Monday, June 27, 2022


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Macau hotels had average occupancy rate of 12.9 percent in April


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


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.


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


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


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


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


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


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


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


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


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


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


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


  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


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


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


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


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


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

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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