Sands China reaffirms Macau conservatory commitment
Sands China CEO Grant Chum reaffirmed the Macau conservatory pledge under its gaming concession and pledged convention upgrades after 19 years of Venetian Arena events.
Seaport Sees 5% October Macau GGR Decline on Weak China
Seaport Research forecasts a 5 percent year-on-year drop in October Macau GGR, citing weaker Chinese macroeconomic conditions and offshore trust tax enforcement.
Okada Manila Fitch Downgrade as VIP Decline Deepens
Fitch expects competition and online migration to keep capping Okada Manila's recovery, with VIP table games down from 35% of GGR in 2023 to 20% in 2025.
NagaCorp GGR Falls 21.5% as VIP Revenue Deteriorates
NagaCorp's nine-month GGR fell 21.5% to $417.9 million as premium VIP revenue dropped 40.1%, referral VIP revenue fell 72.5%, and mass-market table revenue reversed its first-half growth.
Macau September GGR Down 1.2% to US$2.23 Billion
Macau casino GGR fell 1.2% year-on-year in September, tallying MOP18.06 billion or US$2.23 billion, as the fourth straight month of decline.
