Paradise Entertainment Ltd., the supplier of gambling equipment in Macau, forecast a rise of at least 35 percent in sales next year and said it aims to expand overseas to sell its electronic table games outside the city.
Galaxy Entertainment Group Ltd., the Macau casino operator that made Lui Che-woo Asia’s second- richest person, said third-quarter profit jumped 24 percent as Chinese visitors spent more at its two main casinos.
Melco Crown Entertainment Ltd., the Macau casino venture between Australian billionaire James Packer and entrepreneur Lawrence Ho, posted third-quarter earnings that missed estimate on a lower win rate from high-stakes gamblers.
Macau casino revenue jumped 32 percent to a record of 36.5 billion patacas ($4.57 billion) in October, boosted by mainland Chinese visitors who spent their Golden Week holiday in the world’s largest gambling hub.
MGM China Holdings Ltd., a Macau casino operator, reported third-quarter profit that missed analyst estimates as rising competition drew some gamblers away from its sole casino in the world’s largest gambling market.
Sands China Ltd., the Macau casino operator controlled by billionaire Sheldon Adelson, surged to a record in Hong Kong after reporting third-quarter earnings that beat analyst estimates as its new resort drew more gamblers.