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…
Wynn Macau bets on concerts as a winning strategy
After missing the mark with its quarterly earnings, the Macao casino operator is building a big entertainment complex as an added draw for tourists Key Takeaways: Disappointing gaming results from…
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…
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%…
Sands China gambles on room revamp to revive flagging profits
The Macao casino operator has reported a drop in quarterly profit but is banking on demand for its refurbished rooms during May’s Golden Week holidays Key Takeaways: Sands China’s first-quarter…
BRIEF: Sands China chairman to step down in March 2026
Casino operator Sands China Ltd. (1928.HK) announced on Friday that Robert Goldstein will step down as its chairman effective March 1, 2026. It added Goldstein will transition from his role…
