The drop in Macau’s gross gambling revenue is expected to moderate slightly in May, but there are still no clear signs of recovery, UBS analyst Anthony Wong wrote in a note. He said May GGR has been around MOP730 million ($91.4 million), up from MOP690 million and MOP640 million in March and April respectively. However, […]
SunCity will be enlarging its footprint in Manila soon, with fixed room operations in City of Dreams and Bloomberry’s Solaire Casino, UBS analysts said in a note. The group will commit to a total of 42 tables in the two casinos and plans to invest a total of HK$1 billion ($128.8 million) in initial cage […]
Macau’s Galaxy Phase 2 may only be granted up to 150 new gaming tables, far less than what it can accommodate, USB analysts argue. “There have been rumors that Galaxy [phase two] can accommodate 500 [new gaming tables]. The management [of the resort] hopes that they can have 300 [new gaming tables]. The market predicts […]
Europe could be the beneficiary of Macau’s ongoing struggles as casino and junket operators eye investment opportunities on the continent in a process which has already seen Australia, Cambodia and Vietnam dramatically grow their gaming sectors.“The opportunity and the timing is there for the adventurous Asian casino owner or Asian junket looking for new experiences,” said Steve Karoul, president and CEO of Euro-Asia Consulting.