03/21/22 Capital Group Companies sells 19.45m shares in Wynn Macau Capital Group has announced it has reduced its stake in Wynn Macau from 6.10 per cent to 5.73 per cent.
03/21/22 R&F Properties gets another year for South Korea Midan City complex R&F Properties’ deadline to open of the first phase of the Midan City complex in South Korea has been extended by 12 months
03/21/22 APE expects to post 80% drop in revenue for 2021 Asia Pioneer Entertainment Holdings (APE) has revealed it expects to record an 80 per cent decline in revenue for last year.
03/18/22 Kangwon Land visitors up as operating hours increase Since March 5, the casino operator has been allowed to extend its operating hours from 12 to 13 hours but capacity remains limited.
03/18/22 Jeju Dream Tower operator to recruit 200 employees Lotte Tour Development Co Ltd has announced it will hire 200 more workers for its hotels and casinos as South Korea prepares to open quarantine-free entry for fully vaccinated visitors.
03/17/22 Macau visitor arrivals down 5.6% in February Macau registered 655,505 visitor arrivals in February, down 5.6 per cent month-on-month but up 53.5 per cent when compared to 2021.
03/17/22 Macau casino EBITDA won’t normalise until at least H2 2023, analysts say Analysts at Morgan Stanley predict EBITDA from Macau’s casino industry will not materialise until the second half of 2023 or possibly 2024.
03/16/22 Macau will maintain commission rate for VIP junkets, legislator says Authorities say they’re not planning to adjust the commission rate for VIP junkets, which is currently capped at 1.25 per cent for rolling chip turnover.
03/16/22 Macau casino stocks fall further as China intensifies Covid-19 measures Macau casino stock prices declined again as mainland China extended its countermeasures against a rise in Covid-19 cases.
03/15/22 Macau casinos will be fined if they fail to inform of major financial decisions According to Macau’s gaming law amendment bill, casino operators could be fined up to MOP5m (US$620,400) or even see their licence revoked for failing to advise authorities.
