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.
06/04/21 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.
06/04/21 Sands expects The Londoner to see similar revenue to The Venetian Las Vegas Sands’ CEO has said the company’s London-inspired casino resort has the potential to reach the same performance levels as The Venetian.
06/03/21 Sands China and Galaxy lead Macau GGR in Q1 According to analysts at financial services firm Deutsche Bank, Sands China and Galaxy together accounted for 45.3 per cent of Macau GGR in the first quarter of the year.
06/03/21 Macau GGR could reach 45% of 2019 levels in June, analysts say Bernstein Research predicts Macau GGR may slow down due to a rise in Covid-19 cases in China, which could lead to a decline in visitor arrivals.
06/02/21 Grand Lisboa Palace moves closer to opening The Macao Government Tourism Office (MGTO) has reported that Grand Lisboa Palace is in the final stages of licensing.
06/02/21 Macau GGR up 24.3% in May Macau has reported gross gambling revenue of MOP10.45bn (US$1.31bn) for May, up 24.3 per cent when compared with the previous month.
05/29/21 Macau should regulate CSR for casino operators, analysts say As part of the retendering process for gaming licences, Macau authorities could introduce a rule to regulate casino operators’ corporate social responsibility.
05/29/21 Macau hotel guests up 550.3% in April The Macau Statistics and Census Bureau has reported that the average occupancy rate at Macau hotels was up 550.3 per cent when compared to last year.
05/27/21 Morgan Stanley cuts forecast for Macau GGR Morgan Stanley now forecasts that Macau GGR will reach nearly 45 per cent of pre-pandemic levels this year.
05/25/21 Macau GGR up 12% in third week of May Macau GGR was up 12 per cent in the third week of May when compared to the previous week but down 6 per cent when compared to April.
05/25/21 MGM China expects summer holiday period to boost revenue MGM China is confident the summer holiday period will boost revenue in Macau.
