Tag: macau
LVS CEO: Londoner Macao Attracts Both Foreigners and Chinese Visitors
The Londoner Macao casino resort’s British theme is a big draw for international as well as Chinese customers, as Macau recovers from the impact of nearly three years of travel restrictions during the Covid-19 pandemic, says Robert Goldstein (pictured), chairman and chief executive of the resort’s parent company Las Vegas Sands Corp (LVS). He was […]
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Morgan Stanley Identifies Top Five Sportsbook Operators Poised for Growth through Acquisitions
After expressing their belief that gambling in Macau is on the right track for recovery thanks to optimistic 2023 estimates, gambling experts at Morgan Stanley have made fresh speculation on the rising number of sportsbook-related deals that will be sealed in 2023 and beyond. In a note issued to their clients, the analysts working for […]
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Citigroup survey: Sands leads premium mass segment in Macau
Sands China Ltd is estimated currently to be market leader, by share of total wager, in Macau’s ‘premium mass’ gambling segment, according to a Sunday note from Citigroup Global Markets Inc. “Sands China dethroned Galaxy [Entertainment Group Ltd] to become premium mass leader with an approximately 24-percent market share in total wager observed,” wrote analysts […]
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Ponte 16 CEO approves Macau’s bet-credit plan for satellite casinos
The Macau government’s proposed rejig of gambling-credit law is unlikely to have much impact on the city’s existing satellite casinos, said Hoffman Ma Ho Man, one of the bosses of Macau gaming resort Ponte 16, in comments to GGRAsia. Though he added that was because such credit issuance had dramatically reduced in the Macau market […]
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Report: Raffles Hotel Galaxy Macau will not be open by Labour Day
The launch of the ‘Raffles at Galaxy Macau’ hotel tower (pictured, centre), part of Cotai’s Galaxy Macau Phase 3 project, would be “not in time for the Labour Day holiday,” reported the Sing Tao newspaper in Hong Kong. It mentioned a “labour issue”, adding this was an “industry-wide” problem. The news outlet also noted – […]
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