Sport betting operator Macao SLOT Co Ltd posted a profit of MOP102.9 million (US$12.9 million) in 2013, its annual report shows. The document was published on Wednesday in the city’s Official Gazette. That is a 27.2 percent jump over its results in 2012, when the company had a profit of MOP80.9 million.
Macao SLOT – the name stands for Sociedade de Lotarias e Apostas Mútuas de Macau Lda – holds a de facto monopoly on non-racing sports betting in Macau, including football and basketball.
President Ng Chi Sing stated in its latest annual report that the popularity of the company’s services “is constantly increasing”. He added that Macao SLOT is looking to diversify its sport betting products and also upgrade its systems.
The company’s three-year concession runs until June 2015. U.S.–based Cantor Fitzgerald LP, which runs sports betting in several Las Vegas casinos, said in 2012 it was seeking to expand to Macau.
May 25, 2022Philippine gaming investor Leisure and Resorts World Corp reported a net loss of nearly PHP222.4 million (US$4.2 million) in the first three months of 2022, up from PHP125.6 million a year earlier....
”If China’s travel easing gets delayed to the second half of 2023 [Macau operator’s aggregate net debt] could rise another US$2 billion, to US$27 billion by end-2023"
Praveen Choudhary, Gareth Leung and Thomas Allen
Analysts at Morgan Stanley banking group