Macao Gambling Revenue Was Down 63% in January

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Review Journal

Macao regulators release July gaming revenue results

Macao casinos had their best month of 2023, one year after having their worst month of 2022. Macao's Gaming Inspection and Coordination Bureau on Tuesday reported gross gaming revenue of $2.075 billion (U.S), the most won in the special administrative region since January 2020. By comparison, the state of Nevada last week reported gaming win of…

Finance ・ 02 August 2023

The Motley Fool

A "Powerful Recovery" in Macao Could Help Lift Las Vegas Sands Stock

The pandemic dealt a tough blow to casino resorts, but business is gearing up again. With its Singapore resort humming along nicely and Macao back open for business, Las Vegas Sands (LVS 2.62%) is focused on recovery and a bright future. Let's look at the company's recent quarterly results to get a better idea of where the casino stock might be…

Finance ・ 01 May 2023

Reuters

Las Vegas Sands results beat Wall Street estimates on March demand

NEW YORK, April 19 (Reuters) - Las Vegas Sands Corp (LVS.N) on Wednesday reported quarterly revenue that surpassed Wall Street estimates as March visitation levels accelerated gaming volumes, retail sales and hotel occupancy. The Las Vegas-based casino operator said traffic is rebounding in Singapore and Macao, and it expects further improvement in…

Travel ・ 20 April 2023

Gambling News

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. Macau casinos generated MOP11.58 billion ($1.44 billion) in gross revenue in the first month of 2023 to post an increase of 82.5%…

Finance ・ 01 February 2023

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Review Journal

Disappointing gaming revenue in Macao continues to saddle Las Vegas company-owned operations in the Chinese region as a result of COVID-19 restrictions.

Macao reported another disappointing month of gaming revenue in November with the region reporting winning $374.4 million, a 55.6 percent decline from November 2021. Macao's Gaming Inspection and Coordination Bureau on Thursday said the region has had only one month - February - in which the region's 39 casinos made more money than they did a year…

Covid ・ 02 December 2022

The Nevada Independent

Analysts: Nevada casinos headed toward a second-straight revenue record year

Historically, Nevada gaming revenue averages a 9 percent decline between July and August. The Gaming Control Board said Thursday that August's statewide gaming revenue figure of more than $1.2 billion was a 3.5 percent increase from a year ago, even as the market was down 8.2 percent from July - well within the historical trend. But with statewide…

Land-based ・ 29 September 2022

Yogonet

Macau casino gaming revenue hits all-time low in July collecting only $49M amid Covid restrictions

According to the Gaming Inspection and Coordination Bureau, Macau's gaming revenue has hit an all-time low; their worst month ever since records began in 2009. Data shows gross gaming revenue fell 95% to 398 million patacas ($49 million) in July, 98% lower than pre-pandemic levels. Macau's casinos reopened on July 23, after a nearly two-week…

Covid ・ 24 September 2022

World Casino News

Slight September progress for Macau casinos

The almost 40 casinos in Macau reportedly managed to rack up some $11.3 million in aggregated gross gaming revenues for the seven days from September 4 despite the continuing presence of coronavirus-related travel restrictions. According to a report from Asia Gaming Brief citing information from prominent Asian brokerage firm Sanford C Bernstein…

Covid ・ 15 September 2022

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Review Journal

Macao casino reopen, but business continues to be slow and will be for some time

The good news for Macao's 41 casinos is that the government has allowed the properties to open their doors again. The bad news: Not many people are coming through them. The fact that tourists face a seven-day quarantine before being allowed into the region is one big reason for the lack of visitors, according to a source familiar with the situation…

Covid ・ 27 July 2022

The Street

Las Vegas Casinos Should See Bump From Macau Reopening

Macau has been in dire straits for more than the past week. Earlier this month, the Chinese government announced that it would close all casinos in Macau starting July 11 as the region battles a covid-19 outbreak that infected nearly 1500 people over a three week period in the city of 680000. During previous outbreaks, the Chinese government had…

Land-based ・ 21 July 2022

Review Journal

Macao casino shutdowns extended five days

Stock market prices for the affiliates of three Las Vegas companies operating in Macao began rebounding Monday, even after a weeklong government-ordered casino shutdown was extended by five days. The casino lockdown, which began July 11 and had been set to expire Sunday, is now scheduled to end July 23. Analysts have estimated the closures will…

