GGRAsia – Macau

Equity, loan covers SJM cash burn for 18 mths: Moody’s

Aug 05, 2022 Newsdesk Latest News, Macau, Top of the deck

An equity-raising exercise and shareholder loan announced on Wednesday by SJM Holdings Ltd should be factors in helping the Macau casino operator cope with any “cash burn” for “at least the...

MGM brand to help Macau get foreign biz: MGM China COO

Aug 04, 2022 Newsdesk Latest News, Macau, Top of the deck

The MGM brand’s presence in non-gaming as well as gaming in international markets should help it satisfy a Macau government concession-tender requirement to bring to the city more overseas...

SJM gets US$255mln STDM loan, announces rights issue

Aug 04, 2022 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator SJM Holdings Ltd announced on Wednesday that it received an unsecured term loan of HKD2.0 billion (US$254.8 million) from its controlling shareholder, Sociedade de Turismo e...

MGM China 2Q EBITDA turns negative as revenue halved

Aug 04, 2022 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator MGM China Holdings Ltd saw its adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA) for the second quarter of 2022 turn negative to the...

Zhuhai lifts quarantine for arrivals from Macau

Aug 03, 2022 Newsdesk Latest News, Macau, Top of the deck

Starting from 6pm on Wednesday (August 3), anyone wishing to leave Macau to travel to neighbouring Zhuhai city (pictured, background) in mainland China’s Guangdong province, is exempted from a...

4 Cotai resort hotels end Covid quarantine role: MGTO

Aug 02, 2022 Newsdesk Latest News, Macau, Top of the deck

Hotels at four Cotai casino resorts exited with effect from Monday (August 1), their involvement in the Macau government’s hotel-quarantine programme, the Macao Government Tourism Office (MGTO)...

Macau to ease quarantine for non-mainland arrivals to 7 days

Aug 02, 2022 Newsdesk Latest News, Macau, Top of the deck

The Macau authorities are lowering from 10 days to seven days the amount of time people arriving from either Hong Kong, Taiwan or “overseas” places must spend in quarantine before being allowed...

Few outside bidders likely for Macau concessions: CBRE

Aug 02, 2022 Newsdesk Latest News, Macau, Top of the deck

CBRE Securities LLC expects “few, if any” of what it terms “outside bidders” for Macau gaming concessions via the public tender process that started on July 29 and runs until September 14....

SJM Holdings 1H loss widens, gaming revenue down by 25pct

Aug 01, 2022 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator SJM Holdings Ltd reported a first-half net loss of nearly HKD2.76-billion (US$351.2 million), compared to a loss of HKD1.47-billion in the first six months of 2021. That was on...

Maybe Oct before meaningful Macau casino biz: JP Morgan

Aug 01, 2022 Newsdesk Latest News, Macau, Top of the deck

A brokerage says it only expects what it terms “meaningful business” to return to Macau casinos from the October Golden Week, a holiday season in mainland China encompassing the country’s...