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Macau hotels had average occupancy rate of 12.9 percent in April

2020-05-29

The Statistics and Census Service (DSEC) has confirmed the dire state of the hotel industry in Macau, noting that the Covid-19 impacts reduced the ave

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Casino stocks jump on hopes for stimulus

2020-03-19

Casino shares in the U.S. surged on Thursday on the expectation the U.S. government will provide assistance to the sector as part of its economic stimulus efforts.

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Casino closures begin in U.S.

2020-03-15

Multiple casinos across the U.S. have announced they are temporarily closing due to the coronavirus, with properties in Massachusetts, Indiana, Ohio, Illinois and Pennsylvania all shuttering their operations.

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Altira Macau becomes latest hotel to suspend operations

2020-02-11

The number of major hotels in Macau to suspend operations under the impact of the Wuhan Coronavirus and closure of the territory’s casinos rose to e

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Seven Macau hotels have suspended operations

2020-02-09

A total of seven hotels in Macau are known to have suspended operations as a result of sharply lower visitation and countermeasures against the Wuhan

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Macau hotels begin to suspend operations

2020-02-06

With the mandated two-week closure of all casinos and a dramatic drop-off in visitors to the territory, a number of hotels in Macau are beginning to s

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Japan government to help finance about fifty luxury hotels

2019-12-09

Chief Cabinet Secretary Yoshihide Suga revealed over the weekend that the government was planning to assist the private sector in the financing of about fifty luxury hotels throughout Japan due to demand created by the increase in tourism.

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International Entertainment appoints new CFO

2019-10-22

International Entertainment said Li Shui Keung ceased to be chief financial officer with effect from Oct. 22.

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Paradise Q2 loss widens

2019-08-13

Paradise Co., which operates foreigner-only casinos in South Korea, posted a wider Q2 loss although revenue gained.

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Macau solicits tourism tax opinion as visitation concerns mount

2019-05-22

Macau’s tourism body is studying whether to impose a tourism tax amidst concern the territory may not be able to handle a sharp increase in visitors as connectivity with the mainland improves.

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Myanmar regions seek casino permission

2018-01-04

Five regional and state ministers in Myanmar have asked for permission to operate casinos in hotels in their territories during a meeting with the cou

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Sands China sees more MICE interest; bridge to help

2017-05-16

Sands China President Wilfred Wong says he expects the opening of the bridge linking Hong Kong, Macau and Zhuhai to trigger a significant interest in

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Chinese tourists down 30-40 percent over long weekend

2016-04-24

Only 30 percent of Macau’s hotel rooms have been booked by tourists from Mainland China over the three day long weekend from April 30 to May 2, loca

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Gaming receipts at ten-year-low in 2014, but costs still rise

2015-10-11

  Total receipts from Macau’s gaming sector dropped by 2.5 percent year-on-year to MOP354.06 billion ($44.35 billion) in 2014, marking the first de

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Receipts from Macau’s hotel sector amount to MOP28 billion in 2014

2015-09-14

Receipts from Macau’s hotel sector amounted to MOP27.87 billion ($3.5 billion) in 2014, up by 10.2 percent year-on-year, according to  the Statisti

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China Star profit up 46 percent in 15H1 to $21.7 million

2015-08-30

China Star Entertainment Ltd., an investment holding company engaged in hotel and gaming services, announced that profit for the six months ended 30 J

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Macau’s tourist price index up 0.82 percent in 15Q2

2015-07-13

Macau’s tourist price index for 15Q2 increased by 0.82 percent year-on-year to 134.61, attributable to the price increase for restaurant services an

Macau Legend’s Harbourview Hotel opens

2015-02-12

The Harbourview Hotel, with 389-rooms and modeled on 18th century Prague architecture, has opened in Macau, marking the first of several non-gaming r

Galaxy Macau in $7.4 billion expansion plan

2015-01-25

Marking a push to diversify from gaming, Galaxy Macau says it is planning to spend US$7.4 billion in new developments, including a recreation of New

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