Casino
May 5, 2021
Grand Lisboa Palace to Open This Year with 304 Gaming Tables
SJM Holdings has announced it could partially open Grand Lisboa Palace in Macau before the end of its Q2 of 2021. Grand Lisboa Palace in Macau to Open before the End of SJM’s Q2 SJM Holdings will open its long-anticipated Cotai integrated resort, Grand Lisboa Palace, in Macau, the gambling capital of the world. The […]
Casino
May 4, 2021
April Was Good to Macau, as Casinos Record Highest Total in More Than a Year
It can now be said, with guarded optimism, that Macau is headed in the right direction with its post-COVID-19 recovery. After suffering a year of virtually non-existent revenue, the city has now recorded two consecutive months of improvement, with March and April bringing substantial gains. The latest figures have been released by Macau’s Gaming Inspection […]
Casino
April 27, 2021
Macau Casinos Expected to See Significant Response for Upcoming Holiday
For virtually all of 2020, casino operators in Macau could only stare at empty or near-empty gaming floors as the COVID-19 pandemic locked the city down. Stress and anxiety were the terms du jour for months on end as it seemed like the situation would never improve. Macau ended the year with almost no positive […]
Casino
April 23, 2021
Las Vegas Sands Ready to Boost Asian Gaming Operations
Las Vegas (LVS) Sands might have its eye on expansion into Texas, but it appears to be ready to dedicate a lot more time to its casinos in Asia. The casino operator is expected to come into a serious amount of cash soon and isn’t quite sure what to do with it. According to a […]
Casino
April 22, 2021
Macau Continues to See its Gaming Market Rebound with New Gains
The good news is that Macau’s gambling scene appears to be headed in the right direction, with increases in gross gaming revenue (GGR) and run rates being reported in April. The bad news, though, is that it seems like the increases are bringing with them the return of certain bad elements, as the number of […]
Industry
April 15, 2021
Macau Could Be Positioning Itself Closer to Use of China’s Digital Currency
Several months ago, a disturbing report surfaced that indicated that Macau might be considering adopting China’s new digital currency, the digital yuan, as the primary currency at the city’s casinos. The rumors were initially refuted by city leaders; however, the revelation had been made by sources involved with the initiative. Now, there’s no denying the […]
Industry
April 14, 2021
Macau’s Gaming Market off to a Slow Start in Q1 2021
Macau was hit harder than most cities when the COVID-19 began to emerge. Having relied heavily on gaming for years, the sudden stop in international travel and the shutdown of the city’s casinos brought Macau to its knees, with several months reporting almost zero revenue. 2021 could eventually show some recovery, but it’s not happening […]
Casino
April 1, 2021
Macau March GGR Report Showed No Signs of Industry Recovery
The Gaming Inspection and Coordination Bureau in the Special Administrative Region (SAR) of China Macau released revenue figures from games of fortune for March, posting gross gaming revenue (GGR) of MOP8.31 billion ($1.04 billion). Far from Pre-Closure Levels March GGR represented an increase of 13.6% to the MOP7.31 billion the gaming industry in Macau generated […]
Industry
January 17, 2021
Chinese New Year Unlikely to Boost Macau Casinos Revenue
Local authorities in a number of Chinese provinces on the mainland cast fresh doubts on any prospects for the gaming industry in Macau after issuing advisory notes to their residents to avoid travelling during the festive Chinese New Year period, GGRAsia speculates in an article. Quiet Chinese New Year in Macau China’s State Council set […]
Industry
January 11, 2021
Macau Gaming Stocks to Gain in 2H21 Due to Concession Extension, New Hotel Room Supply
Gaming stocks in Macau have lost momentum due to the pandemic, but Morgan Stanley analysts expect a rise in late 2021 – early 2022 boosted by three key areas. Revenue in 2021 to Reach 65% of Pre-Pandemic Levels The current price of Macau gaming stocks has dropped significantly, аnalysts at investment bank Morgan Stanley point […]