Macau

Las Vegas Sands to boost ownership stake in Sands China unit

Las Vegas Sands to boost ownership stake in Sands China unit

Making a significant strategic move, NYSE-listed Las Vegas Sands Corporation has announced that it has plans to bolster its ownership stake in the Sands China unit, the gambling-friendly entity tha

Melco’s ‘Studio City’ launch set for Q1 2024 following record casino success

Melco’s ‘Studio City’ launch set for Q1 2024 following record casino success

Melco Resorts & Entertainment Limited has announced that its dazzling Macau complex, called Studio City, is set for launch in the first quarter (Q1) or early in the second quarter (Q2) of 2024,

Macau government limits number of casino operators' collaborations with junkets

Macau government limits number of casino operators' collaborations with junkets

The Macau government has confirmed that it is planning to limit the number of licensed gaming promoters or junkets that casino operators can collaborate with next year.

Macau’s mass GGR expected to return to pre-covid levels during October Golden Week

Macau’s mass GGR expected to return to pre-covid levels during October Golden Week

Macau’s gaming revenue is believed to be poised for a full rebound during the upcoming holiday season, October golden Week, surging to levels similar to those witnessed during the pre-pandemic 2019

Macau gaming industry grows 3.3% to collect MOP$17.21 billion in August 2023

Macau gaming industry grows 3.3% to collect MOP$17.21 billion in August 2023

Sustaining its growth, Macau’s casino industry pocketed MOP$17.21 billion (approximately US$2.1 billion) in gross gaming profits in the month of August 2023, up 3.3 per cent month-on-month.

Macau GGR is on track to fully recover in 2024: S&P Global Ratings

Macau GGR is on track to fully recover in 2024: S&P Global Ratings

After remaining in the doldrums during the last several years, Macau casino industry is finally on the right track to fully recover next year.

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