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Lisboeta scheme offers 1,500 job openings for Macau locals

The under-construction Lisboeta Macau project wants to hire around 1,500 employees via a job fair to take place on July 16. A press release issued on Sunday by project promoter Macau Theme Park and Resort Ltd said 180 “non-gaming positions” with “approximately 1,500 job openings for Macau residents” were being offered at the recruitment fair. The event is to take place at Regency Art Hotel, in Macau’s Taipa district.

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Macau Gaming

8/10/2020

article Macau Announces Partial Restart of Tourist Visas, Hoping for Casino Revival
(Macau) -- Macau's government on Monday announced that tourist visas, through which the majority of gamblers visit casinos in the Chinese territory, will be reinstated...
article Zhuhai to restart IVS, tour visas to Macau on Aug 12
(Macau) -- Authorities in mainland China’s Zhuhai city – next door to Macau – will resume on Wednesday (August 12) the issuance of exit tourist visas...
press release Upside seen for Las Vegas Sands and Wynn Resorts after Macau visa development
(Macau) -- Bank of America is incrementally more positive on the Macau sector after today's visa developments.

8/9/2020

article All Clear in Macau: Now for the Operations
(Macau) -- Macau has been well known for its struggle during the Covid shutdowns, yet the former island gambling mecca is also within the jurisdiction of the lowest...

8/7/2020

article Macau Secretary for Security says more “good news” to be announced soon
(Macau) -- Macau’s Secretary for Security, Wong Sio Chak, said more “good news” about the progress of easing border restrictions between Macau and...

8/5/2020

article Local gaming sector will end up recovering faster than Las Vegas – Tourism researcher
(Macau) -- The local gaming sector recovery will end up outpacing that of Las Vegas, University of Macau Integrated Resort and Tourism Management Associate Professor,...

8/4/2020

article Gaming Industry Continues to Bear Coronavirus Brunt in Macau
(Macau) -- Although casinos in Macau have resumed operations following the coronavirus-induced shutdown, casino tables still remain empty. This has resulted in a sharp...

8/2/2020

article Macau Gambling Industry Freefall Continues, July Revenues Sink
(Macau) -- Casinos in Macau continue to suffer, a report of the Gaming Inspection and Coordination outlined. Gambling revenue in the Special Administrative Region (SAR)...
article A new book on Macau going “beyond stereotypes”
(Macau) -- Meng U Ieong, Assistant Professor in the Department of Government and Public Administration of the University of Macau, has just published an edited book...

8/1/2020

article Macau’s gaming revenue falls 94.5% as visa ban thwarts recovery
(Macau) -- Macau gaming revenue plunged by more than 90% for a fourth straight month, as China’s ban on tourist visas continued to deprive the gambling hub of its...

7/29/2020

article Macau health authority warns casinos will close again if positive COVID-19 case found on gaming floors
(Macau) -- Macau’s Health Bureau has underlined the necessity of requiring casino guests to submit negative COVID-19 test results before entering the gaming floor,...

7/28/2020

article Macau casino gamblers using smugglers to avoid border checks
(Macau) -- Chinese gamblers are using smugglers to avoid pandemic-related travel restrictions in both Macau and on the mainland, according to local police. On Monday,...
article Number of Macau gaming, junket employees falls by 5,200 in 2Q20
(Macau) -- The number of people working for Macau’s gaming and junket operators declined by 5,200 people quarter-on-quarter to around 82,300 in the three months to...
article SJM slips to 1H loss amid pandemic, market share up
(Macau) -- Macau casino operator SJM Holdings Ltd (SJM) slipped to a first-half loss, on group net revenue that fell 74.4 percent, it said in a Tuesday filing to the...

7/27/2020

article Macau’s Health Bureau says 25,000 casino staff have now received COVID-19 virus tests
(Macau) -- Around 25,000 frontline casino workers for Sands China and SJM Holdings have now received COVID-19 virus tests, with all coming back negative, Macau’s...

