07/17/20 Macau mass and VIP business down by 95% Both mass and VIP gaming revenues plummeted by more than 95% year-on-year in the second quarter because of Covid-19 restrictions.
07/17/20 Wynn Macau burning over US$2 million a day In spite losing money over the last two months due to travel restrictions, the company says it has not reduced staff.
07/15/20 Analysts bet on Macau’s fast recovery Analysts believe gross gaming revenue could recover to 25 per cent of pre-pandemic levels in the short term.
07/14/20 Casino shares jump on Macau travel quarantine exemption As of tomorrow people travelling from Macau to nine cities in China’s Guangdong province will no longer have to quarantine.
07/12/20 APE to host first sporting event in Macau as early as 2021 APE’s CEO has said the date for its first sporting event will depend on ongoing negotiations with potential partners and the Covid-19 pandemic.
07/12/20 Hong Kong-Macau health code delayed Hong Kong’s chief executive has said government officials need more time to evaluate the system given the recent spike in Covid-19 cases.
07/10/20 Special Macau-HK ferry to end service July 16 About 1,267 people have returned to the city on the special transport service while 670 left for Hong Kong.
07/10/20 Studio City’s expansion likely to be delayed further The project was originally scheduled to complete in July 2019 and had already been extended to May 2022.
07/08/20 Macau ADR improves in first week of July The consultancy firm Bernstein says average daily revenue has improved compared to June.
07/07/20 APE expands on plans to enter sports business APE’s plans include partnering with the Macau government to promote large events and create sports bars in association with hotels.
07/03/20 Macau-HK border negotiations ongoing Macau says Hong Kong’s extension of 14-day quarantine measures until August 7 has not stopped negotiations.
07/03/20 Genting’s IR at Nam Van Lake progresses The capping of the main building has been completed and electromechanical installation work will now begin.
07/02/20 SJM to pay living subsidy for staff The bonus equals either one-and-a-half or two months’ salary paid in two equal instalments.
07/02/20 Macau sees worst GGR results yet In June the city saw a 97 per cent year-on-year drop in gross gaming revenues.
07/02/20 Kingston sees 16% drop in gaming revenue The operator of two hotels and casinos in Macau has reported a 13 per cent fall in overall revenue and 16% fall in gaming revenue.
