09/23/21 Expectations rise for October Golden Week in Macau Expectations for Macau’s October Golden Week continue to rise. Authorities now expect 40,000 daily visitors during the national holiday.
09/23/21 Nagasaki expects annual GGR of US$1.37bn from its IR The Nagasaki Prefectural Government has revealed it expects annual gross gaming revenue (GGR) of JPY150bn (US$1.37bn) from its proposed integrated resort.
09/23/21 Increased supervision over Macau casinos could hurt premium mass market According to Ben Lee, managing partner of iGamiX Management & Consulting, Macau could lose 80 per cent of its premium mass business due to the proposed changes to the city’s gaming laws.
09/22/21 SJM Holdings expects casino licence renewal for ten years SJM Holdings has said it expects that Macau’s gaming concessions will be extended beyond June 26, 2022, for around ten years.
09/22/21 Macau received 409,207 arrivals in August Macau received only 409,207 visitors in August, down 48.2 per cent when compared to July, mainly due to restrictions caused by the Covid-19 pandemic.
09/21/21 Guangdong removed from Macau’s inbound quarantine list Authorities have announced that no areas in the neighbouring province of Guangdong will remain on Macau’s inbound quarantine list as of September 21.
09/21/21 R&F Properties gets US$1.03bn loan to pay off short-term debts R&F Properties, the company that’s developing the Midan City complex in South Korea, borrowed HKD8bn (US$1.03bn) from two major shareholders and company executives to pay off short-term debt.
09/21/21 Casino operators request more info on Macau gaming law changes Macau’s six casino operators have attended a public consultation session and asked for more information on the government’s proposed changes to the current city’s gaming laws.
09/21/21 Macau GGR down 8% in third week of September Macau’s GGR for the second week of September declined 8 per cent, with average daily revenue of MOP243m (US$30.3m).
09/20/21 Okada appeal dismissed by Supreme Court in Japan Former Universal Entertainment Corp chairman Kazuo Okada’s final appeal has been dismissed by the Supreme Court.
09/20/21 Suncity CEO doesn’t expect Macau gaming laws changes to drive out junkets Alvin Chau Cheok Wa, CEO of Suncity, has said he doesn’t believe changes to the current city’s gaming laws are intended to end junket operations in the city.
09/20/21 Analysts lower Macau GGR predictions again Morgan Stanley now predicts that Macau’s gross gaming revenue (GGR) will only reach 33 per cent of pre-pandemic levels this year.
09/17/21 Osaka announces MGM-Orix as IR partner Osaka Prefecture has selected MGM-Orix as its partner for its IR bid.
09/17/21 Wynn Macau gets US$1.5bn credit facility Wynn Macau has announced it has obtained a revolving loan facility of US$1.5bn to refinance existing debt and for general corporate purposes.
09/17/21 Kangwon Land recovery depends on higher vaccination rates Analysts predict Kangwon Land could post consolidated sales up 256 per cent year-on-year for the third quarter as long as vaccination rates increase in South Korea.