7/24/2020

article 'Not much hope': Macau casinos see deepening losses as virus slams China travel
(Macau) -- Casinos in the world’s biggest gambling hub Macau are staring at heavy losses for the second quarter, with “not much hope” for a near-term...
article 25,000 casino workers tested for COVID-19, all negative
(Macau) -- More than 25,000 casino workers have undergone COVID-19 tests, and all of them have been negative, the Macau Health Bureau (SSM) announced today.

7/23/2020

article 'Not much hope': Macau casinos see deepening losses as virus slams China travel
(Macau) -- Casinos in the world's biggest gambling hub Macau are staring at heavy losses for the second quarter, with "not much hope" for a near-term...
article Galaxy opts out of discretionary bonus payment, no annual bonus for execs: Francis Lui
(Macau) -- Galaxy Entertainment Group Vice Chairman Francis Lui has revealed the company won’t offer a discretionary bonus to eligible team members at Senior...
article Liaison Office thanks Macau junkets, ops on Covid-19 work
(Macau) -- Macau gaming enterprises, including a number of junket brands and at least four casino licensees, have separately received recognition from the Chinese...

7/21/2020

article Industry back together again as IAG hosts successful Macau After Dark 5
(Macau) -- Around 110 guests came together to let their hair down and, in many cases, catch up face to face for the first time in 2020 as Inside Asian Gaming hosted the...
article Macau Casinos Likely to Post $1 Billion Loss in June Quarter
(Macau) -- Macau casino operators are expected to post a loss of over $1 billion collectively in their earnings before interest, tax, depreciation and amortization for...
article New US casino powerhouse shows no signs of becoming Macau contender
(Macau) -- Eldorado Resorts’ $17 billion (135 billion patacas) acquisition of Caesars Entertainment may have created a new casino powerhouse in the U.S., but it is...

7/20/2020

article Macau visitor arrivals plummet 83.9% in 1H20
(Macau) -- The number of visitors arriving in Macau fell to just 3,268,900 in the first half of 2020, down 83.9% to from almost 20.3 million in 1H19.

7/19/2020

article Gambling watchdog inspects implementation of new Covid-19 prevention measures
(Macau) -- The new director of the Gaming Inspection and Coordination Bureau (DICJ), Adriano Marques Ho, has paid a visit to local gambling venues to inspect the casino...
article Lawrence Ho Loans Studio City $60 Million, Money Will Be Used for Phase 2 Construction
(Macau) -- Billionaire Lawrence Ho has purchased $60 million worth of senior notes offered by Studio City, the Macau integrated resort casino, saying the funds will help...
article Macau’s COVID-19 count returns to zero after most recent case discharged
(Macau) -- Macau is once again COVID-19 free after authorities revealed on Friday that the patient who had been Macau’s sole remaining carrier of the virus has now...
article Diversification? “Is the responsibility of the government. Not IRs”
(Macau) -- The same person who worked at the Venetian, Grand Lisboa and MGM Cotai, Niall Murray has a long list of clients and work completed, through Murray...

7/17/2020

article Lawrence Ho opts for US$60mln in new Studio City notes
(Macau) -- Casino entrepreneur Lawrence Ho Yau Lung (pictured in file photo) has acquired an aggregate principal amount of US$60 million from an-up-to US$1-billion...

7/16/2020

article Macau casinos the last place VIP gamblers wanted to be in Q2
(Macau) -- Macau casinos were the last place VIP gamblers wanted to be during the second quarter of 2020, according to the latest government statistics.
article Mass baccarat takes biggest hit from COVID-19 impact in 2Q20
(Macau) -- Revenue from mass market baccarat plummeted 96.4% to just MOP$1.06 billion (US$132.7 million) in the three months to 30 June 2020, with the impact of COVID-19...

7/15/2020

article Casino workers’ COVID-19 testing starts today
(Macau) -- Addressing Wednesday’s press conference about Macao’s novel coronavirus (COVID-19) situation, the Health Bureau’s (SSM) Control of...
article Guangdong quarantine lifting won’t cause COVID-19 rebound
(Macau) -- The Macao government said on Tuesday it believes that today’s lifting of Guangdong’s 14-day quarantine requirement for all arrivals from Macao...

