Casino
February 1, 2023
Macau Casino Revenue in January up 82.5%, Recovery on the Cards
Shares of Macau casino operators posted gains of between 3% and 5% after official data released by the Special Administrative Region (SAR) of China’s government revealed that gambling revenue in January nearly doubled. Substantial Revenue Increase Macau casinos generated MOP11.58 billion ($1.44 billion) in gross revenue in the first month of 2023 to post an […]
Casino
January 3, 2023
Macau’s Three-Day New Year’s Visitation Numbers Disappointed
Macau international visitation numbers during the three-day New Year’s holiday from December 31, 2022, to January 2, 2023, plunged compared to the same period in the year before. Down between 33% and 42% The Special Administrative Region (SAR) of China saw an aggregate of around 62,000 tourists for the holiday, bringing the total number of […]
Casino
November 11, 2022
Galaxy Entertainment Group: Q3 Impacted by Casino Closures
Galaxy Entertainment Group (GEG) filed to the Hong Kong Exchange an announcement on certain unaudited key performance indicators for the quarter that ended on September 30, 2022. Revenue Slumped, Outperformed Industry GEG’s announcement revealed that the company and its subsidiaries registered in the third quarter of 2022 group net revenue of HK$2 billion ($255 million), […]
Industry
October 18, 2022
Dismal Q3 for Macau Casinos, Negative 2022 Trend Continued
Casinos in Macau continued to struggle in the third quarter of 2022, revealed the quarterly gaming statistics report of the Gaming Inspection and Coordination Bureau (DICJ). Record-Low Year on the Horizon Macau casinos registered for the three months ended September 30, 2022, games of fortune gross revenue of just HK$5.55 billion ($707 million), sliding down […]
