#Melco Resorts

GGRAsia

Macau casino bets mostly US$64 up on Day 6 of CNY hols

GGRAsia walked the mass-play floors of a number of the major casinos in downtown Macau and the Cotai district on Thursday, which for mainland China residents was the sixth day of an eight-day holiday break to mark Chinese New Year this time. At about 11.25am at Grand Lisboa (pictured), run by SJM Holdings Ltd on the city's peninsula, the sic bo…

Live Gambling ・ 15 February 2024

Global Village Space

Leading Software Giants: Best Online Casino Providers

The global casino gaming market is estimated to reach US$138.10 billion by 2028, driven by a 7.76% CAGR and the rapid growth of leading online casino software providers like Aristocrat, NetEnt, Bally, Pragmatic Play, and Novomatic. It is fueled by a rapidly expanding user base expected to reach US$243.2 million by 2028, with a 3.0% user penetration…

Industry ・ 10 January 2024

AGB - Asia Gaming Brief

Macau mass table gaming almost fully recuperated to pre-pandemic results, slots still lagging

Under the new gaming concessions granted since January 1st, 2024, the number of tables and slots in Macau was reduced to 6000 and 12000, a 13 and 6 percent reduction from the last count before the changes, respectively. MGM was the only one of the six concessionaires to receive an increase in table allocation, with the other five concessionaires,…

Industry ・ 04 December 2023

iGaming Business

Studio City Casino records first post-Covid operating profit in Q3

Studio City International Holdings, the Melco-operated integrated resort's owner, saw a year-on-year lift in takings in part thanks to the opening of Studio City Phase 2 in April. New features include the Studio City Indoor Water Park and a new hotel construction called Epic Tower. Furthermore, entertainment and tourism revenues have surged across…

Finance ・ 07 November 2023

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GGRAsia

Ainsworth hails Asia milestone with slots at CoD Manila

Casino slot machine maker Ainsworth Game Technology Ltd says it has reached a "significant milestone in the Asian gaming sector," with installation of 24 of its "state-of-the-art" A-Star cabinets (examples pictured) at the City of Dreams (CoD) Manila gaming resort. Ainsworth Game added the move was its first ever A-Star placement in the…

Industry ・ 16 October 2023

Benzinga

Casinos and Gambling Market to grow by USD 90.22 billion from 2022 to 2027

NEW YORK, Oct. 12, 2023 /PRNewswire/ -- The casinos and gambling market is estimated to grow by USD 90.22 billion from 2022 to 2027, growing at a CAGR of 8.13% . The casinos and gambling market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer casinos and gambling market are 888 Holdings…

13 October 2023

Yogonet

Merkur Gaming's selection of games now available at Melco's new City of Dreams Mediterranean in Cyprus

July's opening of Melco Resorts & Entertainment's integrated resort City of Dreams Mediterranean in Cyprus, Merkur Gaming announced that a selection of its game variants is available at what is deemed as Europe's largest integrated resort. The available selection of games includes the brand's Avantgarde Trio, Avantgarde Max Duo, Allegro Curved…

Travel ・ 06 September 2023

fagenwasanni.com

Online Gambling Sector Shows Strong Growth in Gaming Industry

The gaming industry has experienced significant growth in online gambling. Research firm Insider Intelligence estimates that the amount of money bet on sporting events in the U.S. will increase by 45% to reach almost $137 billion this year. In addition, the revenue from iGaming, which involves betting on traditional casino games online, has surged…

Industry ・ 09 August 2023

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MGM Resorts, SJM Holdings, 888 Holdings

PUNE, MAHARASHTRA, INDIA, July 26, 2023/ EINPresswire.com / -- Casino and Gaming Market - Global Outlook and Forecast 2022-2029 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market…

Industry ・ 27 July 2023

Reuters

Philippines gaming regulator bets on online casinos

MANILA, July 20 (Reuters) - The Philippine gaming regulator aims to take a slice of the lucrative online gaming market by launching its own e-gambling operations next year to grow its pool of customers and attract wealthy offshore gamblers, its chief said on Thursday. The Philippine Amusement and Gaming Corp (Pagcor), a gaming regulator and…

Industry ・ 20 July 2023

Barron's

Las Vegas Sands Stock Surges Earnings, Comeback in Macau

Macau-exposed casino stocks gained early Thursday after Las Vegas Sands signaled that a "robust recovery" in travel and tourism spending was under way in the region. The casino operator's earnings and revenue beat expectations in the first quarter, while management flagged positive trends in Macau as well as Singapore. The stock (ticker: LVS)…

Travel ・ 21 April 2023

iGaming Business

Japan casino picture slowly coming into focus

Japan will make a decision on applications for integrated resorts from Osaka and Nagasaki in the coming months, perhaps as soon as this month. Then authorities will decide the fate of one or more unissued IR licences, with the distinct possibility of a supplementary round of applications that could include prime sites Tokyo and Hokkaido. That's the…

