BRIEF: MGM China’s revenue, profit edge up in second quarter
Macau casino operator MGM China Holdings Ltd. (2282.HK) on Thursday reported its revenue totaled HK$8.67 billion ($1.1 billion) in the second quarter, up 18.9% year-on-year, while its adjusted earnings before…
BRIEF: Sands China second-quarter profit drops 13%
Casino operator Sands China Ltd. (2282.HK) reported on Thursday its net revenue rose 2.5% year-on-year to $1.79 billion in the second quarter, while its net income dropped 13% to $214…
INDUSTRY BRIEF: Macao’s June gaming revenue jumps nearly 20%
Macao’s gross gaming revenue totaled 21.06 billion patacas ($2.6 billion) in June, up 19% year-on-year though slipping 0.6% from May, the city’s Gaming Inspection and Coordination Bureau said on Tuesday.…
Macao’s end of an era, and a ghost ship in search of a business
An era has ended in Macao with the planned closure of the city's remaining "satellite casinos" by the end of the year. Does this represent the latest step in the corporatization of Macao? And former financier-turned-educator-turned -food seller Qudian has announced it's pulling out of its latest foray into last-mile delivery. What value for investors is there in this kind of ever-changing company?
‘Satellite casino’ era winds down in transforming Macao
The phasing out of smaller casinos operated by licensed gaming firms in non-gaming properties could help to boost gaming company margins Key Takeaways: All 11 of Macao’s “satellite casinos” will…
Macao’s gaming fatigue takes the roar out of MGM China
Once a favorite of investment banks for its strong post-pandemic performance, MGM China’s business started to contract in the first quarter of 2025 Key Takeaways: MGM China’s revenue fell 3%…
BRIEF: Macao gaming revenue rises year-on-year in April, but dips month-on-month
Macao generated gross gaming revenue of 18.86 billion patacas ($2.35 billion) in April, up 1.7% year-on-year but down 4.1% month-on-month, according to data from the city’s Gaming Inspection and Coordination…
