The concessionaire’s first quarter results add weight to analysts’ predictions that it will be the first casino operator in Macao to match or exceed its pre-Covid performance.
revenue
CEO Ambrose So hails summer opening of Grand Lisboa Palace and significant improvement in operating results.
US gaming company’s two hotels put in sterling performance, attributing success to premium mass market.
Casino licenses will expire in June 2022, but analysts predict they may well be extended due to the pandemic. Public consultation is still due to go ahead.
Macao’s Hong Kong-listed gaming operator Galaxy Entertainment Group (GEG) has announced a 34% quarter-on-quarter growth in its net revenue to HK$1.6 billion (MOP 1.65 billion) in the third quarter.
Gaming operator Melco Resorts & Entertainment Limited reported on Thursday an 85% year-on-year decline in its third-quarter total operating revenues to US$210 million.
Melco Resorts & Entertainment Limited announced on Thursday that its total operating revenues for the second quarter fell about 88% to US$0.18 billion.
The government’s total current revenue fell 61.9% year-on-year to MOP 28.53 billion in the first seven months of this year, the Financial Services Bureau (DSF) announced on Wednesday.
Wynn Macau said that its total operating revenues fell 98.2% year-on-year to US$20.6 million (MOP 163.9 million) in the first quarter of the year.