Macao’s flagship carrier has been financially struggling in recent years, reporting losses of several hundred million patacas throughout the pandemic period and beyond
Business
Deutsche Bank Securities and Seaport Research Partners predict Macao’s casinos will experience a booming September, following August’s record post-pandemic haul
The country’s tourism industry leaders warn that MGM Osaka – Japan’s first integrated resort – could lure millions of gamblers away from South Korea’s Kangwon Land
The campaign takes the form of multiple promotions across the city, lasting 13 weeks from September to November
The local casino industry generated 22.15 billion patacas (US$2.76 billion) in gross gaming revenue last month, growing by 12.2 percent year-on-year
The casino operator saw a significant increase in net revenues and a return to profit, driven by improved gambling and non-gambling operations
Despite a rise in net gaming revenue, SJM experienced a slight dip in adjusted earnings, as it pushes forward with acquisitions and casino optimisation
Hotel occupancy rates reached 91 percent last month, representing a 1.9 percent rise compared to the same time last year
Investment analysts are forecasting at least ten percent gross gaming revenue growth for August, which would mark a third straight month of double-digit gains