Search Results for: Macau Industry
Macau’s casino profit estimate down 97% compared to prepandemic levels
October 20, 2021
Macau's casino profit estimate down 97% compared to prepandemic levels
Macau casino operators expect to see Q3 profits slump t...
Macau Casinos Have Strong Rebound In September
October 13, 2021
The world’s largest gambling market saw a strong rebound in September as casinos in Macau reported $735 million worth of gross ...
Macau Operators Stare Down Credit Risk Amid Government Proposals
September 30, 2021
The six Macau concessionaires, including Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN), could contend with elevated c...
Coronavirus setback for Macau’s ‘Golden Week’ optimism
September 29, 2021
Hopes that the casino industry in Macau would be able to benefit from China’s upcoming ‘Golden Week’ national holiday have ...
Macau casino and junket operators seek clarity over new gambling laws
September 22, 2021
The meeting was the only official opportunity for the industry to air its views during the 45-day gaming consultation. It was att...
Macau: Western investors ‘were lulled into a false sense of security,’ casino expert explains
September 20, 2021
U.S. gaming stocks are reacting to rising government scrutiny over the gambling industry in Macau, and one expert told Yahoo Fina...
Macau casino shares tumble 23%, losing $ 17 billion in a single day
September 20, 2021
The shares of casinos in Macao (China) have fallen 23%, thus losing in a single day 17,000 million dollars in market value, after...
Far East Gamblers in Macau, Mecca of Las Vegas
September 9, 2021
A major reason for Asia’s accelerating success in the international gaming industry is Macau, a world-class tourist destination...
Citi lowers Macau’s August gambling revenue forecast to 4 billion patacas; tourism restrictions are expected to continue for two more weeks
August 11, 2021
Citigroup released the latest research report on Macau’s gaming industry, Macau’s gaming revenue for the first eight days of ...
Morgan Stanley: Macau, other Asian gaming markets not seriously hit by China’s tighter controls
August 2, 2021
China’s Ministry of Culture and Tourism said this month that it would blacklist overseas destinations that attract Chinese tour...