News

Drop in Macau Luxury Hotel Rates Amid High Occupancy

Oct 08 2025 Posted by Wizard

In the first eight months of this year, the average cost for a night in a five-star hotel in Macau was recorded as MOP1,517.7 (US$189.3).

Macau Casinos Report High Baccarat Popularity During Holiday

Oct 07 2025 Posted by Wizard

The bustling casino floors on the Macau peninsula experienced a surge in live-dealer baccarat table bets, with wagers of HKD1,000 (approximately...

Macau Casino Revenue Expected to Grow by 8.4% in 2025

Oct 06 2025 Posted by Wizard

Macau's casino gross gaming revenue (GGR) hit MOP18.29 billion (US$2.28 billion) in September.

Macau Casino Earnings Surge Amid 33-Hour Shutdown

Oct 02 2025 Posted by Wizard

In September, Macau’s casino sector saw a 6 percent year-on-year increase in gross gaming revenue (GGR), reaching approximately MOP18.

Byron Yip Named Executive VP of Strategy at Sands China

Oct 01 2025 Posted by Wizard

Sands China Ltd, a prominent casino operator in Macau, has officially announced the appointment of Byron Yip as the executive vice president of...

Macau Affirms 2025 Visitor Forecast of 39 Million Amid Visa Easing

Sep 30 2025 Posted by Wizard

Macau’s tourism sector remains confident about reaching its ambitious target of 39 million visitor arrivals for the full year of 2025, as stated by.

LVS CEO Robert Goldstein in Vital US-China Business Meeting

Sep 29 2025 Posted by Wizard

Robert Goldstein, the chairman and chief executive officer of Las Vegas Sands Corp (LVS), the parent company of Macau casino operator Sands China...

SJM Holdings Plans $141 Million Yuan-Denominated Bonds Issuance

Sep 25 2025 Posted by Wizard

SJM Holdings Ltd, a prominent name in the Macau casino industry, is exploring the possibility of launching offshore bonds denominated in yuan,...

Closure of Grand Dragon Casino in Macau Confirmed by Regulator

Sep 24 2025 Posted by Wizard

Macau's Gaming Inspection and Coordination Bureau has affirmed that Grand Dragon Casino, located in Taipa, officially stopped its operations on a...

Macau Welcomes Record Visitor Numbers in August

Sep 22 2025 Posted by Wizard

In a remarkable achievement for Macau's tourism industry, the region witnessed an unprecedented influx of visitors this August, with the total...

Macau Gaming Surplus Grows Amid Rising Costs in 2024

Sep 18 2025 Posted by Wizard

In 2024, Macau's gaming industry saw a significant increase in gross surplus before taxes, climbing 24.7% from the previous year to reach MOP143.

Melco Resorts Finance Eyes New Notes and Tender Offer

Sep 17 2025 Posted by Wizard

Melco Resorts Finance Ltd, a fully-owned division of Melco Resorts & Entertainment Ltd, took a significant step on Monday by revealing its agenda to..

Macau Intensifies Fight Against Illegal Forex with New Legislation

Sep 16 2025 Posted by Wizard

Since the criminalisation of unauthorized foreign exchange for gambling in Macau, the authorities have apprehended 597 individuals between the law's..

SJM Holdings Faces Fitch Ratings Downgrade Amid Cash Flow Woes

Sep 15 2025 Posted by Wizard

Fitch Ratings Inc has recently adjusted its economic expectations for SJM Holdings Ltd, indicating a potential increase in the company's EBITDA...

Macau Casino Revenue Forecast Reaches New Heights for 2025

Sep 10 2025 Posted by Wizard

The latest projections by Citigroup suggest a promising year ahead for Macau's casino industry, with Gross Gaming Revenue (GGR) expected to soar to...

Macau's Casino Revenue Climbs Driven by Strengthening Yuan

Sep 05 2025 Posted by Wizard

Macau’s casino industry continues to ride a wave of "robust momentum" in gross gaming revenue (GGR) into the third quarter of 2025, with prospects..

Macau September Casino Revenue Forecast to Rise by 13%

Sep 03 2025 Posted by Wizard

September is projected to bring a significant boost to Macau's casino gross gaming revenue (GGR), with growth estimated at approximately 13% compared.

Sands China Launches Comprehensive Parental Leave Initiative

Sep 02 2025 Posted by Wizard

Macau's renowned casino operator, Sands China Ltd, has taken a significant step towards enhancing its support for employees with families by...

Asia Pioneer Rebounds with Strong Revenue Growth in 1H 2025

Aug 28 2025 Posted by Wizard

In an encouraging financial performance, Asia Pioneer Entertainment Holdings Ltd, listed on the Hong Kong stock exchange, has reported a significant..

Macau Casino Revenue Predicted to Surge Amid Strong Demand

Aug 27 2025 Posted by Wizard

During a field trip that coincided with a Monday, casino floors in Macau were observed to be notably busy, according to banking group Morgan Stanley.