Author: Lynzy Valles, MDT
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Gov’t bans Hong Kong returnees from booking optional quarantine hotels
Returnees from Hong Kong will only be allowed to complete their quarantine period at the Treasure Hotel, which is specifically designed for medical observation for residents ... -
January arrivals plunge due to Covid-19 outbreaks in neighboring cities
Visitor arrivals stood at 694,430 in January, representing a decrease of 15.4% in arrivals month-on-month due to the tightening of border-control measures between Zhuhai and Macau. ... -
FMCC charity gala to support alcohol abuse awareness campaign
The France Macau Chamber of Commerce (FMCC) 2022 Charity Gala Dinner, to take place on March 25 at MGM Macau, will be themed “Around the World in ... -
Lawmaker to meet with UM over illegal currency exchange scam
Lawmaker José Pereira Coutinho is set to meet with the rector of the University of Macau, Yonghua Song, this week, to follow up on the case of the ... -
S&P downgrades credit rating on LVS, Sands China amid slow recovery
S &P Global Ratings has downgraded the issuer credit rating for Las Vegas Sands (LVS) and Sands China, due to a slower recovery unfolding for Macau’s ... -
Gaming | Wynn seeing pent-up demand ‘at all levels of business’
The only measure by which to judge the impact of the disappearance of junket operators is activity over the Chinese New Year holiday, during which Wynn ... -
Post CNY gaming revenue surge driven by strong visitation
Macau’s gross gambling revenue (GGR) post Lunar New Year has hit the highest daily revenue figure since the Golden Week holiday in May 2021, according to ... -
Gaming | Committee expresses concerns over casino operator executives’ dual nationality
The question of the backgrounds of managing directors of casino operators under the gaming law amendment was tabled yesterday by the Second Standing Committee. Led by ... -
Gaming | Moody’s downgrades SJM as concerns for financial management grow
Moody’s Investors Service has downgraded SJM Holdings Limited’s corporate family rating (CFR) to Ba2 from Ba1, reflecting the gaming operator’s delays in “its execution of its ... -
Transportation | Public bus budget at MOP970m in 2021
The budget for public bus transport services last year was around MOP970 million, a lower amount than that of 2020, according to the Transport Bureau (DSAT). ... -
Gaming MGM seeks to convert junket players to direct players amid sector’s turmoil
MGM China is set to focus on targeting the mass market, saying “it is where the future resides,” as the city’s junket sector faces a crackdown. ... -
Sports | Macao International 10K budgeted at MOP8 million
This year’s Macao International 10K will have a budget of MOP8 million, title sponsored by Sands China. As reported by the Times earlier this week and ... -
Gaming | Union calls for US investigation into Suncity’s relationship with gaming operators
Local 501, a U.S.-based union, is calling for a coordinated U.S. federal investigation into the gambling junket operator Suncity Group and its historical relationships with U.S. ... -
MIECF launches March 31 with online and in-person events
The 2022 Macao International Environmental Co-operation Forum & Exhibition (MIECF) will be held from March 31 to April 2 with the theme of “Commitment to Green ... -
Gaming | February GGR to rebound following Lunar New Year visitor arrivals
Analysts are expecting slightly higher gaming revenue for February following the increase in visitor numbers to the region during the Lunar New Year. Although the visitor ... -
Studio City cuts budget for Phase 2
Studio City International Holdings Ltd reduced the project budget of the remaining works at Studio City to approximately USD1.2 billion, the company said in a filing. ... -
Chinese New Year arrivals at over 113,000
Visitor arrivals for the seven-day long Chinese New Year holiday totaled to 113,699 tourists, far fewer than the average 20,000 daily tourist arrivals the government had ... -
Mobile payment transactions rise to 57m in Q4
The number of transactions carried out using local mobile payment tools grew by 5.4% from the previous quarter, to 56.9 million in the fourth quarter of ... -
LVS terminates agreement with three primary gaming promoters
Las Vegas Sands has confirmed that it has terminated its contracts with three gaming promoters as of December 2021. In its annual report, the parent company ... -
Gaming | January GGR drops 20.3% to MOP6.3b
The city’s casino gross gaming revenue (GGR) in January dropped 20.3% month-to-month to MOP6.34 billion, data from the Gaming Inspection and Coordination Bureau shows. Official data ... -
Gaming | Junket customers to ‘resurrect’ in different segments: LVS
The customers in the junket business will resurrect in different segments and find new ways of materializing in the casino, said Rob Goldstein, chairman and CEO ... -
29 junkets still awaiting license
29 gaming promoters are still awaiting their license after the Gaming Inspection and Coordination Bureau (DICJ) carried out the verification of 75 junket operators. This comes ... -
50% hotel occupancy rate in 2021
The average occupancy rate of hotel rooms was 50.0% for the whole year of 2021, up by 21.4 percentage points year-on-year, data from the Statistics and ... -
Number of gaming promoters down 50% following junket scandal
The number of gambling promoter licenses in the city has decreased nearly 50% in just one year in the aftermath of the arrest of Suncity Group ... -
Privatizing city’s orchestras leave musicians in limbo
The two orchestras in the city are currently in limbo as musicians await information on the future of the organizations following leaks that several staff have ... -
Economy Macau to fully recover only in 2025: IMF
The level of the SAR’s gross domestic product (GDP) is expected to surpass its precrisis level only in 2025, given the depth of the economic losses ... -
2021 visitor arrivals rise 30% to 7.7 million
Annual visitor arrivals rose by 30.7% year-on-year to 7,705,943 in 2021, a figure that remains far below pre-pandemic numbers, data from the Statistics and Census Service ... -
Gaming | SVA warns new law could deter investment amid heightened national security emphasis
The reduced timeframe of gaming concessionaires that was set at 10 years in the amended gaming law could deter investment – particularly in the second half ... -
Gaming | Casino profits in billions on first trading day after amendment announcement
Macau’s big six have gained a whopping HKD42.2 billion on their first day of trading this week, lifting the overall market value of the casino operators ... -
Law Amendment | Gaming operators demonstrate support
All eyes – particularly from the gaming sector – are on the gaming renewal concessions. With the announcement made, gaming operators in the city have each ... -
Gaming | Long-awaited amendment rolls out ‘over promised, under delivered’
A long-awaited decision by casino executives arrived “over promised and under delivered” on Friday, four months after it was announced that a gaming law amendment would be ... -
Casino stocks rise following revision announcement
Casino’s shares recorded a surge of up to nearly 17% on Friday after authorities announced amendments to the city’s gaming law. Reports and analysts had previously ... -
2021 Tourist Price Index contracts by nearly 5%
The economic fallout of the pandemic has caused the annual average (Tourist Price Index) for 2021 to decline by 4.71% year-on-year to 117.09, mainly due to ... -
Seven local establishments in Michelin Guide Bib Gourmand Selection
Seven local establishments have been included in the Bib Gourmand selection in the Michelin Guide Hong Kong-Macau 2022. This year’s selection highlights 64 eateries in Hong ... -
Gaming | JP Morgan: Covid-19 no longer affecting casino stocks
Brokerage JP Morgan has upgraded gaming operators Sands China, Wynn Macau and MGM’s risk/reward potential overweight, noting that the ongoing Covid-19 crisis is for the most ...
