06/22/22 Macau’s gaming law amendment bill approved The new legislation will replace the legislation that’s been in force since 2001, introducing several changes to increase the oversight of gaming concessionaires.
06/21/22 MGM expects news on Osaka IR licence by September Jonathan Halkyard, MGM’s chief financial officer, said the company hopes to start work in early 2023.
06/21/22 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.
06/17/22 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.
