Thursday, July 07, 2022


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Galaxy Q3 EBITDA in-line, revenue grows 23 pct


Macau casino operator Galaxy Entertainment reported third quarter results mostly in-line with analyst estimates, with adjusted EBITDA reaching HK$3.5

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Galaxy’s half-year profit jumps 81 percent


Galaxy Entertainment Group (GEG) posted an 81 percent rise in net profit for the first half of the year due to the rebound in VIP and mass revenue. Ne

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Bloomberry to re-operate Jeju Sun, posts record results


Philippines-listed Bloomberry Resorts Corp posted an all-time record in gross gaming and non-gaming revenues as well as EBITDA for the first nine mont

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China housing slowdown may cool Macau GGR


A cooling of the housing market in Mainland China could mean a drop in VIP and premium mass business in Macau, analysts from Wells Fargo noted on Mond

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Oct. GGR up 8.8 percent, beats expectations


Macau GGR grew 8.8 percent in October, beating analyst expectations. Gross Gaming Revenues for the month came in at MOP 21.8 billion, higher than m

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Galaxy net profit up 28 percent in Q3


Macau casino operator Galaxy Entertainment Group posted a 28 percent year-on-year rise in net profit in the third quarter of 2016, above analyst expec

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Macau to see ADR softening for remainder of month


Macau gross gaming revenue results for the week October 11-16 was worse than expected with significant slowdown following the golden week period, said

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GGR weaker than expected last week: analysts


Macau’s gross gaming revenue in the last week was weaker than expected given The Parisian opening and Mid-Autumn Festival Holiday, say analysts. A n

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Too early to say whether Macau is recovering: Galaxy boss


Galaxy Entertainment chairman Lui Che Woo says it's still too early to make the call that Macau is on the road to recovery. “While Macau’s gamblin

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Macau breaks two-year downward trend


Macau posted its first year-on-year increase in gross gaming revenue in August, after a 26-month slump, according to statistics released by the Gaming

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July GGR expected to decline 8 to 10 percent


Macau’s gross gaming revenue in July is expected to decline between 8 to 10 percent year-on-year, said Wells Fargo analysts in a note on Monday. Whi

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Macau ADR slows in third week of June: Bernstein


Macau’s ADR trends slowed in the third week of June as expected following strong performance in the second week, says Bernstein in a note on Monday.

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City of Dreams opens retail extension


City of Dreams Macau has expanded its retail offerings with new facilities and stores, according to a social media post from the company last Friday.

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241 people fined in Macau for smoking in first five months


241 people have been fined in Macau in the first five months of 2016 for smoking, according the latest statistics from Macau’s Health Bureau. The nu

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Asia gaming industry is under-served: experts


The number of casinos in Asia-Pacific will increase to around 230 in the next five to seven years, but it is not enough, said industry experts. “Cas

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Macau GGR down 9.5 percent, above consensus


Macau’s casino gross gaming revenue (GGR) declined 9.5 percent year on year in April to MOP 17.3 billion (US$2.2 billion), according to official dat

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Las Vegas to potentially receive direct flights from China


Las Vegas may potentially get around three weekly direct flights from China, which would help the region secure better Mainland Chinese visitation, fr

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Macau should diversify tourism offerings; Beijing


A Beijing government official recently commented that Macau should diversify its tourism offerings in order to attract higher quality visitors, includ

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Travellers International Hotel Group net profit down 26.2 percent in 2015


Travellers International Hotel Group, owner and operator of Resorts World Manila, has reported a decline in net profit to P4 billion (US$86.4 million)

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