GGRAsia – Macau

Melco Resorts free cash flow positive in 2023: Lucror

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

Casino operator Melco Resorts and Entertainment Ltd should be able to generate “mildly positive free cash flow after interest and capital expenditure” in financial year 2023, says Leonard Law,...

Macau police spot checks for illicit bet-money changers

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

Macau’s Judiciary Police say they have worked with the respective security teams of several casinos on Macau pensinsula and the Cotai district to check for illicit currency exchange activities in...

SJM flags US$994mln 2022 loss on impairment charge

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

Macau casino operator SJM Holdings Ltd says it expects to record a loss attributable to its owners of approximately HKD7.80 billion (US$993.7 million) for full-year 2022, including an impairment...

4Q decline in Macau gaming workforce with few vacancies

Mar 06, 2023 Newsdesk Latest News, Macau, Top of the deck

The number of full-time workers in the Macau gaming sector declined to 52,174 as of the fourth quarter in 2022, down 4.9 percent year-on-year, with average earnings – excluding bonuses –...

Macau GGR recovery continuing solidly: JP Morgan

Mar 06, 2023 Newsdesk Latest News, Macau, Top of the deck

Brokerage JP Morgan Securities (Asia Pacific) Ltd says that – based on its own checks – it estimates casino gross gaming revenue (GGR) in Macau for the first five days of March at MOP1.8 billion...

Tickets for Blackpink shows in Macau sold out: Galaxy Ent

Mar 06, 2023 Newsdesk Latest News, Macau, Top of the deck

Macau-based casino operator Galaxy Entertainment Group Ltd said on Sunday that tickets for the two concerts by South Korean girl group Blackpink were “sold out”. The announcement was made...

Macau March flight tally to grow 10pct plus m-o-m: airport

Mar 06, 2023 Newsdesk Latest News, Macau, Top of the deck

The number of scheduled passenger flights planned for March connecting Macau to mainland China and elsewhere in Asia is due to increase by “over 10 percent” compared to February, the operator of...

Macau casino staff do not have public worker status: court

Mar 06, 2023 Newsdesk Latest News, Macau, Top of the deck

Macau’s Court of Final Appeal has issued a ruling stating that the city’s six casino concessionaires should not be labelled as “companies operating on an exclusive basis”. The decision sets a...

SJM extends Jai Alai building rental to end-2025

Mar 06, 2023 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator SJM Holdings Ltd has renewed until December 31, 2025 an agreement to lease the premises of the Jai Alai building (pictured) from Angela Leong On Kei. Jai Alai is a tourism...

Foreigner gaming zones open at MGM China casinos: sources

Mar 03, 2023 Newsdesk Latest News, Macau, Top of the deck

At least two gambling zones for foreigners are already in operation respectively at the MGM Macau casino hotel and the MGM Cotai casino resort, both properties run by MGM China Holdings Ltd, GGRAsia...