Summary: Paradise Co reported a 13% decrease in April casino revenue compared to the previous year, totaling US$50.7 million. While table games and machine game revenue declined, the table drop increased, suggesting potential for future growth. The company is investing in upgrades and new developments to attract high-value international guests and achieve its ambitious growth…
Summary: Macau’s April casino revenue dramatically surpassed predictions, largely due to a strong performance in the mass-market sector. This positive trend indicates a potential sustained recovery for the industry, despite ongoing regulatory changes and economic uncertainties. Macau, the world’s richest casino market, saw its April casino revenue significantly exceed analyst expectations. This positive performance, driven…
Summary: Macau casinos, particularly those in the Cotai district, experienced a significant surge in visitor traffic and gaming activity during the Labour Day Golden Week. High-denomination baccarat tables, specifically those with a HKD2,000 (US$258) minimum bet, proved extremely popular, indicating a strong preference among players for this betting level. The influx of visitors from mainland…
Summary: MGM Resorts has increased its investment in the MGM Osaka integrated resort project to US$3 billion, reflecting updated cost estimates. Despite the increased investment, the company remains confident in the project’s profitability and on-time opening in 2030. The announcement came alongside the release of MGM Resorts’ first-quarter 2025 financial results, which showed a slight…
Summary: Macau’s April 2025 gross gaming revenue (GGR) showed a modest 1.7% year-on-year increase but fell short of March’s figures, raising concerns about the pace of recovery. Analysts point to the slow recovery of the mass market and regulatory actions against illegal money exchange as contributing factors. The government acknowledges challenges and the need for…
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…
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