04/25/22 Macau GGR up 11% between April 19 and 24 Macau’s GGR was up 11 per cent week-on-week to MOP83m (US$10.3m).
04/25/22 Analysts at JP Morgan raise concerns about SJM Holdings’ liquidity According to analysts, SJM Holdings has only about six months of liquidity runway.
04/25/22 Macau occupancy rate could reach 60% during Labour Day break Macau hopes the upcoming holiday period could help boost the tourism and gaming sectors after a weak month.
04/25/22 Wynn to record US$7.9m as provision on Dore court judgement Wynn Macau has confirmed in its annual report that the group has set aside approximately HK$9.3m for plaintiffs in the lawsuit.
04/25/22 Entertainment company linked to Suncity proposes name change to Yeah Yeah Group Sun Entertainment Group Limited aims to “improve its corporate image,” distancing itself from Suncity’s junket operations.
04/22/22 Macau visitor arrivals down 19.6% in March Macau registered 526,912 visitor arrivals in March, down 19.6 per cent month-on-month and down 30.2 per cent when compared to 2021.
04/22/22 Macau casinos may have to cover US$6.37bn in junket debts Macau casino operators could have to cover HKD50m (US$6.37bn) of a total HKD100bn of unsatisfied liabilities and uncollected debts left after Suncity Group and Tak Chun were shut down.
04/22/22 SJM chairman confident about next concession period in Macau Daisy Ho Chiu Fung, chairman of SJM Holdings, says the company has been preparing for the tender process and is confident it will continue operating in Macau.
04/21/22 Macau casino stocks rise after easing of Covid-19 countermeasures The shares of Macau casino operators rose between 4 and 8 per cent. The Hang Seng Index rose by 1 per cent.
04/21/22 Wakayama’s governor laments vote against IR plan Yoshinobu Nisaka, the governor of Japan’s Wakayama prefecture, has described the result as a “bitter blow”.
04/21/22 HK Jockey Club ups prize money and incentives to remain competitive Its boosted prize money for the 2022/23 racing season to HK$1.6bn (US$206.5m), its highest level so far, to stay ahead of competing jurisdictions.
04/20/22 Macau VIP gaming promoter bill passes first reading The bill on junket businesses and satellite casinos will now be assigned to one of three working committees for detailed examination.
04/20/22 Macau Legend co-chairman questions government diversification plan David Chow, Macau Legend’s co-chairman, says the gaming and tourism industries are still Macau’s core business and that the government should focus on supporting them.
