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.
03/15/22 South Korea to allow quarantine-free entry for fully vaccinated visitors The measure will be welcomed by South Korea’s foreigner-only casinos, who have been seriously affected by the lack of tourists.
03/15/22 Macau GGR down 37% in second week of March Macau’s GGR for the second week of March was down 37 per cent week-on-week mainly due to the rise in Covid-19 cases in mainland China.
03/14/22 LVS CEO drops hints about new Asian IR Las Vegas Sands’ chairman and CEO Rob Goldstein has said the company is in conversations with an unnamed country.
03/14/22 80% of Singapore Pools turnover now comes from sports betting Singapore’s minister of state for home affairs used the figures to make the case of an overhaul of gambling legislation.
03/14/22 Casino stocks fall as Macau toughens Covid-19 measures for Guangdong and other areas Covid-19 countermeasures have been reintroduced for inbound travellers entering Macau from Guangdong and other areas on the Chinese mainland.