7/14/2020

article Covid-19 safety testing for Macau casino staff: govt
(Macau) -- The Macau government said in a Tuesday statement that the city’s casino staff would have to be tested for Covid-19, as part of new precautionary...
article Macao casinos applaud relaxing of Guangdong border-crossing rules
(Macau) -- The planned relaxation of border-crossing rules between Macao and China’s Guangdong Province on Wednesday is encouraging to casino operators, Asian...
article Macau GGR to reach 25% of pre-COVID levels on easing of Guangdong border restrictions: analysts
(Macau) -- Macau’s gross gaming revenue could quickly reach up to 25% of 2019 levels following Monday night’s long-awaited news that the 14-day mandatory...
article Macau’s Health Bureau to provide one-off COVID-19 test to all frontline casino staff as Guangdong border reopens
(Macau) -- Macau’s frontline casino staff will not be required to receive a new COVID-19 virus test every seven days, but all must undergo a one-off test before...
article Over 100,000 apply for Macau-Guangdong border clearance on strong pent-up demand
(Macau) -- More than 100,000 people have tried to complete the transcoding procedures connecting the health codes of Macau and Guangdong Province over the past two days...
article Casino Stocks Surge as China Eases Macau Border Rules for People
(Macau) -- With China relieving coronavirus-related impositions between Macau and the neighboring coastal province of Guangdong, the shared of casino operators in Macau...
article Easing Macau travel restrictions propel casino stocks and gaming ETFs
(Macau) -- Exchange-traded funds with exposure to casino stocks jumped Monday after Chinese authorities announced plans to loosen travel restrictions on people returning...
article Macau’s casino stocks surge as Guangdong authorities relax travel restrictions to the world’s gambling capital
(Macau) -- Macau casino stocks soared on Tuesday as neighbouring Guangdong province eased Covid-19 travel restrictions that have contributed to massive losses in revenue...

7/13/2020

article Casino Shares Jump After China Lifts Quarantine Rules for Macau
(Macau) -- Shares of Las Vegas Sands Corp., Wynn Resorts Ltd. and other global casino companies rallied on Monday after prospects brightened for Macau, the world’s...
article Macau stocks jump with quarantine rules to be relaxed
(Macau) -- Macau casino stocks are finally getting some breathing room with China reportedly set to lift quarantine requirements for visitors returning from the gambling...
article Covid-19 negative test to be required for entry in casinos
(Macau) -- Health authorities announced today (Monday) that starting from 12:00am of July 15 (Wednesday) anyone entering casinos will have to present a negative Covid-19...

7/12/2020

article Macau officials face quarantine after returning from Ho’s funeral
(Macau) -- Edmund Ho, vice-chairman of the Chinese People’s Political Consultative Conference and former Chief Executive of Macau, and Lei Wai Nong, Secretary for...
article Suncity CEO denies recent rumours targetting the junket group
(Macau) -- The CEO junket group Suncity Group, Alvin Chau, has issued a public statement denying the recent storm of rumours alleging the company was the target of a...

7/10/2020

article Death of Macau's Casino King Comes as Gambling Hub Faces New Era
(Macau) -- Hong Kong's highest-profile officials and business people paid their respects on Friday to Macau's gambling king, Stanley Ho, who built a business...

7/9/2020

article Macau and Hong Kong elite to pay respects at funeral service of Dr Stanley Ho
(Macau) -- The funeral service of Dr Stanley Ho will be held this afternoon, with key figures of politics and business from both Macau and Hong Kong set to take part...

7/6/2020

article Macau Operators Staring at Worst Ever Results in Q2, Analysts Focusing on Operating Costs
(Macau) -- The second quarter of 2020 could go be the worst three-month stretch on record for Macau’s six concessionaires as the special administrative region...
article Macau to lose over US$1 billion in EBITDA in Q2: Morgan Stanley
(Macau) -- Macau’s casino operators are expected to announce quarterly EBITDA losses of more than US$1 billion in the three months to 30 June 2020 in what...
article Zhuhai allows Macau residents to enter nine Greater Bay Area cities from Monday
(Macau) -- Nine cities in the Greater Bay Area (GBA) will allow Macau residents to visit without mandatory quarantine from Monday, indicating that border restrictions...

