SJM is dealt a tough hand in Macao gambling shake-up
The gaming company is shedding most of its satellite casinos and focusing on core assets in a restructuring that has taken a chunk out of quarterly earnings Key Takeaways: Bucking…
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…
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…
Wynn Macau’s results miss the mark as gaming boom cools
Lower income from resort hotels and retail outlets has crimped the casino operator’s quarterly earnings, disappointing investors Key Takeaways： Wynn Macau revenues rose 6.3% to $870 million in the third…
Despite improvement, shrinking SJM runs low on luck
The former casino powerhouse’s revenue rose 73% in the first quarter, but it continued to lose money as it lagged many of its peers Key Takeaways: SJM Holdings lost HK$74…
Lady luck smiles on Wynn Macau with surging gaming recovery
The casino operator was a major beneficiary of the city’s post-pandemic rebound, and is likely to further pare its debt load amid a sustained recovery this year Key Takeways: Wynn…
As high rollers stay home, Sands China bets on mass market to fill the gap
The casino giant’s revenue quadrupled last year on a strong post-Covid tourism rebound, as it returned to the black with a $690 million annual profit Key Takeaways: Sands China returned…
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