FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,
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
The government has decided to abandon the idea to promote major changes to the new gaming law concerning the gaming concessionaires’ ownership, the amended version of the
The government has amended the contentious rule that aimed to establish that all casinos would mandatorily be located in venues owned by the concessionaires. The amendment was
Casino stocks in the U.S. trading market rallied on Friday following the SAR government’s announcement that it is considering lowering the gross gaming revenue (GGR) taxes
Galaxy Entertainment Group’s (GEG) adjusted EBITDA in the first quarter was HKD575 million, down 33% year-on-year and down 45% from the previous quarter, according to an
MGM China continues to face headwinds in the short term, with public health policies impacting customers’ ability to enter Macau, according to MGM Resorts’ CEO and president
Members of the Second Standing Committee of parliament have questioned the authority governing junket contracts being divided between two different officials, committee president Chan Chak Mo
The city’s gross gaming revenue has likely reached MOP2.1 billion from April 1 to 24, mainly due to the further relaxation of the nucleic acid test (NAT) validity,
The recovery of the gaming sector is likely to be further delayed even after the May 1 Labor Day, due to increased border controls and new
The city’s gaming sector is expected to tumble this month as analysts forecast a 13% drop in gross gaming revenue (GGR) compared to March,
The Star Entertainment Group general counsel Andrew Power was quizzed on Monday about why the gaming operator has continued dealing with junket operator Suncity after
Australian casino The Star is continuing its partnership with the troubled Suncity despite a 2019 Hong Kong report that Alvin Chau had “very unsavory business associations”
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