09/29/22 Macau GDP could fall by up to 29.2% this year, analysts say The University of Macau has predicted that economic growth in the city will decline by between 26.4 per cent and 29.2 per cent year-on-year.
09/29/22 SJM appoints Daisy Ho as managing director The appointment has been approved by Macau’s chief executive.
09/28/22 HK Police seize 16,000 lottery tickets headed for China and Macau The Hong Kong Jockey Club has found that 600 of the tickets were already redeemable for prizes totalling around HK$70,000.
09/28/22 Only two defendants partly accept charges in Suncity trial The defendants including former Suncity Group CEO Alvin Chau Cheok Wa, have finished testifying.
09/28/22 Macau to reach pre-pandemic levels in early 2023, analysts say BofA Securities predicts that GGR in early 2023 could exceed results from May 2021, the best monthly performance since the Covid-19 pandemic began.
09/26/22 Macau casino stocks rise on news of return of Chinese package tours According to chief executive Ho Iat Seng, package tours from mainland China will return to Macau in November.
09/26/22 Hong Kong lifts hotel quarantine measures Hong Kong has ended hotel quarantine for arrivals, requiring people to monitor themselves for three days for signs of Covid-19.
09/26/22 Macau casino operators could return to positive EBITDA in Q4 Brokerage JP Morgan believes the resumption of the e-visa system for residents of mainland China could benefit Macau gaming operators.
09/23/22 RGB Macau wins bulk order valued at U$59.10m One of RGB Macau’s existing customers has placed a bulk order valued at RM270m (US$59.10m).
09/23/22 Former colleague of Alvin Chau admits Suncity took unregistered bets Cheong Chi Kin has told court that he developed a system to record under-the-table transactions.
09/23/22 Macau casino tender negotiation stage to begin on Monday Each bidder’s representative will meet with the government committee overseeing the tender process.
09/22/22 SJM receives 493 acceptances for excess rights shares The group has received in aggregate 493 valid acceptances and applications in respect to approximately 3.84bn rights shares.
09/22/22 Former Suncity exec says company had IT system for multiplier bets Ali Celestino has told Alvin Chao’s trial that Suncity had an IT system that supported record keeping for illegal multiplier bets.
