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Macau’s Gambling King Leaves Behind Leadership Questions

The death this week of Stanley Ho, the towering figure of the gambling industry in Macau, produced global headlines, and for good reason: He...

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.

Trending Articles

Hokkaido Attracted Record Number of Tourists in FY2017

New figures show that Hokkaido attracted a record number of tourists in FY2017—56.1 million people—which was a 3% advance over the previous fiscal year.

Aichi Governor Omura Urged to Run for Reelection

A delegation of local mayors has asked Aichi Governor Hideaki Omura to run for reelection when his second term ends next February, a race that will have implications for the potential IR bids of both Tokoname city and Nagoya city.

City of Dreams Manila Opens VR Gaming Facility

Melco Resorts & Entertainment has opened Southeast Asia’s first Bandai Namco Virtual Reality gaming facility at its City of Dreams Manila IR in the Philippines.

Naruto City Wins Legal Case over Boat Race Payments

On Tuesday, the Naruto municipal authorities won a legal case that had been brought against them by local residents who were upset at payments made regarding boat race facilities to the nearby fishing cooperative.

Rush Street Japan Focuses on Tomakomai

In early October, Rush Street Gaming’s Japan branch was quietly established, with the Chicago-based firm currently looking at Tomakomai, Hokkaido, as the main direction for its IR license campaign.