06/26/21 Kingston Financial expects 90% decrease in net profits Kingston Financial Group has announced it expects a 90 per cent decrease in revenue for the fiscal year.
06/26/21 Melco Resorts to raise dividends on behalf of Melco International Melco Resorts & Entertainment may raise its dividend payout to help its parent company, Melco International Development as it needs to fund its shares for the development of an entertainment complex in Zhongshan.
06/25/21 HK-Macau travel bubble plans seem to fall apart again Plans to launch a travel bubble between Hong Kong and Macau have been halted again after a case of the Delta variant of Covid-19 was detected in Hong Kong.
06/25/21 Wynn Macau expects rebound of tourism in summer Linda Chen, executive director of casino operator Wynn Macau Ltd, has said she is confident the number of tourist arrivals to Macau will rise during the summer season.
06/25/21 AAEC lacked experience in casino sector, court hears Carlos Lobo, a former advisor to Macau’s gaming commission has told Macau’s Court of First Instance that AAEC was an experienced company in the finance sector, but did not have experience in tourism or casinos.
06/25/21 Sociedade de Jogos de Macau to officially become SJM Resorts The casino operator has announced it is changing its company name to better reflect its “prominent position in tourism and leisure.”
06/25/21 Melco Resorts could benefit from non-gaming project in Zhongshan According to Sanford C. Bernstein Ltd, the Melco entertainment complex in Zhongshan could help the company retain its gaming concession in Macau’s 2022 retender.
06/24/21 Emperor Entertainment posts annual net loss of US$22.9m Emperor Entertainment has shared its financial results for the year ending March 31, reporting a net loss of HKD177.6m (US$22.9m).
06/23/21 HK-Macau travel bubble to go ahead if HK reaches 28 Covid-19 free days Macau authorities have stated that a travel bubble with Hong Kong will be possible once Hong Kong has gone at least 28 days without any new Covid-19 cases.
06/21/21 Macau GGR down 24% in third week of June Macau’s GGR was down 24 per cent when compared to the previous week and 51 per cent from May, mainly due to restrictions in the Guangdong province after a rise in Covid-19 cases.
06/21/21 Macau to continue easing controls with Guangdong province As Covid-19 cases continue to decline in Guangdong, Macau authorities are considering easing restrictions for travellers.
06/21/21 Success Universe provides financial assistance to Ponte 16 Success Universe Group has provided financial assistance to Ponte 16 and acted as guarantor of the company’s payment obligations.
06/18/21 Pansy Ho Chiu King continues to reduce MGM Resorts stake Pansy Ho Chiu King has reduced her MGM Resorts International stake to 0.82 per cent after selling an aggregate of 204,459 shares.
06/18/21 Macau may double its number of gaming inspectors Authorities are planning to restructure the Macau Gaming Inspection and Coordination Bureau, adding more gaming inspectors and an extra director.
