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Mass Market Casino Revenues Eclipsing VIP

VIP as a percentage of casino revenues in Macau is expected to go down to as low as 34% by 2022 as the mass market becomes more dominant, according to estimates from Bernstein Research analysts.

Melco Reports 16% Gain in July-September 2019 Period

Melco Resorts & Entertainment reported a 16% gain in the July-September 2019 period helped by a strong performance at City of Dreams Macau and record results in the mass market and slots segments.

MGM China Gains 22% on Cotai Growth in July-September 2019 Period

The addition of 25 new-to-market VIP tables at MGM Cotai helped to spur revenue growth at MGM China, though the mass market is seen as the prime growth opportunity going forward.

SJM Holdings Misses Estimates in July-September 2019 Period

SJM Holdings reported lower-than-expected EBITDA in the July-September 2019 period as VIP gross gambling revenue tumbled 43% in the quarter.

Sega Sammy Creation Installs First Slots in Macau

Sega Sammy Creation has announced the installation of its first slot titles in Macau, and says it is optimistic about the future of its slot games in the Asian market.

Evan Winkler Appointed President of Melco Resorts

Melco Resorts & Entertainment has appointed Evan Winkler to the newly-created position of company president with effect from September 4.

Galaxy Earnings Flat But Tops Forecasts for April-June 2019 Period

Galaxy Entertainment posted flat adjusted EBITDA for the April-June 2019 period, as well as lower revenue, but the results nevertheless topped analysts’ forecasts, helped by higher hold.

Lisboa Palace Opening Delayed Again as SJM Gaming Revenue Falls

SJM Holdings is being buffeted by bad news as it has once again pushed back the completion date of its Grand Lisboa Palace resort at Cotai and reported a small decline in gaming revenue in the January-June 2019 period.

Lawrence Ho Upbeat on Japan as Melco Posts Strong Revenue Growth

Speaking on an earnings call for the April-June 2019 period, Melco Resorts & Entertainment Chairman and CEO Lawrence Ho remained upbeat about his firm's prospects in Japan.

Galaxy Hosts Hello Kitty Exhibition at Broadway Macau

In celebration of its 45th anniversary, Galaxy Entertainment is hosting the “Hello Kitty Hello Again” exhibition at Broadway Macau from July 18 to September 1.

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Wakayama Seminar

Wakayama IR Business Connect Seminar Fully Subscribed

The upcoming Wakayama IR Business-Connect Seminar has been fully subscribed, attracting over 200 companies from the Wakayama as well as greater Kansai Region.

Bloomberry Caught Up in Bangladesh Bank Heist Legal Case

Bloomberry Resorts said its gaming unit has been cited in a US civil case attempting to recover funds stolen from Bangladesh’s central bank.

Government Proposes Voluntary Measures to Combat Gambling Addiction

The central government is proposing new measures to combat the gambling addiction associated with pachinko, horse racing, bicycle racing, etc., but its unwillingness to make any of the new measures legally obligatory is expected to draw criticism from health professionals and other stakeholders.

Tokyo Adopts Revised Tsukiji Redevelopment Plan

The Tokyo Metropolitan Government decided on Friday to adopt the proposed plan for the redevelopment of the former Tsukiji fish market as an entertainment area hosting an international conference center. The initial proposals were revised, however, by emphasizing that “food culture” would be a major theme of the redevelopment.

Galaxy Entertainment Bringing Manchester City Football Club to Japan

Macau-based IR operator Galaxy Entertainment announced on Wednesday that they will sponsor the annual “EuroJapan Cup” for two consecutive years beginning this summer. Within this framework, English Premier League champions Manchester City Football Club will play the Yokohama F. Marinos at Yokohama’s Nissan Stadium on July 27.