04/23/21 Melco revenue to reach 50% of 2019 levels in 2021, analysts say According to Moody’s, Melco Resorts could reach 100 per cent of pre-pandemic levels by the year 2023 with a better level of profit on its returning business.
04/23/21 Macau visitor arrivals up 255.4% in March Macau registered 754,541 visitor arrivals in March, up 76.7 per cent from the previous month.
04/22/21 Report suggests Macau consider online gambling to recover from Covid-19 Analysts say the recovery of Macau’s tourism sector may take longer than expected and that the city should consider turning to technology and online gambling to maintain revenue.
04/22/21 Japan: the number of pachinko parlours continues to fall Japan saw more than 100 pachinko parlours close in March as the industry continues to suffer the impact of the Covid-19 pandemic.
04/21/21 NagaCorp reports revenue of US$$878.7m for 2020 NagaCorp delivered stable financial results for 2020 despite the temporary closure of its casino operations in Cambodia due to the Covid-19 pandemic.
04/21/21 Macau occupancy rate could reach 80% during Labour Day break Macau hopes the Labour Day break will see an improvement for the tourism and gaming sectors.
04/20/21 Japan to host online forum on IR projects The Japan IR Forum will host discussions about integrated resort developments and how they could help the country’s post-pandemic recovery.
04/20/21 Macau tourism continues to rise, GGR up slightly Macau recorded its highest daily volume of visitors since the start of the Covid-19 pandemic on Friday April 16 with 34,252 arrivals.
04/20/21 Okada Manila GGR down 41% in Q1 Okada Manila has reported weak performance marked by the Covid-19 pandemic and resulting government countermeasures.
04/19/21 Oaktree makes US$2.32bn offer for James Packer’s Crown shares Crown Resorts has received an AU$3bn (US$2.32bn) offer from Oaktree Capital Management to acquire the 37 per cent stake owned by James Packer.
04/17/21 Macau expects revenue boost during Golden Week holiday Chinese bookings for Macau during the Golden Week holiday are increasing. Macau hopes to recover after a weak Chinese New Year.
04/17/21 James Packer agrees to reduce influence over Crown Resorts James Packer has agreed with the NSW regulator to step back from Crown Resorts to help the casino operator retain its Australian casino licences.
04/17/21 S&P upgrades SkyCity to “credit stable” SkyCity is now operating fully without Covid-19 restrictions in New Zealand and expects to return to normal levels by fiscal year 2022.
04/17/21 Japan’s pachinko revenues reach 75% of pre-pandemic levels Although sales in the sector seem to be recovering, pachinko revenues could fall again if Japan suffers a new wave of Covid-19 cases.
04/16/21 Macau gaming tax revenue drops 50% in Q1 Macau’s government collected MOP9.17bn (US$1.15bn) in tax revenue from the gaming industry in the first three months of 2021.
