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Coronavirus hits industry, but underlying demand seen strong

2020-01-31

Looking at the Chinese New Year visitation figures for Macau, it’s difficult not to be pessimistic about the near-term outlook for gaming in Asia, though analysts say underlying demand remains strong and there is likely to be a snap back once the situation...

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Chinese New Year celebrations cancelled over Wuhan coronavirus

2020-01-23

Gaming analysts are scrambling to estimate the economic impact as the Wuhan coronavirus crisis escalates and all public celebrations of Chinese New Ye

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Strong visitation fails to boost GGR

2019-02-11

Strong visitation during the Chinese New Year holidays does not have appeared to have given a significant boost to gross gambling revenue, according to Bernstein Research, citing channel checks.

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Visitor numbers up 26.7 pct in first five days of CNY

2019-02-11

Visitors to Macau reached a total of 842,574 during the first five days of the Golden Week holidays, representing a 26.7 percent increase from the pre

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Melco properties sold out over CNY, GGR growth expected

2019-01-24

Macau casino operator, Melco Resorts says it is expecting business to be booming during the lunar new year holiday next month and has downplayed negat

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CNY revenue disappoints despite higher visitation

2018-02-19

Gross gambling revenue over the Chinese New Year period was disappointing, despite higher visitation to Macau, according to Bernstein analysis. Accord

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Increase in visitors expected for 2018 Lunar New Year

2018-01-31

Macau is expected to see a slight increase in visitors during the Lunar New Year period, said MGTO head Maria Helena de Senna Fernandes on Wednesday,

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MGM stock drops on Cotai delay

2018-01-24

MGM China stock dropped more than 7 percent in Hong Kong trading on Thursday after the company announced a further delay to the opening of its new IR

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China lottery sales drop 10.7 percent in Jan.

2017-03-05

The Ministry of Finance reported January lottery sales in Mainland China fell by 10.7 percent year on year to a total of RMB 29.2 billion ($4.23 billi

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Feb 1-5 GGR exceeds expectation

2017-02-06

Macau recorded a strong start to February, raking in MOP 6.3 billion in the first week of the month (Feb 1-5), anoted Bernstein on Monday.  The week

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CNY visitors to Macau up 9.9 percent

2017-02-06

This year’s Chinese New Year holiday period saw a 9.9 percent increase in visitors compared to the year before, according to the Macau Government To

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Rise in visitors and hotel occupancy this CNY

2017-01-24

Macau will likely see a rise in hotel occupancy and visitor arrivals over the coming Chinese New Year holiday, says Chan Chi Kit, president of the Mac

Macau GGR softens further in lead up to CNY

2017-01-23

Gross gaming revenue in Macau continued to slow down over the last week (Jan 16 to 22), with ADR of MOP 528 million, said Bernstein in a note on Monda

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Macau gaming revenue strong in early January: Bernstein

2017-01-08

Macau has posted a particularly strong start to the new year, reporting a ADR of MOP 715 million, a 31 percent increase over December’s ADR, said Be

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Lionel Leong says MOP200 billion forecast is “reasonable”

2016-02-22

Macau Secretary for Economy and Finance, Leong Vai Tac has stood behind the MOP 200 billion forecast for casino gaming revenue in 2016, saying it was

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Ponte 16 records high footfall and hotel occupancy over CNY

2016-02-17

Success Universe Group Limited deputy chairman Hoffman Ma Ho Man claimed 90 percent of the hotel rooms at Sofitel Macau at Ponte 16 were occupied duri

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Resorts World Sentosa lays off 30 staff over CNY

2016-02-16

At least 30 employees at Resorts World Sentosa (RWS) in Singapore have been let go over the Chinese New Year period, according to local media. Grant G

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Macau hotels turns up heat on price war following CNY

2016-02-16

Competition for hotel customers in Asia’s gambling hub is heating up now that the Lunar New Year holidays are over, according to local media. Macau

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Louis XIII says CNY bonus reflects contribution to new ultra-luxury resort

2016-02-16

Louis XIII Holdings Limited, whose new luxury property is scheduled to open in Macau in late summer, says it will pay a Chinese New Year bonus for all

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