GGRAsia – Coronavirus Crisis

Coronavirus Crisis

Aristocrat donates 50,000 face masks to Macau community

Mar 02, 2020 Newsdesk Coronavirus Crisis, Industry Talk, Latest News

Aristocrat Technologies Macau Ltd – the Macau subsidiary of Australia-based Aristocrat Leisure Ltd – has donated a total of 50,000 protective face masks to the city’s government, said...

Macau demand might not pick up until 4Q: JP Morgan

Feb 26, 2020 Newsdesk Coronavirus Crisis, Latest News, Macau, Top of the deck

Recovery in consumer demand for Macau casino services in the wake of the coronavirus alert might happen only in the fourth quarter this year – compared to market consensus that the pickup would be...

Macau govt says no request by casino ops for tax breaks

Feb 25, 2020 Newsdesk Coronavirus Crisis, Latest News, Macau, Top of the deck

Macau’s casino regulator “has not received any applications” from the city’s casino operators for gaming tax breaks amid the current coronavirus alert, the body told GGRAsia in response to...

S. Korea Kangwon Land closed until Wed, to lose US$9mln

Feb 24, 2020 Newsdesk Coronavirus Crisis, Latest News, Rest of Asia, Top of the deck

Kangwon Land, the only casino resort in South Korea where the country’s nationals are allowed to gamble, has temporarily closed doors until 6am Wednesday (February 26). The announcement was made...

Macau to be very quiet for quite a long time: Lawrence Ho

Feb 21, 2020 Newsdesk Coronavirus Crisis, Latest News, Macau, Top of the deck

Macau’s gaming industry is likely to take “quite a long time” to recover from the sharp contraction it is facing related to the novel coronavirus Covid-19 health crisis. So said...

SJM CEO seeks govt breaks for Macau ops amid virus woes

Feb 20, 2020 Newsdesk Coronavirus Crisis, Latest News, Macau, Top of the deck

The chief executive of Macau casino operator SJM Holdings Ltd says the firm has asked the Macau government to consider giving the local industry some financial breaks amid uncertainties over...

Macau ops to offer fewer than 30pct of tables at restart

Feb 19, 2020 Newsdesk Coronavirus Crisis, Latest News, Macau, Top of the deck

The Macau casino regulator said on Wednesday that only 29 of the 39 active casinos in the city would reopen after the stroke of midnight on Thursday. The other 10 active casinos have requested more...

Macau ops flag phased casino reopenings from Thurs

Feb 18, 2020 Newsdesk Coronavirus Crisis, Latest News, Macau, Top of the deck

Macau casinos are preparing to reopen on Thursday in a phased manner and gradually resume normal operations as demand picks up, say most of the city’s gaming operators. Macau gaming operator...

Casinos open but Macau Feb GGR to fall 80pct: brokerage

Feb 18, 2020 Newsdesk Coronavirus Crisis, Latest News, Macau, Top of the deck

February casino gross gaming revenue (GGR) in Macau is likely to decline by more than 80 percent in year-on-year terms. That is despite a decision by the Macau government not to extend the current...

Macau casinos can reopen from Thursday: govt

Feb 17, 2020 Newsdesk Coronavirus Crisis, Latest News, Macau, Top of the deck

The Macau government has decided not to extend the current closure of the city’s casino industry. So said Lei Wai Nong, the city’s Secretary for Economy and Finance, during a Monday government...