05/26/22 Dynam posts revenue of US$818m for fiscal year 2021 The Japanese pachinko hall operator reported a 6.6 per cent increase in revenue year-on-year but isn’t getting overly optimistic.
05/26/22 Macau’s Million Dragon Hotel makes lay offs According to local media, the company is restructuring amid an uncertain outlook.
05/25/22 26.5% of Macau’s underemployed population is related to the gaming sector Employment in Macau’s gaming industry fell nearly 5.0 per cent quarter-on-quarter to about 72,700 in the first quarter.
05/24/22 Macau casinos’ net debt could reach US$25bn this year, analysts say Analysts at Morgan Stanley say this could be the figure if current travel restrictions remain in place.
05/24/22 SJM to absorb workers left unemployed by satellite casino closures SJM Holdings has said that workers affected by the closure of satellite casinos linked to the company will not be left without work.
05/24/22 Macau GGR up 100% in third week of May However, monthly GGR looks set to be down 85 per cent when compared to pre-pandemic levels.
05/23/22 No irregularities found between Macau Legend and former CEO Levo Chan A review has not noted any irregularity in the dealings between the company and Levo Chan Weng Lin or his related entities.
05/23/22 South Korea to reopen its borders from June 1 Authorities in South Korea have announced they will resume issuing short-term tourist visas for individual tourists and tour groups.
05/20/22 Digital RMB could benefit Macau gaming, Bernstein says Bernstein’s analysed how going cashless might affect Macau’s gambling economy, and its analysts believe it could revitalise the sector.
05/19/22 Andrew Lo takes control of Suncity Group Alvin Chau Cheok Wa has transferred his controlling stake in Suncity Group and Summit Ascent to Andrew Lo Kai Bong.
