Macau's gross gambling revenue fell 70.5 percent year-on-year in November to MOP22.87 billion and was also down on the prior month, which brought in MOP26.44 billion.
The simplification of visa procedures for Chinese visitors is key to drive a more robust recovery in Macau, where this year’s Golden Week figures proved disappointing, according to a note from Bernstein Research.
Gross gambling revenue in Q2 in the Philippines came in at just P2.42 billion ($49.9 million) as the Covid-19 crisis forced the closure of gambling outlets across the country, according to figures from regulator, the Philippine Amusement and Gaming Corp....
China has confirmed it will begin issuing individual visit scheme visas for the whole of Guangdong province on August 26 and will extend the program to all of China from Sept. 23.
The latest border easings between China and Macau are a positive step but will have limited impact on gross gambling revenue, analysts said.
The sharp downturn caused by Covid-19 has not altered the underlying structural reality that the future of Macau gaming lay much more with the mass ma
Bernstein Research issued a note on Monday anticipating a slow recovery for Singapore’s casinos once they reopen on July 1, with GGR unlikely to ret
A Ukraine parliamentary committee has approved the initial tax framework for its nascent gambling industry, setting a rate of 5 percent of gross gaming revenue for sportsbooks.
Wynn Macau said it expects the VIP and premium segment to lead the recovery and forecasts to be able to break even on an adjusted property EBITDA basis once gross gambling revenue returns to between 45 percent and 50 percent of its prior run rate.
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