06/24/22 Blackstone completes acquisition of Crown Resorts Blackstone has bought Crown’s casino resorts in Melbourne, Perth and Sydney.
06/24/22 Emperor Entertainment gaming revenue up 24.6% Emperor Entertainment Hotel Limited has reported that gaming revenue for the year ended March 31 was HK$260.6m.
06/22/22 Genting Malaysia works on a comprehensive recovery plan Genting Malaysia Bhd says it’s working hard on a marketing plan to attract more visitors to its complexes.
06/21/22 IPI brings in security personnel after fire in Garapan IPI’s attorney Kevin T. Abikoff has told federal court the company is investigating the cause of the fire.
06/21/22 MGM expects news on Osaka IR licence by September Jonathan Halkyard, MGM’s chief financial officer, said the company hopes to start work in early 2023.
06/21/22 Bernstein predicts Macau GGR may fall to 9% of 2019 levels in June Analysts at Bernstein believe Macau’s GGR could plunge to only 9 per cent of pre-pandemic levels amid a new outbreak of Covid-19 cases.
06/20/22 SkyCity to appoint new non-executive directors The company intends to appoint Kate Hughes and Glenn Davis as non-executive directors.
06/20/22 A new outbreak of Covid-19 cases in Macau puts casinos on alert Casinos remain open for the moment, but revenue is expected to reach near-zero levels.
06/20/22 Galaxy confirms Casino Waldo to operate until year-end The company has cleared up doubts over the situation regarding Casino Waldo, confirming that it will remain open until December 31.
06/17/22 Fitch predicts Macau GGR may reach only 27% of 2019 levels this year Analysts have lowered their expectations because Macau is still affected by restrictions linked to the Covid-19 pandemic.
06/17/22 Macau casinos must hold US$620m in capital during concession period After analysing the final draft of Macau’s general gaming law amendment, JP Morgan has deduced that casino operators must have capital of MOP5bn (US$620m) during the entire concession.
