Macau GGR up 26% year-on-year to MOP$18.5 billion in April
Macau’s gross gaming revenue came in at MOP$18.55 billion (US$2.30 billion) in April, representing a 26.0% year-on-year increase although slightly down on the MOP$19.5 billion (US$2.42 billion) recorded in March. The daily run-rate of MOP$618 million (US$76.7 million) was 1.7%...
Read moreMelco targeting Indian market with Sri Lanka casino investment, flags annual GGR up to US$250 million
Melco Resorts & Entertainment’s casino project in Sri Lanka will predominantly target the Indian market, with estimated annual gaming revenues of up to US$250 million per year, the company stated on Tuesday. As reported by IAG, Melco will fit-out and...
Melco names Tim Kelly as new Property President of City of Dreams Macau
Melco Resorts & Entertainment has named former Wynn Palace and Atlantis Dubai executive Tim Kelly as Property President of City of Dreams Macau. The announcement was made by Melco Chairman and CEO Lawrence Ho during the company’s 1Q24 results announcement...
Melco cites renewed marketing initiatives as 1Q24 gaming revenues climb 53% year-on-year to US$913 million
Melco Resorts & Entertainment Chairman and CEO Lawrence Ho has pointed to the implementation of new marketing initiatives at the company’s Macau integrated resorts for improved fortunes in 1Q24, which saw total operating revenues climb 55.3% year-on-year to US$1.11 billion....
Melco awarded 20-year license to operate City of Dreams Sri Lanka
Melco Resorts & Entertainment Limited has announced a partnership with Colombo-listed John Keells Holdings PLC under which it will operate the casino and hotel rooms at Sri Lanka’s Cinnamon Life Integrated Resort. Under the partnership, the US$1 billion development will...
Macau’s DICJ approves new Tiger Baccarat side bets
A number of Macau’s concessionaires have been preparing to roll out a new baccarat side bet offering odds as high as 50/1 after it received approval from the local regulator, the Gaming Inspection and Coordination Bureau (DICJ). The side bet,...
Bloomberry completes settlement with GGAM after acquiring former partner’s US$290 million share holding
Bloomberry Resorts Corporation said Tuesday it has completed the purchase of US$290.5 million worth of shares from its former partner, Gaming Asset Management (GGAM) Philippines LLC, as part of a recent settlement agreement. The purchase, by way of a Special...
First speakers announced for G2E Asia Conference in Macau
G2E Asia has released its first list of speakers for the upcoming G2E Asia Conference, to be held at The Venetian Macao from 4 to 6 June 2024. The event will represent the first full-sized G2E Asia expo and conference...