Tagged studio city macau

Macau gaming revenues chalk up August advance despite sequential setback

September 1, 2021

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

In Macau and aggregated gross gaming revenues for August reportedly increased by some 234% year-on-year to top $554.49 million despite the disruption associated with a minor outbreak of coronavirus in neighbori...

Macau aggregated gross gaming revenues continued their resurgence in July

Adam Morgan

August 2, 2021

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

In Macau and aggregated gross gaming revenues for July reportedly rose by 528.1% year-on-year to just over $1.05 billion despite the continuing presence of a range of anti-coronavirus travel restrictions. Ac...

SJM Holdings Limited begins Grand Lisboa Palace operations

Adam Morgan

July 30, 2021

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

In Macau and local casino operator SJM Holdings Limited has reportedly announced the ‘soft launch’ of its new Grand Lisboa Palace property following well over seven years of construction. According to a repo...

Melco Resorts and Entertainment changing the focus of Altira Macau

Adam Morgan

July 28, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

In Macau and Melco Resorts and Entertainment Limited has reportedly announced that it will soon be transforming the casino within its Altira Macau property into a premium-mass venue at the expense of any VIP bu...

Melco Resorts and Entertainment Limited premieres share purchase scheme

Adam Morgan

July 9, 2021

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Employment & Careers, Macau, Mergers, Acquisitions & Partnerships, Labor Relations

In Macau and casino operator Melco Resorts and Entertainment Limited has reportedly announced the launch of a special share purchase program for the members of its management who participated in last year’s vol...

Macau records improved June aggregated gross gaming revenues

Adam Morgan

July 1, 2021

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

The casino hotspot of Macau reportedly posted an impressive rise of 812.5% year-on-year in aggregated gross gaming revenues for June to slightly over $817.1 million despite the recent implementation of a new ra...

Macau aggregated gross gaming revenues hurt by new travel restrictions

Adam Morgan

June 22, 2021

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

Macau reportedly saw its aggregated gross gaming revenues drop off by almost 24% last week after neighboring Guangdong Province instituted a new series of coronavirus-related travel restrictions. According t...

Macau introduces new coronavirus-related health measures

Adam Morgan

June 9, 2021

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

Officials in Macau have reportedly reacted to a small outbreak of the coronavirus pandemic in neighboring Guangdong Province by introducing a raft of new health measures for people visiting any of the enclave’s...

Macau casinos continue their post-coronavirus recovery

Adam Morgan

June 1, 2021

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

The 40-strong collection of casinos in Macau reportedly chalked up aggregated gross gaming revenues for May of slightly beyond $1.3 billion to take their combined five-month tally to a little over $5.3 billion....

Grand Lisboa Palace expecting to ‘soft launch’ in Macau before the end of June

Adam Morgan

May 5, 2021

Casino News, Latest Casino and Gambling News, Casino openings, 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 expects to ‘soft launch’ its new Grand Lisboa Palace property before the end of June in advance of conducting a full thir...

Melco Resorts and Entertainment Limited laments mass-market malaise

Adam Morgan

April 29, 2021

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

In Macau and a senior executive with prominent casino operator Melco Resorts and Entertainment Limited has reportedly detailed that the mass-market gaming sector is taking longer to recover when compared with t...

Macau chalks up a substantial drop in annual casino tax revenues

Adam Morgan

February 19, 2021

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

The government of Macau has reportedly announced that 2020 saw the annual tax contribution from the city’s collection of almost 40 casinos plunge by 73.6% year-on-year to stand at approximately $3.73 billion. ...

Positive earnings prediction for coming Grand Lisboa Palace

Adam Morgan

January 18, 2021

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

In Macau and local casino operator SJM Holdings Limited is reportedly expected to generate approximately $257 million in aggregated annual earnings next year from its coming Grand Lisboa Palace development. ...

Pessimistic prediction for Melco Resorts and Entertainment Limited

Adam Morgan

January 15, 2021

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

Prominent financial services firm Moody’s Investors Service Incorporated has reportedly warned that Asian casino operator Melco Resorts and Entertainment Limited could see its consolidated debt rise by about 14...

Macau gaming taxes show slow signs of recovery in October

Adam Morgan

November 12, 2020

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

The government of Macau has reportedly announced that the city’s 39 casinos handed over almost $117.12 million in aggregated gaming taxes for October to take their combined ten-month tally to just above $3.04 b...