04/15/21 Macau may test issuance of virtual currency Analysts believe the issuance of virtual currency could transform Macau’s gaming industry as junket operators will no longer be needed.
04/15/21 Macau considers extending tourism incentives to rest of Asia Macau may extend its incentive scheme for mainland Chinese tourists to other countries.
04/14/21 Blackstone adds conditions to Crown Resorts bid Blackstone Group Inc has added new conditions to its bid for Crown Resorts including the condition that it does not lose state casino licences.
04/14/21 SkyCity halts dealings with junket operators SkyCity Entertainment Group has taken the decision to stop dealing with junket operators after a strategic review into its International Business Division.
04/14/21 Nagasaki launches new IR Promotion Council The prefecture has established an IR Promotion Council comprising 22 groups in the Kyushu region to create networking opportunities with local businesses.
04/13/21 Mohegan to reduce debt/EBITDA by the end of year, analysts say Moody’s Investors Service expects Mohegan to reduce debt to EBITDA this year.
04/13/21 Analysts expect Macau casinos EBITDA to drop 23% for Q1 According to Morgan Stanley, Macau casinos will report an EBITDA of US$181m, down 23 per cent from the previous quarter despite an increase in gross gaming revenue.
04/10/21 Macau economy could grow in 2021, analysts say According to the University of Macau, Macau’s Gross Domestic Product could grow by up to 33.5 per cent in 2021.
04/10/21 Analysts expect MGM to continue looking for IR developments Moody’s expects MGM Resorts International to develop “large, high profile” IR opportunities around the world.
04/10/21 Genting Singapore EBITDA to remain below 2019 levels for two years Moody’s Investors Service estimates that Genting Singapore’s EBITDA will not reach 2019 levels this year or next.
04/09/21 Okura Holdings buys property in Nagasaki for expansion Okura Holdings has purchased a property in Nagasaki city for US$4m.
04/09/21 Macau receives 99,568 tourists during first week of April The average daily volume of tourists arriving during the Easter and Qingming Festival holidays was 53.8 per cent higher than during the 2020 October Golden Week holiday.
04/08/21 James Packer is open to selling 37 per cent stake in Crown James Packer has hired investment bankers Moelis Australia to advise on any potential deal to sell his 37 per cent stake in Crown Resorts.
04/08/21 Australia and New Zealand to launch travel bubble from April 19 It’s hoped that the travel bubble will contribute to the economic recovery of Australia and New Zealand and could help other countries in the Asia-Pacific region to make a similar move.
04/07/21 Macau visitor numbers continue to rise but GGR falls Macau has reported gross gambling revenue of MOP$1.5bn (US$187m) for the first six days of April.
