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Ben Blaschke

Managing Editor at Inside Asian Gaming

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Articles

  • Sands China completes Londoner Macao revamp, brings Londoner Grand hotel rooms back online in time for Golden Week

    1 day ago | asgam.com | Ben Blaschke

    Sands China’s US$1.2 billion Phase II redevelopment of The Londoner Macao is now all but complete with the company confirming this morning that all 2,405 hotel rooms and suites at the Londoner Grand – formerly Sheraton Grand Macao – are now open and available ahead of the May Golden Week holiday. The comprehensive renovation has been blamed for Sands China’s more subdued financial performance over the past 12 months given the substantial loss of room inventory.

  • Marina Bay Sands increases expected rolling hold percentage on baccarat to 3.70%

    1 day ago | asgam.com | Ben Blaschke

    Las Vegas Sands has increased the expected hold-adjusted win percentage on rolling play at its Singapore integrated resort Marina Bay Sands (MBS) from 3.30% to 3.70%, citing greater utilization of side bets and more accurate data from the implementation of smart tables for the change. The update came after MBS reported Adjusted Property EBITDA of US$605 million in 1Q25 – not impacted by rolling play hold which fell right in line with the new 3.70% hold expectation.

  • Sands China revenues down 5.7% to US$1.7 billion in 1Q25

    1 day ago | asgam.com | Ben Blaschke

    As a result, Adjusted Property EBITDA from Macau operations fell by 12.3% to US$535 million. By property, The Venetian Macao saw net revenues decline by 17.3% to US$638 million, including a 22.4% fall in casino revenues to US$495 million, with Adjusted EBITDA down 28.3% to US$225 million, although EBITDA margin was a healthy 35.3%.

  • Thai entertainment complexes could generate EBITDA margins of up to 48% says Maybank

    3 days ago | asgam.com | Ben Blaschke

    Buoyed by a low casino tax rate, a solid base of foreign tourists and hefty supply of local workers, Thailand’s entertainment complexes could generate EBITDA margins as high as 48% according to Maybank Securities – easily among the highest in all of Asia.

  • New quarterly footfall record drives higher profits for Newport World Resorts in 4Q24 as non-gaming offsets decline in VIP

    3 days ago | asgam.com | Ben Blaschke

    A hefty increase in non-gaming revenues on the back of record foot traffic helped Manila’s Newport World Resorts achieve a 42% year-on-year increase in EBITDA in 4Q24 – more than enough to overcome a market-wide decline in VIP gaming. The Php3.2 billion (US$56.5 million) EBITDA result was also 60% higher than the September quarter, according to information from parent firm Alliance Global Group (AGI).

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