03/05/21 Sands sells Las Vegas properties to focus on Asia Casino giant Las Vegas Sands is selling its world-famous Venetian casino for US$6.25bn to invest in its Asian businesses.
03/04/21 Macau gaming tax revenue drops 63.6% in January Macau’s government collected MOP$3.21bn (US$402m) in tax revenue from the gaming industry in January.
03/03/21 Macau casino dealers to receive Covid-19 vaccine The Macau government will start contacting gaming concessionaires this week to arrange vaccinations.
03/02/21 Macau GGR declines 8.9% in February Revenues declined to MOP$7.31bn (US$914.5m), compared to MOP8.02bn (US$1.0bn) in January.
02/26/21 Macau to recover in Q2 according to Melco Resorts CEO Melco Resorts chairman and CEO Lawrence Ho said Macau’s casino sector will recover “hopefully sometime in Q2, maybe the end of Q2”.
02/26/21 Suncity to open new VIP gaming clubs in Macau The clubs will be located at two Cotai casino resorts: The Londoner Macao and Grand Lisboa Palace.
02/25/21 Galaxy Entertainment returns to positive EBITDA The Macau casino operator saw a notable improvement in operating revenue for the fourth quarter of 2020.
02/25/21 Macau Legend still hopes for gaming licence of its own Macau Legend’s current access to gaming rights is under services agreements with Macau casino licensee SJM Holdings.
02/25/21 Grand Lisboa Palace opening moved back again SJM Holdings hopes to open Grand Lisboa Palace in May or June but the exact date remains subject to market conditions.
02/24/21 SJM revenue down 77.8% in 2020 The Macau casino operator reported a net loss of nearly HKD3.03bn (US$390.2m) for the year ending December 31.
02/24/21 Macau gaming stocks reach two-month high Macau casino stocks have risen nearly 12 per cent following the announcement of quarantine-free travel from mainland China.
02/24/21 Macau GGR rises 7% after Chinese New Year Macau’s gross gaming revenue increased by 7 per cent month-on-month for the first three weeks of February
02/22/21 Galaxy Macau Phase 4 to move ahead Galaxy Entertainment has said works will be complete in three years but has not specified an exact date.
02/19/21 Macau urges China to resume issuing digital visas The e-visa programme would benefit tourism by allowing more Chinese residents to travel to Macau.
02/19/21 Macau gaming tax revenue drops 74% in 2020 Macau’s government collected MOP29.81bn (US$3.73bn) in tax revenue from the gaming industry in 2020.
