GGRAsia – Macau

Macau

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...

Macau casino 1Q EBITDA softer sequentially: MS

Apr 12, 2021 Newsdesk Latest News, Macau, Top of the deck

Banking group Morgan Stanley expects Macau casino industry earnings before interest, taxation, depreciation and amortisation (EBITDA) to have fallen sequentially in the first quarter, despite an...

Lawrence Ho awarded US$10mln in Melco Resorts shares

Apr 09, 2021 Newsdesk Latest News, Macau, Top of the deck

Lawrence Ho Yau Lung (pictured), chairman and chief executive of Macau casino operator Melco Resorts and Entertainment Ltd, has been awarded American depositary shares with a market value of US$10...

Macau, mainland bust gambler-targeted money scam ring

Apr 08, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau’s Judiciary Police announced on Thursday that they had broken up a scam ring allegedly specialising in the use of ‘bank-teller training notes’ (pictured) in order to cheat gamblers in...

Moody’s expects MGM, Wynn to pursue large IR development

Apr 08, 2021 Newsdesk Latest News, Macau, Top of the deck, World

Moody’s Investors Service Inc says it expects casino operators MGM Resorts International and Wynn Resorts Ltd to pursue new “large, high profile” development opportunities “around the...

Melco Intl US$2mln in share options to directors, others

Apr 08, 2021 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck

Casino investor Melco International Development Ltd has granted share options to directors and “certain employees” of the company that are worth in aggregate about HKD16.4 million (US$2.1...

Macau daily visit volume down 17pct m-o-m for April 2 to 6

Apr 08, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau received nearly 100,000 visitors during the Easter and Ching Ming Festival holidays, according to the Macao Government Tourism Office. Mainland China – the only place currently to have a...