Search Results for: Macau's mass gaming industry
Macau GGR projected to reach $29 billion in 2024: Goldman Sachs report
July 11, 2024
Macau is bouncing back from the impacts of the COVID-19 pandemic, with experts predicting that the city's gross gaming revenue (GG...
Operations in Macau rise; those in China and Southeast Asia less so: Moody’s
June 25, 2024
Over the next 12 to 18 months, Moody's predicts a recovery in casino industry earnings and cash flow, mostly in Macau, due to an i...
Galaxy Entertainment and MGM China Adapt to Fierce Competition
April 18, 2024
During the HSBC Global Investment Summit 2024 held in Hong Kong, Galaxy Entertainment and MGM China, two of the biggest names in M...
Morgan Stanley Cuts Galaxy Entertainment’s Forecast, Citing Market Share Loss
April 18, 2024
Citing a decline in market share, Morgan Stanley recently lowered Galaxy Entertainment's projected earnings.
Analysts remarked th...
Macau 1Q24 EBITDA could come in below GGR growth as operators focus on deleveraging
April 4, 2024
Morgan Stanley predicts that in the first quarter of 2024, Macau's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amor...
Fitch assigns ‘BB-’ rating to Wynn Resorts, subsidiaries
January 31, 2024
Fitch Ratings Inc. has rated Wynn Resorts Ltd. and many of its subsidiaries, including Wynn Macau Ltd., as "first-time" 'BB-' issu...
Macau casino operators earnings to be “more resilient” vs. other consumer segments in China
January 19, 2024
The revenues of Macau casino operators are probably more robust than those of other Chinese consumer groups, according to a Morgan...
Macau casino GGR for first week of new year reaches $546 million, indicates robust start to 2024
January 11, 2024
Macau's casino gross gaming revenue (GGR) for the first seven days of January was expected to be MOP4.4 billion (US$546.6 million)...
JP Morgan predicts Macau casinos’ 4Q EBITDA to show 10% increase
January 2, 2024
The earnings before interest, taxes, depreciation, and amortization (EBITDA) for Macau's casino sector for the fourth quarter of 2...
Macau casino GGR for first 17 days of December estimated at $1.12 billion
December 19, 2023
According to JP Morgan Securities (Asia Pacific) Ltd., Macau's casino gross gaming revenue (GGR) for the first 17 days of December...