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Sands China Leads in Macau’s Gaming Market for Q2

August 28, 2024

Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Financial Press Releases

Sands China Ltd emerged as a leader in Macau’s casino industry for the second quarter, leading in mass-market and VIP gross gaming revenue (GGR) as well as hold-adjusted earnings before interest, taxation, depr...

Galaxy Entertainment Reports Record Post-COVID Growth in Q2 2024

Vanja Mitic

August 15, 2024

Latest Casino and Gambling News, Casino News, World Casino News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Financial Press Releases

Galaxy Entertainment Group (GEG) has announced a substantial increase in gross gaming revenues, achieving HK$10.3 billion (US$1.32 billion) for the second quarter of 2024. This marks a significant 35.0% rise fr...

CLSA Updates Macau GGR Forecast: 34% Rise in 2024, EBITDA Cut by 1.2%

Vanja Mitic

July 17, 2024

Latest Casino and Gambling News, World Casino News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Financial Press Releases

CLSA has revised its financial projections for Macau's gaming sector for 2024 and 2025. This adjustment reflects ongoing changes in the global and regional economic landscape, competitive pressures among Macau'...

CLSA Revises Forecast for Macau 2024 GGR; Projects MOP$239.9 Billion

Vanja Mitic

June 12, 2024

Latest Casino and Gambling News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, Macau, Financial Press Releases

CLSA, a leading brokerage firm, has updated its forecasts for Macau's gross gaming revenue (GGR) for 2024, now projecting a 1.6 percent increase. The revised estimate suggests that GGR will reach MOP$239.9 bill...

“Small 6/Big 6” Baccarat Side Bet Debuts in MGM and Wynn Macau Casinos

Johnny K.

May 24, 2024

Casino News, Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, Gaming Industry News, The Players Lounge, Asian Casino News, Macau

A novel side bet for baccarat, known as "Small 6/Big 6", has been introduced in Macau’s casino market. Currently, this new betting option is available in both the mass and high-limit areas of MGM China Holdings...

New Baccarat Side Bet Launched in Macau Casinos on 29 April 2024

Radosav Milutinovic

April 30, 2024

Casino News, Reviews from the Cotai Strip, Latest Casino and Gambling News, Gaming Law & Legislation, Casino reviews from Macau, World Casino News, Gaming Industry News, The Players Lounge, Macau, Asian Casino News

Macau's Gaming Inspection and Coordination Bureau (DICJ) has approved a new baccarat side bet offering odds as high as 50 times the stake. Regulator's approval of the side bet will reportedly be welcomed by Mac...

Melco International Records a Loss of HK$1.74 Billion in 2023, Narrowed from $5.11 Billion

Vanja Mitic

April 1, 2024

Latest Casino and Gambling News, Casino News, Casino reviews from Macau, Casinos of the Philippines, Gaming Industry News, Cyprus, Economy/Finance, Macau, Financial Press Releases, Philippines

Macau’s concessionaire Melco Resorts & Entertainment’s parent company, Melco International Development Ltd, reportedly lost HK$1,74 billion (US$222 million) in 2023. The loss is attributable to the owners. ...

Paradise Entertainment Generated $7.8 Million Profit in 2023 to Actively Seek International Expansions

Radosav Milutinovic

March 27, 2024

Latest Casino and Gambling News, Casino Destinations, Casino News, Casino reviews from Macau, World Casino News, Casinos of the Philippines, Gaming Industry News, Technology, Economy/Finance, Online Gambling News

A Macau’s leading gaming and entertainment operator, Paradise Entertainment Ltd, reveals that the company generated a profit of US$7.8 million in 2023. The value added to the company's 2023 balance sheet after...

Macau Hotel “THE 13” Calls for Bids; Offers $307 Million Sales Price

Radosav Milutinovic

March 15, 2024

Casino Sales, Latest Casino and Gambling News, Casino News, World Casino News, Casino reviews from Macau, Casino project updates, Casino closures, Gaming Industry News, Economy/Finance, Asian Casino News, Online Gambling News, Macau, Mergers, Acquisitions & Partnerships, Crime, Bankruptcy, Fines, Lawsuits & Litigation, Financial Fraud, Thailand

Some hotel owners are superstitious and ready to resort to some actions when launching the business that many would consider ridiculous. Such actions sometimes include certain room number exclusions to make gue...

SJM Holdings Records HK$2.01 Billion Loss in 2023, Narrowed from HK$7.80 Billion in 2022

Vanja Mitic

March 6, 2024

Latest Casino and Gambling News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, Macau, Financial Press Releases

One of the biggest concessionaires in Macau, SJM Holdings, released a revenue report and it seems things are looking better for the city. Thanks to a significant increase in gaming revenue, in a year ending wit...

