05/29/20 Macau occupancy hits all time low in April According to data revealed by Macau’s Statistics and Census Service, rates hit just 12.9 per cent during the month.
05/29/20 MGM China confirms final dividend Shareholders have approved the payment of a final dividend of HKD0.083 per share (US$0.01).
05/28/20 MGM China secures US$301m revolving credit facility Funds will be used for working capital needs and general corporate purposes.
05/27/20 Stanley Ho’s death will not impact SJM Bernstein analysts noted Ho had effectively removed himself from SJM as early as 2009 after suffering a head injury and a series of brain surgeries.
05/27/20 Macau looks to diversify as a convention city SAR wants to become a major player on the convention scene as part of efforts to offset Covid-19 damage to its gaming industry.
05/27/20 Suncity to cover shareholder losses Casino operator Suncity Group will also pay employee salaries through to the end of the year following the Covid-19 pandemic.
05/26/20 Macau daily GGR down last week, say analysts The average daily rate was estimated to be approximately MOP25million (US$3.1million) reflecting a 103 percent decrease year-on-year.
05/26/20 Casino operator MGM picks up several HR awards Casino operator has been recognised regionally and globally for its human resources and talent development efforts.
05/26/20 King of Gambling Stanley Ho dies age 98 Founder of SJM Holding and the man attributed with helping to turn Macau into a gambling destination has passed away.
05/25/20 Macau urges China to reopen borders Delegation of Macau lawmakers set to request the reopening of borders at the National People’s Congress.
05/22/20 Macau spent US$7.5m on hotels due to pandemic Macau spent US$7.5 million in hotels designated for hosting people who had to undergo a 14-day quarantine during pandemic.
05/22/20 Non-payment causes APE to cancel lease agreements APE said it will write off an estimated HK$26million (US$3.4million) as a result of not being paid by two firms.
05/22/20 Melco, Wynn and Galaxy to lead post Covid-19 recovery Sandford C. Bernstein says the three companies have advantages over other operators due to their higher focus on premium mass and VIP players.
05/22/20 Macau Legend expansion postponed until August Macau Legend announced it expect to partially open a new gaming venue during the second half of the year, around mid August.
05/21/20 Macau: spending down 70% in 1Q20 Spending rates of Macau visitors declined by 70.4 per cent to MOP$5.01billion (US$628million) in the first quarter of the year.
