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Business

Check the latest Business news

07/01/21

Macau: 51 hotels interested in allowing guests from Hong Kong

Some 51 hotels have shown interest in accepting quarantine-free guests coming from Hong Kong with limited movements and short trips.

07/01/21

Macau GGR falls 37% in June

After five months of growth, Macau has registered its lowest GGR since November 2020, with a drop of 37 per cent month-on-month.

07/01/21

Macau may extend negative Covid-19 test validity for vaccinated visitors

The measure will apply for those who come from Guangdong province and have received at least one dose of a Covid-19 vaccine.

07/01/21

Macau Legend seeks solution for Cambodia land transfer

Macau legend plans to build an IR in Cambodia but the acquisition of the site has been delayed due to the Covid-19 pandemic.

06/30/21

STDM posts net loss of US$107.4m for 2020

STDM has released its financial report for the year 2020, revealing MOP859.6m (US$107.4m) in net losses.

06/30/21

Malaysia extends Covid-19 restrictions

Malaysia’s government has announced that current measures will be extended until daily Covid-19 cases drop below 4,000.

06/30/21

Genting Hong Kong announces recapitalization

Genting Hong Kong has announced that it has made a series of deals to gain access to new loan facilities and an extension on existing arrangements.

06/30/21

Melco Resorts lists 5.38% senior notes due 2029

Melco Resorts has announced it is offering 5.375 per cent senior notes due 2029 issued by its subsidiary, Melco Resorts Finance Limited on the Chongwa (Macao) Financial Asset Exchange.

06/30/21

Vietnam: locals’ access to casinos to be extended until 2024

Vietnamese authorities are willing to extend the permission for selected casinos to allow economically qualified locals to gamble.

06/28/21

NagaCorp share award scheme delayed

NagaCorp has announced it will defer its award shares to no later than December due to the voluntary temporary suspension of business in NagaWorld owing to Covid-19 concerns.

06/28/21

Crown Sydney revenue affected by loss of VIP market, analysts say

Fitch Ratings says Crown Sydney’s return on investment will be slower than initially expected due to the loss of the Chinese VIP market and competition from The Star for the premium mass market.

06/28/21

Macau expects between up to 8 million visitors in 2021

Macau authorities believe an outbreak of Covid-19 cases in Guangdong province may have affected Macau’s recovery and visitor arrivals.

06/26/21

IPI: nobody to sign reports submitted to the CCC

IPI is unable to send signed documents to the Commonwealth Casino Commission (CCC) as the current chief executive officer, Ray Yumul, has not yet been licensed by the CCC.

06/26/21

Macau Slot net profits down 37% in 2020

The instant lottery and sports betting concessionaire Macau Slot has reported MOP96m (US$12.1m) in net profits for 2020.

06/26/21

Melco Resorts to raise dividends on behalf of Melco International

Melco Resorts & Entertainment may raise its dividend payout to help its parent company, Melco International Development as it needs to fund its shares for the development of an entertainment complex in Zhongshan.

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Australasia

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Focus Gaming News is a media group that produces a daily online newspaper aimed at international gaming executives. This communication tool is visited by more than 140,000 monthly readers around the world and delivers up-to-date news from the gaming and iGaming businesses. Focus Gaming News also releases a daily newsletter and it is received by more than 35,000 subscribers. It features news on regulation, legislation, sports betting and online and land-based gaming, as well as reports on the latest products and trends, interviews with key specialists, and more. There are also Focus Gaming News, Focus Africa, Focus Latin America, Focus Brasil and Focus UAE – five daily releases focusing exclusively on these specific markets.