06/09/21 Pansy Ho Chiu King reduces MGM Resorts stake to 0.86% Pansy Ho Chiu King has sold US$20.4m worth of shares in MGM China’s parent company, MGM Resorts International, reducing her stake to 0.86 per cent.
06/09/21 AAEC’s US$12bn lawsuit against Las Vegas Sands to resume Asian American Entertainment Corporation (AAEC) is suing Las Vegas Sands for over US$12m. The trial will resume next week.
06/09/21 Macau Slot loses exclusive rights to run instant lotteries The instant lottery and sports betting concessionaire has extended its concession for three years but without exclusive rights.
06/09/21 Macau considers mass testing due to Covid-19 cases in Guangdong Authorities are worried that the rise in Covid-19 cases in Guandong could affect the city’s economic recovery.
06/09/21 Wakayama: Clairvest partners with two companies for IR bid The Wakayama Prefectural Government announced Clairvest Neem Ventures’ consortium as its IR partner after Suncity Group’s withdrawal from the contest.
06/09/21 Jeju Dream Tower casino to open on Friday Lotte Tour Development has announced it is ready to open its Jeju Dream Tower on June 11.
06/08/21 Shanghai to test digital yuan for lottery prizes Lottery winners will receive 350,000 digital red envelopes containing 55 units of the Chinese central bank’s digital currency (CBDC) equivalent to $3m.
06/08/21 Macau GGR to drop 30% in June, analysts say Bernstein Research predicts that Macau’s GGR will decline in June due to a new surge in Covid-19 cases in Guandong province.
06/08/21 Macau tightens controls amid rise in Covid-19 cases in Guangdong Macau has tightened restrictions in response to new cases of Covid-19 in Guandong. Tourism services are expected to be impacted by the new measures.
06/08/21 Suncity launches voluntary redundancy scheme Suncity Group is offering voluntary redundancy through a “Personal Career Reshaping Plan” due to the impact of the Covid-19 pandemic.
06/05/21 MGM CEO: only two Japanese IRs likely to be built Bill Hornbuckle, MGM president and CEO, has said he believes Japan will only build two IRs in the first round of development.
06/04/21 Macau’s recovery slower than expected, Bill Hornbuckle says Despite a slower recovery, MGM Resorts’ CEO believes Macau’s market is in good shape.
06/04/21 Grand Lisboa Palace opening pushed back to Q3 SJM Holdings had hoped to open Grand Lisboa Palace in May or June, but the opening looks likely to be delayed to the third quarter of this year.
06/04/21 Pansy Ho sold more MGM China shares in May Pansy Ho Chiu King sold US$86.05m worth of shares in MGM China’s parent company, MGM Resorts International, reducing her stake to 0.96 per cent.
06/04/21 Macau gaming tax revenue up 57% in April Macau’s government collected MOP3.2bn (US$401.6m) in tax revenue from the gaming industry in April.
