News

Macau Hotel Rates Decline Amid Expected Visitor Surge During CNY 2025

Jan 20 2025 Posted by Wizard

During the Chinese New Year (CNY) of 2025, a comprehensive survey conducted by Morgan Stanley suggests that Macau's hotel room rates will experience..

Visitor Surge in Macau: 38 Million Expected in 2025

Jan 17 2025 Posted by Wizard

Macau's tourism sector is poised for a remarkable rebound as visitor arrivals are projected to reach between 38 and 39 million in 2025.

Sands China Faces Revised Q4 Performance Amid Challenges

Jan 16 2025 Posted by Wizard

In light of ongoing market challenges, Deutsche Bank has adjusted its estimates for Sands China's performance for the fourth quarter of 2024.

Macau's Gaming Revenue Peaks Despite Economic Hurdles

Jan 16 2025 Posted by Wizard

In the face of significant macroeconomic challenges, the Macau gaming sector has showcased its resilience once again.

New Macau Ferry Service Establishes Link with Zhongshan

Jan 14 2025 Posted by Wizard

The ferry service linking Macau’s bustling Taipa Ferry Terminal and the city of Zhongshan in China's Guangdong province embarks on a new chapter as.

Rising Popularity of Premium Mass Gaming in Macau

Jan 13 2025 Posted by Wizard

In January 2025, Macau's premium mass gaming sector exhibited notable growth, as revealed by the latest survey from Citigroup.

Decline in Macau Casino Whales Amidst Early CNY

Jan 13 2025 Posted by Wizard

In January this year, Macau's casinos experienced a noted reduction in the number of high-stakes "whales"—a term used for players betting...

LET Group Faces Trading Suspension Due to Ongoing Issues

Jan 10 2025 Posted by Wizard

LET Group's shares on the Hong Kong Stock Exchange continue to be suspended while the company works to meet the necessary condi-tions to resume...

Macau Gaming Authority Appoints Lio Chi Chong as Acting Head

Jan 09 2025 Posted by Wizard

In a significant administrative move, Macau's Gaming Inspection and Coordination Bureau (DICJ), has promoted Lio Chi Chong to serve as the Acting...

SJM Resorts to Debut Ballet Show at Grand Lisboa Palace

Jan 08 2025 Posted by Wizard

SJM Resorts Ltd, the Macau operations branch of the Hong Kong-listed casino firm SJM Holdings Ltd, has announced the upcoming launch of a new...

Macau Casino Revenue Hits $2.28 Billion in December

Jan 03 2025 Posted by Wizard

Macau's gaming industry experienced a slight downturn in December 2024, with gross gaming revenue (GGR) reaching MOP18.20 billion ($2.28 billion).

Macau's 2025 Gaming Revenue May Exceed Expectations, Experts Say

Jan 03 2025 Posted by Wizard

Macau, often dubbed the 'Las Vegas of Asia,' continues to capture the world’s attention with its booming gaming industry.

Sands China Honors Excellence at 2024 Awards Ceremony

Dec 27 2024 Posted by Wizard

On November 29, 2024, Sands China held its prestigious 'Because We Care' Team Member Annual Awards Ceremony at The Londoner Macao.

SJM Resorts Announces Bonus for Majority of Employees

Dec 26 2024 Posted by Wizard

Macau-based gaming operator SJM Resorts recently made headlines with the announcement of a generous bonus for its employees.

Fitch Anticipates a Significant Debt Reduction for SJM Holdings

Dec 26 2024 Posted by Wizard

Fitch Ratings Inc has recently affirmed the long-term foreign-currency issuer default rating for Macau casino company SJM Holdings Ltd at “BB-,”..

Macau Reaches New Tourism Heights in November 2024

Dec 23 2024 Posted by Wizard

In November 2024, Macau witnessed a notable surge in tourism as visitor numbers reached an impressive 2.83 million.

Xi Jinping Stresses Need for Economic Diversification in Macau

Dec 20 2024 Posted by Wizard

During a recent visit to Macau, Chinese President Xi Jinping emphasized the pressing need for the region to pivot its economy away from a strong...

Mario Ho Envisions eSports Hotels Revolutionizing Macau

Dec 19 2024 Posted by Wizard

Recognizing the rapid evolution of the eSports industry, Mario Ho, a visionary from Macau, anticipates a significant shift in the region's...

Macau Targets Huge Increase in 2025 Junket Tax Revenue

Dec 19 2024 Posted by Wizard

The Macau government has projected a significant rise in the collection of taxes on junket commissions for the fiscal year 2025.

Citigroup Optimistic About Macau Casinos Amid Upcoming Events

Dec 16 2024 Posted by Wizard

Citigroup has expressed optimism following its December survey that highlights a surge in premium-mass players within Macau's casinos.