Macao ‘guides’ gaming companies to pony up half of new $2.5 billion fund
The city’s new ‘Guidance Fund’ aims to reduce its reliance on gambling and diversify its economy Key Takeaways: The Macao government has launched a new 20 billion pataca ‘Guidance Fund’…
Macao gaming revenue falls for fourth consecutive month in September
Gross gaming revenue in Macao totaled 18.06 patacas ($22.35 billion) in September, down 1.2% year-over-year, marking the fourth consecutive month of declines since May, the city’s Gaming Inspection and Coordination…
Macao July gaming revenue tops 20 billion patacas in post-World Cup rebound
Macao's Gaming Inspection and Coordination Bureau announced on Sunday that gross gaming revenue for July fell 8.4% year-over-year to 20.26 billion Macao patacas ($2.52 billion). While the latest figure was…
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…
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…
Sa Sa spruces up sales but will it be just a cosmetic lift?
The Hong Kong drugstore chain has delivered double-digit growth in quarterly sales, driven by tourist and online spending, after axeing its Chinese stores Key Takeaways: Third-quarter revenue rose 12.5%, boosted…
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…
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