East Asia

Macau announces Alvin Chau trial date

Bernstein predicts Macau GGR may fall to 9% of 2019 levels in June

Analysts at Bernstein believe Macau’s GGR could plunge to only 9 per cent of pre-pandemic levels amid a new outbreak of Covid-19 cases.

06/20/22

A new outbreak of Covid-19 cases in Macau puts casinos on alert

Casinos remain open for the moment, but revenue is expected to reach near-zero levels.

06/20/22

Galaxy confirms Casino Waldo to operate until year-end

The company has cleared up doubts over the situation regarding Casino Waldo, confirming that it will remain open until December 31.

06/20/22

Macau MICE events attendees down 8.7% in Q1

Macau’s Golden Dragon Group extends casinos agreement with SJM

06/17/22

Fitch predicts Macau GGR may reach only 27% of 2019 levels this year

Analysts have lowered their expectations because Macau is still affected by restrictions linked to the Covid-19 pandemic.

06/17/22

SJM Holdings costs to increase after absorption of satellite casino workers

According to Fitch Ratings, SJM Holding staff costs could increase by up to HK$600m(US$76.4m) after it absorbs workers affected by the closure of satellite casinos linked to the company.

06/17/22

Macau casinos must hold US$620m in capital during concession period

After analysing the final draft of Macau’s general gaming law amendment, JP Morgan has deduced that casino operators must have capital of MOP5bn (US$620m) during the entire concession.

06/17/22

Sands China offers new hybrid MICE broadcast facility at the Londoner

The company says the facility offers professional broadcast quality live-streaming capability and hologram functionality.

06/17/22

Doubts around the impact of Macau’s increase on GGR tax

According to some analysts, the proposed new tax liability was unexpected and could generate uncertainty in current and potential investors.

06/17/22

Analysts lower forecasts for Chinese economy

06/17/22

us1-billion-loss-for-macau-casinos-in-q2

Rio Entertainment questions Galaxy’s decision to close Rio Casino

06/16/22

SJM Holdings refinancing plan gets final approval

Banks have granted their approval of the plans following government approval last month.

06/16/22

Emperor Entertainment Hotel extends casino operations until year-end

The company has reversed its decision to close its satellite casino mid-year.

06/16/22

Macau’s gaming law amendment bill introduces increase on GGR tax

The Legislative Assembly has published the final draft of Macau’s general gaming law amendment, which is expected to be sent to the plenary for voting this month.

Check the latest East Asia news

Macau announces Alvin Chau trial date

Bernstein predicts Macau GGR may fall to 9% of 2019 levels in June

A new outbreak of Covid-19 cases in Macau puts casinos on alert

Galaxy confirms Casino Waldo to operate until year-end

Macau’s Golden Dragon Group extends casinos agreement with SJM

Fitch predicts Macau GGR may reach only 27% of 2019 levels this year

SJM Holdings costs to increase after absorption of satellite casino workers

Macau casinos must hold US$620m in capital during concession period

Sands China offers new hybrid MICE broadcast facility at the Londoner

Doubts around the impact of Macau’s increase on GGR tax

Analysts lower forecasts for Chinese economy

Rio Entertainment questions Galaxy’s decision to close Rio Casino

SJM Holdings refinancing plan gets final approval

Emperor Entertainment Hotel extends casino operations until year-end

Macau’s gaming law amendment bill introduces increase on GGR tax

Business

Macau set for visitor influx during Mid-Autumn Festival

Business

People Inc withdraws takeover bid for MGM Resorts

Casino

Grand Lisboa Palace becomes Greater China’s first sustained carbon-neutral MICE venue

Highlight of the week

Singapore tightens casino rules with new measures on digital gaming and crime