Search Results for: Macau Industry
Concerts further boost gaming figures in Macau
November 20, 2023
Popular concerts held in the city continue to be beneficial to the expanding Macau gaming industry, according to Citigroup's Table...
Macau experiences 116% surge in their GDP thanks to gaming sector
November 20, 2023
Due mostly to the gaming sector, Macau's economy expanded quickly in the third quarter, with GDP rising by an astounding 116.1 per...
Macau reports gaming tax revenue with 24% decline, still above 2023 forecasts
November 20, 2023
The Macau government reported that casino tax revenues for October were MOP$5.08 billion (US$634 million), a 23.6% drop from Septe...
Macau continues to see a robust recovery in fiscal revenue from gaming taxes
November 17, 2023
The fiscal revenue of the Macau government from casino taxes is increasing; during the first ten months of 2023, MOP51.55 billion ...
Galaxy COO believes Macau market to naturally transition EGMs
November 15, 2023
Electronic gaming machines (EGMs) will eventually take center stage in the Macau Special Administrative Region (SAR) gambling scen...
Macau concessionaires to have panel discussion at MGS 2023
November 14, 2023
Representatives from each of the six Macau gaming concessionaires will participate in a high-profile panel discussion titled "Pion...
Wynn Macau announces sponsorship of International Series Macau event
November 14, 2023
Wynn Macau Ltd. has declared that it would sponsor the first International Series Macau event, a golf tournament series on the Asi...
Macau earns $820.5 million in GGR for first 12 days of November
November 14, 2023
Citigroup Inc. said in a letter on Monday that Macau casinos' gross gaming revenue (GGR) for the first twelve days of November was...
JP Morgan “not worried” by correction in Macau casino stock prices
November 13, 2023
According to JP Morgan Securities, as of Friday's close, the value of casino stocks in Macau had decreased by 2.5% to $12.7%. The ...
Macau’s concessionaires fall back to 2022 COVID levels, analysts puzzled over low stock prices
November 13, 2023
The combined market value of Macau's six concessionaires has increased significantly in the third quarter, although it is still on...