07/01/22 Wynn Macau pays US$74.5m for the right to use “Wynn” trademark The licence fee payable by Wynn Macau equals 3 per cent of the intellectual property gross monthly revenues.
07/01/22 Macau casinos asked to temporarily reduce staff amid Covid-19 outbreak Authorities in Macau have asked casinos to reduce staff by as much as 90 per cent.
06/30/22 Macau Jockey Club reports US$240m in losses for 2021 The Macau Jockey Club has shared its financial results for full-year 2021.
06/30/22 Macau Covid-19 cases continue to rise The Sheraton Grand Macao at the Londoner Macao casino resort on Cotai has been added to the list of hotels used for quarantine purposes.
06/29/22 Las Vegas Sands GGR won’t see full recovery until 2024, analysts say Analysts at Moody’s Investors Service Inc say the recovery will still depend on the reopening of borders and the resumption of business travel.
06/29/22 Macau casino workers call for venues to close amid Covid-19 outbreak The New Macau Gaming Staff Rights Association is concerned about the rapid growth of new Covid-19 cases in the city and is calling for a temporary closure of casinos.
06/29/22 Wakayama to close IR promotion office Wakayama’s prefecture has decided to close its IR office from tomorrow (June 30). It will be absorbed into another department in the planning policy bureau.
06/29/22 Kingston Group satellite casinos to continue operating until year-end Kingston Group runs two casinos in Macau in partnership with SJM Holdings, the Casa Real Casino on the Macau peninsula and the Grandview Casino on Taipa Island.
06/29/22 Macau casino stocks rise after China eases Covid-19 countermeasures The quarantine period in China has been reduced to seven days plus three days of self-monitoring.
06/29/22 Macau occupancy rate down 27.9 percentage points in May The Statistics and Census Service (DSEC) has reported that Macau’s hotel occupancy rate was 34.2 per cent in May.
06/28/22 MGM China renews branding agreement with MGM Resorts International MGM China Holdings has entered into a second renewed branding agreement to continue using the MGM brands.
