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Melco, MGM outshine peers in Q3

2019-11-15

Melco Resorts & Entertainment and MGM China outperformed their peers in the latest reporting season, as the ramp up of new product offerings drove growth.

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Macau Oct. GGR falls 3.2 percent

2019-11-01

Macau’s gross gambling revenue dropped 3.2 percent in October, slightly worse than the consensus forecasts from analysts.

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Mass GGR jumps in Q3, though VIP drops

2019-10-16

Gross gambling revenue from the mass market sector rose almost 18 percent in Q3, while VIP play declined 22.5 percent as the slowing Chinese economy held back growth, according to figures from the Gaming Inspection and Coordination Bureau (DICJ).

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Tigre de Cristal Phase II opening in 2022

2019-08-26

The second phase of the Tigre de Cristal’s development in the Primorye Gaming Zone in the Russian Far East is now likely to open in early 2022 following changes to its design, owner Summit Ascent said. 

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Paradise Q2 loss widens

2019-08-13

Paradise Co., which operates foreigner-only casinos in South Korea, posted a wider Q2 loss although revenue gained.

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Galaxy Q2 results top forecasts on higher hold

2019-08-13

Galaxy Entertainment posted flat adjusted EBITDA for Q2 and lower revenue, but the results topped analysts’ forecasts helped by higher hold.

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Okada Manila opens rooms as July revenue jumps

2019-08-12

Universal Entertainment said Okada Manila is opening more hotel rooms to accommodate visitors as its July revenue spiked 48 percent from the prior year.

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HK protests begin to hit Macau revenue: Bernstein

2019-08-05

The street protests that have been rocking Hong Kong for the past nine weeks are beginning to have an impact on gross gambling revenue in Macau, Bernstein analysts wrote in a note.

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SJM H1 gaming revenue falls as VIP drags

2019-07-30

SJM Holdings reported a 0.7 percent decline in H1 gaming revenue, as growth in the mass market failed to offset a 25 percent drop in VIP revenue.

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Macau July GGR forecast cut on lower hold: Bernstein

2019-07-22

Bernstein Research has lowered its forecast for Macau’s July gross gaming revenue, mainly due to an expected lower VIP hold.

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Mass growth outstrips VIP in Q2, takes market lead

2019-07-16

Gross gambling revenue in Macau’s mass market sector far outstripped the long-dominant VIP segment in Q2, helped in part by a reclassification of tables following the full smoking ban that came into effect in January.

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Mass market strong in Q2 with Melco gaining EBITDA share: MS

2019-07-09

The mass market in Macau accelerated to grow 12 percent in Q2 compared with the same period a year ago, with Melco Resorts & Entertainment increasing its share of EBITDA, according to a note from Morgan Stanley.

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Macau’s VIPs spread their wings

2019-06-14

Macau’s reputation as the go-to destination for casino VIPs is under threat as facilities improve in other regional destinations that offer lower tax rates and better junket margins.

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Star Entertainment to cut jobs as VIP revenues dwindle

2019-06-11

Australia’s Star Entertainment Group has cut its EBITDA forecast for fiscal 2019 and says it will slash hundreds of jobs to counter the impact of a sharp slowdown in its VIP business.

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June GGR seen gaining 3-5 percent: Bernstein

2019-06-10

Gross gaming revenue in June is expected to be lower than in the prior two months, but should still gain between 3 and 5 percent, according to analysts at Bernstein Research.

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Genting Spore Q1 beats estimates, but analysts cautious on outlook

2019-05-09

Genting Singapore Q1 results topped expectations, mainly helped by a higher luck factor, though analysts say they are cautious about near-term prospects.  

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Macau April GGR drops 8.3 percent, in line with forecasts

2019-05-01

Gross gambling revenue in Macau dropped 8.3 percent in April as China’s slowing economy continued to weigh on the VIP segment, though the result was in line with analysts’ forecasts.

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Macau Q1 earnings likely to surprise to the downside: MS

2019-04-11

The earnings of Macau’s six operators may produce some negative surprises amidst higher staff costs, higher reinvestment rates and slowing revenue growth, Morgan Stanley forecasts.

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Korean firms eye Primorye zone

2019-03-22

Three firms from South Korea are eyeing projects in the Primorye gambling zone in Russia’s far east, with Summit Ascent, the region’s only existin

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