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Thomas Yeoh/iStock via Getty Images Channel checks by JPMorgan indicate a pick-up in demand in Macau is starting. "Our checks suggest upbeat summer holidays, with encouraging feedback on the level of player inquiry and booking," updates the firm. The firm forecasts gross gaming revenue to res...
SeanPavonePhoto/iStock via Getty Images Jefferies is incrementally bullish on Macau with some signs of travel restrictions easing. Analyst David Katz says the Macau June gross gaming revenue disappointment is a temporary setback. He notes that there are no local infections in Guangdong since ...
Sean Pavone/iStock via Getty Images Macau gross gaming revenue fell 37.4% month-over-month in June to $6.54B patacas ($817M). The GRR tally was up 812.5% from the same month a year ago when the casinos were effectively closed due to COVID-19 restrictions. The soft month was largely anticipate...
Sean Pavone/iStock via Getty Images Macau authorities continue to tighten rules and supervision around the casinos in the area with the number of inspectors more than doubling to 459. The increase in supervision arrives with traffic trends still sluggish amid pandemic concerns. Jefferies says...
Photo by Sean Pavone/iStock via Getty Images The Macau sector continues to be bogged down by restrictions in place due to the pandemic. Jefferies warns that COVID-19 infections in Guangdong are a negative and continue to hamper the recovery for the Macau casino sector. Analyst David Katz thin...
Macau gross gaming revenue rose 492% in May to $10.4 patacas ($1.3B), according to data from the Gaming Inspection and Coordination Bureau. That mark topped the consensus expectation for a gain of 467% during the month against the soft pandemic comparable. Macau GGR in May was up 24% from the...
Macau gross gaming revenue rebounded to its highest post-COVID level during the region's Labor Week. JPMorgan says the revenue tally reflects a strong rebound in the premium-mass segment and extended length-of-stay, while Bernstein analysts say they expected a more robust GGR uplift to begin ...
Gross gaming revenue in Macau was up 1,014% Y/Y to $1.1B in April to fall short of the consensus estimate for a gain of 1,054% against the soft pandemic period comparable. Macau GGR was ahead of the $1.04B recorded in March, but down about 64% from the GGR generated in April of 2019. Visitor ...
Macau Chief Executive Ho Iat Seng says the local government is discussing with Beijing a potential trial plan for a mutual system of vaccination recognition.His comments came earlier today during a question-and-answer session at the Macau Legislative Assembly.The arrangement could help reduce...
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Sands China Announces Winners of 'Entrepreneurship Recruitment Programme for Rua das Estalagens' PR Newswire Part of company's ongoing Community Revitalisation Series MACAO , July 25, 2024 /PRNewswire/ -- Sands China Ltd. disclosed the results of its En...
2024 Sands Shopping Carnival Draws Record-Breaking 120,000 Visits PR Newswire July 18-21 event supported Macao's "tourism+" initiative Free business platform for local SMEs and Sands retailers MACAO , July 24, 2024 /PRNewswire/ -- The 2024...
Sands Macao Celebrates 20th Anniversary PR Newswire MACAO , May 16, 2024 /PRNewswire/ -- Sands ® Macao celebrated its 20th anniversary with a ceremony at the hotel and entertainment complex's outdoor fountain Thursday, marking two decades since its 2...