GGRAsia – Macau

Privacy doubts on digital RMB in Macau casinos: scholars

Jul 22, 2022 Newsdesk Latest News, Macau, Top of the deck

There are still questions on whether China’s digital renminbi (RMB) – an officially-authorised digital version of the mainland’s currency – would be favoured by Chinese consumers for...

Macau saw zero community Covid cases Thurs: govt

Jul 22, 2022 Newsdesk Latest News, Macau, Top of the deck

No community cases of Covid-19 were recorded in Macau for the 24 hours to midnight on Thursday, said the local authorities in a Friday update. Previously, Macau officials have referred to a policy...

Summit says Suncity listco not required to bid for shares

Jul 21, 2022 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck

Summit Ascent Holdings Ltd, a Hong Kong-listed investor in the Tigre de Cristal casino resort near Vladivostok in Russia, has clarified that its own majority Hong Kong-listed investor, Suncity Group...

Marina Bay Sands 2Q net rev up 108pct, Macau EBITDA loss

Jul 21, 2022 Newsdesk Latest News, Macau, Singapore, Top of the deck

Net revenues at the Marina Bay Sands casino resort (pictured) in Singapore rose 107.6 percent year-on-year in the second quarter, to US$679 million. Singapore adjusted property earnings before...

End of junket biz in Macau opens space for mass growth: LVS

Jul 21, 2022 Newsdesk Latest News, Macau, Top of the deck

Robert Goldstein, the boss of casino group Las Vegas Sands Corp, says the retreat of junket operations in Macau is an opportunity for the firm’s subsidiary Sands China Ltd to boost its margins in...

Macau casinos can reopen Saturday at 50pct staffing

Jul 20, 2022 Newsdesk Latest News, Macau, Top of the deck

Macau’s casinos can reopen from the start of Saturday (July 23) until July 29, but only at 50 percent of normal staffing, confirmed the head of the city’s Health Bureau, Alvis Lo Iek Long, at a...

Most Macau businesses can resume Saturday with conditions

Jul 20, 2022 Newsdesk Latest News, Macau, Top of the deck

Most non-essential industrial and commercial premises in Macau will be allowed to resume operations – on a limited basis – from Saturday (July 23) to Friday (July 29), the city’s...

Macau June visitor arrivals down 37pct m-o-m as Covid hits

Jul 20, 2022 Newsdesk Latest News, Macau, Top of the deck

Macau saw an aggregate of approximately 381,000 visitor arrivals in June, representing a 36.6 percent month-on-month decline, said a Tuesday release by the city’s Statistics and Census Service. The...

Macau readying for Covid-restriction easing: govt

Jul 19, 2022 Newsdesk Latest News, Macau, Top of the deck

The Macau government said on Tuesday it is preparing fresh arrangements for its containment of Covid-19 infection in the city, via what it calls a “consolidation phase”, though it...

US$800mln EBITDA loss forecast for Macau ops in 2022: MS

Jul 19, 2022 Newsdesk Latest News, Macau, Top of the deck

A brokerage now expects the Macau casino sector in full-year 2022 to report a US$800-million loss in terms of earnings before interest, taxation, depreciation and amortisation (EBITDA), compared to a...