Archive

_2020-10-28
Tim McNally checks in with Asia Gaming Brief Asia editor Felix Ng to discuss the moves that NagaCorp has been making to offset the decline in international visitation this year. McNally also comments on NagaCorp’s initial thoughts on the China Tourism...

_2020-10-08
The simplification of visa procedures for Chinese visitors is key to drive a more robust recovery in Macau, where this year’s Golden Week figures proved disappointing, according to a note from Bernstein Research.

_2020-10-05
A sign Beijing is once again ramping up its anti-corruption rhetoric, combined with an increased focus on capital outflows are likely to be further factors hindering recovery in Macau, analysts said.

_2020-09-24
A Bank of America survey held in August found that only 47 percent of Mainland Chinese travellers who want to visit Macau would be willing to take a Covid-19 test, casting doubt on visitation for the upcoming Golden Week holiday. 

_2020-09-23
Genting Malaysia said it’s seeking to boost domestic demand and visitation at its flagship property in the country, but the overall outlook for the group remains “uncertain.”

_2020-09-22
The “worst” of the crisis may be over for Resorts World Genting, with a significant improvement in visitation since it reopened three months ago, RHB Research said in a note.

_2020-09-17
Ha Tien Vegas is the latest of Cambodia’s casinos to restart, with plans to open its doors from Friday, September 18th.

_2020-09-15
Hotel occupancy rates in the run up to and during the Golden Week holiday are seeing “meaningful” improvement, but average daily rates remain weak, Morgan Stanley says in a note. 

_2020-09-08
Kangwon Land outperformed South Korea’s foreigner-only casinos in 2019, with turnover rising 5.8 percent compared with a drop of 10.9 percent for 16 other properties.

_2020-09-07
Macau’s gross gambling revenue is seeing signs of an uptick in both mass and VIP, though for the month Bernstein Research is still estimating a decline in the mid 80’s percent. 

_2020-09-01
Donaco International said it has seen “significant progress” in moves towards reopening borders in Southeast Asia and its two casinos will be ready to resume operations as soon as the situation warrants.

_2020-08-27
Borders in Malaysia may be closed to international tourists until Q2, 2021, Nancy Shukri, the minister of tourism, arts and culture told the Nikkei Asian Review in an interview. 

_2020-08-19
Resorts World Sentosa’s business model, which is skewed towards catering for the mass market, means it’s not likely to recover any time soon and not without a significant easing in travel restrictions, according to Union Gaming.

_2020-08-17
AirAsia would like Macau to negotiate a “travel bubble” with Thailand, as the Covid-19 situation has stabilised in both countries, TDM reports.

_2020-08-12
Casinos in Sihanoukville have been given a green light to reopen by the country’s health ministry as part of a phased reopening of the industry in the country and some are already back in business.

_2020-08-11
China has confirmed it will begin issuing individual visit scheme visas for the whole of Guangdong province on August 26 and will extend the program to all of China from Sept. 23.

_2020-08-10
Shares in Macau’s six casino operators were sharply higher Monday after the Macau government announced the long-awaited news that individual visit scheme visas would be renewed from August 12.

_2020-08-06
Chinese domestic flights and hi-speed train links are back to their pre-virus levels of volume and there is still a strong demand for travel with 100 million trips in the first week of May and 80 million in the three-day Dragon Boat festival in June.

_2020-07-29
The latest border easings between China and Macau are a positive step but will have limited impact on gross gambling revenue, analysts said.