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Macao's June Gross Gaming Revenue Lower Than Expected, Macquarie Says
Macao's gross gaming revenue hit 17.7 billion Macanese pataca in June, down 12% sequentially and 26% lower from the comparable 2019 period, Macquarie said in a note published on Tuesday.
Macau's Gross Gaming Revenue Surges 16% in June
Macau's gross gaming revenue surged 16% to 17.7 billion Macanese patacas in June from 15.2 billion patacas in the year-ago period, according to data from the city's Gaming Inspection and Coordination Bureau released recently.
Macau Gaming Industry Association: Raising the threshold for free snacks will help control costs and have little impact on the revenue of gaming companies.
According to Song Weijie, the chairman of the Macau Gaming Association, raising the threshold for free snacks at casinos may have an impact on the revenue of the casino companies, but it is not expected to be significant.
China's Lottery Sales Jump Over 20% in April
China's April lottery tickets spiked 10.2% over the year to 55.46 billion yuan, according to a report from the General Affairs Department on Tuesday.
Macau Legend Development Sells MLD Resorts Laos
Macau Legend Development (HKG:1680) has completed the sale of the entire equity interest in MLD Resorts Laos to third-party buyer Shundo Yoshinari, a May 16 filing on the Hong Kong bourse said. MLD Re
Macau's Lijun completes sale of all shares in MLD Resorts Laos
Macau Lijun (01680) announced that a British Virgin Islands company with 51% of the buyer's shares, Jiechuang Co., Ltd. (Jiechuang Co., Ltd.) complies with the suitability requirements of the Lao Government, and MLD Laos has obtained the necessary approval from the Lao government for the sale and the target group business operated by Jiechuang Co., Ltd., so all the prerequisites under the agreement have been met. The sale was settled on May 16, 2024, and the buyer's rights and obligations under the agreement were transferred to Jiechuang Co., Ltd. on the same day before delivery in accordance with the terms and conditions of the agreement. After delivery, the Group no longer embraced
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