06/03/22 Grand Korea Leisure casino sales up 215.4% in May Grand Korea Leisure has reported casino sales of KRW18.21bn (US$14.7m) in May, up 215.4 per cent month-on-month.
06/02/22 Melco unlikely to resume quarterly dividend payments until 2024, analysts say Analysts at Moody’s Investors Service Inc say the casino operator’s earnings and financial leverage are likely to remain weak until 2023.
06/02/22 APE launches Macau metaverse project to promote the city The project seeks to bring tourists unable to travel due to the Covid-19 pandemic closer to the city.
06/02/22 Sands China plans to reach net-zero carbon emissions by 2050 Sands China has announced long-term plans to reduce its carbon emissions.
06/01/22 The Londoner could open 6,000-seat arena in H2 The president of Sands China, Wilfred Wong, says the multi-purpose Londoner Arena could be opened depending on visitor numbers in the city.
06/01/22 Staff numbers at Macau hotels fell by 4.7% in Q1 Macau has 47,355 people working at hotels in the city.
05/31/22 SJM Holdings may pay US$38.2m for two self-promoted casinos It’s expected that SJM Holdings Ltd may buy Casino Eastern and Casino Taipa to satisfy new gaming laws.
05/30/22 Macau GDP down 8.9% for Q1 Macau’s gross domestic product (GDP) continued to fall in the first quarter of the year, dropping below 50 per cent of pre-pandemic levels.
05/30/22 Authorities approve SJM Holdings refinance plan The government of Macau has finally approved a revolving loan facility for HK$19bn (US$2.44bn) to refinance SJM’s existing financing.
05/30/22 Second Macau committee finishes reading of gaming law amendment bill A second standing committee has completed its reading of the gambling law with no major changes. The bill is scheduled to be sent to a plenary vote next month.
05/30/22 Osaka citizens push for IR referendum A group has gathered the necessary number of signatures to request a referendum, but Osaka authorities are likely to reject it again.
