The HKJC has confirmed that its new facility, Conghua Racecourse in Guangdong Province, Mainland China, will host its first official race meeting on 31 October 2026, featuring an initial card of “five or six” races. Previously, the launch had been scheduled for April 2026 but was delayed to ensure full completion of construction and alignment with evolving national policy.
Melco reported that its hold-adjusted margin for its Macau operations reached 27.6% in its third quarter of 2025, up from 24.8% a year earlier. However, despite that improvement, management noted margin expansion remains hindered by a highly competitive market environment in Macau.
The casino-operation contract between SJM Resorts Ltd. and Macau Legend Development Ltd. has been terminated, and SJM has confirmed that Legend Palace will cease operations at 11:59 p.m. on Wednesday 12 November 2025. According to filings, the early termination of the service agreement takes effect from 13 November 2025, with operations ending the day before.
Wynn Resorts has announced a new joint venture to develop Janu Al Marjan Island, a luxury hotel and branded residences project located directly beside its under-construction integrated resort on Ras Al Khaimah’s Al Marjan Island. The project is being developed in partnership with Marjan LLC, the island’s master developer, and Aman Group, which will bring its contemporary lifestyle brand Janu to the UAE for the first time. The announcement underscores Wynn’s long-term vision of transforming Al Marjan Island into a premier international luxury and entertainment destination.
In the third quarter ended 30 September 2025, Wynn Macau’s Macau operations recorded operating revenues of approximately US$1.01 billion, representing a year-on-year increase of 14.8% and quarter-on-quarter growth of 13.4%. The uplift was attributed primarily to stronger performance at its flagship Cotai resort Wynn Palace and improved mass-gaming and VIP hold metrics.
Author: Janice Chew • Monday, 10/11/2025
