Retendering21-22

 mar26 SJM’s liquidity ‘adequate’ despite ‘weak’ 2025 results: Lucror https://www.ggrasia.com/sjms-liquidity-adequate-despite-weak-2025-results-lucror?utm_source=rss&utm_medium=rss&utm_campaign=sjms-liquidity-adequate-despite-weak-2025-results-lucror mar26 The risk of Macau concessionaire SJM Holdings not resuming dividend payments by 2027 has grown given the company’s need to focus its energies on deleveraging, according to investment group CLSA. In a Tuesday note, CLSA’s Jeffrey Kiang said SJM still had “some way to go” on the road to deleveraging, which should command a higher priority in capital allocation in 2026 and 2027. As such, “the risks of SJM not paying dividends in 2027 has grown” following  release last week of the company’s 4Q25 results , which saw Adjusted EBITDA fall 32% year-on-year and below forecasts to HK$671 million. “We think SJM faces more structural headwinds than other concessionaires amid the more aggressive spending program by Sands China si...

  No último ano, as receitas brutas do jogo de Macau foram mais de três vezes superiores às receitas dos casinos da ‘strip’ de Las Vegas. Os 8,8 mil milhões de dólares americanos arrecadados pela capital do jogo norte-americana, em 2025, equivaleram a 29% das receitas dos casinos da RAEM, segundo dados oficiais analisados pelo Jornal TRIBUNA DE MACAU. Apesar de ter registado receitas de jogo semelhantes às de 2024, sector do turismo de Las Vegas atingiu os valores mais baixos dos últimos quatro anos, em termos de visitantes, contrastando com o ano recorde de Macau PEDRO MILHEIRÃO Em 2025, os casinos da ‘strip’ de Las Vegas arrecadaram receitas brutas de 8,8 mil milhões de dólares americanos (71,3 mil milhões de patacas), valor similar ao registado no ano anterior, segundo dados da Comissão de Controlo do Jogo do Estado do Nevada compilados pelo Jornal TRIBUNA DE MACAU. Este montante correspondeu a 28,8% das receitas do jogo da RAEM, no último ano, cifradas em 247,4 mil milhões de p...

 fev26 The average nightly cost of a Macau five-star hotel room in January was MOP1,522.5 (US$189.0), down 2.9 percent year-on-year, while the average occupancy rate for the tier was 95.8 percent, up 0.8 percentage points from a year ago. That is according to the latest monthly survey from the Macau Hotel Association, published by the Macao Government Tourism Office. The survey figures were drawn from the 48 hotels that are members of the association, 27 of them five-star properties. Most of those five-star hotels are within casino resort complexes in the city. The rest of the association’s hotel members as of January were in either the four-star or three-star category: a few in casino resorts. Average nightly cost for all categories of hotel rooms covered by the survey declined by 3.8 percent year-on-year, to MOP1,359.4. Across the whole of 2025, the nightly cost of a Macau five-star room  fell 5.0 percent  year-on-year, to MOP1,513.5. Five-star accommodation dominates M...

fev26 GEG LUXO Galaxy Entertainment Group  is doubling down on entertainment and ultra-luxury is its cornerstone going forward, with recent openings of premium-focused hotels and offerings catering to more demanding customers. “Going forward […] the super premium mass market is the focus of our competition […] because people coming to Macau do not just want to gamble. We need to provide good F&B, good concerts to attend, retail, etc,” noted   GEG Chairman Francis Lui   at a media briefing for its   annual results   on Thursday. https://agbrief.com/news/macau/26/02/2026/ultra-luxury-and-super-premium-the-focus-of-galaxy-going-forward-management/?utm_source=Asia+Gaming+Brief&utm_campaign=02bb02de7b-AGB%3A+%2302334+Friday%2C+27th+February%2C+2026&utm_medium=email&utm_term=0_51950b5d21-02bb02de7b-%5BLIST_EMAIL_ID%5D&ct=t%28AGB%3A+%2302334+Friday%2C+27th+February%2C+2026%29&goal=0_51950b5d21-02bb02de7b-%5BLIST_EMAIL_ID%5D&mc_cid=02bb02de7b...

 fev26 Macau recorded a new all-time high in entries and exits at the borders of the SAR ten days ahead of the Lunar New Year—the world’s largest annual migration—authorities announced on Sunday. Macau’s Public Security Police (PSP) said the SAR’s borders registered around 867,000 crossings on Saturday, the highest number since daily records began. In a statement, the PSP said the largest share of movements (39.1 per cent) was attributed to tourists. Macau, the world’s casino capital, received around 174,000 visitors on Saturday, still well below the daily record of 188,000 set on 2 January. Meanwhile, Macau residents accounted for 36.7 per cent of border crossings, while migrant workers represented 21.6 per cent. According to PSP data, the territory’s largest checkpoint, the Border Gate, was also the busiest, with nearly 463,000 crossings—the highest daily figure in the past five years, since the start of the Covid-19 pandemic. In neighbouring Hong Kong, the Secretary for Culture,...

fwv26 A “new phenomenon” in the Macau casino market is that “even ahead of a holiday” there is “no slow period,” said Kenneth Feng Xiaofeng, chief executive of Macau operator MGM China Holdings Ltd. He was speaking on Thursday on the call of the parent, MGM Resorts International, to discuss the fourth-quarter earnings of the whole group. On Wednesday the parent had reported MGM China’s net revenue for the three months to December 31 as having  climbed 21.4 percent  year-on-year, to just under US$1.24 billion. The Macau unit had adjusted earnings before interest, taxation, depreciation, amortisation and rent (EBITDAR) of just under US$332.3 million for the reporting period, an increase of 30.5 percent from the same quarter a year earlier. Mr Feng was asked on the call about costs in the Macau market, business margins and the prospects for the upcoming Chinese New Year (CNY) break, a nine-day holiday on the Chinese mainland, that begins on February 15. The MGM China CEO stated: ...