GGRAsia – Macau

Macau no plan to allow casinos to pause ops: Secretary

Apr 02, 2020 Newsdesk Latest News, Macau, Top of the deck

A Macau government official with oversight of the city’s casino sector said on Thursday that the authorities did not plan to change the rules that require such gaming venues to stay open...

Macau April GGR might be close to zero: JP Morgan

Apr 02, 2020 Newsdesk Latest News, Macau, Top of the deck

While Macau’s casino gross gaming revenue (GGR) in March saw an 80 percent contraction year-on-year according to figures released on Wednesday, things might get even worse in April, says note...

Macau GGR down 80pct y-on-y in March: govt

Apr 01, 2020 Newsdesk Latest News, Macau, Top of the deck

Macau casino gross gaming revenue (GGR) declined by 79.7 percent in March in year-on-year terms, but rose sharply judged month-on-month with February, when the city’s casinos were closed for...

Covid-19 might lead resort tenants to fail to pay rent: Melco

Apr 01, 2020 Newsdesk Latest News, Macau, Philippines, Top of the deck

Hong Kong-listed Melco International Development Ltd says one risk associated with the ongoing Covid-19 outbreak is casino resort tenants failing to fulfil their respective rent payments. The warning...

Asia Pioneer looks to consulting, leasing and SE Asia

Mar 31, 2020 Newsdesk Industry Talk, Latest News, Macau

Hong Kong-listed Asia Pioneer Entertainment Holdings Ltd said it expects its revenue this year from sales of electronic gaming equipment to be negatively affected – in common with the wider...

Macau casinos open for social, not biz reasons: consultant

Mar 31, 2020 Newsdesk Latest News, Macau, Top of the deck

An industry consultant has suggested to GGRAsia that the reasoning for keeping Macau’s casinos open amid the ongoing Covid-19 crisis is now “social” rather than commercial. The local casino and...

Junket Suncity cuts senior exec pay as battles downturn

Mar 31, 2020 Newsdesk Latest News, Macau, Top of the deck

Leading Macau junket business Suncity Group has confirmed to GGRAsia that its senior managers are to have their pay cut as the brand addresses the financial impact of the novel coronavirus emergency...

Ponte 16 investor Success Universe profit up 36pct in 2019

Mar 31, 2020 Newsdesk Latest News, Macau, Top of the deck

Success Universe Group Ltd, a Hong Kong-listed investor in the Ponte 16 casino resort (pictured) at Macau’s Inner Harbour district, said its 2019 profit rose 36.2 percent on revenue that went up...

Wynn Macau Ltd avoids dividend amid Covid-19 crisis

Mar 31, 2020 Newsdesk Latest News, Macau, Top of the deck

The board of Macau casino operator Wynn Macau Ltd says it has not recommended a final dividend for calendar year 2019. The announcement was made in its 2019 annual report, filed after Hong Kong...

Battered Macau junkets need China visas back: trade rep

Mar 30, 2020 Newsdesk Latest News, Macau, Top of the deck

Macau urgently needs to see the resumption of mainland China exit visas for trips to the casino hub, for people in parts of the country presenting “relatively lower” risk of further spreading...