Gaming

Macao gaming receipts fall 70.5% in November

Macao's gross gaming revenue (GGR) fell by 70.9% year-on-year to MOP 6.75 billion (US$843 million) in November.

1 Dec, 2020

Macao’s hotels register 57,000 staycation guests in October 

Macao's 120 hotels and guesthouses recorded 57,000 staycation guests in October, a year-on-year increase of 13.6%.

1 Dec, 2020

Gaming and junkets share of GDP rises to 50.9% in 2019 

Gaming and junket activities' share of Macao's gross domestic product rose by 0.2 percentage points from 50.7 per cent in 2018 to 50.9 per cent last year.

22 Nov, 2020

Macao government receipts from gaming taxes fall 74% in Jan-Oct 

The Macao government's income from direct gaming taxes dropped 74.1% year-on-year to MOP 24.3 billion (US$3.05 billion) in the first 10 months of the year

12 Nov, 2020

Galaxy’s revenue rises 34% in Q3, expects ‘gradual rise’ in visitors

Macao's Hong Kong-listed gaming operator Galaxy Entertainment Group (GEG) has announced a 34% quarter-on-quarter growth in its net revenue to HK$1.6 billion (MOP 1.65 billion) in the third quarter. 

12 Nov, 2020

Wynn Palace revenues fall 97.4% in Q3

The operating revenues of Wynn Palace in Cotai fell 97.4% year-on-year to US$15.7 million (MOP 125.3 million) in the third quarter of this year

7 Nov, 2020

Melco revenues fall 85% in Q3, reports ‘moderate recovery’

Gaming operator Melco Resorts & Entertainment Limited reported on Thursday an 85% year-on-year decline in its third-quarter total operating revenues to US$210 million.

6 Nov, 2020

Macao casino GGR rises 228.8% in October

Macao casinos' gross gaming revenue rose 228.8% from MOP 2.21 billion in September to MOP 7.27 billion (US$910.9 million) last month.

1 Nov, 2020

Government expects casinos to earn US$16.25 billion in 2021

The Macao government expects the local casino industry to generate MOP 130 billion (US$16.25 billion) in gross gaming revenue next year.

31 Oct, 2020

MGM China net revenues fall 94% in Q3, expecting gradual recovery

Macao gaming operator MGM China announced Friday that its net revenues decreased by 94% year-on-year to US$47 million in the third quarter.

31 Oct, 2020

SJM, ‘severely impacted’ by COVID-19, says recovery has begun

Gaming operator SJM Holdings said on Thursday that while it has been “severely impacted” by the COVID-19 outbreak and Macao’s ongoing restrictions on entry from the mainland, Hong Kong and other places, as well as the curtailment of transportation channels and quarantine requirements, it has seen “the beginnings of recovery in visitation, hotel occupancy and visitor spending.”

30 Oct, 2020

Billionaire Adelson’s Las Vegas Sands mulls US$6 billion sale of US casinos to focus on Macao, Singapore markets

Sheldon Adelson’s Las Vegas Sands is exploring the sale of its casinos in Las Vegas in a move that would mark the mogul’s exit – for now – from the US gambling industry, according to South China Morning Post (SCMP).

28 Oct, 2020

Macao looks forward to welcoming tourists from Hong Kong when the city becomes ‘low risk’

Chief Executive Ho Iat Seng said on Thursday that Macao looks forward to welcoming tourists from Hong Kong once the neighbouring SAR is deemed a ‘low-risk’ city.

2 Oct, 2020

Macao casinos have best takings since March

Macao's 38 casinos last month recorded their best gross gaming revenue since March, reaching MOP 2.2 billion (US$277 million).

1 Oct, 2020

Tak Chun CEO buys 20.65% stake in Macau Legend Development Limited

A firm controlled by Levo Chan Weng Lin, CEO of junket operator Tak Chun Group, has bought a 20.65% stake in Macau Legend Development Limited for about US$173 billion (MOP 1.38 billion), several local media outlets including Rádio Macau, GGRAsia and IAG reported today.

16 Sep, 2020

Macau Legend Development halts trading 

Macau Legend Development Limited's stocks trading has been halted from 14 September onwards.

14 Sep, 2020

Gaming tax receipts fall 70% in Jan-Aug

The government’s receipts from gross gaming revenue taxes in the first eight months fell by 70.2% year-on-year to MOP 22.8 billion (US$2.87 billion), the Financial Services Bureau (DSF) announced last week.

14 Sep, 2020

Gaming tax receipts falls 70% in Jan-Aug 

Macao government's receipts from gross gaming revenue taxes in the first eight months fell by 70.2% year-on-year

10 Sep, 2020

JP Morgan analysts find August daily run-rate in casino win ‘disappointing’

JP Morgan Securities Asia Pacific analysts said in a note this week that Macao’s daily run-rate of roughly US$5.4 million (MOP 43.4 million) in casino win last month was the same as July’s, calling the figure “disappointing”.

3 Sep, 2020

Casino receipts drop 94.5% in August (Updated)

Macao's gross gaming revenue (GGR) fell 94.5 per cent year-on-year to MOP 1.33 billion (US$167 million) in August, the Gaming Inspection and Coordination Bureau (DICJ) announced today. 

1 Sep, 2020