Sheldon Adelson dies today at 87

Sheldon Adelson, the billionaire who transformed Macao, dies at age 87

Casino tycoon and American political mega-donor Sheldon Gary Adelson died last night following complications related to treatment for non-Hodgkin’s lymphoma. He was 87. 

12 Jan, 2021

Government GGR tax receipts predicted at around MOP 130 billion

Secretary for Economy and Finance said last month he expected this year’s government GGR tax receipts to be around MOP 130 billion, which is around MOP 10 billion per month.

8 Jan, 2021

Sheldon Adelson non-Hodgkin’s lymphoma

Sheldon Adelson takes medical leave of absence, Robert Goldstein appointed Acting Chairman and CEO

Sheldon Adelson has taken a medical leave of absence from his roles to receive further treatment for non-Hodgkin’s lymphoma.

7 Jan, 2021

SJM to pay staff ‘living subsidies’

Gaming operator SJM to give eligible employees a “living subsidies” equivalent of 1.5 or two months’ salary.

5 Jan, 2021

Macao gaming revenue

Macao GGR down 65.8% year-on-year to US$977.5 million in December

December marks the 15th consecutive month of year-on-year declines since October 2019.

4 Jan, 2021

gaming concessions

Ho says ‘anything is possible’ concerning timing of casino concession bids 

Chief Executive Ho Iat Seng said that "anything is possible" concerning the timing of the bidding process for Macao's gaming concessions which expire in June 2022. 

20 Dec, 2020

SJM cancels New Year countdown show amidst COVID-19

Gaming operator SJM on Thursday announced that its popular Grand Lisboa New Year Countdown Show will be cancelled this year.

18 Dec, 2020

Kevin Benning Macau

Kevin Benning takes over as head of Studio City in Macao

Kevin Benning, who has over 15 years of experience in the casino gaming industry will be responsible for the operations of Studio City.

11 Dec, 2020

Macao gaming results 2020

Melco Resorts records highest GGR between Jan-Sept 2020

Melco Resorts held a 24.6% share of local gaming revenues between January and September, followed by Sands China at 19.5%.

11 Dec, 2020

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