06/01/20 Macau: GDP plunges in 1Q20 Macau’s gross domestic product decreased during the first quarter of the year, as part of the impact of the pandemic crisis.
06/01/20 Macau: GGR fall 93% in May Macau gross gaming revenue fell 93.2% year on year in May due to crisis in the gaming industry after pandemic.
05/29/20 MGM China confirms final dividend Shareholders have approved the payment of a final dividend of HKD0.083 per share (US$0.01).
05/28/20 MGM China secures US$301m revolving credit facility Funds will be used for working capital needs and general corporate purposes.
05/26/20 Macau daily GGR down last week, say analysts The average daily rate was estimated to be approximately MOP25million (US$3.1million) reflecting a 103 percent decrease year-on-year.
05/25/20 Macau urges China to reopen borders Delegation of Macau lawmakers set to request the reopening of borders at the National People’s Congress.
05/22/20 Macau spent US$7.5m on hotels due to pandemic Macau spent US$7.5 million in hotels designated for hosting people who had to undergo a 14-day quarantine during pandemic.
05/22/20 Non-payment causes APE to cancel lease agreements APE said it will write off an estimated HK$26million (US$3.4million) as a result of not being paid by two firms.
05/22/20 Melco, Wynn and Galaxy to lead post Covid-19 recovery Sandford C. Bernstein says the three companies have advantages over other operators due to their higher focus on premium mass and VIP players.
05/21/20 Macau: spending down 70% in 1Q20 Spending rates of Macau visitors declined by 70.4 per cent to MOP$5.01billion (US$628million) in the first quarter of the year.
05/21/20 Macau: visitors down 99.7% in April Macau received 11,041 visitors in April due to the border restrictions relating to the Coronavirus pandemic.
05/20/20 POGOs playing “significant role” in economic recovery Accredited Service Providers Association of PAGCOR say POGOs are contributing PHP94.7billion (US$1.87billion) to the local economy.
05/19/20 Delta Corp confident with finances despite crisis The India-based company said it does not expect any significant impact of the pandemic on its financial results for the year ended March 31, 2021.
05/19/20 Tabcorp secures debt waiver from bank lenders The waiver covers the next two testing dates for the AU$2.2billion debt which occur on June 30 and December 31.
05/18/20 Silver Heritage Group enters administration Gaming investors had been looking into alternatives but Covid-19 scuppered plans to sell assets.
