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Casino
June 1, 2020
Macau’s Casino Revenue Plummets by 93.2% Sending a Warning
As Macau’s results suffer in May and fall by 93.2%, Las Vegas is taking a cautious step towards reopening. Macau Sees May Figures Plummet by 93.2% With Las Vegas planning a phased reopening of casino business later this week, Macau’s casino revenue in May should serve as a warning sign as to how realistic a […]
Casino
May 26, 2020
Stanley Ho – Macau’s Gambling King Passed Away at 98
The popular gambling king, Stanley Ho passed away at 98. The Macau gambling pioneer’s fortune continues to grow with the help of his family and his legacy lives. Macau’s Gambling Pioneer Stanley Ho Has Passed Away Stanley Ho, one of Asia’s richest men and creator of the largest gaming empire, died at the age of […]
Casino
May 20, 2020
Steve Wynn: Airlines and Travel Restrictions Defining the Future of Las Vegas
Steve Wynn, the owner and former CEO of the casino and hospitality operator Wynn Resorts, strongly believes there are two main factors that influence the re-opening of the industry in Las Vegas: airlines and lifting travel restrictions from China. In an interview with Fox Business, a subdivision of Fox News Media, the 78-year-old casino magnate […]
Casino
May 7, 2020
Wynn Resorts Revenues Materially Impacted by Casino Closures
Wynn Resorts issued today its first quarter financial results, posting 42.3% drop in operating revenues, due to the closure of its properties, in February in Macau, and from mid-March in the USA. Revenue Impact Material First quarter revenue for the company fell to $953.7 million, from $1.65 billion for Q1 2019, nearly $700 million less, […]
Casino
April 26, 2020
Gaming Regulator in Massachusetts Turns to Macau Experience for Re-Opening of Casinos
Massachusetts Gaming Commission started researching in detail what the process of re-opening the state casinos would require in terms of safety measures, based on the experience from casino-operating companies in Macau. Closure Period Not Over Yet Casinos in Massachusetts have been shut since St. Gov. Charlie Baker has issued his order March 15, to close […]
Casino
April 13, 2020
Nomura Predicts Macau GGR Slowly Returning to 2019 Highs, Not Until 2022 Though
The casino gaming industry suffered its first major blow in February, when a major casino jurisdiction, Macau, was forced to shut down operations for 2 weeks to contain the spreading like wildfire coronavirus in mainland China. Since then, casinos started recovering but getting back to the state where they were before the virus crisis struck […]
Business
March 2, 2020
H2: Global Gambling Market Braces For Coronavirus Negative Impact
The global outbreak of the novel coronavirus /Covid-19/ is expected to bring the gambling revenue to 2018 levels in the optimistic, or worse, to 2017 levels in the pessimistic scenario, H2 Gambling Capital, the gambling industry data specialist company suggests. Global Decline Forecast A decline of up to 8% in gross global gambling revenue in […]
Casino
February 20, 2020
Gamblers Missing in Action as Macau Casinos Reopen
A little over a fortnight ago, casino in the Chinese territory of Macau closed shop in a bid to give room and time for efforts to combat the recent Covid-19 coronavirus outbreak. The 15-day mandatory shutdown period finally came to an end and some 29 gambling facilities moved to quietly reopen their doors. Unsurprisingly, not […]
Casino
February 11, 2020
Macau Gaming Operators Donate $25m to Coronavirus Relief Efforts
Macau’s gambling companies have vowed between $2.5 and $3.8 million for the sum total of $25 million to help with medical supplies and the relief efforts in the spread of the coronavirus. Coronavirus Threat Continues to Spread Prompting Casinos to Donate With the Macau gaming industry taking a hit last week when the administrative region’s […]
Casino
February 4, 2020
Macau Shuts Down Casino Industry for 14 Days as Coronavirus Spreads
As coronavirus rate of infection and death toll continues to climb, Macau’s officials have suspended the gaming industry for at least two weeks as the world steps up its efforts to bring the outbreak under control. Macau Shuts Down Casino Industry Amid Coronavirus Fears On Tuesday, Macau’s officials have called for the closure of the […]