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: SJM completes L’Arc Hotel acquisition
Macao casino operator SJM Holdings Ltd. (0880.HK) announced on Sunday that it completed its acquisition of Arc of Triumph Development Co. Ltd. on Dec. 17, making Arc a wholly owned…
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…
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: China Ruyi returns to profit in first half of 2025
Film and entertainment company China Ruyi Holdings Ltd. (0136.HK) announced on Wednesday that it expects to report a net profit of between 1 billion yuan ($139 million) and 1.2 billion…
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…
