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January 19, 2021
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MACAU
The event will return to the Venetian Macao
G2E Asia 2021 moves to August
Macau | 15/01/2021
The firm may be more willing to sell ahead of Macau gaming license expiration in 2022
Sands China's stake sales could be boosted after Sheldon Adelson's death
Industry executives say having a Chinese partner would improve Sands China’s chance of a new concession with the removal of founder Adelson’s link to US President Donald Trump. Suitors may take advantage of his absence to buy a degree of ...
Macau | 13/01/2021 |
Due to a "weaker VIP" sector
Macau: Morgan Stanley lowers projected GGR tally by 10 percent
The international investment bank's adjusted gross gaming revenue (GGR) is around 65% of the full-year aggregate of MOP292.5 billion recorded in 2019. The international investment bank cut its projected tally by around 10% to nearly USD23.7 billion.
Macau | 11/01/2021 |
MGM Resorts replied that it "remains committed to Macau"
Asian investor urges MGM to sell 20% of its Macau business to a Chinese partner
Snow Lake, which beneficially owns 7.5% of the outstanding shares, sent a letter to MGM's Board of Directors on Wednesday with the request. The moves comes ahead of the casino concessions renewal next year.
Macau | 07/01/2021 |
Full-year revenue dropped by 79%
Macau casino revenue sees worst year on record, rebound expected in 2021
Gross gaming revenue fell 66% to nearly USD 979 million in December year-over-year. Though Macau has not seen coronavirus cases in the past six months, the government recently tightened border restrictions because of a new strain of coronavirus ...
Macau | 05/01/2021 |
According to investment bank Morgan Stanley
Macau govt. likely to extend casino concessions to 2025
Although it was previously announced the government was planning to hold open bidding for gaming licenses in June 2022, the bidding might be pushed back due to challenges presented by COVID-19.
Macau | 16/12/2020 |
The Macau Gaming Inspection and Coordination Bureau denied the possibility
Macau casino operators reportedly approached by regulator on digital yuan introduction
Bloomberg reported that the city’s regulators are considering the possibilities of buying casino chips with China’s central bank-backed cryptocurrency instead of the Hong Kong dollars. Casino operators have recorded losses in reaction to the ...
Macau | 07/12/2020 |
Gambling revenue amounted to 6.75 billion patacas ($845.34 million)
Macau: gambling revenue sees 70.5 percent fall in November Y-o-Y
The decline was not as severe as in recent months —revenue plunged 72.5 percent in October and 90 percent in September—, as the world's biggest casino hub saw a pickup in visitors from its key market - mainland China.
Macau | 02/12/2020 |
As mainland tourists complain about redundant COVID-19 test required for casino entry
Macau records average of 20,600+ tourists per day in November
In the first week of November, the local hotel occupancy rate reached 45 percent, a slight improvement when compared to October. Currently, all travelers from China are required to hold a negative virus test certificate before coming to Macau. ...
Macau | 23/11/2020 |
To assist the local gaming sector in recovering from the pandemic's impact
Macau authorities assess whether to allow online gaming
The Director of the Gaming Inspection and Coordination Bureau (DICJ) pointed out that online and proxy gaming, which is currently prohibited in the SAR, could indeed increase gaming revenues but could also increase money laundering or increase ...
Macau | 13/11/2020 |
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