12/02/21 Macau’s premium mass business could be affected by Alvin Chau arrest Analysts at J.P. Morgan has noted that 10 to 20 per cent of Macau’s premium mass business is connected to junkets.
12/02/21 “Macau’s gaming market will improve in the medium term” – MGM CFO Jonathan Halkyard, CFO of MGM Resorts International, spoke about the future of Macau’s gaming market in an online session at the Morgan Stanley Global Retail and Consumer Conference.
12/02/21 Macau: DICJ confirms suspension of Suncity VIP rooms The Gaming Inspection and Coordination Bureau (DICJ) has confirmed that Suncity Group Holdings has closed all of its VIP rooms in Macau.
12/02/21 Macau GGR for December may rise 8% month-on-month Sanford C. Bernstein has predicted that Macau’s GGR for December could be down by 68 per cent when compared to pre-pandemic levels but up 8 per cent month-on-month.
12/01/21 Suncity Group closes all VIP rooms in Macau Suncity Group Holdings has decided to close all of its VIP rooms in Macau until further notice.
12/01/21 Sands China to pay extra salary for 25,000 employees Eligible non-senior management full-time team members will receive a bonus salary on January 17.
12/01/21 Macau GGR up 54.6% in November Macau has reported gross gambling revenue of MOP6.75bn (US$844m) for November, up 54.6 per cent month-on-month.
11/30/21 China promises tough action on online gambling platforms Miao Shengming, head of the first prosecutor’s office at the Supreme People’s Procuratorate, has said the country will take strong measures against online gambling platforms offering products to Chinese citizens.
11/30/21 China: 14 repatriated for cross-border gambling crimes The Chinese citizens, who were suspected of cross-border gambling and telecommunication fraud, have been arrested and sent back to the country.
11/30/21 Mohegan raises US$1.55bn for Incheon IR project Mohegan Gaming & Entertainment has announced the successful closing of financing for its Incheon integrated resort, Inspire Korea.
11/30/21 Alvin Chau to step down as Suncity CEO Suncity has revealed that Alvin Chau has submitted his resignation amid concerns his arrest could affect company performance.
11/29/21 Hong Kong and China are closer to resuming quarantine-free travel Authorities in Hong Kong have revealed that a travel bubble with mainland China could be launched soon as there have been advances between the two countries.
11/29/21 Suncity Group chairman arrested in Macau Authorities in Macau have confirmed that Alvin Chau and 11 others have been arrested over cross-border gambling and money laundering accusations. Macau casino stocks fell on the news.
11/29/21 Kingston Financial revenue up 238% between April and September Kingston Financial has published its financial results for the six months ending September 30, reporting a 238 per cent growth in gaming revenue.
11/29/21 Macau expects up to 10 million visitors in 2022 Authorities believe an easing of travel restrictions with Hong Kong and mainland China could help the city reach 10 million tourist visits in 2022.
