10/27/21 Investment firm launches third Macau gaming fund Ossolinski Holdings has launched a third investment fund for “contrarian investors” who wish to invest in Macau gaming stocks during the current pandemic downturn.
10/27/21 Analysts expect Macau’s gaming concessions to be extended Analysts at JP Morgan expect Macau’s gaming concessions will be renewed or extended beyond June 26, 2022, by six to twelve months.
10/27/21 Macau Gaming Tax revenue down 45.9% in September Macau’s tax revenue from the gaming industry declined 45.9 per cent month-on-month in September, from MOP3.27bn (US$408m) to MOP1.77bn (US$220.5m).
10/26/21 Macau GGR doubles in third week of October Macau’s GGR for the third week of October reached average daily revenue of MOP157m (US$19.6m), up 98 per cent when compared to MOP79m in the previous week.
10/26/21 Macau casino operators to sponsor Grand Prix races Macau’s six casino operators will each sponsor one of the races at the 68th Macau Grand Prix, which will take place from November 9 to 21 without international competitors due to Covid-19 restrictions.
10/25/21 Macau Legend criticises reduction of gaming concessionaires David Chow, Macau Legend Co-Chairman, is against the government’s proposed changes to reduce the number of concessionaires.
10/25/21 Macau’s last public consultation session was held today Macau’s Gaming Inspection and Coordination Bureau (DICJ) has held its last session. The public consultation period will run until October 29.
10/25/21 Macau sees rise in visitor numbers after Covid-19 outbreak ends A total of 25,252 arrivals were registered last Friday, the highest daily figure since local Covid-19 cases emerged at the end of September.
10/25/21 Sands China will continue leading Macau GGR, analysts say Analysts at Sanford C. Bernstein have predicted Sands China will account for nearly 27 per cent of Macau’s GGR in the next few years.
10/25/21 MGM Resorts and Wynn Macau also report high rates of vaccination The Macau casino operators have reported that they have reached a vaccination rate of over 80 per cent among staff.
10/22/21 Analysts expect increase in gaming taxes in Macau A panel of analysts and gaming experts have discussed the possibility of an increase in gaming taxes in Macau if the government’s proposed changes to gaming laws are approved.
10/22/21 Macau gaming law consultation sessions resume today Authorities in Macau have finally resumed the public consultation sessions on gaming laws with the presence of representatives from at least three of the city’s six gaming operators.
10/22/21 Galaxy and Melco report high rates of vaccination among staff Galaxy Entertainment has reported that 82 per cent of its staff has been vaccinated while Melco Resorts has reached a 75 per cent vaccination rate.
10/21/21 Macau received 629,085 arrivals in September Arrivals were up 53.7 per cent when compared to August, mainly due to an easing of travel restrictions.
