GGRAsia – Macau

Londoner Macao first phase launch Feb 8 says Sands China

Jan 21, 2021 Newsdesk Latest News, Macau, Top of the deck

The first phase of the newly-rebranded Macau casino resort the Londoner Macao is to be launched on February 8, the property’s promoter Sands China Ltd, announced on Thursday. The company said the...

Grand Lisboa Palace backer SJM taps circa US$1bln in notes

Jan 21, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator SJM Holdings Ltd said on Thursday that it expected to raise approximately US$991 million net, via an offering of two tranches of U.S.-dollar denominated senior notes, due...

Sands China sixth Macau op to pledge staff extra payment

Jan 21, 2021 Newsdesk Latest News, Macau, Top of the deck

Sands China Ltd said in a Thursday press release that it would give on February 8 a “discretionary allowance” to more than “26,000 eligible” workers. That meant all six licensed Macau casino...

Galaxy Ent fifth Macau op to flag extra payment for staff

Jan 21, 2021 Newsdesk Latest News, Macau, Top of the deck

Galaxy Entertainment Group Ltd became on Wednesday the fifth of Macau’s six casino operators to pledge some form of extra payment for the majority of its employees. The firm announced in a press...

Melco likely to take on more debt for expansion: Moody’s

Jan 20, 2021 Newsdesk Latest News, Macau, Top of the deck

Moody’s Investors Service Inc says it expects the ratio of adjusted debt to earnings before interest, taxation, depreciation and amortisation (EBITDA) of Macau casino operators Melco Resorts and...

Visitors stayed longer in Macau in 2020, says govt

Jan 20, 2021 Newsdesk Latest News, Macau, Top of the deck

The average length of stay of visitors to Macau went up by 0.2 of a day year-on-year to 1.4 days in full-year 2020, with that of overnight visitors (2.8 days) rising by 0.6 of a day, according to...

Face tech ATMs in mainland’s Zhuhai near Macau say reports

Jan 19, 2021 Newsdesk Latest News, Macau, Top of the deck

Bank automated teller machines (ATMs) with facial recognition technology have been installed since Monday in some places in the mainland China city of Zhuhai, next door to Macau, according to several...

Investors see 2H Macau gain, rebound 2022: Bernstein

Jan 19, 2021 Newsdesk Latest News, Macau, Top of the deck

Investors in Macau casino stocks are looking beyond the current phase of market comeback, preferring to be focused on a possible “recovery in second half 2021 and rebound in 2022 with respect to...

Wynn and Melco also flag bonus for Macau staff

Jan 19, 2021 Newsdesk Latest News, Macau, Top of the deck

A further two of Macau’s six casino operators announced on Monday extra payments for staff. Wynn Macau Ltd and Melco Resorts and Entertainment Ltd made public the news soon after MGM China Holdings...

Casino op MGM China to pay most staff discretionary bonus

Jan 18, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator MGM China Holdings Ltd announced on Monday that it was to pay a “discretionary bonus” to “eligible non-management” staff, adding that “over 90 percent” of its...