Macau GGR Reaches MOP$18.5 Billion In February Thanks To Chinese New Year Golden Week

Marija Malenovic

March 2, 2024

Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Financial Press Releases

Fueled by Lunar New Year's Golden Week, gross gaming revenue in Macau during February this year reached MOP$18.5 billion, which is roughly US$2.3 billion. Increased gaming income: Macau managed to record ...

Galaxy Ent. Releases Financial Report For 4Q23 & FY23; GGR Grew 6% Sequentially In 4Q23

Marija Malenovic

February 28, 2024

Latest Casino and Gambling News, Casino Destinations, Casino News, Casino reviews from Macau, World Casino News, Gaming Industry News, Casino moguls, Economy/Finance, Asian Casino News, Macau, Financial Press Releases

Galaxy Entertainment Group revealed net income of HK$10.3bln, which is approximately US$1.32bln, for the period of 3 months leading to December 31 of the previous year, which jumped by 254% compared to the prev...

Macau Proposes Illegal Gambling Law Revision to Extend Prison Sentences and Pecuniary Fines

Radosav Milutinovic

February 19, 2024

Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, Casino Cheating, Casino reviews from Macau, Unlicensed Operation, Asian Casino News, Macau, Online Gambling News, Financial Fraud

Macau SAR Legislative Assembly is considering a revision of the legislation related to illegal gambling activities in the city. The proposal reportedly includes a range of higher pecuniary penalties for offende...

MGM China’s Adjusted Property EBITDAR Reaches All-Time High For 4Q23 And FY23

Marija Malenovic

February 14, 2024

U.S.A., Las Vegas, Casino Destinations, Reviews from the Cotai Strip, Casino News, Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, North America Casino News, Gaming Industry News, Casino moguls, Economy/Finance, Asian Casino News, Macau, Financial Press Releases

For one of Macau’s 6 concessionaires, MGM China, last year was its best year of all time in terms of income collected, as it officially revealed all-time highs for 4Q23 and entire year Adjusted Property EBITDAR...

Record-Breaking Daily Visits To Macau Exceed 200,000 to Improve Casino Stocks by up to 10%

Radosav Milutinovic

February 14, 2024

Latest Casino and Gambling News, Casino Destinations, Casino News, Reviews from the Cotai Strip, World Casino News, China, Casino reviews from Macau, Gaming Industry News, Hong Kong, Macau, Online Gambling News

Macau gambling industry experiences a rapid growth these days thanks to the Lunar New Year celebrations bringing in an increased number of tourists from Mainland China and Hong Kong. The city officials have rep...

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Sands China Leads in Macau’s Gaming Market for Q2

Galaxy Entertainment Reports Record Post-COVID Growth in Q2 2024

CLSA Updates Macau GGR Forecast: 34% Rise in 2024, EBITDA Cut by 1.2%

CLSA Revises Forecast for Macau 2024 GGR; Projects MOP$239.9 Billion

“Small 6/Big 6” Baccarat Side Bet Debuts in MGM and Wynn Macau Casinos

New Baccarat Side Bet Launched in Macau Casinos on 29 April 2024

Melco International Records a Loss of HK$1.74 Billion in 2023, Narrowed from $5.11 Billion

Paradise Entertainment Generated $7.8 Million Profit in 2023 to Actively Seek International Expansions

Macau Hotel “THE 13” Calls for Bids; Offers $307 Million Sales Price

SJM Holdings Records HK$2.01 Billion Loss in 2023, Narrowed from HK$7.80 Billion in 2022

Macau GGR Reaches MOP$18.5 Billion In February Thanks To Chinese New Year Golden Week

Galaxy Ent. Releases Financial Report For 4Q23 & FY23; GGR Grew 6% Sequentially In 4Q23

Macau Proposes Illegal Gambling Law Revision to Extend Prison Sentences and Pecuniary Fines

MGM China’s Adjusted Property EBITDAR Reaches All-Time High For 4Q23 And FY23

Record-Breaking Daily Visits To Macau Exceed 200,000 to Improve Casino Stocks by up to 10%

Visualize Group to Acquire BMM Testlabs, Focusing on Global Gaming Growth

Paradise Entertainment Expands Production in Macau Amid Global Challenges

Shoshone-Paiute Tribe Partners with Coeur d’Alene Tribe to Launch Casino Project

Elaine Wynn, a Pioneer in the Las Vegas Casino Industry, Dies at 82

Brazil’s Gambling Legalization Bill Awaits Senate Vote Amid Ongoing Debate