GGRAsia – Macau

Grand Lisboa Palace opens at noon, all new tables mass play

Jul 30, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator SJM Holdings Ltd is opening its Grand Lisboa Palace resort today (July 30) at 12 noon, the firm said in a press release. The property will be launched in phases: the first...

Macau sets 48-hour Covid test rule for mainland air arrivals

Jul 29, 2021 Newsdesk Latest News, Macau, Top of the deck

With effect from the stroke of midnight on Saturday (July 31), people intending to enter Macau on a direct flight from mainland China must hold a nucleic acid test certificate issued within 48 hours...

Average Macau hotel occupancy rate at 50pct in 1H

Jul 29, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau’s average hotel occupancy rate reached 50.4 percent in the first six months of 2021, up by 23.2 percentage points when compared to the prior-year period, stated the city’s Statistics and...

China tighter grip less relevant to Macau gaming: analysts

Jul 29, 2021 Newsdesk Latest News, Macau, Top of the deck

Brokerage Morgan Stanley Asia Ltd says recent increased regulatory oversight by Chinese authorities regarding a number of sectors is “less relevant” to the gaming industry, including the Macau...

SJM cuts base fee for food court op at Grand Lisboa Palace

Jul 29, 2021 Newsdesk Latest News, Macau, Top of the deck

SJM Resorts Ltd, the casino operating unit of SJM Holdings Ltd, has agreed to cut the minimum payable fee regarding a three-year deal to lease a food court at the group’s Grand Lisboa Palace...

SJM aims Grand Lisboa Palace partial open July 30: chairman

Jul 28, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator SJM Holdings Ltd is “striving” to have a partial opening of its HKD39-billion (US$5-billion) Grand Lisboa Palace casino resort (pictured) on Friday, July 30, said on...

Gaming supplier APE expects narrower 1H loss before tax

Jul 28, 2021 Newsdesk Industry Talk, Latest News, Macau

Hong Kong-listed Asia Pioneer Entertainment Holdings Ltd (APE) told the city’s bourse on Tuesday that it expects to record a loss before income tax of approximately HKD9.4 million (US$1.2...

Altira Macau repositioned as premium mass: Lawrence Ho

Jul 28, 2021 Newsdesk Latest News, Macau, Top of the deck

International casino operator Melco Resorts and Entertainment Ltd is repositioning operations at its Altira Macau casino hotel (pictured in a file photo) to focus on serving premium mass customers....

Melco Resorts 2Q loss narrows 20pct q-o-q as mass soars

Jul 28, 2021 Newsdesk Latest News, Macau, Philippines, Top of the deck

Casino operator Melco Resorts and Entertainment Ltd posted a net loss of US$185.7 million for the three months to June 30, down by 20.3 percent from the first quarter of 2021. It was also an...

Studio City Finance lists US$1bln in bonds on Macau bourse

Jul 27, 2021 Newsdesk Latest News, Macau, Top of the deck

Studio City International Holdings Ltd, promoter of the Studio City casino resort in Macau, has announced the listing of US$1.1-billion in fixed-rate, 5.000-percent bonds due in 2029,...