set to sell Seagaia Resort to US-based Fortress: Report

Sega Sammy Holdings is set to sell its Phoenix Seagaia Resort in Japan to U.S.-based Fortress Investment Group, redirecting focus towards video games and other sectors, Nikkei Asia has reported.

Suntrust Resort swings to loss in 1Q24 as revenue and income plummet

The controlling shareholder of the Philippine Stock Exchange-listed Suntrust Resort Holdings, LET Group Holdings (formerly known as Suncity Group Holdings), has announced that its subsidiary recorded a $4.5 million loss in the first quarter of the year.

Seaport: Slow ramp up at Grand Lisboa Palace worrying sign for SJM

SJM Holdings Limited (SJM) first quarter financial results showed slight improvements and met analyst expectations, but the slow ramp-up at Grand Lisboa Palace amidst a robust Macau recovery was worrying for the gaming operator, brokerage Seaport pointed out.

Mohegan hits historic quarterly $461.73M net revenue high

Mohegan, the US-based operator also behind the Incheon Mohegan INSPIRE integrated resort, has announced its highest quarterly net revenue in its history, hitting $461.73 million, up by 13.8 percent yearly.