FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,
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 has entered into a loan agreement with its parent company, Las Vegas Sands (LVS), totaling USD1 billion and repayable on July 11, 2028.
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
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.
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
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
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
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
The rules that will regulate the new public tender for the future gaming concessions are likely to be published this month, TDM Radio reported yesterday.
Macau's gaming revenues have fallen to a new low - since September 2020 - as the city faces its largest outbreak yet, after recording low
Gaming operator SJM Resorts SA is set to deliver another bonus for its employees as part of the casino industry’s customary annual stipend. Dubbed as
Macau's casino stocks saw a plunge yesterday after the government’s announcement of a new wave of Covid-19 cases dealt a fresh blow to the crippled gaming sector.
Fitch Ratings has expressed reduced confidence in Macau’s economic recovery as the city’s zero-Covid strategy “continues to constrain the cash-flow generation ability of Macau’s operators.”
As Galaxy Entertainment Group (GEG) abruptly closed a pair of satellite casinos yesterday midnight, reports about SJM Resorts, S.A’s attempt to extend Grand Emperor Casino have
Macau's gaming industry is still suffering from a slump in revenues, registering a 68% year-on-year drop in its May income as casinos burn millions of dollars of cash
Daisy Ho, chairperson of SJM Resorts, S.A. (SJM), yesterday expressed her confidence in seeking funds for the enterprise. Her comment was made on the sidelines
The United States Department of Justice’s (DOJ) move to sue longtime Las Vegas casino mogul Steve Wynn to compel him to register as a foreign
The department said it had advised Wynn repeatedly over the last four years to register under the Foreign Agents Registration Act, or FARA, and is suing now because Wynn refused
China's National Immigration Administration has recently reconfirmed strict Covid-19 border policy and restrictions on non-essential travel, a move that could further hamper arrivals, particularly of bettors, into
SJM Holdings Ltd. shares rose to as much as 9.7% yesterday following the government reversing its decision on the gaming law amendment that all casinos would mandatorily
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