Archive

_2022-02-17
Macau has relaxed the quarantine requirements for visitors from Taiwan, but has upped those from Hong Kong as Covid cases escalate.

_2022-02-16
Las Vegas Sands has seen its credit rating cut to one notch below investment grade, with the outlook remaining negative, due to the slower-than-forecast recovery from Covid.

_2022-02-16
Sands China is well placed to benefit from the recovery and growth of Macau's mass market and is forecast to post EBITDA of more than $4.1 billion by 2025, higher than pre-pandemic levels, Bernstein said.

_2022-02-16
U.S.-listed Wynn Resorts said it saw encouraging signs amongst its direct-VIP and premium mass players during Chinese New Year, with mass drop and direct VIP rolling recovering to 60 percent and 88 percent of 2019 CNY levels respectively.

_2022-02-15
A Macau judge, examining what could be proved in a multi-billion dollar court case between Las Vegas Sands and Asian American Entertainment Corp (AAEC) appears to be leaning in favor of the U.S. operator.

_2022-02-15
SJM Resorts will present the first edition of the SJM Gastronomy Series in continued support of the Macau SAR Government’s efforts to strengthen the development of Tourism + Gastronomy. 

_2022-02-14
The committee charged with reviewing amendments to Macau’s gaming law met for the first time on Monday, with concerns raised over local ownership and satellite casinos.

_2022-02-14
Macau’s gross gambling revenue (GGR)  in the week after Chinese New Year hit its highest daily rate since the Golden Week holiday in May last year, according to channel checks from Bernstein. 

_2022-02-14
Moody’s Investor Service has downgraded SJM Holdings corporate family rating from Ba2 to Ba1, reflecting the company's continued delay in the execution of its refinancing plan, as well as increasing operational uncertainties relating to the Omicron...

_2022-02-11
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_2022-02-11
A U.S.-based trade union, known as the International Union of Operating Engineers, Local 501 has called for a U.S. federal investigation into junket operator SunCity Group and its historical relationships with U.S. gaming companies.

_2022-02-10
MGM China surprised analysts with the outperformance of its mass market gaming over the Chinese New Year, which returned to 85 percent of pre-pandemic levels in terms of table drop.