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Casino
July 22, 2022
Macau’s War on COVID Reaps Partial Success
Macau’s casinos will soon reopen as the special administrative region confirmed no new COVID-19 cases last Thursday. Macau’s Anti-COVID Measures Worked Last Friday, the government of Macau announced that it had identified no new cases of COVID among the locals on July 14. This was the first day without a new case since the outbreak, […]
Casino
July 21, 2022
Sands China Embraces the End of the VIP Salons in Macau Casinos
Sands China has announced it is restructuring its VIP rooms at its Macau properties as the era of the junkets and VIP salons in Macau casinos are coming to an end with new gambling regulations from mainland China. New Gambling Legislation for Macau As a result of COVID measures, China’s National Immigration Administration (NIA) has […]
Industry
July 14, 2022
China’s National Security Concerns Visible in New Macau Laws
Macau law firm MdME Lawyers published an extensive overview of the Amendment to the Macau Gaming Law and Public Tender Regulation, the comprehensive changes passed by the Legislative Assembly in the Special Administrative Region (SAR) in June that are now going to change the way concessionaires, junkets, and even consumers interact or conduct gambling activities […]
Business
July 12, 2022
Wynn Macau Appoints Frederic Jean-Luc Luvisutto as New COO
Wynn Macau has shifted its chief operating officer Frederic Jean-Luc Luvisutto to the position of chief operating officer for the Macau subsidiary and Wynn Resorts. The appointment came into effect on July 7, 2022, with Linda Chen stepping down from their current position. She has been shifted into a VP and executive director for the […]
Business
July 11, 2022
Las Vegas Sands Provides Sands China with a $1B Loan
Las Vegas Sands, а world leader in developing and operating international, world-class integrated resorts, has issued a loan to its Chinese arm. As per the agreement, Sands China will receive a $1 billion subordinated unsecured term loan. Sands China Considers the Terms Fair The loan was issued on July 11, 2022 and Sands China will […]
Industry
July 11, 2022
Credit Suisse Cautions Against Buying Macau Gaming Stocks
Analysts’ optimism with regard to Macau’s casinos has been dashed as financial experts have weighed the risks and concluded that the special administrative region is in for a very difficult spell. Financial experts from Credit Suisse cautioned against buying Macau casino stocks, warning that buying such assets could result in unpredictable and dangerous investment scenarios. […]
Casino
July 11, 2022
Macau Announces Lockdowns for a Week Through July 18
Macau has just imposed full lockdown with only essential services allowed to do business to a limited extent. This means that all commercial and industrial activities are being shut down, including casinos. Closed Casinos and Other Commercial and Industrial Operations The lockdown introduced by the SAR government and announced at a press conference on July […]
Casino
July 8, 2022
S&P to Downgrade Melco Resorts’ Credit
S&P Global Ratings, an American credit rating agency, may soon downgrade the credit of Melco Resorts & Entertainment and its Studio City. The reason for this is S&P’s doubts that Macau, a key region for Melco’s business, will recover from the pandemic anytime soon. S&P commented that Melco’s mass GGR is experiencing a slow recovery […]
Casino
July 8, 2022
Macau Casino GGR Forecasts Are Cut, COVID-19 Is Cited as the Main Cause
The gross gaming revenue forecast for Macau casino concessionaires has been cut by S&P Global Ratings as the institution cited the surge of COVID-19 cases in its report, which was published yesterday (Thursday, July 7). Casino GGR Will Reach $1.08 Billion at Most, According to S&P Global Ratings S&P Global Ratings stated that with the […]
Casino
July 8, 2022
Macau Converts Two More Casino Hotels into Quarantine Areas
Macau is undergoing one of its worst COVID-19 outbreaks. In fact, the special administrative region managed to withstand the highly-infectious virus for the past two years, but the disease has resurfaced, claiming lives and now reaching 1,215 cases as of the time of reporting. New data is processed all the time. This has forced the […]
