Macau on track to post highest post-COVID GGR in July

Macau GGR down 62% year-on-year to MOP$2.48 billion in June

Macau is on track to record in July the highest monthly gross gaming revenue since the start of the COVID-19 ...

Alejandro Tengco reveals three-step upgrade program to increase value of PAGCOR casinos before privatization

13/07/2023

PAGCOR Chairman Alejandro Tengco revealed Thursday that the Philippine gaming regulator will embark on a comprehensive refreshment program of its ...

Hubert Wang to represent MGM China in live streamed Fliggy flagship store launch

MGM China’s Hubert Wang says Macau foreigner-only gaming zones likely transitional

by Andrew W Scott and Ben Blaschke

12/07/2023

Macau’s foreigner-only gaming zones are likely only transitional arrangements, with the government looking at ways to recognize foreigner play across ...

JP Morgan: Macau operators to report all-time high EBITDA margins in 2Q23

by Ben Blaschke

03/07/2023

Investment bank JP Morgan says it expects Macau’s casino sector to record industry-wide EBITDA of US$1.7 billion for the three ...

JP Morgan: All Macau operators now generating “ample” free cash flow as industry GGR grows by 31% in 2Q23

by Ben Blaschke

03/07/2023

All six of Macau’s concessionaires should now be generating ample free cash flow after the June 2023 quarter – the ...

Tag: casinos