GGRAsia – Macau

Macau ups entry limits for China, HK, Taiwan visitors

Mar 24, 2020 Newsdesk Latest News, Macau, Top of the deck

Macau’s Chief Executive, Ho Iat Seng (pictured), announced on Tuesday a ban on entry to the city – from Wednesday and for an unspecified duration – for any would-be visitor from either...

Jefferies ups Macau 2020 GGR dip forecast to 45pct

Mar 24, 2020 Newsdesk Latest News, Macau, Top of the deck

The brokerage arm of Jefferies Group LLC says it has upped its 2020 forecast for contraction in Macau casino gross gaming revenue (GGR) by 29 percentage points, “to reflect global economic slowdown...

Hornbuckle acting CEO MGM Resorts as Murren departs

Mar 23, 2020 Newsdesk Latest News, Macau, Top of the deck, World

United States-based casino operator MGM Resorts International on Sunday said Bill Hornbuckle (pictured in a file photo), the firm’s chief operating officer and president, was taking over from...

Pandemic blamed as Macau visitor tally plunges 96pct in Feb

Mar 20, 2020 Newsdesk Latest News, Macau, Top of the deck

The tally of visitor arrivals to Macau in February 2020 “plunged” by 95.6 percent year-on-year to 156,394, said on Friday the city’s Statistics and Census Service. The dramatic decline was...

Macau govt halves casino GGR forecast for 2020

Mar 19, 2020 Newsdesk Latest News, Macau, Top of the deck

The Macau government has halved its forecast for the city’s casino gross gaming revenue (GGR) in full-year 2020, due to the negative impact of the Covid-19 pandemic on the local economy, in...

Casino Macau Jockey Club can stay shut past Fri deadline

Mar 19, 2020 Newsdesk Latest News, Macau, Top of the deck

Casino Macau Jockey Club (pictured in a file photo) – inside the Macau Roosevelt Hotel – can stay shut beyond the Friday (March 20) reopening deadline originally set for all casinos in the...

One Macau casino to close as hotel used for quarantine: DICJ

Mar 19, 2020 Newsdesk Latest News, Macau, Top of the deck

Casino Taipa, located at the Regency Art Hotel (pictured in a file photo), is to close temporarily from 3pm on Thursday (March 19), as that property will be used – for an unspecified duration...

Moody’s has LVS, Sands China on downgrade watch

Mar 19, 2020 Newsdesk Latest News, Macau, Singapore, Top of the deck

Moody’s Investors Service Inc says it has placed United States-based casino operator Las Vegas Sands Corp (LVS) and the latter’s circa 70-percent-owned Macau unit Sands China Ltd under...

Success Universe 2019 profit to rise at least 30pct

Mar 19, 2020 Newsdesk Latest News, Macau, Top of the deck

Macau casino investor Success Universe Group Ltd says it expects its consolidated profit for full-year 2019 to increase by “around 30 percent to 40 percent,” compared to the prior year. The...

Macau extends entry ban to overseas non-resident workers

Mar 19, 2020 Newsdesk Latest News, Macau, Top of the deck

The Macau government has extended border entry restrictions – that were already of unspecified duration – in order to prevent the entry of any non-resident worker registered in the city and...