11/05/21 Grand Lisboa Palace could reach break-even in Q2 2022, analysts say Analysts at JP Morgan Securities predict that SJM’s Grand Lisboa Palace could reach break-even in the second quarter of next year if Macau reopens its borders.
11/05/21 China: 142 suspected of organising travels to gamble at Tigre de Cristal Authorities in China’s Heilongjiang and Jilin provinces have a group that organised trips to gamble at the Tigre de Cristal casino in Russia.
11/05/21 Orix unveils partnership agreement with MGM for Osaka IR development Hitomaro Yano, executive officer at Orix, has revealed that Orix and MGM will each hold 40 per cent equity in the proposed IR.
11/05/21 Macau will aim to open borders when 80% vaccination rate reached Ho Iat Seng, Macau’s chief executive has said that once the city achieves an 80 per cent vaccination rate, it will be easier to negotiate a travel bubble with other regions.
11/04/21 Grand Korea Leisure casino sales down 1.5% in October Grand Korea Leisure (GKL) has reported a 1.5 per cent decline in casino sales month-on-month, from KRW9.42bn to KRW9.27bn.
11/04/21 Macau predicts GGR of US$16.2bn for 2022 Authorities in Macau have revealed that they expect GGR to reach MOP130bn for 2022, a figure similar to what is expected for this year.
11/04/21 Grand Lisboa Palace posts US$8.9 in gaming revenue in Q3 SJM Holdings has reported that gaming revenue from Grand Lisboa Palace in Q3 was HKD69m.
11/04/21 Paradise Co revenue up 125.1% in October Paradise Co has reported that grew 125.1 per cent month-on-month, from KRW9.55bn (US$8.04m) to KRW21.35bn (US$18.1m) in October.
11/04/21 MGM CEO optimistic about Macau casino licence renewal Bill Hornbuckle, MGM president and CEO, has said he is “highly confident” that MGM China’s gaming concession will be renewed.
11/04/21 MGM China net revenue down 7% in Q3 MGM China has revealed its financial results for the third quarter of the year, reporting a decrease in net revenues from US$311m to US$289m.
11/03/21 Second Jeju Dream Tower hotel to open on November 29 Lotte Tour Development Co Ltd will open a second hotel tower on Jeju Island from November 29.
11/03/21 Morgan Stanley says Macau’s regulatory risk is lower than expected Analysts at Morgan Stanley has said that increased supervision over Macau casinos may be lower than stock market investors are currently pricing in.
11/03/21 MGM-Orix could benefit from Japan election results Analysts stated the result of Japan’s general elections is positive for the country’s plan to encourage IR developments, especially for the MGM-Orix consortium in Osaka.
11/03/21 Macau: November GGR may reach just 30% of 2019 levels Analysts have predicted that Macau’s GGR for November could be down by 70 per cent when compared to pre-pandemic levels, mainly due to travel restrictions and new cases of Covid-19 in mainland China.
11/03/21 Kangwon Land eases capacity restrictions Kangwon Land has been authorised to increase its capacity from 1,800 to 2,300 customers.
