08/24/20 South Korea: Kangwon Land casino resort closes again The only casino resort where locals are allowed to gamble has closed again due to a rise in Covid-19 cases.
08/23/20 Melco believes premium markets will lead recovery During its earnings conference call, Melco’s chairman said the evolution of Macau’s gaming sector will be gradual rather than V-shaped.
08/21/20 Macau visits increase 228% in July According to the Statistics and Census Bureau (DSEC), in July Macau received 74,006 visitors.
08/21/20 Macau Legend estimates US$63m losses for H1 Macau Legend has revealed financial results showing losses for the first half of the year due to the impact of the pandemic on tourism to Macau.
08/21/20 Genting HK suspends payments to creditors The company will hold a virtual meeting to give further information on financial restructuring plans. It asked creditors to refrain from legal action.
08/21/20 Melco reports 88% drop in revenue for Q2 Revenue for the second quarter fell to US$0.18 billion.
08/21/20 Las Vegas Sands and AAEC legal battle delayed The next stage in the legal battle was set to take place in September but has been pushed back to June 2021.
08/20/20 Macau: new hirings in gaming sector plummet in Q2 According to the Macau Statistics and Census Bureau, the number of new employees hired in the sector fell 93 per cent.
08/20/20 Macau announces resumption of ferry services The SAR government expects to boost the gaming and tourism sector with the resumption of public transport to Zhuhai, in Guandong province.
08/20/20 Yokohama IR policy delayed According to Yokohama’s Mayor, the delay comes from the national government, that has not yet delivered its IR policy.
08/20/20 Supreme Court ratifies Okada’s ban from board The decision to prevent the casino entrepreneur and founder of Okada Holding from returning for 30 years is now final and binding.
08/19/20 Macau: expert raises concerns over licence system A gaming scholar from Macau has questioned the current licence system in the city due to its inefficiency in responding to rapid market changes.
08/19/20 Suncity Group reveals fall in net losses for 1H The Hong Kong-based casino resorts company reduced net losses in the first six months of the year.
08/19/20 Wynn concerned over US-China tensions The Macau operator fears higher volatility in international markets and the impact of the US ban on WeChat.
08/19/20 China clampdown hurts Macau’s VIP business China’s clampdown on capital flows is causing liquidity problems for the city’s casinos.
