Summary: MGM Resorts has increased its investment in the Osaka integrated resort to US$3 billion, driven by updated cost estimates. Despite this increase, the company remains bullish on the project, projecting over US$2 billion in annual EBITDA and a high-teens ROI, drawing comparisons to the success of Marina Bay Sands in Singapore. The project is…
Summary: SJM Resorts is showing modest growth in the base mass gambling market, but this is counteracted by slow growth at its Grand Lisboa Palace and uncertainty over its satellite casinos’ future after a key deadline in December 2025. The company’s focus is now on cost control and expansion into the premium mass market. Read…
Kangwon Land Inc Q1 2025: Financial Insights and Expansion Plans in Macau Casino and Sports Betting Asia Markets Summary Kangwon Land Inc, the sole South Korean casino operator permitted to serve locals, reported a Q1 2025 net income of KRW78.0 billion (US$54.3 million), down 16.9% year-on-year and 31.1% sequentially, according to a Korea Exchange filing….
Gross gaming revenue (GGR) from Texas Hold’em poker in Macau during the first quarter this year reached MOP242 million (US$30.3 million), a quarterly best for the segment since the city’s casino regulator started publishing data on it in 2008. Such GGR was up 3.0 percent year-on-year on the MOP235 million recorded for the first three…
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