ap24
Ho noted that this year marks the 75 anniversary of the founding of the People’s Republic of China (PRC) and the 25 anniversary of Macau’s return to the motherland.
https://www.macaupostdaily.com/article21368.html
Fev24
PAGAMENTO DIVIDENDOS
Macau casino operator Galaxy Entertainment Group Ltd reported fourth-quarter 2023 adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) of just under HKD2.81 billion (US$358.7 million). The result was up 1.4 percent sequentially, and compared with a negative figure of HKD163 million in fourth-quarter 2022. Galaxy Entertainment also announced a special dividend of HKD0.30 per share, payable on April 26. The group paid a special dividend of HKD0.20 per share on October 27, which had been mentioned with its interim results. He added: “We are the first Macau concessionaire to resume dividends and return capital to shareholders after the border reopened. These dividends demonstrate our continued confidence in the longer-term outlook of Macau and for the company.” https://www.ggrasia.com/galaxy-ent-4q-ebitda-us359mln-announces-dividend/
mar24
In what a brokerage described as “a surprise”, two Macau casino operators respectively announced on Thursday annual dividends for the first time since the 2019 trading year preceding the Covid-19 pandemic.
The dividend move was “a year earlier than… the Street [investment community] had expected,” said JP Morgan Securities (Asia Pacific) Ltd in a Friday note.
“This means three out of six [Macau] operators are now paying dividends, including Galaxy [Entertainment Group Ltd] and we expect Sands [China Ltd] to follow suit next year… while Melco [Resorts & Entertainment Ltd] and SJM [Holdings Ltd] may prioritise deleveraging for some time,” wrote analysts DS Kim, Mufan Shi, and Selina Li.
MGM China Holdings Ltd flagged a final dividend for 2023 of HKD0.243 (US$0.0307) per ordinary share, payable on June 20, subject to approval by its annual meeting.
The company – which runs the MGM Macau and MGM Cotai properties – also declared a special dividend of HKD 0.104 per share, payable on April 12.
The two dividends combined represented 50 percent of the 2023 profit attributable to the owners of the firm, said MGM China.
Wynn Macau Ltd – operator of the Wynn Macau and Wynn Cotai casino resorts – announced a 2023 final dividend of HKD0.075 per share, payable on June 19.
https://www.ggrasia.com/dividends-surprise-from-mgm-china-wynn-macau-ltd-jpm/
fev24
Durante o pico do Ano Novo Lunar, concretamente entre o quarto e sétimo dias do período de feriados, as receitas brutas diárias dos casinos de Macau terão ascendido a mais de mil milhões de patacas, “pela primeira vez em mais de quatro anos”, superando a média registada na Semana Dourada de Outubro do ano passado (mais de 900 milhões), adiantou ontem o banco de investimento JP Morgan. Os analistas DS Kim, Mufan Shi e Selina Li estimam que as receitas do mercado de massas do jogo aumentaram 120% ou mais, comparativamente ao Ano Novo Lunar de 2019, situando-se “10 pontos percentuais acima do ritmo de recuperação nos últimos meses”. No conjunto dos primeiros 18 dias de Fevereiro, as receitas brutas dos casinos totalizaram cerca de 12,5 mil milhões de patacas, a uma média diária de 694 milhões, indica o relatório, salientando que os números reflectem “uma recuperação de cerca de 75% em relação ao período comparável de 2019”. Ainda assim, os analistas ressalvam que as comparações são “desafiadoras”, uma vez que os dados em causa também cobrem a fase de “calmaria” antes da época festiva. O JP Morgan prevê que as receitas subam mais de 80% em Fevereiro, face ao ano anterior, para cerca de 19 mil milhões, o que corresponderia a uma média diária superior a 650 milhões, a mais elevada desde o início da pandemia.
https://jtm.com.mo/local/receita-diaria-jogo-tera-ultrapassado-mil-milhoes-pico-ano-novo-chines/
fev24 (pagamento de dividendos)
Fitch Ratings Inc now expects Macau casino operator Sands China Ltd to resume dividend payments “in 2026”, it said in a Thursday note. In a previous update in July, the institution had mentioned such payments might resume in 2025.
The credit institution has upped the long-term issuer default ratings for Sands China’s parent Las Vegas Sands Corp, as well as for the Macau unit and the Singapore unit, Marina Bay Sands Pte Ltd, to investment grade, i.e., ‘BBB-’ from ‘BB+’. The institution described the group’s rating outlook as ‘stable’.
Factors in its decision included anticipated improvement in the overall group’s earnings before interest, taxation, depreciation and amortisation (EBITDA) leverage.
https://www.ggrasia.com/fitch-now-thinks-sands-china-dividend-resumption-in-2026/
jan24
O mercado de massas do jogo representou 75,3% das receitas brutas dos casinos de Macau em 2023 e atingiu cerca de 88% do nível registado no ano anterior à pandemia, revelam dados da Direcção de Inspecção e Coordenação de Jogos. Já as receitas do bacará corresponderam a apenas um terço da era pré-covid
https://jtm.com.mo/local/mercado-de-massas-jogo-recuperou-88-em-2023/
jan24
Macao government officials have announced a target of 33 million visitor arrivals for 2024, TDM reports. That would mean a 17 percent year-on-year increase, and represent 84 percent of 2019’s figure (the last full year before the Covid-19 pandemic decimated tourism).
