08/09/20 Bowie resigns as MGM China’s executive director The company has also announced the appointment of former MGM Resorts International exec Khanna Molino as non-executive director.
08/09/20 Pansy Ho registers interest in father’s estate Pansy Ho is the richest woman in Hong Kong, with an estimated fortune of US$4.25 billion and investments in two of Macau’s six casinos.
08/09/20 Londoner to open “when visitation shows increase” Sands China’s US$2.2bn new hotel will be finished by the third quarter of 2020.
08/07/20 Macau expecting “good news” on border restrictions Macau is working with the Chinese government on loosening border restrictions to boost the economy.
08/06/20 Macau grants licence to new Cotai hotel The Macau Government Tourism Office has awarded casino operator SJM a licence for the opening of new venue Lisboeta.
08/06/20 Macau to recover faster than Las Vegas, analyst says According to a professor and tourism expert, Macau will recover from the impact of the Covid-19 pandemic faster than Las Vegas.
08/05/20 Wynn Macau reports US$351m loss for Q2 Wynn Macau casino and resort has revealed financial results for the second quarter of the year showing a net loss of US$351 million.
08/05/20 Macau: 338 companies closing in H1 According to the Statistics and Census Bureau, 338 firms in the city of Macau were in the process of closing down in the first half of the year.
08/05/20 Sheraton Grand Macao no longer used for quarantine The hotel had been designated as a quarantine hotel by Macau authorities but will now return to normal activity.
08/04/20 Macau: strict controls for Hong Kong visitors Authorities have decided to impose strict measures on arrivals from Hong Kong, where Covid-19 cases continue to rise.
08/04/20 Melco increases stake in Studio City The company developing the Cotai integrated resort will receive about US$500 million to invest in Phase 2 of construction.
08/03/20 Macau GGR recovers slightly in July Gross gaming revenue in Macau for July remained down 94.5 per cent year-on-year but climbed 87.7 per cent on June’s total.
08/02/20 Macau casinos could break even in September Analysts at Credit Suisse believe easing of restrictions and issuing of non-tourism visas from mainland China will improve VIP revenues.
08/02/20 MGM China receives near zero visits in Q2 The company has posted negative financial results, but the new CEO and president says he remains excited about a Japan IR opportunity in Osaka.
08/02/20 LVS president: Macau will recover before Vegas Robert Goldstein expects the resumption of the IVS scheme for Chinese tourists late in the summer or fall.