Politics ・ 09 March 2023

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Gambling News

Macau Casino Revenue in January up 82.5%, Recovery on the Cards

Shares of Macau casino operators posted gains of between 3% and 5% after official data released by the Special Administrative Region (SAR) of China's government revealed that gambling revenue in January nearly doubled. Macau casinos generated MOP11.58 billion ($1.44 billion) in gross revenue in the first month of 2023 to post an increase of 82.5%…

Finance ・ 01 February 2023

TipRanks

Casino Stocks Looking for Comeback after Impressive December

While most of us spent December with family, friends, and a slew of old traditions, some packed up and went gambling during the last month of the year. In fact, new reports suggest that casino stocks are likely in for an impressive December. Though whether or not they can continue is anyone's guess. The word from the Nevada Gaming Control Board…

Finance ・ 01 February 2023

The Motley Fool

Asia's Gambling Market Is Starting to Thaw

Asia's gambling markets have been hammered by COVID-19 and the zero-COVID policy in China, but that's starting to shift. China is opening up the economy again, and if Las Vegas is any indication, that could lead to a boom in gambling activity in Macao and Singapore. Motley Fool contributors Travis Hoium and Jason Hall discuss why Las Vegas Sands…

Industry ・ 31 January 2023

Yogonet

Macau casinos see worst year on record after gaming revenue drops 51% in 2022

Macau casinos have posted their worst year since 2004 as China's strict Covid Zero policies wrought havoc on the gambling hub. The Gaming Inspection and Coordination Bureau said Sunday that gross gaming revenue in December fell 56% from a year earlier to 3.48 billion patacas ($433 million), slightly below the median estimate of a 57% decline.…

Finance ・ 04 January 2023

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Reuters

Analysis: Macau casinos deal themselves a tough hand with big non-gaming investment pledges

New casino licenses with shorter contracts took effect Jan. 1 Operators suffered worst year on record in 2022 amid COVID-19 Challenges include diversifying from core gaming, labour shortages HONG KONG, Jan 3 (Reuters) - (This Jan. 2 story has been refiled to correct Melco's name and stock symbol in the second paragraph) As casinos in Macau begin…

Finance ・ 04 January 2023

GGRAsia

40pct fewer Macau satellite casinos by Jan 1: govt

Macau is to have 11 so-called satellite casinos that will continue to operate under the new 10-year gaming concessions starting from January 1, 2023, compared to 18 satellite casinos that were in the market as of June-end this year, a decrease of 38.9 percent. The information was given by André Cheong Weng Chon (pictured second right), Secretary…

Travel ・ 31 December 2022

Markets Insider

Why Are Casino Stocks WYNN, LVS Up Today?

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Casino stocks are rallying higher on Tuesday on hopes that China will continue relaxing its Covid-19 policies. Those restrictive policies kept a tight lid on local economies and drew the ire of its citizens. Now, investors are looking at potential upside in the country. Wynn…

Finance ・ 28 December 2022

Market Watch

Casino Shares Rise as China Eases Border Restrictions

Shares of casino companies with properties in Macau were trading higher Tuesday, following news that China would ease Covid-related border restrictions on international travelers. At 1:41 p.m. ET, the American depositary receipts of Melco Resorts & Entertainment Ltd. were up 7.8% at $12.04. The ADRs are up about 18% for the year.

Travel ・ 27 December 2022

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Macau Casinos Pledge to Invest $15 Billion

Macau's six casino operators pledged to invest nearly $15 billion as part of new 10-year contracts they signed to operate in the world's biggest gambling hub, with the spending on non-gaming activities to exceed gaming spend by more than 10 times. The signing of the contracts eases fears of investors and executives after a lengthy bidding process…

Travel ・ 21 December 2022

Yogonet

Melco unveils details of recently obtained Macau license, 10-year investment plan

Melco Resorts & Entertainment hasannounced details of the ten-year concession it has been awarded to operate casino gaming in Macau. The new concession, signed Friday, runs for a period from December 31 until January 1, 2023. Under the new concession, the company is authorized to operate the Altira Casino, City of Dreams, and Studio City as well as…

Land-based ・ 20 December 2022

Markets Insider

Macau Casinos Have Secured Gaming Licence Renewals but at a Hefty Cost

Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Casinos in Macau, also known as the Las Vegas of Asia, are starting their end of the year celebrations early this year - their casino licenses have just been renewed after a months-long agonizing wait, easing investor fears about the future of the…

Covid ・ 19 December 2022

World Casino News

Six Macau casino operators receive official gaming licenses from the Macau government

Today, six incumbent casino operators in Macau signed a productive 10-year gaming contracts with the Macau government and received gaming licenses to operate in the world's largest gambling city. Signing by rank: Six casino operators signed the contract according to their rank in the recent tender process: MGM Grand Paradise, Galaxy…

Industry ・ 17 December 2022

Vegas Slots Online

Macau Casinos to Invest $15bn Into Non-Gambling Areas

Macau casinos will invest $15bn mostly towards non-gambling interests over the next decade. [Image: Shutterstock.com] Six Macau casinos will invest $15bn predominantly towards non-gambling activities over the next ten years as part of their new license agreements. part of the new license agreements the casinos signed last month The non-gaming…

