08/25/22 Macau will remain highly profitable for casinos, analysts say An analyst from Morgan Stanley Asia said capital expenditures are expected to fall while the local mass market is gradually recovering.
08/25/22 Singapore to relax entry rules for inbound travellers from August 28 The government has also announced that most indoor locations will no longer require mask-wearing from August 29.
08/24/22 Reef Casino posts net profit of $3.3bn for H1 Reef Casino Trust has reported that net profit for the first half of the year was up 7 per cent year-on-year.
08/23/22 Macau’s gaming industry won’t see stable results until 2023, analyst says According to Jeffries Group, Macau’s gaming industry will continue to see rocky numbers through the rest of this year.
08/23/22 Macau GGR up 9% between August 15 and 21 Macau’s daily gross gambling revenue (GGR) was up 9 per cent week-on-week at MOP86m ($11m).
08/23/22 Macau received 81,798 visitors from August 12 to 18 The city received a daily tally of 11,685 visitor arrivals.
08/22/22 Pansy Ho to remain as the managing director of MGM Grand Paradise To comply with Macau’s amended gaming law, Ho’s stake in MGM Grand Paradise will increase from 10 per cent to 15 per cent.
08/19/22 SJM CEO reduces stake to 2.79% Ambrose So Shu Fai, vice-chairman and chief executive of SJM Holdings Ltd., has earned approximately HK$86.99m (US$11.1m) from the sale of stocks in the company.
08/19/22 Kangwon Land annual revenue could reach US$1.01bn, analysts say NH Investment & Securities predict the South Korean casino could post revenue of KRW1.33tn (US$1.01bn) by the end of the year.
08/19/22 Studio City Phase II opening delayed Lawrence Ho Yau Lung, chairman and chief executive of Melco Resorts, has said that the opening has been pushed back to 2023.
