Sanford C Bernstein And Company

SJM Holdings Limited ramping up Grand Lisboa Palace preparations

May 6, 2020

Latest Casino and Gambling News, Casino News, New Hotels, Gaming Industry News, Casino project updates, Economy/Finance, Employment & Careers, Macau

In Macau and local casino operator SJM Holdings Limited has reportedly announced that it will be moving approximately 1,000 employees from its iconic Casino Grand Lisboa to work in its soon-to-open Grand Lisboa...

Mainland economic revival may hasten Macau’s post-coronavirus success

Adam Morgan

April 29, 2020

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

International brokerage firm Sanford C Bernstein and Company has reportedly announced that the ultimate recovery of Macau’s casino market may well be hastened by the increasing resurgence of a pair of nearby ma...

Thoroughly bleak April prediction for Macau’s casino industry

Adam Morgan

April 21, 2020

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

International brokerage firm Sanford C Bernstein and Company has reportedly predicted that Macau could see its aggregated gross gaming revenues for April contract by as much as 95% year-on-year to come in at on...

Slowdown of Macau casino market continues into March

Adam Morgan

March 10, 2020

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

The first eight days of March reportedly saw the 39 active casinos in Macau post aggregated gross gaming revenues that were 79% lower year-on-year at approximately $174.9 million. According to a report from ...

Coronavirus fears ruin Macau’s February gaming revenues

Adam Morgan

March 2, 2020

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

The 39 active casinos in Macau reportedly saw their aggregated gross gaming revenues for February plummet by 87.8% year-on-year to just $387.2 million as a direct result of the measures put into place to stop t...

Macau casinos to re-open on Thursday following coronavirus shutdown

Adam Morgan

February 17, 2020

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

The 39 active casinos in Macau will reportedly be allowed to re-open from midnight on Thursday following the conclusion of a 15-day shuttering that was instituted to help stop the spread of the highly-infectiou...

Genting Singapore Limited seeking Japanese collaborators

Adam Morgan

February 13, 2020

Latest Casino and Gambling News, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Japan, Mergers, Acquisitions & Partnerships

The Genting Singapore Limited subsidiary of Asian gambling giant Genting Malaysia Berhad has reportedly announced that it is ‘in the process of exploring partners’ to help it win one of the coming trio of integ...

Macau likely to record ‘bleak’ February aggregated gross gaming revenues

Adam Morgan

February 12, 2020

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

A leading brokerage firm has reportedly predicted that an ongoing casino shutdown in Macau could eventually push the city’s aggregated gross gaming revenues for the entirety of February down by as much as 95% y...

Brokerages predict disappointing August for Macau casinos

Adam Morgan

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...

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%...

Studio City Macau investor files for bankruptcy in the United States

Adam Morgan

May 3, 2019

Latest Casino and Gambling News, Casino News, Casino expansion projects, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships, Bankruptcy

A firm with a minority stake in the operator behind the giant Studio City Macau integrated casino resort has reportedly filed for permission to institute Chapter 11 bankruptcy protections after being unable to ...

Sands China Limited due to retain dominant Macau position into the future

Adam Morgan

April 29, 2019

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

The Sands China Limited subordinate of American casino giant, Las Vegas Sands Corporation, is likely to retain its position as the ‘largest operator’ in Macau’s mass-market gaming industry over the course of th...

Macau ‘inclined’ towards future casino concession public tender

Adam Morgan

March 15, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Licenses, Macau

In Macau, Economy and Finance Secretary, Lionel Leong Vai Tac (pictured), has reportedly announced that the local government in ‘inclined’ towards launching a new tendering process for the city’s six existing c...

Limited pool for Caesars Entertainment Corporation buyers

Adam Morgan

March 13, 2019

Latest Casino and Gambling News, U.S.A., Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships

There are reportedly only three American casino operators that currently have enough financial clout to purchase the entirety of Caesars Entertainment Corporation while any other such interested local parties w...