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.
12/10/21 Nagasaki postpones public IR consultation until February The Nagasaki Prefectural Government has confirmed the period for public remarks that was supposed to begin in January has been delayed by a month.
12/10/21 Suncity and Summit Ascent shares suspended from trading The shares of Suncity Group Holdings and its Summit Ascent division were suspended from trading on Thursday after an announcement that an associate of its controlling shareholder may have a loan default.
12/09/21 DICJ warns VIP room workers cannot be dismissed Macau’s Gaming Inspection and Coordination Bureau (DICJ) and the Labour Affairs Bureau have said that the jobs of employees in VIP rooms promoted by junket operators shouldn’t be affected by the suspension of partnerships.
12/09/21 SJM Holdings and Galaxy to continue working with junket operators SJM Holdings and Galaxy Entertainment Group have revealed that they will maintain their cooperation agreements with junket operators at least until the end of current contracts.
12/09/21 Macau gaming and tourism to recover in 2022, analysts say Analysts at Fitch Ratings Inc. have predicted that Macau’s gaming and tourism sectors recovery will gain steam in mid-2022.
