Happy Valley Casino Shockingly Posts Worst Month Since Launch
Happy Valley Casino opened its doors to customers in April. But despite changing leadership after an underwhelming start, the property is still hurting.
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SkyCity Opens Door to Takeover Bids After Rejecting Two Offers
SkyCity Entertainment Group has launched a structured process to consider potential takeover proposals after rejecting two unsolicited bids earlier this year. The company has appointed advisers to assess interest but says there is no guarantee of a sale.
Macau Q3 GDP Projected to Fall 2% as Gaming Slump Deepens
Macau's economy likely shrank about 2% in the third quarter as casino revenue fell, and brokers now expect October gaming revenue to decline too.
Macau Mass Baccarat Revenue Falls to 2026 Low in Q3
Macau's mass baccarat revenue dropped 4.5% to MOP33.6 billion ($4.03 billion) in the third quarter, its lowest of 2026, while VIP baccarat climbed 6.3%.
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Macau Casinos Face Q3 Profit Drop, CLSA and Goldman Warn
CLSA forecasts an 11% drop in Macau casino EBITDA for Q3, while Goldman Sachs sees a 9% fall, as rising commissions and soft gaming revenue squeeze margins.
Macau Holds 2026 Gaming Revenue Forecast Despite Slump
Chief Executive Sam Hou Fai says Macau will keep its MOP236 billion (US$29.2 billion) GGR target as October's Golden Week result becomes crucial for 2026.
Western Cape Gambling Tax Revenue Tops R1.19 Billion in 2026
Western Cape gambling tax collections reached R1.19 billion in the first seven months of 2026. Sports betting contributed R692.44 million, accounting for approximately 58% of the total, according to official regulatory figures.
Sphere Entertainment Shares Sink Nearly 14% After Craig-Hallum Downgrade
Sphere Entertainment shares closed at $110.83 on Monday after Craig-Hallum downgraded the stock, citing flat demand for The Wizard of Oz at Sphere.
Macau GGR Falls 1.2% in September as Earnings Risks Rise
Macau's September GGR slipped 1.2% to MOP18.06 billion despite an easy comparison, and CLSA warns earnings forecasts may face further cuts.