Mass Market | World Casino News

Macau casinos end the year on a downer following disappointing December

January 2, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Macau

The 41 casinos in Macau reportedly ended December on a downward note after recording a 13.7% year-on-year decrease in monthly aggregated gross gaming revenues to slightly over $2.84 billion. According to a W...

Macau casinos post disappointing aggregated November revenues figure

Adam Morgan

December 2, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The over 35 casinos in Macau reportedly experienced a disappointing November after chalking up an 8.5% year-on-year decrease in aggregated gross gaming revenues to slightly over $2.83 billion. According to a...

‘Golden Week’ disappointment for Macau casinos

Adam Morgan

October 9, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The first seven days of October reportedly saw the over 35 casinos in Macau record aggregated daily gross gaming revenues that were some 12% lower year-on-year at approximately $142.33 million. According to ...

Morgan Stanley lowers Macau annual gaming revenue predictions

Adam Morgan

September 18, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

Global brokerage and investments firm, Morgan Stanley, has reportedly become the latest to envision hard times ahead for the casino industry in Macau after it lowered an earlier forecast concerning what it expe...

Macau records a 3.5% decline in aggregated gross gaming revenues for July

Adam Morgan

August 2, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The over 35 casinos in Macau reportedly had a bad July after ending a recent spurt of comparable growth to post a 3.5% decline year-on-year in aggregate gross gaming revenues to approximately $3.03 billion. ...

Macau expected to post relatively flat July aggregated gross gaming revenues

Adam Morgan

July 23, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The Asian branch of global brokerage firm, Sanford C Bernstein and Company, has reportedly predicted that the Macau’s 38-venue casino market will post comparatively flat aggregated gross gaming revenues for the...

Macau aggregated gross gaming revenues for July expected to improve

Adam Morgan

July 17, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The Asian branch of global brokerage firm, Sanford C Bernstein and Company, has reportedly predicted that the 38 casinos in Macau are set to post July aggregated gross gaming revenues that are between 2% and 4%...

Macau recovers to post improved June aggregated gross gaming revenue figures

Adam Morgan

July 2, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The over 35 casinos in Macau had a great June after seemingly weathering an ever-slowing Chinese economy and associated high-roller timidity to post a 5.9% increase year-on-year in aggregated gross gaming reven...

Macau records improvement in May aggregated gross gaming revenues

Adam Morgan

June 3, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

Following two months’ of comparative declines, Macau reportedly saw aggregated gross gaming revenues from its collection of over 35 casinos rebound last month courtesy of a 1.8% year-on-year increase to approxi...

Groupe Lucien Barriere ‘comfortable’ with minority stake in future Japanese casino

Adam Morgan

May 28, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Japan, Mergers, Acquisitions & Partnerships

The boss for French gambling and hotels giant, Groupe Lucien Barriere, has reportedly declared that his firm would be ‘comfortable’ holding a minority stake in any new Japanese integrated casino resort so long ...

Macau to continue push towards diversification

Adam Morgan

March 5, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Macau

In Macau, Economy and Finance Secretary Lionel Leong Vai Tac (pictured) has reportedly announced that the city is to continue with its policy of encouraging local casino firms to diversify their offerings so as...

MGM Cotai plans on focusing on tourist-friendly environment

Marie Kelley

October 6, 2015

Latest Casino and Gambling News, Casino project updates, Macau

MGM Resorts is currently constructing their second casino in Macau. For the MGM Cotai, the company plans on focusing on a tourist-friendly approach rather than on high rollers or career gamblers. The $3 billion...

Bernstein report states that mass gambling can help Macau’s casino industry to recover

Renee Kingsley

August 22, 2015

Asian Casino News, Macau, Philippines, South Korea

Macau’s casino industry has been in decline for the past 18 months with gambling revenue for Macau’s top six casinos falling 40% in the first half of 2015. Industry experts predict that decline to continue thro...

Sands Macau rallies with transition from VIP Junkets to mass-market focus

D. Graham

July 26, 2015

Latest Casino and Gambling News, Casino News, World Casino News, New Hotels, Gaming Industry News, Poker, Asian Casino News, Macau

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Once Sands China Ltd. reported that they beat second-quarter profit estimates, their stocks surged 7.9% on the Hong Kong exchange. Sands Chairman Sheldon Adelson further claims that the mass-market is currently...

Deutsche Bank says Macau mass gamblers do not bring in as much revenue as VIP gamblers

Renee Kingsley

May 14, 2015

Economy/Finance, Macau

Beijing's anti-corruption campaign against VIP gamblers in Macau over an extended period of time has been successful as these VIP gamblers have decided to stop frequenting Macau's casinos and instead take their...