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2023-09-18 15:26:50 ET More on Macau casino stocks Melco Resorts & Entertainment Limited 2023 Q2 - Results - Earnings Call Presentation Las Vegas Sands: Hold, Sell, And Buy Later Case Melco Resorts & Entertainment: Highly Levered With Weak Coverage Ma...
2023-09-01 08:53:43 ET More on Macau stocks Melco Resorts & Entertainment: Highly Levered With Weak Coverage Macau's gaming recovery gains momentum in August Macau casino revenue soars in July to highest level since pandemic Galaxy Entertainment and Melco...
2023-08-14 15:20:49 ET The very latest channel check from Jefferies on Macau traffic was modestly positive again as Macau gaming revenue improved in the past week, with month-to-date traffic at its highest level this year. Macau daily revenue for the week ending on August 13 improved 7% fro...
2023-08-01 06:53:52 ET The Macau Gaming Inspection and Coordination Bureau reported gross gaming revenue in the gambling region rose 4,086% year-over-year in July to $16.6B patacas ($2.07B) against a soft comparable to last year when travel restrictions were in place for several weeks. The ...
2023-07-11 07:17:54 ET JPMorgan raised estimates on Wynn Resorts Limited ( NASDAQ: WYNN ) as it took a positive view of the casino operator's prospects for the second half of the year. Analyst Joseph Greff and his team raised the Wynn Macau ( OTCPK:WYNMF ) property-level EBI...
2023-06-01 08:20:15 ET Macau casinos generated gross gaming revenue of 15.57B patacas ($1.93B) to mark growth of 366% year-over-year from a year ago and set a new post-pandemic high. The May GGR tally was up about 5.7% from the April total. For the first five months of 2023 combined, Ma...
2023-05-01 06:30:06 ET Gross gaming revenue in Macau soared 450% year-over-year in April to 14.72B patacas ($1.82B) to smash the consensus estimate of analysts. The GGR tally was up 15.6% from the level seen in March and was the highest since before the pandemic first starting having an eff...
2023-04-24 11:21:32 ET Macau casino trends continue to improve as the industry's recovery takes another step forward. Jefferies estimated Macau daily revenue for the week ending April 23 sequentially improved to 464M patacas per day from 417M patacas day the prior week. Analyst David Katz p...
2023-04-14 16:43:57 ET Summary Wynn Macau, Limited is heavily indebted and its leverage ratio is now 1.25. Management is not sure when tourism will return to pre-pandemic levels. There are many risk factors here for Wynn Macau management to mitigate or work through. ...
2023-04-03 07:08:20 ET Gross gaming revenue in Macau surged 246.9% year-over-year in March to 12.7B patacas ($1.58B) to top the consensus expectation for a rise of 205%. The gaming revenue tally was the highest for the Macau region since January of 2020, just before pandemic lockdowns began...
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