Macao Government Tourism Office (MGTO) director, Maria Helena de Senna Fernandes, said the government was investing in activities targeting mainland Chinese, who make up the vast majority of the SAR’s visitors.
These included events around the 25th anniversary of the establishment of the SAR – and a Macao Week series of promotions across China to be held later in the year.
https://macaonews.org/news/business/macau-2024-tourism-forecast-outlook-target-macao/
jan24
Market share
- Sands China – Nov. 2019: 24 percent; Nov.2023: 24.5 percent
- Galaxy – Nov. 2019: 19.5 percent; Nov. 2023: 16.5 percent
- MGM China – Nov. 2019: 10 percent; Nov. 2023: 16.5 percent
- SJM – Nov. 2019: 16.5 percent; Nov. 2023: 13 percent
- Melco – Nov. 2019: 16.5 percent; Nov. 2023: 15.5 percent
- Wynn – Nov. 2019: 13.5 percent; Nov. 2023: 14 percent
https://agbrief.com/intelligence/deep-dive/09/01/2024/under-the-scope-2023-winners-and-losers-in-macau-the-philippines-and-singapore/?utm_source=Asia+Gaming+Brief&utm_campaign=07a84f893e-AGB%3A+%2301817+Wednesday%2C+10th+January%2C+2024&utm_medium=email&utm_term=0_51950b5d21-07a84f893e-%5BLIST_EMAIL_ID%5D&ct=t%28AGB%3A+%2301817+Wednesday%2C+10th+January%2C+2024%29&goal=0_51950b5d21-07a84f893e-%5BLIST_EMAIL_ID%5D&mc_cid=07a84f893e&mc_eid=31e20475e6
jan24
Macau’s mass gross gaming revenue (GGR) in the fourth quarter of 2023 exceeded pre-Covid levels for the first time since the reopening of borders, reaching over 105 per cent of the 2019 level, brokerage firm J.P. Morgan reported. In a Monday note, J.P. Morgan stated that mass GGR in the fourth quarter experienced a quarter-on-quarter growth of 12-13 per cent, reaching a record high of MOP48.6 billion (US$6 billion). Meanwhile, headline GGR rose by over 11 per cent quarter-on-quarter to MOP588 million per day. This growth rate doubled the historical seasonality of over 5 per cent and represented a recovery to 75 per cent of the pre-pandemic level.
https://www.macaubusiness.com/macaus-mass-ggr-exceeds-2019-levels-in-q4-2023-j-p-morgan/
jan24
Macau’s tourism industry ended 2023 on a high, setting a new post-pandemic record of 175,030 daily visitors on New Year’s Eve, according to provisional data from the Macau Government Tourism Office (MGTO).
The city welcomed about 28.23 million visitors in full-year 2023, a daily average of circa 77,000, said the tourism office in a Monday press release. The figure represented a recovery to about 70 percent compared to 2019, the last trading year before the onset of the Covid-19 pandemic in early 2020.
“With the full reopening of the borders in 2023, the number of visitors to Macau maintained an upward trend, with the tourist industry showing good recovery and growth prospects, showcasing the attractiveness of Macau as a global tourism and leisure centre,” stated the MGTO.
https://www.ggrasia.com/macau-visitor-numbers-top-28mln-in-2023-mgto/
jan23
Macau’s casinos raked in MOP 183 billion (US$22.8 billion) in gross gaming revenue (GGR) in 2023, up by 333.8 per cent compared with 2022, according to data released by the Gaming Inspection and Coordination Bureau (DICJ).
The full-year tally accounts for 62.5 per cent of what was recorded for the whole pre-COVID year of 2019. It is in line with the Chief Executive’s latest estimate and clearly surpasses the initial MOP 130 billion forecast included in the SAR’s 2023 budget a year ago. For 2024, the government is anticipating a total GGR of MOP 216 billion.
In December alone, GGR reached MOP 18.57 billion, a 15.7 per cent month-to-month increase. It was the second-best month of the year, after October’s MOP 19.5 billion tally.
https://www.macaubusiness.com/breaking-news-gaming-revenue-jumps-333-8-pct-in-2023-to-mop-183-billion/ + https://www.ggrasia.com/macau-2023-ggr-us22-8bln-ops-must-up-non-gaming-spend/
dez23
Macau mass table gaming almost fully recuperated to pre-pandemic results, slots still lagging: Altira GM
https://agbrief.com/news/macau/03/12/2023/macau-mass-table-gaming-almost-fully-recuperated-to-pre-pandemic-results-slots-still-lagging/
Dez23
Macau is projected to conclude 2023 with gross gaming revenue (GGR) of MOP182 billion ($22.6 billion), approximately 62 percent of 2019 levels, according to Citigroup.
out23
