#Golden Week

Review Journal

Macao casino revenue rebounding as analysts expect continued growth

Gaming industry analysts expect casino revenue to continue rising in Macao after back-to-back months of growth. The region's Gaming Inspection and Coordination Bureau on Wednesday reported a 33.1 percent increase in gross gaming revenue to $1.3 billion in February compared with a year earlier. While February figures were down from January, John…

Industry ・ 02 March 2023

World Casino News

Slight September progress for Macau casinos

The almost 40 casinos in Macau reportedly managed to rack up some $11.3 million in aggregated gross gaming revenues for the seven days from September 4 despite the continuing presence of coronavirus-related travel restrictions. According to a report from Asia Gaming Brief citing information from prominent Asian brokerage firm Sanford C Bernstein…

Finance ・ 29 November 2022

Seeking Alpha

Wynn Resorts, Las Vegas Sands lead rally in Macau casino stocks on reopening hopes

Macau gross gaming revenue fell 10.7% in October to $3.9B patacas ($482M) compared to a year ago, according to data from the Gaming Inspection and Coordination Bureau. The GGR tally was worse than the -8.5% consensus mark anticipated by analysts. October casino GGR was up 31.6% on a month-on-month comparison with some tourism channels to Macau from…

Travel ・ 01 November 2022

World Casino News

‘Golden Week’ cheer for Macau casino industry

The casino hotspot of Macau reportedly attracted more than 182000 visitors during the recent'Golden Week' holiday period with approximately 89% of these having travelled into the former Portuguese enclave from mainland China. According to a report from GGRAsia citing official information from the Macao Government Tourism Office, the figure for the…

Industry ・ 11 October 2022

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World Casino News

China visa crackdown to impact Macau gambling market

Global investment bank Credit Suisse Group AG has reportedly warned that Macau could see its aggregated gross gaming revenues crash by as much as 20% this year owing to China's burgeoning crackdown on granting visas to frequent gamblers. According to a Tuesday report from Asia Gaming Brief, the mainland's National Immigration Administration…

Payment Methods ・ 18 May 2022

Yogonet

Macau casino revenue hits 2021 low, direct investment slumps in 2020

Casinos in the Chinese enclave have seen their worst month of the year in October, amid pandemic-related restrictions and a gambling rules review. Revenue dropped 40% YoY, and also fell 26% from the previous month, down 83% against pre-pandemic 2019. Direct investment in Macau's gaming sector declined by 30% in 2020 versus 2019. Casinos in Macau…

Finance ・ 15 January 2022

Vegas Slots Online

Macau Monthly Casino Revenue Fell to Year Low in October

Macau's monthly gross gaming revenue hit a record low for 2021 in October as the region continued to deal with the impact of COVID-19 restrictions. Gross gaming revenue fell almost 29% month-on-month to around MOP4.37bn ($544.7m). a 40% year-on-year drop in October revenue Figures released by the Macau Gaming Inspection and Coordination Bureau on…

Finance ・ 01 November 2021

Gambling News

Industry Analysts Optimistic on Las Vegas Recovery

Put simply, 2020 sucked for the gaming industry. With COVID-19 forcing lengthy shutdowns of commercial activity everywhere, casinos took a major hit that is still being felt today. The good news, though, is that things are returning to a quasi-normal state in most areas, and Las Vegas, the US gambling capital, is on the road to recovery. According…

Industry ・ 21 October 2021

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World Casino News

Two-jab mandate for Macau casino employees

The firms behind the 41 casinos in Macau have reportedly upped their campaigns against coronavirus by comprehensively implementing new rules that require employees to be fully vaccinated or present weekly negative viral diagnostic tests. According to a report from Inside Asian Gaming, the new regime has been implemented by operators Sands China…

Jobs ・ 15 October 2021

Vegas Slots Online

Global Gambling Meccas Post Latest Gaming Revenue Data

Casinos in the global gambling hubs of Las Vegas and Macau are continuing their recovery from the COVID-19 pandemic with different levels of success. [Image: Shutterstock.com] Players from all over the world regularly flock to the internationally renowned gambling hubs of Las Vegas and Macau. Despite their notoriety, the two markets struggled…

