09/30/21 Macau to revise budget forecast due to low GGR Amid the new local Covid-19 cases, authorities will adjust Macau’s 2021 budget forecast predicting a decline in casino gross gaming revenue.
09/30/21 End to Zhuhai quarantine may not save Macau Golden Week Ho Iat Seng, Macau’s Chief Executive, has said that even if Zhuhai in Guangdong drops its inbound quarantine, it won’t help Macau’s tourism arrivals for October Golden Week.
09/30/21 Japan’s next prime minister in favour of IR developments Fumio Kishida, who will assume as Japan’s next prime minister on October 4, is a supporter of the country’s casino resort policy.
09/30/21 China and Cambodia renew agreement on cross border crime Authorities from China and Cambodia have signed an agreement to continue working together against cross-border crimes, including illegal online gambling.
09/29/21 Macau occupancy rate down 25.3% in August The Macau Statistics and Census Bureau has reported that the average occupancy rate at Macau hotels was down 25.3 per cent month-on-month in August.
09/29/21 Sands China redeems US$1.8bn senior notes due in 2023 Sands China has announced it has fully redeemed its US$1.8bn senior notes due in 2023 with an interest rate of 4.6 per cent.
09/29/21 Macau casino operators reminded to have Covid-19 contingency plans Authorities met with casino, lottery and sports betting operators and warned them to have Covid-19 contingency plans after local cases were detected at the weekend.
09/28/21 Osaka: MGM-Orix IR expects US$3.87bn in annual gaming sales Osaka Prefecture has revealed that the MGM-Orix request-for-proposal (RFP) submission predicts that its planned IR could generate JPY430bn (US$3.87bn) in annual gaming sales.
09/28/21 Genting Hong Kong continues to seek new sources of funding The casino cruise ship operator has been deeply affected by restrictions due to the Covid-19 pandemic and is looking for new business opportunities to diversify.
09/28/21 Macau arrivals plummet after new Covid-19 cases The new appearance of local Covid-19 cases has caused the number of tourist arrivals to plummet by 70 per cent.
09/28/21 Okura Holdings revenue down 23.1% for FY21 Okura Holdings has reported that revenue declined 23.1 per cent during fiscal year 2021, to JPY5.4bn.
09/27/21 Analysts warn caution amid Macau’s proposed new gaming laws Brokerage JP Morgan has warned that Macau’s gaming sector could be “un-investable” due to the possibility of increased oversight of gaming concessionaires and junket operations.
09/27/21 Macau October Golden Week at risk amid local Covid-19 cases An outbreak of two local Covid-19 cases has endangered Macau’s expectations for the October Golden Week.
09/27/21 Macau cancels gaming law consultation session due to Covid-19 cases Macau’s Gaming Inspection and Coordination Bureau has confirmed that the public consultation on gaming law has been cancelled after two local cases of Covid-19 were detected.
09/24/21 Melco Resorts and MGM China highlight green initiatives Melco Resorts and MGM China have highlighted recent ecological initiatives.
