10/15/21 Las Vegas Sands’ CEO says AAEC’s claim “exaggerated” Dave Sun Minqi, senior vice president and chief financial officer of Las Vegas Sands Macau told the court that AAEC’s suit for over US$12m was exaggerated.
10/14/21 Macau: IMF forecasts GDP growth of 20.4% for 2021 The International Monetary Fund has downgraded its predictions for Macau’s economy as the city has been heavily impacted by the Covid-19 pandemic.
10/14/21 Melco Resorts credit rating downgraded Melco Resorts & Entertainment’s credit rating has been downgraded by S&P Global due to a slow recovery amid the Covid-19 pandemic in Macau and the Philippines.
10/13/21 Macau cancels third gaming law consultation session The third scheduled meeting for the public consultation on gaming law amendments has been cancelled due to a typhoon alert.
10/13/21 Kangwon Land’s main shareholder transfers stake The Mine Reclamation Corp, one of Kangwon Land’s main shareholders. has announced it has transferred its entire 36.27 per cent stake to an entity called the Korea Mine Rehabilitation and Mineral Resources Corp.
10/13/21 Macau’s gaming market may not recover until 2025, analysts say Analysts at Sanford C. Bernstein predict Macau’s gaming market will return to pre-pandemic levels by 2025.
10/12/21 Nagasaki asks Casinos Austria for details on IR plan The Nagasaki Prefectural Government has asked Casinos Austria International Japan Inc to present a point-by-point plan of the consortium’s structure and how it will raise funds before the end of October.
10/12/21 Macau GGR for October likely to be down 80%, analysts say Due to new Covid-19 cases in Macau, analysts expect revenue will be down 80 per cent when compared to pre-pandemic levels.
10/12/21 Casino Oceanus to reopen after a snap four-day closure SJM Holdings has reported that Casino Oceanus has reopened its doors after a snap four-day closure due to local Covid-19 cases.
10/11/21 Macau Golden Week visitors down 93% Just 8,159 people arrived in Macau during the festive period after new local Covid-19 cases were detected.
10/11/21 City of Dreams Macau takes over management of nightclub Melco Resorts and Entertainment has announced that the former promoter has ceased managing Club Cubic, which will reopen with a new name.
10/11/21 Macau: more inspections of casino Covid-19 measures The Gaming Inspection and Coordination Bureau has intensified its inspections at casinos in a bid to ensure epidemic prevention measures are in place and are being followed.
10/07/21 Lawyers contest controls over Macau casino dividend distribution A group of lawyers says the proposal for casinos to require government endorsement before distributing profits is unjustifiable. They propose an alternative solution.
10/07/21 Macau classified as medium-to-high risk area by Zhuhai Amid a rise in Covid-19 cases in Macau, the district zone of Zhuhai in the neighbouring province of Guangdong has labelled the city as a medium-to-high risk area for Covid-19.
10/06/21 Japan relying on IRs to boost tourism Tetsuo Saito, Japan’s minister of land, infrastructure, transport and tourism, has said that the country’s planned integrated resorts will be a key driver to bring in tourists.
