GGRAsia – Macau

Macau-Hengqin visa combo can aid tourism: trade rep

Mar 13, 2023 Newsdesk Latest News, Macau, Top of the deck

Macau’s appeal to international visitors could be enhanced if there were a special visa system that permitted them entry not only to Macau but also to the neighbouring mainland China district of...

Fitch ups China 2023 GDP forecast, leisure demand a factor

Mar 13, 2023 Newsdesk Latest News, Macau, Top of the deck

Credit agency Fitch Ratings Inc has raised the forecast for China’s gross domestic product (GDP) growth this year to 5.2 percent, from a 4.1-percent estimate in December. China discontinued most...

SJM to see rest of GLP rooms, tables launch 2Q: brokerages

Mar 10, 2023 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator SJM Holdings Ltd plans to launch the remainder of the hotel-room inventory at its Grand Lisboa Palace (GLP) resort, along with further gaming tables, within the next quarter,...

Four Macau ops share gainers in 4Q, Sands leader: DB

Mar 09, 2023 Newsdesk Latest News, Macau, Top of the deck

Four Macau casino operators were market-share gainers to competitors from the third- to the fourth-quarter results, in terms of gross gaming revenue (GGR), according to a Wednesday memo from Deutsche...

Visa aid can let Macau, Hengqin co-host events: Melco CEO

Mar 09, 2023 Newsdesk Latest News, Macau, Top of the deck

Macau should explore ways of enabling a greater number of events to be hosted jointly by the city and the neighbouring mainland China location, Hengqin island, says Lawrence Ho Yau Lung (pictured in...

Melco Resorts to buy 40mln of its shares from parent

Mar 09, 2023 Newsdesk Latest News, Macau, Top of the deck

Casino operator Melco Resorts & Entertainment Ltd said in a Wednesday press release that it will repurchase just above 40.37 million of its shares from its parent company, Melco International...

Verdict in Levo Chan case set for April 21: Macau court

Mar 08, 2023 Newsdesk Latest News, Macau, Top of the deck

The verdict – and eventual sentencing – in the case involving Levo Chan Weng Lin (pictured in a file photo) and other defendants linked to the now-defunct Macau junket operator Tak Chun Group...

SJM EBITDA loss of US$394mln in 2022, revenue down 34pct

Mar 08, 2023 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator SJM Holdings Ltd reported negative adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) of nearly HKD3.10 billion (US$394.3 million) for full-year...

Macau ops to submit 2023 invest plans to govt this month

Mar 07, 2023 Newsdesk Latest News, Macau, Top of the deck

All six Macau casino concessionaires are set to submit this month to the Macau government for its approval, their respective investment plans for calendar year 2023. The plans come under a commitment...

SJM 2022 impairment little impact on cash flow: brokerage

Mar 07, 2023 Newsdesk Latest News, Macau, Top of the deck

The announcement by Macau casino operator SJM Holdings Ltd of an impairment charge of nearly HKD1.21 billion (US$153.5 million) for full-year 2022 had “little-to-zero impact” on the company’s...