From Macau Daily Times – Despite the Macao Monetary Authority’s earlier revelation that the VIP segment is losing its share to the mass market, the Chief Executive Officer of SJM (Sociedade de Jogos de Macau) pointed out that the transition to the mass gaming market is a trend.
Speaking on the sidelines of a graduation ceremony, veteran casino operator and SJM CEO Dr. Ambrose So said that local economic growth could not be judged based on the figures of the past few months alone. Instead, he is optimistic about development prospects in the long run.
The Monetary Authority stated in a July research report that the VIP sector’s share in gaming revenue dropped to 68 percent in the first quarter of this year, from a peak of 74 percent in the second quarter of 2011.
Our Most Recent Gambling Headlines:
2026-09-11
Shares of Bally’s stock plunged more than 26% following disclosures in the company second quarter financial filings that raised substantial doubt about its ability to maintain debt covenants over the...
2026-09-10
Atlantic City could lose more than 8,100 casino jobs and nearly $1.3 billion in annual revenue over the next decade due to rising regional competition, according to a recent economic...
2026-09-09
Caesars Entertainment has scheduled a special shareholder meeting for September 22 to vote on the Caesars takeover proposal submitted by Fertitta Gaming Holdco. The upcoming vote marks a pivotal moment...
2026-09-08
Big moves are shaking up Sin City from Fremont Street to the south end of the Strip. We have huge Vegas updates, including another new resort that's being planned (and...
2026-09-01
The rumors are swirling! Will the new Las Vegas baseball stadium actually be completed? Are the owners in financial trouble? And was Tropicana imploded for nothing? That's what we're about...
2026-08-25
Sphere Las Vegas turns three in September, and they've already established themselves as a major concert venue. The Eagles just extended their residency again, this time into early next year,...
