01/22/24 Macau GGR reaches US$1.61bn for first 21 days of January Analysts at JP Morgan say Macau’s casino gross gaming revenue reached a daily run-rate of MOP619m.
01/22/24 Macau GGR per tourist to grow 6% in 2024, analysts say The Bank of East Asia has forecast that GGR will reach nearly 80 per cent of 2019 levels.
01/19/24 China: 32,000 arrested over cross-border gambling in 2023 Over 35,000 illegal border crossing cases were detected and 32,000 people were arrested in 2023.
01/19/24 Japan’s first IR spurs hotel investment interest Ascott Limited targets hotel investment growth in Osaka following Japan’s approval of its first integrated resort with a casino there.
01/18/24 Grand Korea Leisure posts net income of US$32.8m for 2023 The South Korean casino operator has returned to profitability in 2023, posting a net income of KRW44.08bn (US$32.8m) for the full year, up 51.3 per cent year-on-year.
01/17/24 Macau mass baccarat GGR surges 12.6% in Q4 Mass baccarat revenue was MOP33.53bn (US$4.16bn) in the fourth quarter of the year 2023.
01/17/24 Macau GGR to rise 20.6% year-on-year in 2024, analysts say Analysts at Deutsche Bank predict Macau’s gross gaming revenue (GGR) could reach over US$27.62bn in 2024, driven by a surge in mass-market GGR.
01/17/24 Chinese official urges stronger crackdown on cross-border gambling Senior Chinese official Wang Xiaohong called for enhanced efforts, resource concentration, and strengthened coordination to eradicate gambling activities.
01/17/24 Citigroup: Macau sees surge in premium mass wager in January Analysts at Citigroup have reported a 26 per cent month-on-month increase in premium mass baccarat wagers, with at least 98 new tables added in January.
01/17/24 Wynn Macau announced a pay rise for its employees Wynn Macau has announced it will reward 11,390 workers with pay hikes of up to 6 per cent.
01/16/24 Macau daily GGR reaches US$74m in second week of January Analysts at JP Morgan still expect Macau’s January GGR to reach MOP17.5-18bn, despite a decrease from New Year holiday levels.
01/16/24 Galaxy Entertainment Group announces pay raise for its employees Galaxy Entertainment Group has announced a pay raise for over 90 per cent of its team members, effective from April 1.
