Golden Week | World Casino News

Macau Golden Week visitor tally up 12 percent first 6 days

October 8, 2018

Latest Casino and Gambling News, Casino News, Macau

Data issued by the Macao Government Tourism Office on Sunday shows that nearly 812,500 tourists visited the former Portuguese enclave during the first six days of the ‘Golden Week’ public holiday. The figure in...

This year’s edition of ‘Golden Week’ may disappoint in Macau

Adam Morgan

October 2, 2018

Latest Casino and Gambling News, Economy/Finance, Macau

In Macau, this year’s edition of the ‘Golden Week’ public holiday could reportedly turn out to be disappointing for the city’s many casino operators due to total visitor numbers coming in below earlier market e...

Macau’s aggregated gross gaming revenues recover for June

Adam Morgan

July 2, 2018

Latest Casino and Gambling News, Economy/Finance, Macau

The over 30 casinos in Macau have reportedly recovered somewhat from a disappointing May to post a 12.5% increase year-on-year in aggregated gross gaming revenues for June to approximately $2.78 billion. Acc...

Macau records sizeable boost in October visitor numbers

Adam Morgan

November 23, 2017

Latest Casino and Gambling News, Economy/Finance, Macau

Macau reportedly experienced a 7.9% increase year-on-year in the total number of October tourists to nearly 2.89 million despite earlier recording a 2% decline in visitor numbers for the first four days of the ...

Galaxy Entertainment Group reports improved third-quarter performance

Adam Morgan

October 27, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Hong Kong-listed Galaxy Entertainment Group has released its unaudited financial results for the third quarter showing that it experienced a 5% increase year-on-year in overall revenues to $1.66 billion while r...

Golden Week sets stage for third month of Macau recovery

Lars Jones

October 10, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Golden Week holiday saw visits from the Chinese mainland to Macau increased to about 970,000 from October 1 through 7 with a total visitor count of about 1.15 million. Chinese visits were up 6.9 percent year on...

Optimistic outlook for Macau gross gaming revenues

Martin Chua

October 6, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

After recording two months of year-on-year growth following 26 months of consecutive declines, combined casino gross gaming revenues in Macau are beginning to show sustained performance in October thanks to an ...

Galaxy Macau Casino Resort posts better-than-expected numbers

Martin Chua

October 5, 2016

Latest Casino and Gambling News, Economy/Finance, Asian Casino News, Macau

Hong Kong-listed casino operator Galaxy Entertainment Group has revealed that its Galaxy Macau Casino Resort has reported better than expected customer numbers and expenditure over the first three days of the G...

Upcoming visit of Chinese Premier may adversely affect Macau VIP gaming business

Adam Morgan

October 1, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Casino owners in Macau are bracing themselves for a potential downturn in VIP high-stakes business following news that Chinese Premier Li Keqiang may be about to pay an official visit to the former Portuguese c...

Macau casino revenue extends fall despite more holiday arrivals

Alex Lanter

November 3, 2015

Latest Casino and Gambling News, Economy/Finance, Asian Casino News, Macau

Macau casino revenue fell for the 17th month in a row in October. Nevertheless, this decline has been less bad than some previous months and thus gave hope to the world’s largest gambling centre that the crisis...

Macau Golden Week suffers visitor decrease due to Typhoon Mujigae

Renee Kingsley

October 5, 2015

Gaming Law & Legislation, Casino News, China, Economy/Finance, Asian Casino News, Macau

Macau’s department of gaming recently confirmed that gaming revenue has fallen for the 16th consecutive month. This drop in gaming revenue is due to the anti-corruption crackdown launched by Beijing in 2014 tha...

Macau casino stocks up on reports of potential economic support from Beijing

Lars Jones

October 4, 2015

Latest Casino and Gambling News, Casino News, China, Economy/Finance, Macau

Macau casinos' gross gaming revenue fell by 1/3 in September, the sixteenth month in a row showing decline, but the numbers were within expectations. Hitting forecasts as well as reports that Beijing may be wil...

Casino stocks slide in Hong Kong, US

Lars Jones

September 30, 2015

Latest Casino and Gambling News, Casino News, Economy/Finance, Macau, Indepth / Featured Articles

Tuesday saw casino stocks on the Hong Kong stock exchange (HKEx) fall to levels unseen in years, and the sneeze seems to have even given some NYSE stocks a cold, or at least kept them from shaking it. Sands ...

Studio City expected to open this October; 150 live gaming tables expected

K Morrison

August 3, 2015

Latest Casino and Gambling News, Casino News, Casino openings, China, Casino project updates, Macau

Initially set for Monday, on Wednesday Melco Crown will announce the opening date of its Studio City, according to ggrasia.com, but Bernstein Research estimates that it will be 100 days before it is ready to op...