12/08/21 Casino concessionaires suspend operations with Tak Chun junket Tak Chun, the second-largest junket operator in Macau, has confirmed that some casino operators have decided to temporarily suspend their partnerships.
12/08/21 Gaming operators will terminate agreements with junkets, analysts say Analysts at Morgan Stanley have said that more gaming operators will end agreements with junkets, effectively closing the junket sector in Macau without the government having to intervene.
12/08/21 Nagasaki changes IR design plans The Nagasaki Prefectural Government has confirmed there have been some changes to the original design plan for its proposed IR.
12/07/21 Wynn Macau to close all VIP rooms from December 20 Credit Suisse has revealed that Wynn Macau will close all of its VIP rooms and is planning to retain only its direct VIP business.
12/07/21 Macau: DICJ tells junkets to stop offering credit It’s been revealed that Macau’s gaming regulator, the Gaming Inspection and Coordination Bureau (DICJ), has instructed junket operators to stop offering loans to customers.
12/07/21 Macau casino stocks rise after Omicron fears abate Macau casino stock prices rose after worries about the new Covid-19 strain began to subside.
12/07/21 Grand Korea Leisure revenue down 55.9% in November Grand Korea Leisure (GKL) has reported a 55.9 per cent decline in revenue month-on-month, to KRW4.1bn (US$3.5m).
12/07/21 Macau GGR up 14% in first week of December Macau’s GGR for the first week of December was up 14 per cent week-on-week to MOP260m (US$32.4m).
12/06/21 Wynn Macau grants share options to five non-executive directors Wynn Macau Ltd has announced that five non-executive directors have been granted new share options.
12/03/21 SJM Holdings opens new luxury hotel at Grand Lisboa Palace SJM Holdings Ltd has opened its long-awaited Karl Lagerfeld luxury hotel at the Grand Lisboa Palace casino resort with 270 guest rooms and suites.
12/03/21 Concerns raised over Nagasaki IR plans and funding Concerns regarding how the private partner could raise funds to develop an integrated resort in Nagasaki arose during the last Prefectural Council meeting.
12/03/21 South Korea tightens travel restrictions amid new Covid-19 cases Authorities in South Korea have reintroduced a 10-day entry quarantine rule for all inbound international passengers, including Korean nationals.
12/03/21 Paradise Co gaming revenue down 53.6% in November Paradise Co has reported that gaming revenue declined 53.6 per cent month-on-month from KRW21.35bn (US$18.1m) to KRW9.90bn (US$8.4m).
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.