Finance ・ 04 October 2021

Legit Gambling

Las Vegas Sands Agrees With Lenders On Dividend Program Suspension

Las Vegas Sands Corp (LVS) has reached a deal with its lenders about its dividend program. The company said it would be suspending its dividend program until the end of 2022 unless it reaches liquidity of a billion dollars. In exchange for this, its lenders which included the Bank of Nova Scotia agreed to relax its lending contract so that LVS can…

Covid ・ 07 September 2021

GGRAsia

Macau casino GGR rose 1pct m-o-m in April: govt

Macau casino gross gaming revenue (GGR) rose by 1.1 percent sequentially in April, to MOP8.40 billion (US$1.05 billion), compared to just under MOP8.31 billion in March. April GGR was up 1014.4 percent from a year earlier, according to data issued on Saturday by the city's casino regulator, the Gaming Inspection and Coordination Bureau, a body also…

Covid ・ 13 August 2021

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Vegas Slots Online

Macau Casinos See First GGR Rise Since September 2019

After a difficult 2020 impacted by the effects of the COVID-19 pandemic, Macau casinos saw gross gaming revenue (GGR) increase for the first time since 2019 last month. Macau gaming revenue totaled MOP 7.31bn ($915.3m) for the month of February According to data released by Macau's Gaming Inspection and Coordination Bureau (DICJ), Macau gaming…

New Year ・ 31 July 2021

The Motley Fool

Did This Casino's Big Bet on Asia Just Go Bust?

It was a bold move by Las Vegas Sands (NYSE:LVS) to abandon its namesake city in favor of going all-in on Asia. Earlier this year, it sold the operating company behind The Venetian, The Palazzo, and the Sands Expo and Convention Convention Center to Apollo Global Management for $2.3 billion, while real estate investment trust VICI Properties bought…

Covid ・ 12 July 2021

Skift

Wynn Resorts Will Unleash Online Gaming Into a Public Company

Wynn Resorts is the latest casino company to signal the future gambling capital of the world isn't Macau or Las Vegas - it's your laptop or smartphone. The gaming company behind multibillion-dollar resorts in Las Vegas, Macau, and Boston this week announced plans to take its Wynn Interactive online gaming platform public via a special purpose…

Travel ・ 03 July 2021

The Wall Street Journal

Macau Casino Stocks Still Face Long Odds

After a brutal downturn during the early months of, Macau's casinos will likely see more visitors soon. That doesn't necessarily make casino stocks a winning bet-at least not for a while. After, the gambling hub is finally seeing a glimmer of hope. Starting Wednesday, Chinese authorities will resume issuing tourist visas for visitors to Macau from…

Finance ・ 13 May 2021

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Review Journal

April gross gaming revenues pick up steam in Macao

As a major holiday period wraps up Wednesday in Macao, gross gaming revenue for the area has picked up steam. Macao's Gaming Inspection and Coordination Bureau reported Saturday that the region's casinos collected $1.05 billion (U.S.) in April compared with $94.3 million (U.S.) in April 2020, a 1014.4 percent increase. It was the highest monthly…

Finance ・ 07 May 2021

Calvin Ayre

Macau casino gambling revenue down ‘only’ 72.5% in October

Macau casino gambling revenue fell'only' around three-quarters in October, which apparently qualifies as a roaring success in this pandemic-plagued year. Figures released Sunday by Macau's Gaming Inspection and Coordination Bureau (DICJ) show market-wide casino gaming revenue of MOP7.3b (US$914m), a 72.5% decline from the same month last year but…

Finance ・ 04 February 2021

The Motley Fool

Macao Gambling Revenue Was Down 63% in January

Macao casinos still aren't faring too well, as January gambling revenue fell 63.7% in January, the 16th consecutive month of declines and the 12th straight month the year-over-year drop was greater than 60%. Yet gambling revenue was 2.6% higher than it was in December, which itself was a 15% rise over November. The casino industry is improving, but…

Finance ・ 02 February 2021