News

MGM China Sees Positive Cash Flow and Enhanced Leverage Metrics

Aug 04 2025 Posted by Wizard

MGM China Holdings Ltd, a prominent casino operator in Macau, has demonstrated a resilient financial performance in the second quarter of 2023.

Historic Closure of Casino Grandview in Macau's Taipa District

Aug 01 2025 Posted by Wizard

The curtains have closed on an iconic chapter of Macau's gambling history with the formal cessation of casino operations at Casino Grandview,...

Success Universe Secures Funding for Ponte 16 Amid Changes

Jul 30 2025 Posted by Wizard

Hong Kong-listed Success Universe Group Ltd has announced substantial financial backing for its Macau investment, Ponte 16.

SJM's $101M Move: New Three-Star Hotel in Hengqin

Jul 29 2025 Posted by Wizard

In a significant move, Macau-based casino operator SJM Holdings Ltd has announced an investment of CNY724-million (approximately US$100.

Mainland Visitors to Macau Show Recovery Trends, Trail Pre-COVID

Jul 28 2025 Posted by Wizard

Macau experienced a significant uptick in visitors from the adjoining Guangdong province during the first half of this year, marking a notable...

Hong Kong's iRad Recruiting for Studio City Medical Center

Jul 24 2025 Posted by Wizard

Hong Kong's medical diagnostic heavyweight, iRad, is gearing up for the launch of its eagerly anticipated medical centre, soon to open at the Cotai...

Macau GGR Projected to Climb 9% in 2024's Second Half

Jul 23 2025 Posted by Wizard

In an optimistic forecast for Macau's casino industry's future, Seaport Research Partners has projected an impressive 9 percent growth in gross...

Sands China's New Jackpot Arrangement to Enhance Hold Rates

Jul 22 2025 Posted by Wizard

Sands China Ltd, a prominent casino operator in Macau, is poised to potentially increase its gaming volumes and hold rates with the introduction of...

Macau Resorts to Feature Day Hospitals Amid Legal Reforms

Jul 18 2025 Posted by Wizard

The Macau government has put forward progressive plans to integrate day hospitals within the city's "commercial venues, resorts, and hotels".

Macau's Gaming Revenue Sees Strong Growth in Q2 2025

Jul 17 2025 Posted by Wizard

Macau, the thriving heart of Asia’s gambling scene, has recorded an impressive increase in its VIP baccarat gross gaming revenue (GGR) for the...

Macau Casino Shareholder Returns Lag Despite High Board Pay

Jul 16 2025 Posted by Wizard

A recent analysis by brokerage CLSA Ltd has cast a spotlight on the financial dynamics within Macau’s gaming industry, particularly concerning...

Macau Projects 110,000 Daily Visitors Amid Tourism Revival

Jul 15 2025 Posted by Wizard

In an optimistic forecast, Macau is preparing to welcome an average of 110,000 visitors daily throughout the months of July and August.

Gaming Crime Surge in Macau Linked to Unlicensed Money Exchange

Jul 14 2025 Posted by Wizard

In the first five months of the current year, Macau has witnessed a significant uptick in gaming-related criminal activities, as observed by the...

Capella at Galaxy Macau: Bookings Open from September 23

Jul 11 2025 Posted by Wizard

Capella at Galaxy Macau, a premier hotel within the Galaxy Macau resort complex in Cotai, is gearing up to welcome guests from the general public...

Macau Adjusts 2025 Gaming Income Forecast Amid Economic Shift

Jul 10 2025 Posted by Wizard

Macau has revised its expectations for the revenue it anticipates collecting from the direct tax on gross gaming revenue (GGR) for the year 2025.

Macau Visitors Reach 20 Million, 57% of 2024 Total by July

Jul 09 2025 Posted by Wizard

As of 11am on July 8, 2025, Macau's bustling tourism sector achieved a significant milestone, welcoming a staggering 20 million visitors.

Citigroup Revises Macau Casino Revenue Outlook for July

Jul 08 2025 Posted by Wizard

Banking group Citigroup has adjusted its outlook for Macau's July casino gross gaming revenue (GGR), cautiously raising its forecast by 2.

CLSA Increases Macau 2025 GGR Forecast on New Hotels

Jul 07 2025 Posted by Wizard

Brokerage CLSA Ltd has significantly increased its forecast for Macau’s casino gross gaming revenue (GGR) in 2025, anticipating a robust 7.

Macau GGR Sustainability Hinges on China's Economy

Jul 04 2025 Posted by Wizard

CBRE Capital Advisors Inc has expressed its views regarding the future growth trajectory of Macau's casino gross gaming revenue (GGR), highlighting...

Macau Casino Revenue Increases by 19% Year-on-Year in June

Jul 02 2025 Posted by Wizard

In June, Macau witnessed a significant upturn in its casino sector, with the gross gaming revenue (GGR) reflecting a notable increase.