07/24/20 HK extends quarantine until September Citizens from Macau and mainland China will still be required to quarantine on entering HK even if they have negative Covid-19 test results.
07/23/20 Sands China revenue down 98% in Q2 Net revenue at Las Vegas Sands casino and resort in Macau reached a mere US$40 million between April and June.
07/23/20 Nagasaki admits IR process could be delayed The news comes after the central government confirmed the IR basic policy guidelines won’t be ready by July 26 as expected.
07/23/20 US$1 billion loss for Macau casinos in Q2 Bloomberg analysts expect negative EBITDA for Macau’s six largest casino operators for the period between April and June.
07/22/20 China: travel will return to growth by 2022 Analysts expect the Chinese tourists’ appetite for overseas travel to recover beyond 2019 figures within two years.
07/22/20 Macau EBITDA “should break even in Q3” Morgan Stanley has lowered the expectations for GGR recovery this year but believes casinos should break even in Q3.
07/22/20 Japan’s IR policy no longer expected this month The criteria for selecting IR licences was expected to be revealed on July 26 but the goverment now says the deadline is not fixed.
07/21/20 Macau daily visitors down 99.3% in June Visitor numbers remain low but are a significant improvement from May’s arrivals. Visit length also increased.
07/21/20 DICJ to conduct stricter inspections in casinos Inspections will coninue and meetings with the six largest casino operators in Macau are being held to evaluate Covid-19 measures.
07/21/20 IR contender gives US$200,000 to Nagasaki NGO The money will go to relief efforts aimed at alleviating the effects of the recent torrential rains and floods in the area.
07/19/20 Lawrence Ho acquires US$60M of Studio City notes The chairman and CEO of Melco Resorts & Entertainment Limited, majority owner of Studio City, bought US$60 million of new senior notes.
07/19/20 Macau Legend not expecting tourism boost Macau Legend CEO Melinda Chan Mei Yi is not expecting major growth in tourism from the latest measures.
07/19/20 New Silkroad expects huge losses at Jeju casino The firm that operates the MegaLuck casino at Jeju’s KAL Hotel reports it will more than its double losses in the first half of the year.
07/19/20 Yokohama launches videos on IR bid Since community briefings are on hold, the city intends to use videos to raise awareness of the benefits of a potential IR.
07/17/20 Macau mass and VIP business down by 95% Both mass and VIP gaming revenues plummeted by more than 95% year-on-year in the second quarter because of Covid-19 restrictions.
