01/19/21 Macau gaming industry achieves breakeven EBITDA According to Sanford C. Bernstein, Macau is already achieving breakeven EBITDA due to a recovery in mass and non-gaming.
01/19/21 Grand Lisboa Palace to see EBITDA of US$451m by 2023 Fitch Ratings has made the forecast in a report on casino operator SJM Holdings.
01/19/21 Macau casinos grant employee bonuses Wynn Macau, Melco and MGM China will offer non-management employees the equivalent of a month’s salary.
01/18/21 Moody’s fears Melco debt could reach US$7bn The ratings agency cites “sluggish cash flow” and planned capital spending on Studio City and a Cyprus resort.
01/18/21 Macau’s GGR reaches US$2.75bn in last quarter Mass baccarat represented over half of GGR at Macau casinos for last three months of 2020, followed by VIP baccarat and slot machines.
01/15/21 Four accused of selling fake VIP chips in Macau Four residents allegedly sold about US$189,790 in fake chips to two local businessmen.
01/15/21 Macau gaming service index up 17 points A mystery shopper survey found casino workers are more proactive and smiling more but also less tolerant with customers.
01/14/21 Macau hotel prices fell 50% in 2020 Impacted by the pandemic, the Tourist Price Index in the last quarter of the year fell by 15 per cent, according to the Statistics and Census Bureau.
01/14/21 Pansy Ho’s PR firm signs agreement with MGM China Occasions Asia Pacific will provide PR and marketing services to MGM Grand Paradise, a subsidiary of MGM China.
01/14/21 Melco GGR up 94% in final quarter of 2020 The company has revealed insights to its financial recovery while announcing a new international offer of senior notes.
01/13/21 Macau EBITDA up 140% from Q1 2020 According to a report from Morgan Stanley, the last quarter of 2020 is likely to show growth compared to the first quarter of the year.
01/13/21 Suncity VIP volume up to 20% of pre-Covid-19 levels The recovery has been slower and more gradual than the group expected, according to Goldman Sachs analysts.
01/13/21 Macau: suspicious transactions reports fall 24% in 2020 The gaming industry filed 1,215 STRs in Macau in 2020, accounting for 54.6 per cent of all reports.
01/12/21 Macau cautious over Chinese New Year estimates The Chinese government’s call for Guangdong residents to stay put will have consequences for Macau.
01/12/21 City of Dreams to reopen hotel before Chinese New Year The Nüwa hotel at the casino resort complex in Macau will reopen after refurbishment in time for the holiday period.
