07/01/22 Wynn Macau pays US$74.5m for the right to use “Wynn” trademark The licence fee payable by Wynn Macau equals 3 per cent of the intellectual property gross monthly revenues.
07/01/22 Macau casinos asked to temporarily reduce staff amid Covid-19 outbreak Authorities in Macau have asked casinos to reduce staff by as much as 90 per cent.
06/30/22 Macau Covid-19 cases continue to rise The Sheraton Grand Macao at the Londoner Macao casino resort on Cotai has been added to the list of hotels used for quarantine purposes.
06/29/22 Las Vegas Sands GGR won’t see full recovery until 2024, analysts say Analysts at Moody’s Investors Service Inc say the recovery will still depend on the reopening of borders and the resumption of business travel.
06/29/22 Macau casino workers call for venues to close amid Covid-19 outbreak The New Macau Gaming Staff Rights Association is concerned about the rapid growth of new Covid-19 cases in the city and is calling for a temporary closure of casinos.
06/29/22 Kingston Group satellite casinos to continue operating until year-end Kingston Group runs two casinos in Macau in partnership with SJM Holdings, the Casa Real Casino on the Macau peninsula and the Grandview Casino on Taipa Island.
06/29/22 Macau casino stocks rise after China eases Covid-19 countermeasures The quarantine period in China has been reduced to seven days plus three days of self-monitoring.
06/29/22 Macau occupancy rate down 27.9 percentage points in May The Statistics and Census Service (DSEC) has reported that Macau’s hotel occupancy rate was 34.2 per cent in May.
06/24/22 Macau casinos will remain open despite Covid-19 outbreak Ho Iat Seng, Macau’s chief executive, has said that only venues where Covid-19 cases are detected will close.
06/24/22 Emperor Entertainment gaming revenue up 24.6% Emperor Entertainment Hotel Limited has reported that gaming revenue for the year ended March 31 was HK$260.6m.
06/24/22 SJM Holdings refinances syndicated loan facilities SJM Resorts has entered into a facility agreement with a banking syndicate for syndicated loan facilities of up to HK$19bn (US$2.4bn).