Travel ・ 17 December 2022

Review Journal

Las Vegas Sands, Wynn Resorts, MGM Resorts named Macao’s gaming concession winners

Three Las Vegas-based companies got a welcome boost Saturday when the Macao government announced they had been granted provisional approval to continue operating casinos in the Chinese enclave for the next 10 years. Macao's special administrative region government announced Saturday that MGM Resorts, Las Vegas Sands, Wynn Resorts along with three…

Travel ・ 13 December 2022

iGaming Business

Macau misses casino concession jackpot

Macau's decision to keep its same six casino operators, rejecting Genting Malaysia's bid, comes as no surprise. Equally unsurprising, this concession re-tendering process is another squandered opportunity for the world's once and future leading casino hub. Macau has made stunning progress since the first concession awards in 2002. Breaking a losing…

Industry ・ 06 December 2022

Yogonet

Macau: Suspicious Transaction Reports from casino operators down by 15% year-to-date

According to local media reports, the number of Suspicious Transaction Reports (STRs) in Macau has seen a 13.4% year-over-year decrease to 1677 in the first nine months of 2022. According to a report from the Financial Intelligence Office, STRs proceeding from casino operators fell by 15.5% year-over-year to 866 during the period from January to…

Industry ・ 30 November 2022

The Motley Fool

Casino Stocks Got Good News, but Investors Remain Wary

The stock market started the week on the wrong foot, as investors focused on threats to the health of the global economy in key areas like China. The Dow Jones Industrial Average ( ^DJI -1.45%), Nasdaq Composite ( ^IXIC), and S&P 500 ( ^GSPC -1.54%) all dropped about 1.5%, giving up a portion of their November gains. Casino stocks have been hit…

Finance ・ 29 November 2022

The Wall Street Journal

Six Macau Casino Operators Win New 10-Year Licenses

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed byour Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contactDow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https Cotai Strip earlier this year. Six casino operators in…

Travel ・ 26 November 2022

Seeking Alpha

Searching for green shoots with Macau casino stocks (OTCMKTS:WYNMF)

The painfully slow recovery in Macau may have taken another step forward after Macau daily revenue for the week ending November 13 was reported to be 37% higher than the first six days of November. The relative jump in Macau gross gaming revenue was likely tied to mass testing for COVID ended in Macau on November 5, according to Jefferies analyst…

Finance ・ 14 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

Minimum mandated marks established in Macau

As part of new casino concessionaire licensing legislation and the government of Macau has reportedly set minimum gross slot and gaming table revenue requirements in hopes of being able to better guarantee its annual tax receipts. According to a Friday report from Inside Asian Gaming, the move detailed by the Chief Executive for the former…

Travel ・ 31 October 2022

Malysiakini

Genting makes surprise bid for Macau gambling license

Macau's government opened bids today from seven companies, including a wildcard from Malaysian operator Genting, for licenses to operate casinos in the world's biggest gambling hub, kicking off a closely watched battle for six available slots. Macau's top officials including the city's Economy and Finance secretary Lei Wai Nong and Secretary for…

Law ・ 16 October 2022

Seeking Alpha

Macau Casinos: Time To Place Your Bets

It used to be the world's biggest. It was so massive, and the second place was much so smaller in comparison that we can't even call them peer competitors. The gambling revenue of Macau was six times that of Las Vegas as of 2019. Then, COVID-19 happened, and Macau's gambling revenue fell nearly 80% over the next 2 years. Today, Macau's pandemic…

Travel ・ 03 October 2022

Vegas Slots Online

Genting Has “Strong Chance” for Macau Casino License

Global gambling operator Genting Group was a surprise entry into the bidding war for a Macau casino license two weeks ago. Now, recent reports from Asia-facing analysts and executives suggest the firm has a strong chance of wresting a license from one of Macau's big six operators. encouraged to come in" According to a Reuters report on Thursday,…

Travel ・ 30 September 2022

GGRAsia

SJM satellites Ponte 16, Kam Pek to continue ops to Dec

Success Universe Group Ltd, an investor and promoter in Macau casino hotel Ponte 16, has agreed with casino operator SJM Holdings Ltd to extend the provision of gaming services at the property until the end of this year. The information was confirmed to GGRAsia by Success Universe's deputy chairman and executive director, Hoffman Ma Ho Man. Casino…

Covid ・ 30 September 2022

Reuters

Analysis: Genting aims to upend Macau casino landscape in bidding war

HONG KONG, Sept 30 (Reuters) - Malaysian group Genting has emerged as a strong contender to unseat an incumbent Macau casino operator for a new license, analysts and executives say, unleashing possibly the biggest shakeup in the world's largest gambling hub in over two decades. Only six slots will be available for the seven applicants, Macau's…

Covid ・ 30 September 2022

Investor Place

Why Are Casino Stocks LVS, WYNN, MLCO Up Today?

