INDUSTRY BRIEF: Macao gaming revenue up 6.7% in May
Macao’s gross gaming revenue (GGR) for May totaled 22.61 billion patacas ($2.8 billion), up 6.7% year-over-year and a 13.7% increase from the previous month, Macao's Gaming Inspection and Coordination Bureau…
BRIEF: MGM China raises $750 million through note issue
Casino operator MGM China Holdings Ltd. (2282.HK) said on Thursday it will issue $750 million worth of senior notes bearing an annual interest rate of 6.25%, payable semi-annually, and maturing…
INDUSTRY BRIEF: Macao gaming revenue rises 14% in first quarter
Macao’s gross gaming revenue (GGR) totaled 22.6 billion patacas ($2.8 billion) in March, up 15% year-on-year, the city’s Gaming Inspection and Coordination Bureau (DICJ) said on Wednesday, exceeded market expectation…
Parental love gone amok? MGM China feels the pain of licensing fee hike
The Macao gaming operator’s shares plunged after being saddled with a major increase for rights to use the name of its parent, MGM Resorts Key Takeaways: MGM China said its…
BRIEF: Sands China ekes out small revenue gain in third quarter
Casino operator Sands China Ltd. (1928.HK) reported on Thursday its net revenue rose 1.5% year-on-year in the third quarter to $272 million, as its adjusted property EBITDA rose by a…
Will Int’l Entertainment’s billion-dollar gamble finally pay off?
The property developer is betting heavily on its acquisition of a casino in Manila, as the Philippines privatizes its portfolio of government-owned properties Key Takeaways: International Entertainment Corp. issued its…
INDUSTRY BRIEF: Macao’s gaming revenue hits year-high in August
Macao’s gross gaming revenue reached 22.16 billion patacas ($2.76 billion) in August, up 12.2% year-on-year and edging up 0.14% from the previous month, the city’s Gaming Inspection and Coordination Bureau…
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