7/4/2020

article Macau Politician Says Monthly GGR Rebounds to $1 Billion if Guangdong Restrictions Are Lifted
(Macau) -- Macau legislator Davis Ka Chio Fong believes gross gaming revenue (GGR) on the peninsula will bounce back to $750 million to $1.25 billion on a monthly basis...

7/3/2020

article Legislator says Macau GGR can reach US$1 billion a month once Guangdong border restrictions eased
(Macau) -- Macau legislator and gaming expert, Davis Ka Chio Fong, estimates gross gaming revenue could recover to around MOP$8 billion (US$1 billion) per month once...
article Reported suspected money laundering transactions fall 31pct y-on-y in H1
(Macau) -- The number of suspicious money laundering or terrorism financing transactions reported by in Macau in the first half of this year has dropped by 31 per cent...

7/2/2020

article Macao gaming revenue hits record low in June
(Macau) -- Macao endured its lowest monthly gaming revenue and worst percentage decline from the previous year in its history in June as effects of the coronavirus...
article Macau casino operators see Suspicious Transaction Reports fall 52% in first six months of 2020
(Macau) -- The number of Suspicious Transaction Reports (STRs) issued by Macau’s casino operators fell 52.0% year-on-year in the first six months of 2020,...

7/1/2020

article Macao casino’s GGR for June drops by 97%
(Macau) -- Macao casino’s Gross Gaming Revenue (GGR) for June dropped 97% year-on-year, according to a release by the Gaming Inspection and Coordination Bureau....
article Macau casino revenue hits another new low in June
(Macau) -- Macau’s gaming revenue sunk to yet another new low of MOP716m (£72.2m/€79.8m/$89.7m) in June, down 97.0% year-on-year, as the effects of the...

6/30/2020

article Who was Sir Robert Hotung? The great uncle of late casino king Stanley Ho, dubbed the ‘Far East JP Morgan’ and ‘grand old man of Hong Kong’
(Macau) -- On May 26, legendary Macau casino mogul Stanley Ho Hung-sun died in Hong Kong at the age of 98. Yet, before Ho’s funeral – which has been set to...

6/29/2020

article Macau Gaming Preview: June Revenue to Show Another Deep Plunge
(Macau) -- Macau casinos’ June gaming revenue is expected to plunge by more than 90% for the third straight month, as China’s border curbs imposed during the...
article Stanley Ho’s 4th Wife Just Revealed That The Late Casino King’s Rumoured 17th Child Really Does Exist
(Macau) -- Remember when it was reported that the late Stanley Ho actually had 16 children instead of the widely believed 17? Well, turns out that the Macau casino...
article Virus not hurting Londoner Macao timetable: Wong
(Macau) -- Covid-19 would not alter the phased timetable for opening the rejigged Sands Cotai Central casino complex (pictured) as a British-themed resort called the...

6/25/2020

article Macau would benefit from getting into Hong Kong’s travel bubble
(Macau) -- Macau is desperate for tourists, and it needs them more from neighboring China and Hong Kong than anywhere else. These two sources of visitors make up the...
article Macau’s leader watching for good news in July on travel
(Macau) -- Macau’s Chief Executive, Ho Iat Seng, said on the sidelines of a public event on Thursday that he was watching to see whether there would be any “...

6/24/2020

article Macau economy to drop 69.8% and reach pre-crisis levels only in late 2021 – Economist
(Macau) -- The Economist Intelligence Unit (EIU) forecasts a 69.8 per cent contraction of Macao’s economy in 2020, which should only recover to pre-crisis levels...

6/23/2020

article Chanos, Famed Short Seller, Sees Macau Concession Risk for Las Vegas Sands, Wynn Resorts
(Macau) -- Kynikos Associates founder Jim Chanos, one of Wall Street’s most noted short sellers, believes Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) are...
press release OP/ED: Macau should ditch Japan model and adopt Singapore framework for licensing
(Macau) -- While the Macau gaming operators are eagerly anticipating a potential loosening of COVID-19 border restrictions so they can return to sustainable operations,...

