08/19/20 China clampdown hurts Macau’s VIP business China’s clampdown on capital flows is causing liquidity problems for the city’s casinos.
08/18/20 Slow recovery in visitation after IVS return If the IVS resumption continues, analysts expect Macau’s six major casino operators to break even by mid-Autumn.
08/16/20 Sands China reports US$716m loss for H1 Profit for the first half fell 167% due to the pandemic.
08/16/20 APE revenue plummets in H1 The company says it will now focus its equipment business on Macau.
08/16/20 Operating revenues fall 79% at Wynn Macau The group has suspended major project capital expenditures for the remainder of the fiscal year.
08/14/20 Macau: little border movement despite new visas Macau’s authorities have reported a small increase of visitors coming from mainland China after the resumption of visas for Zhuhai.
08/14/20 Chinese tourists will prefer Macau over Hong Kong A survey from Morgan Stanley found that with travel visas being reinstated, inbound tourists are more likely to choose Macau.
08/14/20 Macau safety measures will remain until vaccine available The Macau health bureau says adjustments will only be considered after a vaccine against the novel coronavirus is available.
08/13/20 Macau collected US$50m in tax revenue in July Macau’s Financial Services Bureau has revealed the tax figures for July.
08/13/20 Macau junkets: “Recovery could take 2 or 3 years” Kwok Chi Chung thinks it will take up to 3 years for VIP revenue to reach 2019 levels
08/12/20 Wynn Macau launches charitable foundation The Macau-based company says the foundation already has the approval of the government.
08/12/20 Macau says casino licences not a priority Heading to a meeting with Beijing, Macau’s Chief Executive said the gaming industry would not be discussed.
08/11/20 Macau Individual Visa Scheme to resume August 12 Visas for tour groups will also be reinstated, but authorities warn the move will be revoked if it leads to a surge in Covid-19 cases.
08/10/20 Macau Legend Cape Verde IR delayed Macau Legend group will continue with the development of an integrated resort in Cape Verde, despite delays due to the pandemic.