Casino stocks are rising higher on Monday and they have China's easing Covid-19 restrictions to thank for the boost! China is planning to reduce restrictions in Macau, the world's gambling hub, starting in November. This will allow tour groups from Mainland China to visit the casinos in the area for the first time in almost three years. That will…

Finance ・ 26 September 2022

Bangkok Post

Macau casino bids include surprise

Malaysia's Genting challenges incumbents as licences up for renewal in world's top gambling hub People walk past Casino Lisboa in Macau. (Reuter File Photo) HONG KONG: The government of Macau opened bids on Friday from seven companies, including a wildcard from Malaysian operator Genting, for licences to operate casinos in the world's biggest…

Covid ・ 22 September 2022

Review Journal

Las Vegas Sands, Wynn Resorts, MGM among companies lining up for Macao license.

Seven gaming companies will vie for six operational licenses in Macao, but at least one analyst expects all of the competitors will end up getting a piece of the action. The government of Macao on Friday announced six existing concessionaires - Las Vegas Sands Corp., Wynn Resorts Ltd., MGM Resorts International, and Chinese operators SJM Resorts…

Travel ・ 20 September 2022

World Casino News

Unexpected runner enters the Macau casino licensing race

In Macau and a company linked to the boss of prominent Asian gambling operator Genting Malaysia Berhad has reportedly applied for one of the enclave's coming ten-year casino licenses. According to a report from Inside Asian Gaming, Macau is home to almost 40 casinos run by a sextuplet that encompasses MGM China Holdings Limited, Wynn Macau…

Law ・ 18 September 2022

Rappler

Gambling giant Macau opens bids from 7 casinos, Genting a wildcard

RESORTS WORLD. Signage of Genting Malaysiau2019s Resorts World is displayed at its casino, hotel, and entertainment park in Genting Highlands, Pahang, Malaysia, September 16, 2022. Hasnoor Hussain/Reuters All six incumbent Macau players submit bids, together with GMM Limited, a holding company of Genting Group chairman Sri Lim Kok Thay HONG KONG -…

Covid ・ 16 September 2022

WHTC

Gambling giant Macau opens bids from seven casinos, with one firm to lose

HONG KONG (Reuters) - Macau's government opens bids on Friday from seven companies, including a wildcard from Malaysian operator Genting, for licenses to operate casinos in the world's biggest gambling hub, kicking off a closely watched battle for six available slots. Macau's top officials including the city's Economy and Finance secretary, Lei Wai…

Covid ・ 16 September 2022

Bankrate

Investing In Casinos And Online Gambling: Key Things To Know

The casino industry has been hit by two major developments in the last few years, the advent of online gaming and the emergence of the COVID pandemic. Both created serious challenges for the industry, but the year 2022 has seen the industry bounce back after more than a year of subpar performance. Hospitality industries such as casinos suffered a…

Sports ・ 16 September 2022

Malay Mail

Gambling giant Macau opens bids from seven casinos, Genting a wildcard

HONG KONG, Sept 16 - Macau's government opened bids on Friday from seven companies, including a wildcard from Malaysian operator Genting, for licenses to operate casinos in the world's biggest gambling hub, kicking off a closely watched battle for six available slots. Macau's top officials including the city's Economy and Finance secretary Lei Wai…

Covid ・ 16 September 2022

Bollyinside

Macau's gambling giant opens offers at seven casinos and one company may lose

HONG KONG, Sept. 16 (Reuters) - The Macao government opens offers from seven companies on Friday, including a wildcard from Malaysian operator Genting, for casino licenses at the world's largest gambling center, kicking off a closely watched battle over six available slot machines. Macao's top officials, including Lei Wai Nong's city's economic and…

Covid ・ 16 September 2022

Markets Insider

The Future of Macau, Asia's Las Vegas, Hangs in the Balance

With gaming revenues six times that of the Las Vegas Strip, it's not hard to see why Macau is often called the "Las Vegas of Asia." The tiny island in the South China Sea known for its glitzy casinos and shopping malls. Macau's GDP in 2019 stood at $55.19 billion, of which $36 billion came from gaming revenues. The GDP starkly dropped to $29.91…

Travel ・ 14 September 2022

World Casino News

Macau licensing move for Wynn Macau Limited

Asian casino operator Wynn Macau Limited has reportedly applied for a new ten-year license that would give it official permission to continue offering gambling entertainment at its pair of Macau properties until the end of 2033. According to a report from Inside Asian Gaming, the firm majority-owned by American casino operator Wynn Resorts…

Law ・ 14 September 2022

Vegas Slots Online

Wynn Announces New Macau Casino License Application

Wynn Macau is the first casino operator to announce that it has submitted an application for a new operating license in the Special Administrative Region. It revealed on Tuesday that it has given its tender to the government in Macau. deadline for submitting a tender for a new license ends Wednesday Each of the six existing casino license holders…

Covid ・ 13 September 2022

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Reuters

Macau sets first formal cap on casino tables, income amid bidding war

HONG KONG, Aug 26 (Reuters) - Macau has fixed a limit of 6000 gaming tables and 12000 gaming machines for new casino operators early next year, as well as minimum income levels for each operator, the government in the world's biggest gambling hub said on Friday. It is the first time authorities have set a formal cap on the numbers of tables and a…

