Gaming operator Melco Resorts & Entertainment Limited reported on Wednesday an operating loss of US$149.9 million for the first quarter of this year, compared with operating income of US$191.1 million in the same quarter of last year.
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Hong Kong-listed gaming operator MGM China reported today an adjusted negative EBITDA of HK$0.1 billion for the first quarter.
Macau’s gaming revenue in December slipped for the third straight month, marking the worst annual decline since 2015
Macau’s gross gaming revenue last month touched the lowest level in a year as casinos continued to be slammed by economic and geopolitical troubles.
Macau will continue to face economic headwinds into the third quarter, following dual revelations in past weeks that August gross gaming revenue dropped the fastest this year and that the city has officially entered recession.
Operating revenues from Wynn Palace were US$740.6 million for the fourth quarter of 2018, up 12.8 percent year-on-year.
The government’s current reserves amount to MOP505.2 billion (US$62.8 billion), Secretary for Economy and Finance Lionel Leong Vai Tac said in the legislature.
Sands China Ltd.’s (SCL) total net revenues increased 15.3 percent to US$ 1.88 billion in the first quarter of 2017, compared to US$ 1.63 billion in the first quarter of 2016.
Gross gaming receipts rose 3.1 per cent to MOP19.3 billion (USD2.4 billion), according to data released by Macau’s Gaming Inspection and Coordination Bureau on Wednesday.
