GGRAsia – Macau

Macau

Most Cotai casino luxury hotels see strong CNY bookings

Jan 17, 2020 Newsdesk Latest News, Macau, Top of the deck

Most of Macau’s luxury hotels in Cotai casino resorts were as of Friday already fully booked for at least four nights of the upcoming, week-long, Chinese New Year (CNY) holiday period. The...

Sands China declares US$0.13 interim dividend

Jan 17, 2020 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator Sands China Ltd announced on Friday an interim dividend of HKD0.99 (US$0.13) per share. The firm said it expects to pay the dividend on February 21 to shareholders whose names...

VIP share slips 23pct in 4Q, mass up 8pct: Macau govt

Jan 16, 2020 Newsdesk Latest News, Macau, Top of the deck

VIP baccarat’s share of Macau casino gross gaming revenue (GGR) fell year-on-year in the fourth quarter of 2019, according to data from the city’s casino regulator, the Gaming Inspection and...

Things can only get better in 2020 for Macau: JP Morgan

Jan 16, 2020 Newsdesk Latest News, Macau, Top of the deck

It is unlikely that trading conditions in 2020 for the Macau casino market can get any worse than those of 2019, said a Thursday report from JP Morgan Securities (Asia Pacific Ltd). “We have a...

Melco Resorts to pay bonus to non-management staff

Jan 15, 2020 Newsdesk Latest News, Macau, Top of the deck

Casino developer and operator Melco Resorts and Entertainment Ltd announced on Wednesday a bonus for its eligible non-management employees in the Macau market. The company said a “one-month...

Macau could see visitor tally decline in 2020: MGTO

Jan 15, 2020 Newsdesk Latest News, Macau, Top of the deck

Macau could see the first year-on-year decline in the visitor arrival tally in “years” during 2020; partly due to instability in what was termed the external economic environment, said...

Macau tourist price index down 0.22pct in 4Q

Jan 15, 2020 Newsdesk Latest News, Macau, Top of the deck

Macao’s tourist price index fell by 0.22 percent year-on-year in the fourth quarter of 2019, according to the latest data released on Tuesday by the city’s Statistics and Census Service. The...

Studio City VIP operations extended to Jan 2021: filing

Jan 15, 2020 Newsdesk Latest News, Macau, Top of the deck

The Studio City casino resort (pictured) in Macau’s Cotai district will continue “VIP rolling chip operations” until January 2021, the parent company, Hong Kong-listed Melco International...

Macau revamps, SJM Cotai foray key for 2020: Jefferies

Jan 14, 2020 Newsdesk Latest News, Macau, Top of the deck

Macau resort “product” would be a positive catalyst for the sector in 2020, including the expected opening of the HKD39-billion (US$5-billion) Grand Lisboa Palace (pictured) from SJM Holdings Ltd...

Macau January GGR strong so far: analysts

Jan 14, 2020 Newsdesk Latest News, Macau, Top of the deck

Macau’s casino gross gaming revenue (GGR) for the first 12 days of January was estimated at circa MOP10.3 billion (US$1.29 billion), suggested JP Morgan Securities (Asia Pacific) Ltd in a Monday...