Search Results for: Macau Industry
Jefferies Report: Macau Gaming Operators Face Economic Pressures
July 24, 2024
Jefferies' latest memo reveals that Macau's gaming operators are experiencing pressure from macroeconomic conditions. The region's...
Seaport Research: Macau Operators’ Q2 Results & Market Shifts
July 23, 2024
Seaport Research Partners anticipates no major surprises from the upcoming second-quarter results for Macau operators, though mark...
Macau gaming sector sees 57% spike in suspicious transactions reports in 1H 2024
July 18, 2024
Macau's gaming sector has experienced a significant increase in Suspicious Transaction Reports (STRs) in the first half of 2024, a...
Macau daily visitors averaging 87K in July, in line with MGTO forecast
July 12, 2024
The average daily visitor count in Macau is approximately 87,000 as of July 10, 2024. This figure aligns with the projections made...
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...
Macau government to keep cap on licensed junkets at 50 for 2025
July 11, 2024
By 2025, the number of licensed gaming promoters, more popularly known as "junkets," allowed in the Macau casino market will be ca...
Citi Expects Strong Macau Casino EBITDA Despite Revenue Drop
July 10, 2024
Citi Forecasts Resilient 28% EBITDA Margins for Macau Casinos in Q2 2024 Despite Revenue Declines
Citi forecasts Macau gaming con...
Seaport: Smart table rollout to equalize Macau operators
June 27, 2024
Macau’s rollout of smart tables over the next six to nine months will level the playing field for concessionaires and improve bo...
Seaport: Non-gaming to make up 15% of Macau revenues by 2024
June 26, 2024
Macau's diversification efforts show a positive impact, with non-gaming sectors expected to contribute 15% of concessionaire reven...
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...