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NO MESMO DIA: The Macau operations of casino firm Las Vegas Sands Corp have not been performing as expected, says Robert Goldstein (pictured in a file photo), the group’s chairman and chief executive. That was in the context of the casino firm, according to him, not being as competitive as it should be regarding incentives to customers, as well as in terms of increasing earnings before interest, taxation, depreciation, and amortisation (EBITDA) across the Macau portfolio. Las Vegas Sands runs casino resorts in Macau via its Sands China Ltd unit, and the Marina Bay Sands property in Singapore, via its Marina Bay Sands Pte Ltd unit. “Macau has always been a market predicated on product, on retail, and quality of food, and the product drove revenue. What’s happened is it’s gotten [a] much more incentive-driven market – direct incentive to the customer – [and] we’ve not played that game as well as others have,” stated the executive during a session on Thursday at the Bernstein 41st Annual ...

may25 Os casinos que operam em Macau facturaram, no mês de Abril, 18,8 mil milhões de patacas, o que revela um crescimento de 1,7% em relação a Abril de 2024. Apesar do crescimento, as receitas brutas ainda estão abaixo das previsões do Governo, que esperava uma média mensal de 20 mil milhões de patacas este ano. https://pontofinal-macau.com/2025/05/02/receitas-dos-casinos-com-crescimento-anual-mas-ainda-aquem-dos-objectivos-do-governo/ Following the release of  Macau’s gross gaming revenue results for April , analysts are now weighing their expectations for May and the rest of the year. Macau’s GGR tally for April was MOP18.86 billion ($2.35 billion), down by 4.1 percent monthly but up by 1.7 percent yearly. https://agbrief.com/news/macau/02/05/2025/analysts-adjust-expectations-for-macaus-may-ggr-and-fy25-following-april-results/  30ab25 Macau is undergoing its phoenix moment, with  operators pulling in profit s  that hadn’t been seen for some sad time. Looking at o...

 MAR25 Fitch Ratings Inc forecasts Macau’s gross domestic product (GDP) growth to slow to 6.9 percent this year  from 8.8 percent  in 2024, as the city’s gross gaming revenue (GGR) “is likely to rise more gradually to roughly 81 percent of its 2019 level, after a rebound in 2024”. The commentary was part of a Tuesday report in which the institution affirmed Macau’s long-term issuer default rating at “AA”, with a “stable” outlook. In its latest report on Macau, a special administrative region of China, Fitch analysts George Xu, Jeremy Zook and Jan Friederich wrote: “We expect GDP growth to be supported by continued, but slower, gaming tourism recovery, along with favourable visa policies for mainland visitors, non-gaming investments and enhanced tourism infrastructure.” They added: “However, a sharp slowdown in the Chinese economy, such as from substantial U.S. tariff hikes, and sharp yuan depreciation pose downside risks to Macau’s prospects.” https://www.ggrasia.com/fitc...