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 …
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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, …
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The slot club, operated by Melco Resorts & Entertainment, ended operations at 11:59 pm on December 29th. According to the Gaming Inspection and Coordination Bureau (DICJ), all gaming machines were …
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By then, all 1,169 staff will be moved to other operations of SJM Resorts as the gaming operator completes a closure process supervised by the Gaming Inspection and Coordination Bureau. …
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According to a recent UBS outlook update, the expected momentum is driven by “premium demand”. “With reinvestment trends normalizing, we expect operators with strong premium product and service positioning to …
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Macau gaming operator SJM Resorts said in a statement on December 2nd that Casino Fortuna will close at 11:59 p.m. on December 9th. All gaming tables and slot machines will …
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Macau’s gross gaming revenue (GGR) rose 14.4 percent year on year in November to MOP210.9 billion, maintaining solid momentum despite the month being traditionally quiet. According to data from the …
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Macau gaming operator SJM Resorts announced after trading hours on Thursday that it will not proceed with its planned acquisition of the Ponte 16 property, leading to the imminent closure …
