GGRAsia – Macau

Macau

MGM Cotai EBITDA to reach US$233mln in 2018: MS

Aug 21, 2017 Newsdesk Latest News, Macau, Top of the deck

Banking group Morgan Stanley forecasts the under-construction MGM Cotai casino resort (pictured), in Macau’s Cotai district, will achieve adjusted property earnings before interest, taxation,...

Macau visitor non-gaming spend up 17.5 pct in 2Q

Aug 18, 2017 Newsdesk Latest News, Macau, Top of the deck

The total spending – excluding gaming expenses – of visitors to Macau reached MOP13.75 billion (US$1.71 billion) in the second quarter of 2017, up by 17.5 percent compared to the prior-year...

MGS Summit to mull gaming role in Belt and Road

Aug 18, 2017 Newsdesk Industry Talk, Latest News, Macau

The conference portion of this year’s MGS Entertainment Show – known as the MGS Summit – will look at what role the casino industry might be able to play in China’s “Belt and Road”...

Wynn Macau declares 2017 interim dividend

Aug 17, 2017 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator Wynn Macau Ltd announced on Thursday an interim dividend of HKD0.21 (US$0.0268) per share. The firm said it expects to pay the dividend on September 15 to shareholders whose...

Unlikely Grand Lisboa Palace open in 2018: Bernstein

Aug 17, 2017 Newsdesk Latest News, Macau, Top of the deck

It is “very unlikely” that Macau casino operator SJM Holdings Ltd will be able to stick to its plan to open its new Cotai casino resort in the second half of 2018 – as pledged recently by its...

Junket investor Suncity launches player history app

Aug 17, 2017 Newsdesk Latest News, Macau, Top of the deck

Macau casino junket investor Suncity Group has launched a secure mobile phone application called “Sun Finance” that is said to allow the firm’s VIP gambling clients to keep track of their...

DB bullish on Wynn Resorts for Wynn Palace

Aug 16, 2017 Newsdesk Latest News, Macau, Top of the deck, World

The stock of U.S.-based casino operator Wynn Resorts Ltd has been upgraded to ‘buy’ from ‘hold’ by brokerage Deutsche Bank Securities Inc in a Tuesday note. Its analysts said factors...

Extra Macau hotel supply could see RevPAR slip: Nomura

Aug 16, 2017 Newsdesk Latest News, Macau, Top of the deck

A circa 12-percent increase in Macau hotel supply over the “next six to 12 months” could have a negative impact on revenue per available room in the market, says a note from Japanese brokerage...

Macau August GGR likely up at least 22pct: analysts

Aug 15, 2017 Newsdesk Latest News, Macau, Top of the deck

Macau’s casino gross gaming revenue (GGR) for August is likely to show expansion of at least 22 percent year-on-year, say several brokerages, basing their analysis on unofficial daily returns for...

Macau’s Studio City resort owner files for potential IPO

Aug 15, 2017 Newsdesk Latest News, Macau, Top of the deck

Studio City International Holdings Ltd – the entity that controls the Studio City casino resort in Macau’s Cotai district – has taken the first step toward a potential initial public offering...

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Aristocrat aims to innovate and entertain

Aug 01, 2017

Sponsored content Aristocrat Leisure Ltd strives to lead the gaming industry in creating combinations of innovative cabinets and games that really entertain. Its game and cabinet creations are designed to help operators cater to all types of players and gaming floor segments. “Our global teams of...