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Bernstein reduces GGR estimates for May

Analysts from Bernstein Research have further reduced its Macau GGR estimates for the month of May, with border and travel restrictions continuing to impact...

May GGR expected to be down 90 – 95%: Bernstein

Analysts at Bernstein Research expect Macau to report a 90-95 percent year-on-year fall in GGR in the month of May, as the gambling enclave...

Crown normalized EBITDA reaches A$500 million

Crown Resorts on Monday reported a normalized EBITDA of approximately A$500 million (US$321.6 million) for the period from 1 July 2019 to 23 March...

Macau VIP results down 35% in 19Q4: MS

Analysts at Morgan Stanley estimate Macau’s VIP revenues to have declined 35 percent year-on-year in 19Q4, while mass and slots grew around 6 percent...

Macau GGR set for 8% growth in 2020, driven by VIP rebound

Macau gross gaming revenue could grow as much as 8 percent year-on-year in 2020, driven by VIP recovery in 20H2, and continued strength in...

Macau Q4 more challenged than expected: Nomura

Softer VIP volumes in November and tighter security measures during the Chinese President’s visit to Macau in December will weigh on Macau GGR in...

Bernstein lowers November GGR estimates

Analysts from Bernstein have lowered their estimates for Macau’s November GGR, driven by more than a 30 percent decline in VIP volume.  In a Tuesday...

MS revises down 2020 estimates on VIP decline

Morgan Stanley analysts on Monday said it has revised down its 2020 Macau forecasts, due mainly to weak VIP results in the third quarter...

Lawrence Ho expects 2019 to be a ‘down year’

Melco Resorts & Entertainment chief executive Lawrence Ho said he expects the US-China trade war and renminbi devaluation to cause a ‘down year’ for...

Macau ADR down in first ten days of November

The first ten days of November are off to a slow start in Macau, with month-to-date average daily revenue (ADR) down 10 percent year-on-year,...

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Puducherry government urges blanket ban on online gambling

The Puducherry union territory government has urged the union government to ban online gaming platforms and mobile apps, describing it as a necessity to protect the mental health of vulnerable people.
Bloomberry Foundation, PAGCOR complete quarantine facilities

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Bloomberry Foundation and the Philippine Amusement and Gaming Corp said they have completed the capital region’s largest quarantine facility for Covid-19 patients.
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Singapore police have busted at least two illegal gambling operations in the past week, while across Asia authorities have moved to stamp out illicit activities, from raids on premier league matches in India, to illegal number forecasting in Malaysia.
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Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.
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