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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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Fitch Asia Markets

Fitch Pegs Japan IR Revenues at US$6 Billion

Fitch Ratings has estimated that the first round of IR construction in Japan will create revenues in the US$6 billion range, much smaller than, for example, the Morgan Stanley report of April 11 which foresaw a US$15 billion Japanese IR market developing by 2025.

Casino Entry Fee Remains Point of Contention

Japan’s proposed anti-addiction measures are viewed as generally “well-balanced,” though a lowering of the casino entry fee should be considered, said experts at the Japan Gaming Congress on Friday.

Hong Kong Jockey Club Warns about Illegal Betting

Illegal gambling is growing twice as fast as wagering and about US$140 billion is laundered annually though illegal markets, local media reports.

Laguna Lăng Cô Receives Casino License, Expects 2022 Opening

The Laguna Lăng Cô integrated resort is expected to open its new casino in 2022, after receiving the country’s first casino license in ten years.

Shares in South Korea’s Casino Operators Rally Ahead of Summit

Shares in South Korea’s casino operators rallied on Tuesday ahead of a summit between US President Donald Trump and North Korea’s Kim Jong-Un on hopes for greater cross border cooperation, including a potential casino project.