Covid ・ 26 August 2022

Yogonet

Macau Gov. to limit numbers of gaming tables and machines for new licensees; set minimum income levels

Macau's government announced Friday it has fixed a limit of 6000 gaming tables and 12000 gaming machines for new casino operators, set to enter into force early next year, along with minimum income levelsfor each one of them. This marks the first time authorities have set a formal cap on the number of tables and minimum income requirement,…

Land-based ・ 26 August 2022

Yogonet

Macau's casino losses exceed $2B mark in H1 as they await bidding process; recovery not expected until 2023

The struggle for Macau's casinos seems far from over. Macau's 41 casino operators reported half-year losses of $2 billion, and total gaming revenue came in at $3.3 billion. The latest numbers come as the city struggles to recover from its largest Covid outbreak, which saw the lock-down of casinos for two weeks, and as virus restrictions from the…

Covid ・ 24 August 2022

Gambling News

The Crown Sydney VIP Casino Finally Opens Doors

After considerable difficulties and a major corporate makeover on August 8 Crown Resorts is finally opening its VIP casino at its AUD 2.2 billion ($1.6 billion) integrated casino resort the Crown Sydney, which was opened and commenced operations back in December 2020. The company faced delays in opening the casino not least because of…

Gaming Authorities ・ 08 August 2022

Today

Top gaming hub Macau invites casino license bids from July 29

HONG KONG:Macau's government said on Thursday global gaming operators can submit bids for new licenses from July 29 until Sept. 14, kicking off a highly anticipated process to secure a spot in the world's biggest casino hub. The licenses of the six current operators Sands China, Wynn Macau, MGM China, Galaxy Entertainment, SJM Holdings and Melco…

Covid ・ 28 July 2022

The Motley Fool

Macao's Casino Stocks May Never Recover From COVID-19

Entertainment venues in the U.S. have opened and are running full speed ahead, with very few exceptions. The COVID-19 pandemic has certainly impacted business, but we don't see lockdowns and restrictions that bring entire operations to a screeching halt anymore. The same can't be said for China and Macao, where lockdowns are still a regular…

Covid ・ 28 July 2022

The Tide News Online

Five Biggest Casinos In The World

Casinos are a staple of the modern entertainment industry, and no matter where you reside, there are chances of a casino located within driving distance of you - try Chilli Heat slot free play online. Some places are known for their mega-casinos with non-stop gambling and entertainment. Our experts took a look at the casinos from Nevada to…

Travel ・ 25 July 2022

Gambling News

Crown Sydney Opens as Regulator Granted Provisional Casino License

The long-awaited launch of Crown Resorts' luxury casino at the Crown Sydney is finally about to happen. Australia's first and only VIP casino will officially open and commence operations on August 8, 2022. The Crown Sydney announced the opening date for its luxury casino venue at its skyscraper hotel in Barangaroo after it was finally granted a…

Gaming Authorities ・ 25 July 2022

Seeking Alpha

Las Vegas Sands Has A Macau And Convention Revenue Problem (NYSE:LVS)

Macau casino stocks are a rough place to have cash, now that lockdowns akin to the 2020 ones are being reinstituted as part of China's zero-COVID effort. Market declines are pricing in about 250 days of lockdown in Macau for big player Las Vegas Sands (NYSE: LVS) which might be excessive. New cash proceeds from the Las Vegas sales help out the debt…

Finance ・ 18 July 2022

World Casino News

Coronavirus consternation for Macau casinos

The large collection of casinos in the Asian city of Macau reportedly saw their aggregated gross gaming revenues for June plummet by over 62% year-on-year to hit a 21-month low of just over $306.47 million. According to a Friday report from Inside Asian Gaming citing official information from the enclave's Gaming Inspection and Coordination Bureau…

Covid ・ 06 July 2022

Barron's

Here's What Could Drive Las Vegas Sands and Other Macau Casino Stocks Higher

It used to be that in Macau, two pips on a pair of dice-snake eyes-were the most unwelcome sight. Now it's two lines on a Covid-19 test. Indeed, the most recent outbreak of the virus on the island has Citigroup forecasting that a broader reopening won't begin until the first quarter of 2023. Yet that doesn't mean the casino stocks aren't a buy…

Finance ・ 05 July 2022

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Casino and Gaming Market SWOT Analysis including key players Caesars Entertainment, Galaxy Entertainment, Las Vegas Sands

Latest report on the global Casino and Gaming market suggests a positive growth rate in the coming years. Analysts have studied the historical data and compared it with the current market scenario to determine the trajectory this market will take in the coming years. The investigative approach taken to understand the various aspects of the market…

Industry ・ 05 July 2022

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Caesars Entertainment, Galaxy Entertainment

A new research study from JCMR with title Global Casino and Gaming Market Research Report 2022 provides an in-depth assessment of the Casino and Gaming including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies & strategies. The research study provides forecasts for Casino and Gaminginvestments till…

