Monday, June 27, 2022


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All in at G2E


Betradar, a supplier of sports and betting-related data, will present its highly diversified product portfolio, including the latest innovations in be

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Macau's drive for diversification faces uphill climb


As Macau tries to emulate the Las Vegas model and set itself on a path of diversification, the city’s biggest strength - its proximity to China - wi

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Macau casino industry lacks sustainable development says academic


There is an imbalance, limited consensus and lack of sustainable development within Macau’s tourism and casino industry, an academic from Macau Univ

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UBS takes less cautious view on Macau


UBS analysts said they are moving away from a cautious view of Macau’s gaming industry and taking a more constructive stance following the recent vi

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Galaxy chairman says Phase II weak though early days


Gambling at Galaxy’s recent expansion has been weaker than expected, chairman Lui Che Woo told reporters in Hong Kong after the company’s annual g

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Melco Crown stock leads decline in HK trading


Melco Crown Entertainment Ltd. is leading the decline in Hong Kong trading, down 5.1 percent to HK$50.85, after stocks tumbled amid several analysts s

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Galaxy delivers solid opening as competition likely to intensify: UBS


Galaxy Entertainment Group delivered a “solid opening” of the $2.7 billion Galaxy Macau phase 2 and Broadway Macau properties, said UBS, with Broa

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Galaxy allocation in line with expectations: UBS


The Macau government has granted 150 new tables to Galaxy Macau phase 2, a number in line with what the industry expected after 200 plus tables seemed

"Too early to call a bottom" on Macau: Barclays


Barclays analyst Felicia Hendrix said in a report that it is "too early to call a bottom" on the Macau gaming industry due to the ongoing and persiste

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Melco Crown (Philippines) operating revenue reaches $52.7M in 15Q1


Melco Crown (Philippines) Resorts, operator of City of Dreams Manila, reported net operating revenue of PHP2.34 billion ($52.7 million) for the first

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Wynn Resorts dividend cut reflects uncertain outlook in Macau


Wynn Resorts’ large dividend cut from $1.50 per share to $0.50 in the first quarter following dire financial results from its Macau arm reflect a ca

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Morgan Stanley turns cautious on Macau


Morgan Stanley Research says it has turned cautious on Hong Kong and Macau’s gaming industry due to, among other things, regulatory pressures and ov

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Overall visitors to Macau in March drop 14 percent


Overall visits to Macau in March dropped 14 percent year-on-year while visitors from Mainland China fell 18 percent, a reversal of the growth trend se

Academic says junket operations reason for revenue declines


A leading academic said the unsustainability of Macau’s junket operations is the biggest reason contributing to the 10-month straight declines in re

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Mass revenue stabilizing but not trend yet: UBS


Following Galaxy Entertainment’s financial results, UBS said there have been some signs of gradual stabilisation in mass segment revenue in recent w

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15Q1 EBITDA to drop 40 percent YoY: UBS


UBS Securities said it expects 15Q1 EBITDA to drop 40 percent year-on-year and 15 percent quarter-on-quarter, a steeper drop than GGR which fell 37 pe

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Macau table-only GGR down 43 percent from April 1-12


Macau table-only gross gaming revenue amounted to MOP6.9 billion ($0.87 billion) from April 1 to April 12 including slot assumptions, down 43 percent

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More downsides expected in 15Q1: MSR


Morgan Stanley Research predicts Macau will see another sequential decline in EBITDA of 14 percent QoQ and 38 percent YoY in 15Q1 , with no signs of a

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UBS lowers its 2015/16 Macau outlook


UBS said it expects further downside revisions to Macau’s gross gaming revenues amid continued pressure on high-roller gaming due to uncertainty ove

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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