12/22/21 MGM to pay one-off bonus to non-management staff MGM China has revealed it will pay a one-time bonus to eligible non-management employees, which represent 95 per cent of its staff.
12/21/21 Hong Kong-Macau travel bubble to start within a week Elsie Ao Ieong U, Macau’s secretary for social affairs and culture, has confirmed the reopening of borders between Hong Kong and Macau will happen next week.
12/21/21 Macau GGR down 3% in the third week of December Macau’s GGR for the third week of December was down 3 per cent week-on-week from MOP229m (US$28.5m) to MOP221m (US$27.5m).
12/21/21 Nagasaki asks Casinos Austria to name IR partners The Nagasaki Prefectural Government has asked Casinos Austria International Japan to deliver the names of all companies involved in its planned IR project.
12/20/21 Uncertainty surrounds Macau’s economic recovery in 2022 Lei Wai Nong has said the number of tourists in Macaus is increasing but uncertainties remain around the potential for an economic recovery after the Covid-19 pandemic.
12/20/21 Wynn Macau executive director confirms closure of all VIP rooms Linda Chen, executive director of Wynn Macau, said the company will end its cooperation agreements with junket operators before the end of the year.
12/20/21 Fitch downgrades Guangzhou R&F Properties Fitch has downgraded Guangzhou R&F Properties’ rating as the company is near default after exchanging a distressed debt.
12/20/21 Macau says junkets will still be allowed Lei Wai Nong has said that Macau’s legal framework allows for the relationship between gaming operators and junkets as long as everything is done according to the law.
12/17/21 Kangwon Land to reduce hours due to Covid-19 countermeasures Amid a new rise in Covid-19 cases due to the Omicron variant, Kangwon Land will reduce its operating hours from December 18 to January 2.
12/17/21 Alvin Chau Cheok Wa may lose Suncity Group due to unpaid debts Alvin Chau Cheok Wa could lose his controlling stake in Suncity Group after his company failed to pay over HK$313.6m (US$40.2m) to a group of lenders.
12/16/21 Macau publishes plan for economic diversification Macau has released its Second Five-Year Plan for Economic and Social Development for the 2021-2025 period.
12/16/21 Macau handled only 52 gambling disorder cases this year Macau’s Social Welfare Bureau has confirmed the city’s lowest problem gambling rate in a decade with only 52 gambling disorder cases this year.
12/16/21 SJM Holdings CEO confident about Macau casino licence renewal Ambrose So Shu Fai has said SJM Holdings is optimistic that its gaming concession will be renewed.
12/16/21 Legislators ask government to assist VIP room employees Three legislators have asked authorities to protect the labour rights of Macau residents who have been affected by the closure of VIP rooms.
