MGM China Reportedly Looking to Borrow $2BMGM China, the China-facing division of gaming & hospitality giant MGM Resorts, is reportedly looking to borrow $2 billion to expand its properties in Macau and refinance its outstanding debt.A Loan Makes Sense Considering MGM China’s Strong PositionAcco
Macau’s Chief Executive, Sam Hou Fai, has been in office for two months and is about to deliver his first policy address. While there has been some concern around his attitude towards the city’s sizeable gaming industry, Sam outlined his views on Thursday morning while attending the first plenary se
MGM China is expected to report solid financial results for Q4 2024, with Adjusted EBITDA projected to reach HK$2 billion ($250 million), marking a 5% increase from the previous quarter. This growth reflects continued momentum as the company capitalizes on its post-COVID recovery. According to inves
Macau’s gaming sector could outperform market expectations in 2025, bolstered by continued policy support from Beijing and a stronger-than-expected rebound in gross gaming revenue (GGR), according to analysts at Macquarie. The investment bank believes that consensus forecasts of +6% GGR grow
Macau’s casino industry recorded a second consecutive month of year-on-year declines in January, with gross gaming revenue (GGR) falling 5.6% to MOP 18.25 billion ($2.27 billion), as seasonal factors weighed on performance, government data showed. The drop follows a 2.0% decline in December 2024, ma
After a subdued start to the year in January, when gross gaming revenues fell by 5.6% year-on-year to MOP$18.25 billion (US$2.27 billion), analysts are keeping a close eye on the current Chinese New Year Golden Week holiday to determine whether Macau’s gaming operators can turn it all around in Febr
Macau’s concessionaires printed their best combined gaming revenue result in 20 quarters in the December 2024 quarter, but a sector-wide rally of their relentlessly depressed stocks remains unlikely, according to investment bank JP Morgan.In a Thursday note previewing the upcoming 4Q24 results seaso
The new year is off to a stronger start than 2024, according to Jefferies Equity Research analyst Anne Ling. In a January 6 investor note, she said the early data from Macau “supports our bullish view.”Calling the numbers “modestly positive for stocks,” Ling cautioned that revenue would probably sla
Macau mass-market gaming-revenue share will likely be the biggest element to the 2025 story for Las Vegas Sands, according to Deutsche Bank. The report recommended a Buy rating, citing potential development opportunities in New York, Texas, and Thailand."In 1977, Reggie Jackson referred to himself a
Macau’s gross gaming revenue (GGR) is projected to grow by 8% year-on-year in 2025, buoyed by robust travel spending among Chinese tourists, Goldman Sachs said in a recent report. The investment bank highlighted a broader rebound in China’s travel sector, forecasting travel spending to grow 7% in 20
Information from Macau’s Financial Services Bureau (DSF) shows that the government’s gaming tax revenue in November reached MOP$8.0 billion (US$999 million), up 6.4% year-on-year and some 20.3% higher than in October.The November tax figure correlates to Macau’s gross gaming revenues for the month o
Anticipation of a presidential visit to Macau by Chinese leader Xi Jinping has put a damper on early December casino revenues in the enclave. That’s the take of Jefferies Equity Research analyst David Katz, in an investor note published December 9.Katz assured his readers that casino winnings “shoul
The adoption of smart gaming tables across the market and the launch of new high-end hotel suite products will likely mean much greater competition between concessionaires in the Macau market, according to a leading MGM China executive.Vivian Chan, the company’s SVP Finance and Acting CFO, detailed
Analysts in Macau believe that the region will witness an improved December after GGR for last month stood at MOP$18.4bn ($2.30bn).Despite November finishing relatively strong compared to a slow start, Macau’s Gaming Inspection and Coordination Bureau declared daily GGR of MOP$615m (US$77m) – a figu
Macau’s gaming industry is poised for a resurgence in 2025, with gross gaming revenue (GGR) expected to rise as tourism rebounds and casino operators expand their offerings, according to industry analysts and government forecasts. The Macau government has projected a GGR of MOP240 billion ($30 bill
Macau’s government has forecast an 11% increase in gross gaming revenue (GGR) for 2025, projecting that the city’s casino industry will generate 240 billion patacas ($29.93 billion) as post-COVID tourism recovery boosts visitation. The GGR forecast, part of the 2025 budget proposal submitted to Maca
