Search Results for: Macau Casino Industry
Macau casino industry to report combined US$102 million EBITDA loss for 1Q22: Morgan Stanley
April 13, 2022
A number of Macau’s casino concessionaires could report negative EBITDA for the three months to 31 March 2022, driven by weaker...
Macau’s casino industry reports 3,431 STRs marking highest number since 2006
January 15, 2024
According to data from Macau's Financial Intelligence Office, the casino industry filed 3,431 suspicious transaction reports (STRs...
Citigroup optimistic about growth prospects for Macau’s casino industry in 2024
December 5, 2023
Citigroup is upbeat about the expansion prospects of the Macau casino industry in 2024, citing the outstanding achievements of the...
Macau’s casino industry EBITDA for 3Q above 2019 levels
November 16, 2023
In the third quarter, Macau's casino sector had a higher industry-wide margin for property profits before interest, taxes, depreci...
Macau Chief Executive Ho Iat Seng ‘Confident’ Regarding Local Casino Industry
February 28, 2023
Macau Chief Executive Ho Iat Seng remains confident that the region’s six casino operators will win, at minimum, MOP130 billion ...
Macau gambling industry amendment bill passes first reading amid “satellite casinos” concerns
January 26, 2022
The Macau Legislative Assembly (AL) passed its first reading of the draft bill seeking to amend Macau’s gaming on Monday. The d...
Macau’s gaming law reforms positive for casino industry, but outlook clouded by Covid-19 uncertainty, UBS, JPMorgan analysts say
January 18, 2022
The amendments to Macau’s gaming laws have removed significant regulatory overhang for the city’s casino industry, but the ou...
Macau Casino Revenue Climbs 44 Percent in 2021, But Industry Remains Unsettled
January 3, 2022
Macau casinos fared significantly better in 2021 than they did in 2020. But the world’s richest gambling market still has far t...
Macau casinos seek to replace junket revenues amid crackdown, industry uncertainty
December 23, 2021
Casinos in Macau, the world’s biggest gaming hub, now face uncertainty amid COVID-19 restrictions and an ongoing Chinese govern...
Chinese Communist Party cracks down on Macau’s casino industry
October 7, 2021
The Chinese Communist Party has started to crack down on the casino industry in Macau, one of China's special administrative regi...