Melco Resorts and Entertainment Ltd. is expected to emerge as the largest share gainer in Macau during the second half of the year, according to Japanese brokerage firm Nomura. The performance of the Morpheus hotel at City of Dreams Macau would be the biggest factor behind this improvement.
Analysts Harry Curtis, Daniel Adam and Brian Dobson said: “We expect the roughly 10 basis points sequential decline in Melco Resorts’ second-quarter gross gaming revenue (GGR) share in Macau to reverse starting in the third quarter as Morpheus continues to ramp and with construction disruption no longer a headwind,” GGRAsia reported.
“Net revenue for the second quarter of 2018 was US$1,228.6 million, representing a decrease of approximately 5 per cent from US$1,298.2 million reported for the comparable period in 2017. Operating income for the second quarter of 2018 was US$118.1 million, compared with operating income of US$127.4 million in the second quarter of 2017, representing a decrease of 7 per cent,” said Melco in a press statement.
Source: focusgn.com
Source: European Gaming Industry News
Reading Time: < 1 minute Denmark’s gambling regulator, Spillemyndigheden, has issued fines totalling DKK100,000 for an individual found to be… Read More
Reading Time: < 1 minute Hacksaw Gaming has officially gone live with its exceptional portfolio of games on Betsafe Lithuania!… Read More
Reading Time: < 1 minute Norsk Tipping has announced that Tonje Sagstuen will assume the role of CEO on a… Read More
Reading Time: 2 minutesThe Nordic gaming company Paf has signed a new multi-year cooperation agreement with the shipping company Tallink… Read More
Reading Time: 3 minutesDreamHack, an ESL FACEIT Group brand is set to break new ground in 2024 as it enters… Read More
Reading Time: < 1 minute Kindred has shown its commitment to responsible gambling during the Safer Gambling Week. During the… Read More