GGRAsia – Macau

Macau

Macau VIP GGR up 20pct sequentially in 1Q: govt

Apr 16, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau’s VIP gross gaming revenue (GGR) in the first quarter of 2021 reached nearly MOP9.13 billion (US$1.14 billion), up 19.7 percent sequentially, according to data released on Friday by the...

Labour Day hols hotels to be 40-50pct full: Macau govt

Apr 16, 2021 Newsdesk Latest News, Macau, Top of the deck

Average nightly occupancy for Macau hotels, including properties in casino resorts (pictured), during the upcoming Labour Day holiday in May could be “40 percent to 50 percent”, based on bookings...

Macau may tie GBA backing to gaming tender: law experts

Apr 16, 2021 Newsdesk Latest News, Macau, Top of the deck

The Macau government might seek forms of in-kind benefit other than licence fees and taxation from casino companies that wish to take part in a new public tender process associated with the 2022...

Macau 2021 GGR could be half of pre- Covid-19 levels: Fitch

Apr 15, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau’s economy is projected to “rebound by 53 percent” this year, assuming a recovery in gross gaming revenue (GGR) “to about half” of pre- Covid-19 levels, said Fitch...

Macau 1Q gaming tax take US$1.15 bln, down 50pct

Apr 15, 2021 Newsdesk Latest News, Macau, Top of the deck

The Macau government collected just above MOP9.17 billion (US$1.15 billion) in tax revenue from the city’s gaming industry for the first three months of 2021. That figure was down 50.4 percent...

Sands China says no links to online gaming site

Apr 15, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau-based casino operator Sands China Ltd has issued a statement on Wednesday distancing itself from a website offering “online gaming” that it says is exploiting the company’s brands. The...

Macau subsidised staycation for locals covers casino resorts

Apr 14, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau residents can, starting from April 15 (Thursday), sign up at any of 161 accredited travel agencies in the city, in order to book a government-subsidised “staycation” at any of more than 70...

Macau 1Q VIP GGR bad at 20pct pre pandemic: JP Morgan

Apr 14, 2021 Newsdesk Latest News, Macau, Top of the deck

VIP gross gaming revenue (GGR) in the Macau market was “bad” in the first quarter, “hovering at circa 20 percent of pre- Covid-19 levels,” said a Wednesday note from JP Morgan Securities...

Macau seeks mutual vaccine recognition with Guangdong: CE

Apr 13, 2021 Newsdesk Latest News, Macau, Top of the deck

The Macau government is discussing with mainland China’s central authorities the possibility to trial a plan for a “mutual recognition” system of Covid-19 vaccination between Macau and its...

Galaxy Cinemas brand update as UA Cinemas exits trading

Apr 13, 2021 Newsdesk Latest News, Macau, Top of the deck

The multiscreen cinema at the Galaxy Macau casino resort has changed branding to “Galaxy Cinemas” from its previous name “UA Galaxy Cinemas”, coinciding with UA Cinemas – a Hong...