Macao’s end of an era, and a ghost ship in search of a business
An era has ended in Macao with the planned closure of the city's remaining "satellite casinos" by the end of the year. Does this represent the latest step in the corporatization of Macao? And former financier-turned-educator-turned -food seller Qudian has announced it's pulling out of its latest foray into last-mile delivery. What value for investors is there in this kind of ever-changing company?
‘Satellite casino’ era winds down in transforming Macao
The phasing out of smaller casinos operated by licensed gaming firms in non-gaming properties could help to boost gaming company margins Key Takeaways: All 11 of Macao’s “satellite casinos” will…
Macao’s gaming fatigue takes the roar out of MGM China
Once a favorite of investment banks for its strong post-pandemic performance, MGM China’s business started to contract in the first quarter of 2025 Key Takeaways: MGM China’s revenue fell 3%…
Sands China gambles on room revamp to revive flagging profits
The Macao casino operator has reported a drop in quarterly profit but is banking on demand for its refurbished rooms during May’s Golden Week holidays Key Takeaways: Sands China’s first-quarter…
BRIEF: SJM returns to the black on Macao gaming rebound
Casino operator SJM Holdings Ltd. (0880.HK) announced on Tuesday it returned to the black last year, ending four consecutive annual losses, as Macao’s gaming market rebounded with the end of…
BRIEF: MGM China’s growth slows in fourth quarter
Casino operator MGM China Holdings Ltd. (2282.HK) said on Thursday its revenue rose 4% to $1 billion in the fourth quarter from $983 million a year earlier, crediting improved casino…
Lady luck looks away from Sands China
The casino operator’s revenue declined in last year’s fourth quarter as the Macao gaming sector’s post-pandemic rebound lost steam Key Takeaways: Sands China reported its revenue fell 5% year-on-year in…
