04/14/22 US real estate company may be involved in Nagasaki IR funding It’s been reported that US commercial real estate services and investment firm CBRE Group Inc is involved in financing of Nagasaki’s IR project.
04/14/22 MGM China confirms payment for six-month licence extension in Macau The company has revealed in its annual report for 2021 that it paid MOP47m (US$6m) for the six-month extension of its current concession.
04/13/22 Melco Resorts at risk of being delisted from Nasdaq The company has until May 3 to dispute the United States Securities and Exchange Commission’s identification of its status under the Holding Foreign Companies Accountable Act (HFCAA).
04/13/22 Concern grows over Covid-19 cases and the impact on Macau’s Labour Day break Ho Iat Seng, Macau’s chief executive, has voiced concerns for the holiday period if Covid-19 cases remain high in China.
04/13/22 “New gaming bill necessary to enhance industry standards” says Macau CE Macau’s chief executive Ho Iat Seng spoke about Macau’s new gambling legislation at a question-and-answer session with members of the Legislative Council.
04/12/22 Macau GGR won’t return to pre-pandemic levels until 2027, UBS says The financial services company says Macau GGR for 2022 will be at 34 per cent of 2019 levels.
04/12/22 Macau slot parlours could be treated like satellite casinos under new gaming law According to gaming regulation experts, slot lounges located outside casinos could be in a similar legal position to satellite casinos.
04/12/22 Covid-19 in China could dash Macau’s Labour Day holiday period Wong Fai, president of the Macau Leisure Tourism Services Innovation Association, has warned that a new wave of Covid-19 cases in mainland China could affect arrivals for the holiday in May.
04/11/22 Macau satellite casinos “fraught with opacity and undesirable business practices” says academic Professor Ryan Ho Hong Wai, a lecturer at the Centre for Gaming and Tourism Studies of the Macao Polytechnic University has analysed the future of Macau’s satellite casinos.
04/11/22 Macau average daily revenue up 3% last week Macau registered a daily revenue of MOP100m in the week to April 10th, up 3 per cent compared with the prior week.
04/11/22 Melco creates voluntary scheme for share options The new options have an exercise price of US$2.4667 per share for eligible employees and other eligible people associated with the company.
04/08/22 Macau visitor volume affected by Covid-19 surge in Shanghai, MGTO says Macao Government Tourism Office director Maria Helena de Senna Fernandes, said the number of tourists to Macau has dropped due to Covid-19 cases in Shanghai.
