07/31/20 China to partially resume Macau SAR visas The process will resume from August 12. The return of the IVS and permissions for group tours has yet to be decided.
07/30/20 Macau Hotel occupancy down 64 per cent for H1 The amount of locals registering in hotels and guesthouses grew in June due to promotions, but foreign visitor levels continued to drop.
07/29/20 Bernstein: mass will continue to trump VIP market Analysts believe the shift in the business will continue to consolidate during and after the Covid-19 pandemic.
07/29/20 Plunge in number of Macau gaming employees Over 5,200 people in the gaming sector found themselves without a job in the second quarter of the year.
07/29/20 SJM Holdings reports HK$1.4bn loss for H1 The group has posted losses of US$176.8 million for the first half of the year and revealed details about its Cotai integrated resort.
07/29/20 No negotiations for return of IVS Although the quarantine exemption for Macau residents has been extended to all Guangdong, there’s still no news on the return of individual visas.
07/26/20 Galaxy Ent to pay no bonuses this year The company will extend its unpaid licence scheme and has suspended contributions to employees’ pension funds.
07/26/20 Macau Polytechnic Institute releases study on gaming fatigue The institute found people tend to gain an objective view and understanding of gaming behaviour after novelty passes.
07/24/20 HK extends quarantine until September Citizens from Macau and mainland China will still be required to quarantine on entering HK even if they have negative Covid-19 test results.
07/23/20 US$1 billion loss for Macau casinos in Q2 Bloomberg analysts expect negative EBITDA for Macau’s six largest casino operators for the period between April and June.
07/22/20 China: travel will return to growth by 2022 Analysts expect the Chinese tourists’ appetite for overseas travel to recover beyond 2019 figures within two years.
07/22/20 Macau EBITDA “should break even in Q3” Morgan Stanley has lowered the expectations for GGR recovery this year but believes casinos should break even in Q3.
07/21/20 Macau daily visitors down 99.3% in June Visitor numbers remain low but are a significant improvement from May’s arrivals. Visit length also increased.
07/21/20 DICJ to conduct stricter inspections in casinos Inspections will coninue and meetings with the six largest casino operators in Macau are being held to evaluate Covid-19 measures.
07/19/20 Lawrence Ho acquires US$60M of Studio City notes The chairman and CEO of Melco Resorts & Entertainment Limited, majority owner of Studio City, bought US$60 million of new senior notes.
