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Brokerages predict disappointing August for Macau casinos

August 6, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The local branches of two prominent brokerage firms have reportedly predicted that August aggregated gross gaming revenues from the over 35 casinos in Macau will be below where they were for the same month last...

Genting Singapore Limited second-quarter results draw analyst concern

Adam Morgan

August 5, 2019

Latest Casino and Gambling News, Economy/Finance, Taxation, Singapore

A trio of brokerages has reportedly expressed unease over a recent revelation from Asian casino operator, Genting Singapore Limited, that its second-quarter net profit had dropped by some 5.2% year-on-year to a...

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 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...

Rodrigo Duterte being urged to re-think new casino prohibition

Adam Morgan

January 31, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Economy/Finance, Licenses, Philippines

In the Philippines, the head of the nation’s gaming regulator has reportedly implored President Rodrigo Duterte (pictured below), to lift his ban on the building of any new privately-financed casinos so that th...

Macau investors being warned to expect flat January gaming revenues

Adam Morgan

January 8, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

Lower than anticipated takings from the over 30 casinos in Macau during the first week of 2019 has reportedly prompted brokerage firm, Sanford C Bernstein and Company, to forecast that January’s upcoming aggreg...

VIP aggregated gross gaming revenues slow in Macau

Adam Morgan

July 16, 2018

Latest Casino and Gambling News, Economy/Finance, Macau

In Macau, second-quarter aggregated gross gaming revenues reportedly grew by 17.2% year-on-year to reach just over $9.11 billion although combined takings from VIP players increased by only 14.4% to hit $5.13 b...

Macau half-year fiscal surplus rises thanks to gaming

Adam Morgan

August 1, 2017

Latest Casino and Gambling News, Economy/Finance, Macau

In Macau, the government’s fiscal surplus for the first six months of 2017 reportedly increased by 15.3% year-on-year to stand at about $2.5 billion thanks in large part to a corresponding 14.2% rise in half-ye...

Foreign tourists to help Macau revival in 2017

Adam Morgan

December 29, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Macau’s effort to reinvent itself by premiering more family-friendly attractions is reportedly set to pay off next year as the former Portuguese enclave is expected to see a huge surge in tourists and mass-mark...