09/09/22 HK Jockey Club appoints Michael Lee as chairman The Hong Kong Jockey Club has announced that Michael T H Lee will be the new chairman of the club while Eric Li Ka Cheung will be deputy chairman.
09/09/22 MGM China posts net loss of US$306m for H1 Net revenues declined 33.4 per cent year-on-year from HK$4.13bn ($527m) to HK$2.75bn ($351m).
09/09/22 China urges people to avoid travel during holiday periods Authorities have warned citizens should avoid travel during the upcoming holidays in a move that could affect Macau’s tourism and gaming sectors.
09/08/22 Guangzhou R&F Properties to sell Beijing Hotel for US$79m Guangzhou R&F has experienced liquidity challenges due to the difficulties faced by China’s property sector.
09/08/22 Macau to continue tourism promotion in mainland China Lei Wai Nong, Macau’s Secretary for Economy and Finance, said the city will continue to promote tourism, including via discounts on flights and hotel stays.
09/08/22 Hong Kong panel says offer for LET Group Holdings too low According to the Takeovers and Mergers Panel at Hong Kong’s Securities and Futures Commission, Major Success Group Ltd must offer HK$0.069 per share for the company.
09/07/22 Macau casino suppliers relocating to other markets Companies have started to move staff, and inventory to the Philippines and Singapore due to China’s ongoing Covid Zero policy.
09/07/22 South Korean government tells Jeju casinos to reopen from October 1 Five casinos on the islands have yet to reopen after closing due to the Covid-19 pandemic.
09/06/22 Macau GGR could be up 70% in September, analysts say As ever that depends on there being no major Covid-19 outbreaks in China.
09/05/22 SJM to negotiate new revenue sharing arrangement with satellite casinos Ambrose So Shu Fai, SJM’s vice-chairman and chief executive, said the company is renegotiating due to increased operating costs.
09/05/22 JCRC requests FY2023 budget increase of nearly 10% The Japan Casino Regulatory Commission has requested the government increase its annual budget by JPY0.35bn.
09/05/22 Grand Korea Leisure casino sales down 19.9% in August Grand Korea Leisure Co Ltd (GKL) has reported a 19.9 per cent month-on-month decline in casino sales to approximately KRW22.91bn (US$16.7m).
