East Asia

Wynn Resorts CEO optimistic about future of Macau gaming

Matt Maddox, chief executive of Wynn Resorts Ltd, believes Macau’s intention to increase the oversight of gaming concessionaires was a practical decision rather than a punitive one.

09/24/21

Capital Group Companies Inc reduces stake in Wynn Macau

Capital Group has announced it has reduced its stake in Wynn Macau from 7.20 per cent to 6.87 per cent.

09/24/21

Sands China completes issue of US$1.95bn in senior notes

Sands China has announced it has finished the issuance of new unsecured notes to redeem in full the outstanding principal amount of its US$1.80bn 4.6 per cent senior notes due 2023.

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.

Check the latest East Asia news

Wynn Resorts CEO optimistic about future of Macau gaming

Capital Group Companies Inc reduces stake in Wynn Macau

Sands China completes issue of US$1.95bn in senior notes

Expectations rise for October Golden Week in Macau

Nagasaki expects annual GGR of US$1.37bn from its IR

Increased supervision over Macau casinos could hurt premium mass market

SJM Holdings expects casino licence renewal for ten years

Macau received 409,207 arrivals in August

Guangdong removed from Macau’s inbound quarantine list

R&F Properties gets US$1.03bn loan to pay off short-term debts

Casino operators request more info on Macau gaming law changes

Macau GGR down 8% in third week of September

Okada appeal dismissed by Supreme Court in Japan

Suncity CEO doesn’t expect Macau gaming laws changes to drive out junkets

Analysts lower Macau GGR predictions again

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Philippines reviews China visa policy over illegal gaming

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China lottery sales rise 27.3% in September