Covid ・ 18 July 2022

Review Journal

Weeklong Macao casino shutdown affecting Sands, MGM, Wynn begins

Macao casino resorts closed their doors Monday as a weeklong government-ordered shutdown began in the region, taking a toll on properties including several operated by three Las Vegas-based companies. Because of elevated COVID-19 case numbers, Macao Secretary for Administration and Justice Andrew Cheong Weng Chun on Saturday ordered a closure of…

Covid ・ 11 July 2022

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Yogonet

Macau casino revenue plunges 68% to new 18-month low in April amid tourism drought

Macau casino revenue has plunged to an 18-month low amid the ongoing impact of the pandemic on the gaming destination. Revenue for April fell 68% from a year earlier as the world's biggest gambling hub suffers from a tourist drought related to China's Covid lockdown measures. According to official data from the Gaming Inspection and Coordination…

Travel ・ 02 June 2022

Review Journal

Macao gaming revenue slumps by 68 percent in May

On the day Chinese authorities lifted COVID-19 restrictions in Shanghai, Macao's Gaming Inspection and Coordination Bureau reported another steep decline in gross gaming revenue for the month of May. The bureau that monitors gaming revenue for Macao's 41 casinos - including several owned and operated by three Las Vegas-based companies - reported…

Finance ・ 02 June 2022

World Casino News

Macau casinos experienced an April slump

The over 40 casinos in Macau reportedly saw their aggregated gross gaming revenues for April decline by over 68% year-on-year to hit a 19-month low of just over $331.19 million. According to a report from GGRAsia citing official information from the enclave's Gaming Inspection and Coordination Bureau regulator, the disappointing result equated to a…

Travel ・ 02 May 2022

Review Journal

Macao gaming revenue dips to an 18-month low

Macao gaming revenue slumped to an 18-month low in March, Macao's Gaming Inspection and Coordination Bureau reported Friday. It was the second month this year that gross gaming revenue was below 2021 levels. The market showed a 6.1 percent rebound in February, thanks primarily to increased visitation during Chinese New Year celebrations. The bureau…

Finance ・ 02 April 2022

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Macau's casinos still have difficulty recovering from COVID-19 as revenue stays in a slump

According to a Monday note from Sanford C. Bernstein Ltd., Macau's gross gaming revenue (GGR) for the first 20 days of February was only 35% of that in February 2019. This period includes the Chinese New Year (CNY) holiday, which had seen a significant uptick in activity. In 2019, the CNY was on February 5. It was a busy time for Macau's casinos.…

Covid ・ 22 February 2022

The Motley Fool

Las Vegas Is a Better Bet as Macao Gambling Revenue Tumbles

The recovery in casino gambling in Macao always seems to be just around the corner, but it never quite arrives. Yet another plunge in monthly gambling revenue in October shows the rebound remains over the horizon and makes Las Vegas casinos the better bet. For those resort operators like Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN)…

Finance ・ 13 November 2021

GGRAsia

Macau casino GGR down 37pct m-o-m in June: govt

Macau casino gross gaming revenue (GGR) declined by 37.4 percent sequentially in June, to MOP6.54 billion (US$817.7 million) compared to MOP10.45 billion in May. Judged year-on-year, June GGR was up 812.5 percent, according to data issued on Thursday by the city's casino regulator, the Gaming Inspection and Coordination Bureau, a body also known as…

Covid ・ 12 September 2021

Vegas Slots Online

Macau Casinos See First GGR Rise Since September 2019

After a difficult 2020 impacted by the effects of the COVID-19 pandemic, Macau casinos saw gross gaming revenue (GGR) increase for the first time since 2019 last month. Macau gaming revenue totaled MOP 7.31bn ($915.3m) for the month of February According to data released by Macau's Gaming Inspection and Coordination Bureau (DICJ), Macau gaming…

New Year ・ 31 July 2021

GGRAsia

Macau casino GGR down 9pct m-o-m in February: govt

Macau casino gross gaming revenue (GGR) declined 8.9 percent sequentially in February, to MOP7.31 billion (US$914 million), compared to just above MOP8.02 billion in January, according to data issued on Monday by the city's casino regulator, the Gaming Inspection and Coordination Bureau, a body also known as DICJ. February GGR was up 135.6 percent…

New Year ・ 18 May 2021

Yogonet

China issues crackdown warning on cross-border gambling ahead of Chinese New Year

few days ahead of the Chinese New Year holidays, mainland Chinese authorities have urged Chinese nationals who are involved in cross-border gambling activities to turn themselves in, according to a notice co-drafted by the Supreme People's Court, the Supreme People's Procuratorate and the Ministry of Public Security. During a press conference…

New Year ・ 09 February 2021