05 July 2022

Markets Insider

Casino Stocks WYNN, LVS, MGM, MLCO Gain on Easing Covid-19 Restrictions

China is finally starting to lift its lockdown protocols. According to Bloomberg, the country is now "reporting the lowest number of new cases since early February." On top of that, the nation is reducing the required quarantine time for international travelers. This means that the Chinese economy is clear to start making up lost ground. For the…

Covid ・ 28 June 2022

Gambling News

Macau Casino Stocks Fall as COVID Cases Boom

The biggest COVID outbreak to date in Macau, which means new restrictions, social distancing, and a huge amount of testing, resulted in falling casino stocks on June 20. The cases are not that many, amounting to a total of 36, and the casinos are still open but the closure of public services, parks, schools, and many businesses has prompted…

Covid ・ 21 June 2022

Seeking Alpha

Macau rocked by local COVID cases which threaten casino traffic

Macau casino stocks fell in Hong Kong after the gambling region saw its first COVID-19 outbreak in eight months. The city reported 21 preliminary-positive cases in the local community as of Sunday evening. Schools and non-essential businesses were shut down until at least Tuesday to allow time for mass testing of all residents. Arrivals to Macau…

Covid ・ 20 June 2022

Seeking Alpha

New Macau gaming bill advances to final vote

Bank of America said the final version of the gaming law passed by the Macau Legislative Assembly reflected the amendments that have been revealed in the past couple months and were in-line with expectations. The amendment bill allows for six new concessions, with a maximum term of 10 years and three-year extension possible under certain…

Travel ・ 17 June 2022

Reuters

Macau to sign off on 6-month casino operator licence extensions -media

HONG KONG, June 15 (Reuters) - Macau's government will formally sign a six-month licence extension for casino operators in the world's largest gambling hub on June 23, local broadcaster TDM reported on Wednesday, an expected move ahead of licence expirations due this month. The extension, to Dec. 31, allows more time for a highly anticipated…

Travel ・ 15 June 2022

iNtergame

Run-in to new Macau gambling laws

The current operators in Macau will see their licences expire this year and the new regulations will lay down the formula for the future of gambling in the territory. The number of new licences will be capped at six - the current holders are Wynn Macau, Sands China, MGM China, SJM Holdings, Galaxy Entertainment and Melco Resorts. The proposals…

Law ・ 14 June 2022

Seeking Alpha

Macau casinos stocks retreat as rising COVID cases tarnish reopening hopes

Macau casino stocks saw selling pressure again on Monday after a flareup of COVID cases in China led to officials in Beijing and Shanghai ramping up testing policies again. While the number of COVID case in the nation is still only in the hundreds, there is no clear indication that the government will back off from a zero-tolerance policy anytime…

Covid ・ 13 June 2022

World Casino News

Macau ‘satellite’ casinos facing an uncertain future

In Macau and Economy and Finance Secretary Lei Wai Nong (pictured) has reportedly announced that some local'satellite' casino enterprises have officially applied for permission to'adjust their operations' in anticipation of coming regulatory changes. According to a report from Inside Asian Gaming, the legislator declared that a'small number' of…

Travel ・ 08 June 2022

Asgam

Dynamic Dash” at City of Dreams Macau and Mocha Clubs

Macau-based electronic gaming machine distributor Asia Pioneer Entertainment Holdings Limited (APE) says it has installed Konami's "All Aboard - Dynamic Dash" slot machine on the gaming floors of Melco Resorts & Entertainment's City of Dreams Macau and Mocha Clubs. "All Aboard - Dynamic Dash" has already proven successful in the Australia and North…

Winnings ・ 08 June 2022

World Casino News

Annual aggregated gross gaming revenues rethink in Macau

In Macau and the government of Chief Executive Ho Iat Seng (pictured) has reportedly announced that it will be officially lowering the enclave's predicted aggregated gross gaming revenue tally for the entirety of 2022. According to a report from Inside Asian Gaming, the former Portuguese territory had earlier forecast that its aggregated gross…

Finance ・ 06 June 2022

AGB - Asia Gaming Brief

Your Daily Asia Gaming eBrief: Central Asia regulating gambling harm prevention

Good Morning. In today's Deep Dive, Ilya Machavariani and Ivan Kurochkin, partners with consultancy firm 4H, take us through some of the latest developments in Central Asia. Two years ago, Kazakhstan took a retrograde step by introducing more restrictive legislation in what has the potential to be one of the most dynamic markets in the region. The…

Gambling Addiction ・ 06 June 2022

World Casino News

Arrears warning for Macau gambling market

Global brokerage and investments firm Morgan Stanley has reportedly warned that the combined debt of the six licensed casino operators in Macau could exceed $25 billion by the end of the year owing to China's ongoing strict travel restrictions. According to a report from Inside Asian Gaming, the New York-headquartered financial services giant also…

