Wynn Resorts pledges to play part in attracting foreign bettors in reformed sector

Casino operator Wynn Resorts has pledged to boost the concerted effort to diversify the city’s market, according to an approved landmark casino bill that also

MGM China revenue plunges in 2H, puts focus on sports and entertainment in bid

MGM China’s operations were affected by travel restrictions in the region due to the Covid-19 outbreaks that occurred in Macau and neighboring regions. Public health

SJM Holdings announces rights issue, term loan with STDM

SJM Holdings Limited has come to an agreement with its controlling shareholder, Sociedade de Turismo e Diversões de Macau, S.A. (STDM) for an unsecured term loan of HKD2

Melco Resorts weighs Macau move to evade US delisting

Melco Resorts & Entertainment is reportedly considering relocating its headquarters to Macau following reports that the U.S. is set to delist about 200 Chinese and Hong

SJM 2H22 loss doubles y-o-y

In the first half of 2022, SJM Holdings, parent company of casino operator SJM Resorts, S.A. (SJM), recorded a loss of HKD1,176 million in adjusted EDITDA,

Embattled casino sector suffers worst GGR in decades in July

The casino sector has suffered its worst month as gaming revenues tumbled 95% year-on-year in July due to the largest flare-up in Covid-19 cases the city

New era requires different leadership

The president of the new Commission for Gaming Licenses Tender and Secretary for Administration and Justice, André Cheong, said that Macau is to enter a

New concessions tender starts today

Today the international public tender for the issuing of the new licenses to operate casinos in Macau has officially started and will take place until September

Public tender gaming commission created

The Chief Executive (CE) Ho Iat Seng formally created yesterday the commission that is to be in charge of the public tender for the attribution

Consultant: Either Covid or zero-Covid policy must go away before casinos rebound

For Macau to bounce back to pre-Covid-19 pandemic levels and experience pent-up demand similar to Las Vegas when it reopened, it’s “either Covid goes away or zero-Covid

Chinese analyst pessimistic about Macau’s July GGR

An analyst from a Chinese securities agency in Hong Kong has forecast that Macau’s July gross gaming revenue (GGR) will plunge to MOP100 million at

July to record the worst-ever GGR, August unpredictable

Several entities and experts have labelled this month as potentially the worst month on record for gross gaming revenue (GGR).  The closure of

Macau poised for unprecedented rebound post-pandemic: Casino giants

Casino giants are expecting Macau to record an unprecedented market rebound once Covid-19 restrictions are lifted. In an interview with American business media CNBC,

Sands China takes out USD1b loan from parent company amid turmoil

Sands China has entered into a loan agreement with its parent company, Las Vegas Sands (LVS), totaling USD1 billion and repayable on July 11, 2028.

Gaming shares plunge amid casino closures

As casinos closed for the first time in two years yesterday to curb the spread of infection, gaming operators saw their stocks plunge by up

S&P Global is pessimistic about city’s 2022 GGR

International economic rating institution S&P Global Ratings expects that Macau’s 2022 end gross gambling revenue (GGR) will at most reach USD10.08 billion, several media report.

Experts: Tender process and new awardees expected even before year-end

The gaming tender regulations released earlier this week hint that the awarding of new concessionaires will complete before the current gaming licenses expire on December

Linda Chen to helm Wynn Macau in 2023 as Ian Coughlan exits

Wynn Macau Ltd has announced Linda Chen, current vice chairman and chief operating officer of Wynn Macau, as president of the company from March 2023, in a

CSR proposals, attracting non-Chinese bettors key in bidding process

In a recent set of executive regulations, the government has updated the stipulations regarding the bidding process for casino licenses in Macau. The set of

Negative EBITDA expected for casino operators facing mayhem

The current Covid-19 outbreak against which the city is waging war is set to lead to a negative EBITDA for casino operators in the second

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