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Business
January 21, 2025
MGM China Unveils Salary Increase for 99% of Its Workforce
MGM China Holdings Limited, a leading casino and hospitality giant in Macau, has unveiled a new salary increase that will affect most of its workers. The company thanked its workers for their hard work and incredible commitment, which have driven continued business growth. MGM China Recognized Its Workers’ Contributions According to MGM China’s official announcement, […]
Industry
January 16, 2025
Analysts Predict Limited Market Shifts in Macau Despite Gaming Revenue Surge
The Macau gaming market posted its strongest quarterly performance in a long time, with gaming revenue in Q4 2024 reaching a 20-quarter high. However, JP Morgan analysts note that such positive financials may not be enough to offset investor skepticism and reignite interest in concessionaire stocks. However, the uptick in revenue should be welcome news […]
Business
December 31, 2024
Macau Concessionaires Unveil Bonuses for Employees
Several operators in Macau have unveiled special discretionary bonuses for most of their staff. As of the time of this writing, most of the concessionaires have announced similar bonuses, affecting thousands of workers. Wynn Thanked Its Employees for Their Incredible Contributions Among others, Wynn Macau unveiled a bonus equivalent to one month’s salary for the […]
Industry
December 12, 2024
Macau Gaming Tax Revenue Soars as Recovery Accelerates
Macau’s gaming sector remains in full swing as November’s government gaming tax revenue hit MOP$8.0 billion ($999 million), up 6.4% year-on-year and up 20.3% compared to October, according to the latest figures from the Macau Financial Services Bureau (DSF). These figures underline the region’s ongoing resurgence following pandemic-induced setbacks. Key Metrics Recorded Significant Increases Gross […]
Industry
December 6, 2024
Analysts Apprehensive of Las Vegas, Optimistic About Macau’s Growth
Despite a promising outlook for Macau, analysts remain cautious about the trajectory of the Las Vegas gaming market as Strip revenues continue to show year-over-year declines. With the difficult comparisons against the strong performance in late 2023, there are still concerns regarding the near-term prospects of Nevada’s flagship gaming destination. The Strip Struggles to Regain […]
Sports
December 6, 2024
Macau and the NBA Back on Good Terms in Renewed Pre-Season Game Deal
The National Basketball Association (NBA) has signed a deal with the Sands China in Macau. The association is looking to host two pre-season games in the Special Administrative Region (SAR), which are part of sprawling efforts to popularize the sport in Macau but to similarly help diversify the region’s economy, pulling it further away from […]
Industry
December 2, 2024
Macau Anticipates Changes to Economy Under New Leadership Strategy
The gambling sector represents a major part of the tax revenue in Macau, China’s special administrative region where the activity is legal. With approximately 80% of the revenue coming from gambling activities, the region hinted at plans to shift its focus from gambling to tourism, entertainment, leisure and hospitality. The aforementioned plan was first announced […]
Industry
November 20, 2024
Macau’s Gaming Sector Faces Global Pressures
Macau’s gaming industry is navigating a complex landscape shaped by robust recovery prospects and the looming shadow of international geopolitical pressures. Recent data indicates an optimistic upward trajectory in gross gaming revenue (GGR), but doubts persist due to external influences and shifting investor sentiments. Financial Forecasts Remain Positive Gross gaming revenues in Macau surged 6.6% […]
Sports
November 19, 2024
Petr Yan vs. Deiveson Figueiredo UFC Macau Odds, Time, and Prediction
Both Petr Yan (17-5) and Deiveson Figueiredo (24-3-1) are ex-UFC champions but in different weight classes. Yan used to be the UFC Bantamweight champ, while Figgy is a former 2-time champ in the division below. Since moving to the 135-pound class, he’s 3-0, but UFC Macau odds suggest he’s going to lose to Yan. Should […]
Industry
November 12, 2024
Galaxy Entertainment Group Chair Lui Che Woo Passes Away
Galaxy Entertainment Group (GEG), a company that operates casinos and hotels in Macau, has announced with a heavy heart that its chairman and founder passed away. The company added that it doesn’t expect the unfortunate event to have an impact on its operations. GEG Bid Farewell to a Great Leader According to the announcement, Dr […]