6/21/2020

article OP/ED: New ideas? Online gaming
(Macau) -- A stock exchange? A financial centre? Traditional Chinese Medicine? Creative industries? Ho Iat Seng said what he thinks about the ’emerging industries...

6/19/2020

article IAG Spot Count: Tracking the action in Cotai
(Macau) -- The Inside Asian Gaming team mixed it up a little bit this week, taking a closer look at the bet sizing of customers on the main gaming floors of three of...
article Macau visitor numbers down 99.5% year-to-year for May but 46% improvement month-to-month since April
(Macau) -- Visitor arrivals to Macau plunged by 99.5% year-on-year in May to just 16,133, according to figures released by the Statistics and Census Service. However,...

6/15/2020

article Fresh virus cases stemmed on mainland: Macau investor
(Macau) -- Fresh cases of Covid-19 in Beijing and elsewhere in mainland China were likely to be dealt with quickly and efficiently by the Chinese authorities, an...
article Beijing lockdown creates new worry for Macau stocks
(Macau) -- Macau casino stocks are lower after Beijing tightens lockdown restrictions due to dozens of new COVID-19 cases being reported in the capital over the weekend...

6/13/2020

article “Las Vegas does not fit Macau”
(Macau) -- With the arrival of Las Vegas operators in Macau, the idea of a ‘Las Vegas model’ for gambling in Macau has become commonplace. Macau should be...

6/11/2020

article Macao casinos set to get a boost from easing travel restrictions
(Macau) -- Travel restrictions are being lifted between China’s Guangdong Province and Macao, a move that could spark increased business for Las Vegas companies...
article New gaming regulator head vows integrity and focus on tech
(Macau) -- The new head of the Gaming Inspection and Coordination Bureau (DICJ), Adriano Marques Ho, has pledged to serve with integrity and enhance the use of...

6/8/2020

article Macau gaming tax collection down 94% in May
(Macau) -- Macau received MOP$506.64 million in gaming tax in May, down 94% year-on-year according to figures releases by the Financial Services Bureau. May’s...

6/5/2020

article IAG Weekly Spot Count: Macau satellite, 2nd tier casinos show incremental traffic gains
(Macau) -- Macau’s gaming operators may still be waiting for news on the easing of border restrictions with neighboring Guangdong Province but the SAR’s...
article Professor: too early to predict impact of US-China tensions over Hong Kong on Macau gaming industry
(Macau) -- A professor for Macau’s economy and gaming industry says it is too early to predict what kind of influence US economic sanctions imposed on Hong Kong...

6/2/2020

article Macau casinos endure eighth straight month of gaming revenue decline
(Macau) -- Macau casino gaming revenue recorded another punishing decline in May as COVID-19 quarantine rules continue to deter mainland Chinese gamblers from traveling.
article Macau gaming revenues dip 93.2% in May
(Macau) -- Continued travel restrictions and the lingering effects of the coronavirus pandemic depressed Macau’s gaming revenues during May as casinos experienced...
article Macau Sees Massive Losses In May
(Macau) -- Casinos in Macau had a rough May. The Gaming Inspection and Coordination Bureau in the Chinese gaming enclave reported a 93.2 percent decline in monthly gross...
article For Gaming Companies, More Hong Kong Political Turmoil
(Hong Kong) -- Macau has been a gambling company bonanza for the major global gaming companies. Since starting in 2001, only a couple of years after Portuguese-...

6/1/2020

article Macao Casino Revenue Plunges Another 93% in May
(Macau) -- Casinos operating in Macao saw revenue plunge another 93% in May as China maintained travel restrictions to the region due to the coronavirus pandemic....

5/31/2020

article Macau's GDP Plunged By Nearly Half In 1st Qtr As Pandemic Hit Tourism
(Macau) -- Macau’s GDP shrank by 48.7% in the first three months of 2020 from a year earlier amid fallout from the global coronavirus pandemic, its Statistics and...