Industry ・ 24 May 2022

AGB - Asia Gaming Brief

Your Daily Asia Gaming eBrief: Skill-based slots will take over… in time

Good Morning. AGB's recent article on "where did skill-based slots go?" was well received, though more than a few questions were raised that needed answers. In today's Face-to-Face interview, AGB editor Felix Ng speaks to Michael Darley, CEO of skill-based slots supplier Next Gaming about what happened to skill-based slots during the pandemic, and…

Covid ・ 20 May 2022

Yogonet

Macau officials exploring tax cut, relaxed "satellite casinos" requirements in new gaming law draft

Macau is considering the introduction of a tax cut and revised conditions for "satellite casinos" as the city's gaming industry -the world's largest gambling hub in pre-pandemic years- continues to struggle amid the ongoing impact of Covid-19. The possibility comes as casino revenue plunged to an 18-month low in April. According to Bloomberg, the…

Finance ・ 17 May 2022

World Casino News

Macau’s draft gaming bill is taking shape

In Macau and legislators are reportedly preparing to chuck out a provision within the under-consideration draft gaming bill that would prevent anyone with more than a 5% shareholding in a local casino operator from investing with any rival firm. According to a report from GGRAsia, this possible concession was revealed by local legislator Chan Chak…

Travel ・ 17 May 2022

World Casino News

Tax reduction possibility for Macau casino firms

American investment bank JPMorgan Chase and Company has reportedly forecast that the over 40 casinos in Macau could boost their earnings by up to 15% a year should the local government decide to decrease the rate of its gross gaming revenues tax. According to a report from GGRAsia, this estimate comes as the enclave's Legislative Assembly is…

Finance ・ 16 May 2022

Seeking Alpha

Las Vegas Sands, Casino stocks surge as Shanghai looks set to end lockdowns (NASDAQ:WYNN)

Casino stocks led the S&P higher on Friday as news of a potential end to lockdowns in China sent gaming stocks skyward. Per the Associated Press, officials in Shanghai are considering a reopening "in a few days" as case numbers fall. The nation's most populous city is seen as a key bellwether for the country's Zero-COVID policy, therefore holding…

Covid ・ 13 May 2022

World Casino News

Macau casinos experienced an April slump

The over 40 casinos in Macau reportedly saw their aggregated gross gaming revenues for April decline by over 68% year-on-year to hit a 19-month low of just over $331.19 million. According to a report from GGRAsia citing official information from the enclave's Gaming Inspection and Coordination Bureau regulator, the disappointing result equated to a…

Travel ・ 02 May 2022

Seeking Alpha

Macau casino revenue plunges to 18-month low

Gross gaming revenue in Macau fell 68% year-over-year during April to 2.68B patacas ($331M), which marked the lowest tally for the gambling region in 18 months and fell short of the expectation of analysts. Revenue fell 27% in April from the level recorded in March and was 89% off from the pre-pandemic level of April of 2019. COVID restrictions in…

Finance ・ 02 May 2022

Seeking Alpha

Macau casino stocks are falling again as COVID restrictions pick up

Macau casino stocks moved lower after developments in China over the weekend increased concerns that the COVID disruption will extend. Beijing is now a region of increased focus with authorities in the capital sealing off entrancing of public housing blocks and closing off entire streets with wire mesh fences, according to Reuters. Meanwhile, the…

Covid ・ 25 April 2022

GGRAsia

Macau GGR targets hurt ops with low-yield assets: broker

The Macau government's proposed minimum annual target of casino gross gaming revenue (GGR) per table and per gaming machine could result in operators with low-yielding gaming assets bearing in practice a levy on doing business that is higher even than the 39 percent effective tax rate on GGR, says a report from China International Capital Corp Hong…

Industry ・ 19 April 2022

Seeking Alpha

Macau casino stocks could be impacted by new COVID deaths in Shanghai

Macau casino stocks are on watch again this week with investors looking to see how far the zero-tolerance policy in China can extend. The government in Shanghai has reportedly set a new target of zero cases at the community level by April 20, which means no new cases outside of quarantined zones. That may be a tough standard after 23643 new local…

Covid ・ 18 April 2022

The Motley Fool

Why (Some) Gambling Stocks Are a Great Buy Right Now

The gambling market can be a lucrative business if you place your bets right. For most of the last decade, the best investments were in Macao's casinos, which were some of the most profitable in the world. But the pandemic has changed the gambling business in ways that could be permanent. Online gambling is here to stay, Macao has yet to make a…

Travel ・ 07 April 2022

Macau Business

Satellite casinos ‘fraught with opacity and undesirable business practices’, expected law changes necessary

Macau satellite casinos are "fraught with opacity and undesirable business practices" and the closure of the sector's regulatory loophole" in the future amended gaming law will provide more "transparency, legal certainty, and full oversight of the city's gaming industry", a gaming researcher from the Macao Polytechnic University states in a new…

Covid ・ 06 April 2022

Vegas Slots Online

Why Are Macau Casinos Struggling in Pandemic Recovery?

