MANILA, Philippines – Enrique Razon Jr.-led Bloomberry Resorts Corp., the operator of Solaire Resorts and Casino, will have to be “creative and aggressive” in its foray into online gaming if ...
Consolidated net revenue for the full year, meanwhile, rose by 10 percent to P53.1 billion from the previous year’s P48.4 billion. Gross gaming revenue stood at P61.7 billion, up by six percent ...
In December 2024, Macau collected MOP$7.08 billion ($884 million) in gaming tax, reflecting a 14.4% year-on-year increase but a 13% decline from November’s figures. The December tax intake corresponds ...
Under Macau’s 10-year gaming concession system that came into effect on January 1, 2023, the effective tax on casino gross gaming revenue (GGR) is 40 percent. The tax-take figures in a given calendar ...
To the relief of industry officials, Macau’s robust casino industry bounced back in February, racking up a staggering 19.74 billion Macanese Patacas (US$2.47 billion) in gross gaming revenue (GGR).
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you'll really earn) are typically around 1.5% to 2% lower. (Median ...
Galaxy Entertainment Group (GEG) Chairman Francis Lui expressed optimism on Thursday about Macau’s ability to reach its 2025 gross gaming revenue (GGR) target of MOP240 billion ($30 billion), despite ...
Macau casino revenue rose 6.8% year on year last month. It was a welcome turnaround from January, when the industry posted lower-than-expected results. Gross gaming revenue (GGR) in Macau came to ...
The most recent development for the Macau casino sector was very positive. Macau gross gaming revenue increased by 6.8% year-over-year in February to 19.74 billion patacas ($2.5 billion ...
The primary driver behind last 12 months revenue was the Gaming Components and Systems segment contributing a total revenue of US$843.7m (64% of total revenue). Notably, cost of sales worth US$988 ...
Macau’s gaming revenue rose 6.8% in February, exceeding analyst expectations, in a tentative sign that a slowdown that’s dragged on the world’s biggest gambling hub is starting to ease.