5/30/2020

article Macau’s Economy Shrinks by 49% During Coronavirus Lockdown
(Macau) -- Macau’s economy posted a deep contraction in the first quarter as lockdown measures introduced to contain the virus outbreak hit revenue from gambling,...
article Stanley Ho: how the Macau casino tycoon’s love life shaped his success
(Macau) -- Gambling tycoon Stanley Ho Hung-sun was one of those rare characters: a man envied and adored in equal parts. Women wanted him. Men wanted to be him. Charming...

5/28/2020

article Macau five-star hotels Apr occupancy at 6.6pct: govt
(Macau) -- The average occupancy rate of Macau’s hotels and guesthouses has reached a historical low in April, at 12.9 percent, according to data published on...

5/27/2020

article Death of China’s King of Gambling Gives Empire Reins to Daughter
(Macau) -- About an hour after the death of Stanley Ho, the billionaire who built the Chinese territory of Macau into the world’s biggest gambling hub, his large...

5/26/2020

article Macao casino owner Stanley Ho dies at 98
(Macau) -- Casino tycoon Stanley Ho, whose business empire dominated the Portuguese gambling enclave of Macao for decades, has died in Hong Kong at age 98. Considered...
article Macau’s last governor recalls Stanley Ho as a “friend of Portugal and of the Portuguese”
(Macau) -- Macau’s last governor before the 1999 handover, Vasco Rocha Vieira, said today (Tuesday) that the world lost, with the death of businessman Stanley Ho,...
article Stanley Ho, flamboyant ‘godfather’ of Macau casinos, dies aged 98
(Hong Kong) -- Stanley Ho, the flamboyant and charismatic godfather of gambling in Macau, who steered gaming in the autonomous Chinese region to eclipse Las Vegas, has...
article VIDEO: Macau Casino Tycoon Stanley Ho Dies at 98
(Macau) -- Stanley Ho, who built a casino empire in Macau that made the Chinese island the world’s biggest gambling hub, has died at age 98.

5/25/2020

article Casino cities embrace online play or lose out: experts
(Macau) -- The coronavirus pandemic has been touted in some quarters as an opportunity for bricks and mortar casino operators and their host jurisdictions to re-examine...
article 3 Big Casinos Have a Lot to Lose in a Coronavirus Blame Game
(Macau) -- Even as America begins reopening for business, ascertaining the root cause of the COVID-19 pandemic that literally shut down almost the entire world for two...
article Stanley Ho, patriarch of Asia’s largest casino empire, dies at 98
(Hong Kong) -- Stanley Ho Hung-sun, the patriarch of Asia’s largest casino empire for half a century and a man whose very name is synonymous with Macau’s...

5/22/2020

article Hong Kong turmoil hits casino stocks
(Hong Kong) -- Macau casino stocks trade lower amid heightened tensions in Hong Kong between pro-democracy legislators and Beijing.

5/21/2020

article Commission Against Corruption says complaints of “irregular acts” by Macau gaming and hotel operators on the rise
(Macau) -- Macau’s Commission Against Corruption (CCAC) noted in its 2019 annual working report that it had received an increasing number of complaints and tip-...
article Macau 1Q20 visitor spending down 70.4% on COVID-19 impa
(Macau) -- Visitor spending in Macau declined by 70.4% to an estimated MOP$5.01 billion (US$628 million) in 1Q20, impacted by the massive decline in visitation due to...
article Macau Sees Almost 100 Percent Fewer Visitors in April, But Reason for Optimism
(Macau) -- The number of Macau visitor arrivals last month was down nearly 100 percent, as the world’s richest gambling hub remains relatively closed to...

5/20/2020

article Judiciary police holds meeting with gaming operators to strengthen casino security ahead of border opening, storm season
(Macau) -- The Judiciary Police (PJ) has held a meeting with Macau’s six gaming concessionaires to discuss the enhancement of security at casinos and hotels and...
article Macau Virus Count ZERO: Last patient cleared as border issue gains momentum
(Macau) -- The Macau Health Bureau announced Tuesday that the SAR’s last remaining COVID-19 patient had fully recovered and been discharged from hospital. With all...

