12/15/21 Suncity to sell business jet to boost liquidity Suncity Group Holdings has announced it will sell a business jet that the company acquired fewer than two years ago.
12/15/21 Macau 11-month gaming tax revenue reaches US$3.89bn Macau’s tax revenue from the gaming industry was up 15.1 per cent year-on-year for January to November.
12/15/21 Hann Casino Resort in the Philippines opens its doors Hann Philippines has finally launched Phase I of its new hotel and casino complex at the Clark Freeport Zone.
12/15/21 Macau casino stocks fall on concerns over increasing regulatory risk Macau casino stock prices declined after Fitch downgraded the ratings of Las Vegas Sands Corp, SJM Holdings and MGM Resorts International due to a possible increase in the oversight of gaming concessionaires.
12/15/21 Genting Hong Kong to resume operations in Taiwan Authorities in Taiwan have confirmed that Genting Hong Kong has been allowed to resume operations while following Covid-19 countermeasures.
12/14/21 Wakayama urged to give more detail on IR plans Yoshinobu Nisaka, a member of the Japanese Liberal Democratic Party, has urged the Wakayama Prefectural Government not to hold public hearings until giving more details about the winning consortium.
12/14/21 Genting Hong Kong to receive $30m bridging loan The casino cruise ship operator has announced it has agreed a $30m bridging loan from a company connected to its chairman Tan Sri Kok Lim.
12/14/21 Macau finance secretary speaks on VIP room shutdown Lei Wai Nong has spoken about the shutdown of VIP rooms in the city and how it will affect Macau’s economy.
12/14/21 Morgan Stanley lowers Macau GGR forecast for 2022 Morgan Stanley has lowered its predictions for Macau’s gross gaming revenue in 2022 due to travel restrictions and the upcoming changes to Macau’s gaming laws.
12/13/21 Suncity Group could change hands due to Cheok Wa debt Star Soul Investments Ltd, a company led by Alvin Chau Cheok Wa, must repay just over HK$313.6m (US$40.2m) to a group of lenders.
12/13/21 Macau GGR down 12% in second week of December Macau’s GGR for the second week of December was down 12 per cent week-on-week from MOP260m (US$32.4m) to MOP229m (US$28.5m).
12/13/21 Hong Kong-China travel bubble to be launched from December 19 Authorities in China have finally announced the country will open its borders for travellers from Hong Kong from December 19.
12/13/21 Fitch downgrades ratings for three Macau casino operators The ratings of Las Vegas Sands Corp., SJM Holdings Ltd. and MGM Resorts International have been downgraded due to uncertainty surrounding the Covid-19 pandemic and a possible increase in the oversight of gaming concessionaires.
12/13/21 Macau to provide assistance to Suncity employees Macau’s Labour Affairs Bureau (DSAL) will provide consultation on labour rights to Suncity workers who have been affected by the closure of the company’s VIP rooms.
12/10/21 “Macao Week” attracts 1.9m visitors According to the Macau Government Tourism Office (MGTO), the Macao Week roadshow was attended by 1.9 million visitors and engaged 550 million viewers online.
