Paradise enjoys 15.1% revenue surge in 2018 as Macau’s EGM demand grows
Macau’s Paradise Entertainment Limited saw revenue grow 15.1% to HK$1.16 billion (US$148.3 million) in the 12 months to 31 December 2018, with both its casino management and operations segment and sales of electronic gaming equipment and systems segment enjoying increases....
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Macau GGR trending downwards in March
Analysts from brokerage Sanford C Bernstein have lowered their March estimates following a weaker than expected seven days that saw VIP volume plummet by almost 20% compared with the same period in 2018. In a Monday note, analysts Vitaly Umansky,...
Satellite casinos at risk under Macau license re-tender, lawyer says
Macau’s satellite casino operators could find themselves on the outer under potential changes to the law as part of the SAR’s license re-tendering process. The possibility of such an imbroglio was put forward by Rui Pinto Proença, Partner at Macau...
Hong Kong-Zhuhai-Macau Bridge helps February Macau arrivals grow 15.5%
Visitors arrivals to Macau increased 15.5% year-on-year in February, with more than 3.5 million entries during the month. The positive figures have been attributed to a combination of factors including the Chinese New Year holiday and increased use of the...
MGM Cotai launches The Mansion luxury VIP enclave
MGM Cotai has finally opened its long-waited luxury VIP accommodation, The Mansion. MGM Resorts International Chairman and CEO Jim Murren revealed during an interview with Bloomberg that The Mansion came on-line on Thursday – roughly nine months after originally planned...
Philippines, Cambodia business drives APE to growth in 2018
Macau-based electronic gaming equipment distributor Asia Pioneer Entertainment (APE) booked a 361% increase in net profit to HK$20.7 million for the year ended 31 December 2018, buoyed by increasing business across Southeast Asia. Revenue of the group grew 27% year-on-year...
BMM flags 20% Asian growth, doubles size of Macau and Singapore teams
Independent gaming test laboratory BMM Testlabs says it enjoyed 20% year-on-year growth across Asia in 2018. Although the company didn’t reveal financial information, it stated in a news release posted on its website that there was strong growth across all...
Venetian Macao to host security drill this Friday
Macau’s law enforcement bodies will coordinate alongside the Venetian Macao this Friday to undertake the annual “Wolf Hunt” security simulation. The operation recreates a revenge attack and assault with weapons. The drill will aim to test the reaction of the...
