09/16/20 Macau second half revenues “unpredictable” Chief Executive Ho Iat Seng expects a small increase in revenues before Golden Week, but said revenue for H2 is impossible to predict.
09/16/20 Macau recovery still below expectations The pace of Macau’s recovery remains slower than that seen in such as Australia, South Korea or US territories.
09/16/20 Junket CEO acquires 20.65% of Macau Legend A firm listed in the British Virgin Islands under the name Perfect Achiever Group has made the acquisition for about US$173 million.
09/15/20 Macau: five resorts full for Golden Week According to a Morgan Stanley survey, five out of 23 hotels are fully booked for China’s Golden Week holiday in October.
09/15/20 Macau able to close casinos in event of emergency A new framework for the city of Macau allows authorities to order the shutdown of all casinos in the event of an emergency.
09/15/20 Sands China renegotiates credit terms The Chinese arm of Las Vegas Sands had already asked for lending conditions to be relaxed once due to the Covid-19 pandemic.
09/14/20 Macau: gaming gross fixed capital drops 55% According to the Statistics and Census Bureau, the gross fixed capital formation in 2019 fell compared to the previous year’s numbers.
09/14/20 Macau: Grand Lisboa Palace to open December 20 The company says it will not delay the opening despite the Covid-19 pandemic. Staff will begin working in October.
09/13/20 Macau cautious over Golden Week expectations The MGTO has insisted in waiting until there are no community-transmitted cases of Covid-19 in HK before implementing a travel bubble.
09/12/20 Macau Grand Prix to be held in November For the first time since 1982, there will be no F3 event. Drivers and teams may have to quarantine.
09/11/20 Macau asks companies to help divesify city’s economy Macau’s chief executive met with Chinese companies and asked for support to help GDP recover following the pandemic.
09/10/20 Macau gaming tax collection down 70% January to August Authorities have revealed the steep drop in revenue from gaming taxes.
09/10/20 Wynn downgraded over Macau performance Goldman Sachs has dropped the US-based operator’s rating from “buy” to “hold”.
09/09/20 Galaxy Macau warns over sites using its name The operator of the Macau casino has warned customers over sites using its name.
09/09/20 Air Macau to increase flights to Chinese cities Macau is hoping tourism will boost the SAR’s economy.
