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Star deputy treasurer misled National Australia Bank, inquiry hears

Macau casino EBITDA won’t normalise until at least H2 2023, analysts say

Analysts at Morgan Stanley predict EBITDA from Macau’s casino industry will not materialise until the second half of 2023 or possibly 2024.

03/17/22

CNMI court rejects IPI appeal against gaming licence suspension

The court has reaffirmed the CCC’s decision to suspend IPI’s casino licence for failing to comply with regulatory orders.

03/17/22

SkyCity to recruit casino staff as New Zealand opens borders

With New Zealand to reopen its borders soon, SkyCity expects a gradual return to pre-Covid-19 levels.

03/17/22

Belle Corp posts US$24.9m in revenue for 2021

Belle Corp has reported that full-year 2021 revenue was up 104.7 per cent year-on-year to PHP1.30bn (US$24.9m).

03/16/22

The Philippines to resume visa-free travel for Macau and HK residents

Authorities have announced that residents of Macau and Hong Kong will be allowed to enter the country as temporary visitors without a visa.

03/16/22

Japan’s prime minister reaffirms position in favour of IRs

03/16/22

Macau will maintain commission rate for VIP junkets, legislator says

Authorities say they’re not planning to adjust the commission rate for VIP junkets, which is currently capped at 1.25 per cent for rolling chip turnover.

03/16/22

Summit Ascent expects to post 26% increase in revenue for 2021

Summit Ascent Holdings has announced it expects to record an increase in revenue and adjusted EBITDA of nearly HK$40.9m (US$5.2m) for the year ended December 31.

03/16/22

success-universe-expects-big-losses-for-1h

Success Universe expects consolidated profit of up to US$1m for 2021

03/16/22

us1-billion-loss-for-macau-casinos-in-q2

Macau’s March GGR will be down 42% month-on-month, analysts say

03/16/22

Macau casino stocks fall further as China intensifies Covid-19 measures

Macau casino stock prices declined again as mainland China extended its countermeasures against a rise in Covid-19 cases.

03/15/22

US Marshals Service seizes funds from IPI

The funds were seized from IPI’s bank account to comply with a judgment in favour of Red Coral Corporation, which sued IPI for not paying a lease agreement.

03/15/22

Macau casinos will be fined if they fail to inform of major financial decisions

According to Macau’s gaming law amendment bill, casino operators could be fined up to MOP5m (US$620,400) or even see their licence revoked for failing to advise authorities.

03/15/22

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Latest Articles

Star deputy treasurer misled National Australia Bank, inquiry hears

Macau casino EBITDA won’t normalise until at least H2 2023, analysts say

CNMI court rejects IPI appeal against gaming licence suspension

SkyCity to recruit casino staff as New Zealand opens borders

Belle Corp posts US$24.9m in revenue for 2021

The Philippines to resume visa-free travel for Macau and HK residents

Japan’s prime minister reaffirms position in favour of IRs

Macau will maintain commission rate for VIP junkets, legislator says

Summit Ascent expects to post 26% increase in revenue for 2021

Success Universe expects consolidated profit of up to US$1m for 2021

Macau’s March GGR will be down 42% month-on-month, analysts say

Macau casino stocks fall further as China intensifies Covid-19 measures

US Marshals Service seizes funds from IPI

Macau casinos will be fined if they fail to inform of major financial decisions

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SkyCity completes US$43m Auckland property sale