GGRAsia – Macau

Early CNY GGR in Macau dismal as expected: JP Morgan

Feb 17, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau’s casino gross gaming revenue (GGR) for the first 15 days of February was a case of “so far, so bad, as expected”, with visitor numbers “dismal”, said a Tuesday note from JP Morgan...

Macau CNY visitor traffic down 72pct in first 5 days

Feb 17, 2021 Newsdesk Latest News, Macau, Top of the deck

The average number of visitor arrivals to Macau on the first five days of the Chinese New Year break stood about 12,600 a day, according to official data. The latest figures put the number of visitor...

Court turns down Sci Games appeal on tech patent

Feb 11, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau’s Court of Final Appeal has rejected an appeal brought by a unit of casino equipment maker and games provider Scientific Games Corp, concerning a patent application for some electronic...

China travel advisories likely short lived: MGM China COO

Feb 11, 2021 Newsdesk Japan, Latest News, Macau, Top of the deck

There was “reason to be optimistic” about the first-quarter outlook for the Macau gaming market, said on Wednesday Hubert Wang, president and chief operating officer (COO) of MGM China Holdings...

MGM China 4Q EBITDA positive, rev up 550pct sequentially

Feb 11, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator MGM China Holdings Ltd reported adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA) of HKD367.2 million (US$47.4 million) for...

10mln visitors possible in 2021: Macau tourism boss

Feb 10, 2021 Newsdesk Latest News, Macau, Top of the deck

Macau’s tourism boss says the city might welcome “6 million to 10 million” visitors for 2021. The forecast, at a Wednesday media briefing, was based on the idea of gradual improvement to...

Macau mass play may speed from May 1 hols says JP Morgan

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

The pace of recovery for Macau mass-market casino gambling could “step up meaningfully” from the Labour Day break in May, followed with a sequential improvement over the subsequent quarters...

Wynn Resorts ups share offer, to raise at least US$748mln

Feb 09, 2021 Newsdesk Latest News, Macau, Top of the deck, World

Wynn Resorts Ltd has upped by 18.2 percent the number of common-stock shares it intends to offer to the public on an underwritten basis, and by the same percentage the number of additional shares it...

Macau February GGR soft ahead of CNY: analysts

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

Macau casino gross gaming revenue (GGR) declined during the first week of February compared to the January levels, suggested brokerage Sanford C. Bernstein Ltd in a Monday note. That was because...

Londoner Macao to bring fresh custom: Sands China boss

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

The Londoner Macao – a revamped and rebranded Cotai casino property that had its first-phase launch on Monday, just ahead of Chinese New Year – is designed to bring new customers to the...