5/19/2020

article Macau Health authorities confirm no immediate schedule for easing border controls
(Macau) -- Progress on the potential easing of border controls between Macau and Guangdong Province has stalled this week, with Macau unable to offer any guarantees on...
article Macau sees 69% fall in visitors from mainland China in 1Q20
(Macau) -- The number of visitors arriving in Macau from mainland China fell 69.2% year-on-year to 2.29 million in the first quarter, according to statistics published...

5/18/2020

article Adriano Ho confirmed to take over as Director of Macau’s gaming regulator on 10 June
(Macau) -- Adriano Ho will replace Paulo Martins Chan as Director of Macau’s Gaming of Inspection and Coordination Bureau (DICJ) on 10 June, the Secretary for...
article Macau Virus Count: 1 active case as Health Bureau insists no schedule for extension of virus test groups
(Macau) -- The Health Bureau says it has no immediate plans to extend the number of groups qualified for COVID-19 testing, suggesting that current border controls...
article Macau’s border re-opening plans stall
(Macau) -- The government of Macau cannot sign off on any of the border re-opening timeframes for the Greater Bay Area. The Health Bureau stated it is experiencing...

5/12/2020

article Macau Gaming Regulator Head Resigns as Casinos Face Crisis
(Macau) -- The head of Macau’s gaming regulator is stepping down from his position at a time when the world’s biggest gambling hub is facing its worst crisis...

5/11/2020

article Guangdong, HK, Macau, mull relaxing travel quarantine: Lam
(Macau) -- Guangdong in mainland China and its neighbouring jurisdictions Hong Kong and Macau are currently in discussions over a plan that would allow residents of the...

5/10/2020

article Macau govt expects US$6.3bln in 2020 gaming tax
(Macau) -- The Macau government is now expecting to collect nearly MOP49.98 billion (US$6.26 billion) in taxes from the city’s gaming industry this year, according...

5/7/2020

article Macau Folds on Levying Entrance Fee on Tourists, Casinos Rejoice
(Macau) -- Officials in Macau are ending their considerations of imposing an entrance tax on tourists arriving in the Chinese Special Administrative Region (SAR).
article Wynn Macau losing US$2mln a day, optimistic about rebound
(Macau) -- The slow business environment in Macau is costing Wynn Resorts Ltd between US$2.0 million and US$2.5 million a day, said the group’s president and chief...

5/5/2020

article Macau casino op SJM Holdings posts US$53mln 1Q loss
(Macau) -- Macau casino operator SJM Holdings Ltd posted a net loss of HKD409 million (US$52.8 million) in the first quartet this year, according to unaudited highlights...

5/4/2020

article Macau ready to welcome more visitors as borders open up
(Macau) -- This weekend, two primary entry points into Macau, the Gongbei border and the Hong Kong-Zhuhai-Macau Bridge (HZMB), began operating under normal hours...
article Group of casino workers suffer food poisoning
(Macau) -- A large group of workers from four different casinos — all connected to gaming operator Sociedade dos Jogos de Macau (SJM) — were diagnosed with...

5/3/2020

article Macau casino revenue plunges as Covid-19 takes it toll on economy
(Macau) -- Macau's gaming revenue was virtually wiped out in April as casinos suffered their worst month on record owing to measures put in place to prevent the...
article Macau casinos see worst month yet as gaming revenue plunges 97%
(Macau) -- Macau casinos suffered their worst month ever as travel restrictions during the coronavirus pandemic left the world’s biggest gambling hub struggling...

5/1/2020

article Macau casino numbers from April termed ‘horrific;’ market dips to $95M, a 97% decline
(Macau) -- Macau casinos saw gaming revenues dip to historic lows during April as continued COVID-19 travel restrictions in China kept customers away from the gaming...
article Macau casinos report their worst April on record as gross gambling revenue fell more than expected amid coronavirus pandemic
(Macau) -- Macau casinos suffered their worst month ever as travel restrictions during the coronavirus pandemic left the world’s biggest gambling hub struggling...
article Macau Rocked by Record 97% Drop in April Gaming Revenue
(Macau) -- Macau's gaming revenue tumbled a record 97% in April, as the world's biggest gambling hub was rocked by the coronavirus shutdown. ompanies with a...

