Tagged vitaly umansky

Macau records improved June aggregated gross gaming revenues

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...

Singapore looking at a long road to gaming revenues recovery

Adam Morgan

June 10, 2021

Latest Casino and Gambling News, Casino News, Casino expansion projects, Gaming Industry News, Economy/Finance, Singapore

It could reportedly take up to four years for the two large integrated casino resorts in Singapore to fully recover from the impacts of the coronavirus pandemic and post aggregated annual gross gaming revenues ...

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

Adam Morgan

May 5, 2021

Latest Casino and Gambling News, Casino 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...

Macau casinos likely to benefit from the introduction of ‘digital yuan’ currency

Adam Morgan

April 30, 2021

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

The introduction into Macau of a digital version of the yuan currency currently being trialled by the government of China should prove to be a long-term positive for the city’s collection of almost 40 casinos. ...

Macau casino market continues its slow recuperation

Adam Morgan

March 23, 2021

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

The almost 40 casinos in Macau are reportedly continuing to slowly recover from the impacts of the coronavirus pandemic after last week posting a rise of 18% month-on-month in daily aggregated gross gaming reve...

Brokerage mulls over digital currency introduction for Macau

Adam Morgan

January 22, 2021

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

Mass and premium-mass business at the 39 casinos in Macau could reportedly benefit if the enclave ever decided to adopt the digital version of the yuan currency currently being promoted by the government of Chi...

Macau casinos experience promising start to January

Adam Morgan

January 11, 2021

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

The 39 casinos in Macau have reportedly seen their aggregated gross gaming revenues for the first ten days of January trend considerably higher when compared with the same period last month. According to a r...

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 ...

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...

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...

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...

Lack of Asian exposure hurting Caesars Entertainment Corporation

Adam Morgan

March 6, 2019

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

The future prospects of American casino operator, Caesars Entertainment Corporation, are likely to remain relatively restricted due the firm’s policy of largely overlooking Asia in favor of focusing the vast ma...

New currency rules may negatively impact Macau casinos

Adam Morgan

February 16, 2019

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

The local branch of global brokerage firm Sanford C Bernstein and Company has reportedly detailed that it is still too early to tell what impact recently-tightened foreign currency transaction rules will have o...