Commenting in August 2020, analysts from investment bank JP Morgan predicted that the Macau gambling market would begin its road to recovery from the COVID-19 pandemic in mid-August that year. They estimated that casinos would recuperate 2019 levels of gross gaming revenue (GGR) by Q32021, pointing to the easing of travel restrictions and an…

Covid ・ 03 April 2022

Seeking Alpha

Macau casino revenue slumps to 18-month low

Macau gross gaming revenue fell 56% in March to 3.67B patacas ($455M) to slightly trail the consensus estimate for a 55% decrease. Ongoing COVID restrictions and concerns held back traffic during the month. Gross gaming revenue was down 54% in March from the level seen in February with the lockdowns in Zhuhai and Shenzhen a major factor. The…

Finance ・ 01 April 2022

Gambling News

Macau Casino Concessionaires Pay $5.83M to Extend Licenses

Macau is agog as the special administrative region is working hard to re-regulate its gambling industry and create new mint conditions for concessionaires to operate in. This begins with the extension of existing licenses, set to expire on June 26, through the end of the year. However, Macau is offering each concessionaire the opportunity to expand…

Travel ・ 29 March 2022

World Casino News

Commitment concerns for Macau casino operators

The combined net debt of the six licensed casino operators in Macau has reportedly quadrupled since the start of the coronavirus pandemic in late-2019 to currently stand at more than $20 billion. According to a report from Inside Asian Gaming, this potentially worrying news was unveiled by global brokerage and investments firm Morgan Stanley…

Travel ・ 17 March 2022

World Casino News

Static situation for Macau casino firms

The six licensed land-based casino operators in Macau are to reportedly not be asked to pay any more tax under the provisions of the draft gaming bill currently being considered by legislators. According to a report from Asia Gaming Brief, this revelation came from local legislator Andrew Chan Chak Mo during a Tuesday briefing that was also…

Travel ・ 17 March 2022

The Motley Fool

Why Casino Stocks Jumped Today

casino stocks had a great day on Wednesday with a number of companies jumping double digits. There was some earnings to report, but there are also market tailwinds with the S&P 500 trading 1.1% higher and the Nasdaq Composite up 2.5% today. As highly volatile stocks, it's not a shock that casino stocks are amplifying those gains today. MGM Resorts…

Finance ・ 16 March 2022

Markets Insider

4 Reasons Macau Casino Stocks Are Tanking

Macau casino stocks have taken a beating so far in 2022, but the selling pressure has intensified in recent days. On Tuesday, Bank of America analyst Shaun Kelley highlighted at least four reasons investors are dumping Macau stocks. Reasons For The Sell-Off: For the past year, Kelley has repeatedly discussed the "three C's" weighing on Macau…

Finance ・ 15 March 2022

World Casino News

Macau casino firms experience second share slump

For the second consecutive weekend and the aggregated value of shares in the six-strong club of licensed Macau casino operators has reportedly dropped significantly owing to a number of factors including the ongoing presence of coronavirus. According to a report from Inside Asian Gaming, the combined market cap of the Hong Kong-listed sextuplet…

Covid ・ 15 March 2022

Gambling Insider

Casino of the year

Gambling Insider is pleased to announce this year's selection of competitors for the returning Casino of the year Award. The time has come. Following the suspension of this prestigious Award last year, due to land-based casinos being hit particularly hard during the Covid-19 pandemic. The rise of the Casino is once more! So, hello there 2022, and…

Covid ・ 09 March 2022

Vegas Slots Online

Macau Extends Casino Operator Licenses Until December

The six casino companies currently operating in Macau have gotten six-month extensions to their licenses. Macau's Economy and Finance Secretary Lei Wai Nong announced the decision on Thursday. Each of the six licenses was due to expire on June 26. The new expiration date is December 31, allowing additional time to conduct a rebidding process. A…

Covid ・ 03 March 2022

Reuters

Macau government extends casino licences to December

HONG KONG, March 3 (Reuters) - Casino companies in Macau will have their licences extended by six months, public broadcaster TDM reported on Thursday, citing a city official, allowing more time for a highly anticipated rebidding process in the world's biggest casino hub. Economy and Finance Secretary Lei Wai Nong, speaking after a Legislative…

Travel ・ 03 March 2022

The Motley Fool

Why Macao's Casino Stocks Jumped Today

casino stocks with exposure to Macao made a sharp recovery on Wednesday as China and Macao mull changes to COVID-19 restrictions. We're not seeing a recovery in the region yet, but investors are speculating that a flood of gamblers is on the way in the near future. Melco Resorts (MLCO 9.16% ) jumped as much as 16.4%, Las Vegas Sands (LVS 10.17% )…

Finance ・ 03 March 2022

GGRAsia

Philippines 4Q casino GGR up 22pct q-o-q to US$555mln

The Philippine casino sector produced gross gaming revenue (GGR) of just above PHP28.54 billion (US$555.2 million) in the three months to December 31, up by 21.7 percent from the third quarter. The figure excludes revenue from bingo operations and from electronic games parlours. The latest data took the casino GGR tally industry-wide for full-year…

Travel ・ 02 March 2022