Macau GGR climbs 33% year-on-year to MOP$10.3 billion in February

Macau government said to have reached consensus with bidders for combined US$12.5 billion investment during new 10-year concession period

Macau’s casinos recorded gross gaming revenue of MOP$10.32 billion (US$1.28 billion) in February, maintaining positive momentum following the removal of ...

Chief Executive Ho Iat Seng confident Macau GGR will reach MOP$130 billion this year

by Pierce Chan

27/02/2023

Macau’s Chief Executive, Ho Iat Seng, said Friday he is confident that gross gaming revenue would reach MOP$130 billion (US$16 ...

Galaxy’s Banyan Tree Macau appoints first Macau native to helm Forbes five-star hotel

Galaxy Entertainment Group reports US$433 million loss in 2022 despite strong sequential gain in Q4

by Ben Blaschke

24/02/2023

Galaxy Entertainment Group reported a loss attributable to shareholders of HK$3.4 billion (US$433 million) in 2022, down from a HK$1.3 ...

Morgan Stanley raises Macau 2023 EBITDA estimates by 70% on better gaming mix

by Ben Blaschke

21/02/2023

Investment bank Morgan Stanley said in a Monday note that it has raised its 2023 GGR and EBITDA estimates for ...

Macau GGR seen accelerating further over past week: JP Morgan

by Ben Blaschke

21/02/2023

Macau’s gaming revenues have further accelerated over the past seven days, reaching a three-year non-holiday high of MOP$400 million (US$50 ...

Tag: gross gaming revenue