The US$1.1 billion hotel Morpheus at the City of Dreams (COD) complex in Cotai is targeted to open on June 15 with a casino floor to tap the premium mass market as there won’t be junket operators to bring in high-rollers, Melco Resorts & Entertainment Chairman and CEO Lawrence Ho Yau-lung said Tuesday.
Business
Four of Macau’s six gaming operators announced Monday in separate statements increased paid maternity and paternity leave for their employees.
The government announced Monday that it has granted a banking licence to Xinghui Bank Limited.
Melco Resorts & Entertainment saw its revenue grow by 3 percent to US$1.3 billion in the three months to 31 March 2018
Galaxy Entertainment Group (GEG) said in a statement Thursday that its revenue rose 32 percent year on year to HK$18.5 billion in the first quarter.
SJM Holdings said in a statement Wednesday that its net gaming revenue for the first quarter rose by 6.7 percent year on year to HK$8.41 billion.
Casino gross gaming revenue in Macau rose by 27.6 percent year-on-year in April, to MOP 25.7 billion (US$3.2 billion), according to the Gaming Inspection and Coordination Bureau (DICJ).
Las Vegas Sands saw its revenue increase by 16.7 percent to US$3.58 billion in the three months to 31 December 2018, including a 17 percent increase from its Macau operations to US$2.16 billion.
MGM China recorded total revenue of HK$4.7billion in the first quarter, a year-on-year growth of 26 percent, the US gaming company said in a statement Thursday.