GGRAsia – Macau

Macau

Venetian Arena now the brand name, concert due for Dec 14

Sep 11, 2024 Newsdesk Latest News, Macau, Top of the deck

The concert and large-event venue at the Venetian Macao casino resort (pictured) has been branded as the “Venetian Arena” according to a Tuesday statement from the complex’s promoter, Sands...

Macau casino GGR US$591mln for Sept 1-8: Citi

Sep 11, 2024 Newsdesk Latest News, Macau, Top of the deck

Macau’s casino gross gaming revenue (GGR) for the first eight days of September is estimated at MOP4.75 billion (US$591.4 million), a daily run rate of about MOP594 million, said Citigroup in a...

LVS to pay US$103mln to up Sands China stake to circa 72pct

Sep 10, 2024 Newsdesk Latest News, Macau, Top of the deck

Macau casino concessionaire Sands China Ltd says its U.S.-based parent, Las Vegas Sands Corp (LVS), plans to increase its holding in the Macau unit to nearly 72 percent, from the existing 71.02...

Sam Hou Fai to run unopposed for Macau CE position

Sep 10, 2024 Newsdesk Latest News, Macau, Top of the deck

Sam Hou Fai, until recently president of Macau’s Court of Final Appeal, is to run unopposed for the role of Chief Executive (CE), the city’s top job. He received a total of 383 nominations drawn...

Regulation, China economy, focus Macau investors: MS

Sep 09, 2024 Newsdesk Latest News, Macau, Top of the deck

“Continued regulatory noise, GGR [gross gaming revenue] year-on-year deceleration and weaker sentiment of China consumers are not helping” investor attitudes regarding the Macau casino industry,...

Macau 2023 gaming sector opex up 237pct post-Covid

Sep 06, 2024 Newsdesk Latest News, Macau, Top of the deck

Operating expenses (opex) across the Macau gaming sector stood at just above MOP31.07 billion (US$3.95 billion) in 2023. The figure was up 236.7 percent year-on-year, coinciding with travel and other...

Typhoon Yagi disrupts Macau tourism before, after passage

Sep 06, 2024 Newsdesk Latest News, Macau, Top of the deck

Tourism and general travel to Macau, along with some non-gaming services at the city’s casino resorts – were disrupted by the passage of a super typhoon with the moniker...

SJM stable outlook backed by easing leverage: Moody’s

Sep 05, 2024 Newsdesk Latest News, Macau, Top of the deck

SJM Holdings Ltd’s ongoing debt-reduction effort and the expected contribution from the ramping up of its business at the Grand Lisboa Palace casino resort (pictured) in Cotai, supports a...

Sands China, Agoda to launch marketing campaigns in 4Q

Sep 05, 2024 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator Sands China Ltd has announced a partnership with digital travel platform Agoda, aiming to “promote Macau to an international audience,” it said in a Thursday press release....

Macau Golden Week outlook good amid FX crackdown: CLSA

Sep 04, 2024 Newsdesk Latest News, Macau, Top of the deck

The Macau foreign exchange (FX) tout “crackdown” appears to have “stabilised”, with “investors’ concerns likely overdone” regarding the city’s casino sector, says a Tuesday report...

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The most popular gambling games and slots in Asia, according to 1xBet

Aug 16, 2024

For global betting company 1xBet, Asia is a key market for several reasons. Firstly, it is the largest region in terms of population and density, home to about 5 billion people, or 60 percent of the world’s total. Secondly, Asia’s gambling entertainment history spans thousands of years, with...