Despite this double-digit growth, the VIP baccarat segment remains significantly below pre-pandemic levels, as it accounted for just 27.5% of total casino revenue last year, a sharp drop from its …
-
Beginning March 1st, approximately 99% of the company’s employees will receive a salary adjustment. Full-time staff earning a monthly pre-tax salary of MOP16,000 or less will receive a flat increase …
-
In their Thursday note, analysts DS Kim, Selina Li, and Lindsey Qian said, “we’re not sure” in response to the situation, with “dozens of investors” having approached them. As of …
-
Data released by the Gaming Inspection and Coordination Bureau showed that GGR in December alone totalled MOP20.88 billion, representing a 14.8% increase from a year earlier and marking the strongest …
-
The casino, located inside the New Orient Landmark Hotel on the Macau peninsula, operated under the gaming license of SJM Holdings. Its closure formally ends the satellite casino system, under …
-
Located within the New Orient Landmark Hotel on the Macau peninsula under the gaming licence of SJM Holdings, the casino’s final moments were witnessed by over 100 gamblers, employees and …
-
This transition took effect at 2 a.m. on December 30, after the Macau government granted SJM the authority to operate Casino L’Arc Macau directly, thereby ending its previous status as …
-
Royalty payments are fees subsidiaries pay to their parent companies for the use of brands, trademarks or management services. In Macau’s casino sector, these charges are deducted from operating earnings, …
