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The first seven days of October reportedly saw the over 35 casinos in Macau record aggregated daily gross gaming revenues that were some 12% lower year-on-year at approximately $142.33 million. According to a report from GGRAsia, this figure was detailed in a Tuesday note from Hong Kong-based brokerage firm JP Morgan Securities (Asia Pacific) ...
In Macau and it would appear that suspected instances of money laundering have recently decreased after the enclave’s Financial Intelligence Office purportedly revealed that it had received only 2,089 suspicious transaction reports since the start of the year. According to a story from GGRAsia, such reports are a good guide to the prevalence of ...
Following two months of comparable declines and aggregated gross gaming revenues from the over 35 casinos in Macau reportedly recovered in September courtesy of an increase of 0.57% year-on-year to slightly over $2.73 billion. According to a report from the Bloomberg news service citing official figures from the enclave’s Gaming Inspection and Coordination Bureau, ...
In Macau and prominent Asian junket firm, Suncity Group, has reportedly announced that it will be premiering a refurbished VIP gaming lounge inside the giant Galaxy Macau property from Tuesday. According to a report from GGRAsia, the private firm detailed that the refreshed facility located near the colossal venue’s Diamond Lobby entrance will go ...
Global brokerage and investments firm, Morgan Stanley, has reportedly become the latest to envision hard times ahead for the casino industry in Macau after it lowered an earlier forecast concerning what it expects the enclave to record in aggregated gross gaming revenues for the twelve months to the end of December. According to a ...
The government of Macau has reportedly announced that it recorded a 1.5% increase year-on-year in combined tax revenues from gaming for the eight months to the end of August to approximately $9.48 billion. According to a report from GGRAsia citing official data from the enclave’s Financial Services Bureau, this figure was higher than the ...
In Macau and the enclave’s Economy and Finance Secretary has reportedly warned that aggregated gross gaming revenues for September are likely to be lower when compared with the same month last year. According to a report from GGRAsia, Lionel Leong Vai Tac made the revelation on Monday by declaring that the outlook for the ...
The boss for prominent Asian junket operator, Suncity Group, has reportedly predicted that Macau could see an up to 20% decline year-on-year in fourth-quarter aggregated gross gaming revenues to around $7.79 billion. According to a report from GGRAsia, Alvin Chau Cheok Wa (pictured) made the forecast via a story published earlier today by the ...
The over 35 casinos in Macau reportedly had a bad August after they chalked up an 8.6% year-on-year decrease in aggregated gross gaming revenues to come in at slightly over $3 billion. According to a Sunday report from GGRAsia citing official figures from the enclave’s Gaming Inspection and Coordination Bureau, the result for the ...
In Macau and local businessman Ho Iat Seng (pictured) has reportedly been selected to replace the outgoing Fernando Chui Sai On and serve as the former Portuguese enclave’s third ever Chief Executive. According to a Sunday report, 62-year-old Ho previously worked as President for the city’s Legislative Assembly and was named to his new ...
In Macau and the latest government-backed visitor expenditure survey has reportedly shown that aggregated tourist spend on non-gaming activities during the second quarter dropped by some 4.8% year-on-year to stand at just over $1.94 billion. According to a Wednesday report from GGRAsia citing official information from the city’s Statistics and Census Service, the most ...
Almost a month after unveiling the final designs for a planned $2 billion expansion of its Wynn Macau property and casino operator, Wynn Resorts Limited, has reportedly announced that it hopes this scheme will eventually help to ease pressure on its nearby Wynn Palace Cotai venue. According to a report, this revelation came from ...
The local branches of two prominent brokerage firms have reportedly predicted that August aggregated gross gaming revenues from the over 35 casinos in Macau will be below where they were for the same month last year. According to a report, the revelations from Nomura Holdings Incorporated and Sanford C Bernstein and Company came after ...
The over 35 casinos in Macau reportedly had a bad July after ending a recent spurt of comparable growth to post a 3.5% decline year-on-year in aggregate gross gaming revenues to approximately $3.03 billion. Comparable disappointment: According to a Thursday report from GGRAsia citing official figures from the enclave’s Gaming Inspection and Coordination Bureau, ...
American casino operator, Las Vegas Sands Corporation, has reportedly utilized a conference call to discuss its most recent second-quarter financial results to update investors about the firm’s ongoing expansion efforts in Singapore and Macau. Singapore scheme: According to a Thursday report, the Las Vegas-headquartered giant had earlier unveiled plans to spend approximately $3.3 billion ...
The Asian branch of global brokerage firm, Sanford C Bernstein and Company, has reportedly predicted that the Macau’s 38-venue casino market will post comparatively flat aggregated gross gaming revenues for the month of July. Paltry performance: According to a report, the Hong Kong-headquartered entity stated that it expects the city’s casino industry to record ...