4/30/2020

article Pandemic-hit Macau casinos look to play the long game with cash pile
(Macau) -- Light on debt and cash rich, Macau’s Galaxy Entertainment (0027.HK) is bleeding $3 million daily in operating cost as the coronavirus crisis upends its...

4/29/2020

article Macau visitation falls 93.7% in March
(Macau) -- Macau recorded only 212,311 visitor arrivals in March, down 93.7% year-on-year including a 99.4% decline in visitors via the Individual Visit Scheme (IVS)...
article Sands China breaks new ground for Macau IRs with solar energy plant installation at Sands Cotai Central
(Macau) -- Sands China Ltd says it has installed the first solar thermal-heat pump hybrid energy plant to be used in Macau’s hospitality and integrated resort...

4/28/2020

article Macau visitor tally down 94pct in March: govt
(Macau) -- The tally of visitor arrivals to Macau in March 2020 “tumbled” by 93.7 percent year-on-year to 212,311, said on Tuesday the city’s...
article Tech to help Macau casinos recover, regulation needed: panel
(Macau) -- Technology could play a role in the recovery of gaming businesses amid social distancing measures implemented in a number of jurisdictions as part of efforts...

4/27/2020

article "Macau gaming could see 80 percent revenue recovery next year," analysts say
(Macau) -- Union Gaming, which has taken a more conservative view than some other analysts suggests that such a "sequential recovery" would manifest in the...
article Lawmakers hone in on economic relief measures and plan for casino concessions
(Macau) -- The implementation of relief measures to help companies and individuals to face the economic crisis generated by the Covid-19 outbreak, as well as questions...
article Legislators quiz if Macau casino retender possible by 2022
(Macau) -- The feasibility of the Macau government launching by “year-end” a public consultation to review the city’s existing gaming law and...
article Secretary confirms: public consultation on casinos to launch this year
(Macau) -- The public consultation on Macau’s gaming concessionaire contracts will launch this year, Secretary for Economy and Finance Lei Wai Nong has assured...

4/26/2020

article Gaming: Even conservative casino prediction puts 80% revenue recovery in sights
(Macau) -- Macau’s gaming concessionaires may see a “sequential recovery” in gross gaming revenue throughout 2021, according to Union Gaming, a...

4/25/2020

article Casino-Heavy Macau Looks to End COVID-Induced Slowdown
(Macau) -- In Macau, a special administrative region (SAR) of China known for its gambling industry, more than 80 percent of local revenues are earned by the operation...
article Macau Airport To Take Over Nearby Space Due To Future Increase in Passengers
(Macau) -- Macau International Airport will acquire a portion of the Taipa Ferry Terminal to handle airline overflow passengers, predicted to be in the millions, despite...
article More slot than table players on Macau gaming floors
(Macau) -- There seems to be a trend emerging here. For the second week in a row, the gaming floors of Macau’s biggest IRs averaged just 15 players during any...

4/23/2020

article Macau casino sequential recovery in 2021: Union Gaming
(Macau) -- Macau gaming operators could see a sequential recovery in business post-coronavirus throughout 2021. Market-wide the firms could see by the end of that year...

4/22/2020

article Macau economy forecast to contract by 24% in 2020, Fitch Ratings says
(Macau) -- Macau’s economy will contract by 24% in 2020 due to the Covid-19 pandemic, according to Fitch Ratings, which kept the territory’s risk rating...

4/21/2020

article Actions of Macau operators vital to avoiding “terrible situation” of future shutdowns, says Bowie
(Macau) -- Macau’s gaming operators must be ready to adapt their gaming floors to a variety of possible recovery scenarios over the coming months if they hope to...
article Macau Is Emperor With no Clothes as Gaming Dependence Exposes Economic Vulnerabilities, Says Fitch
(Macau) -- As gaming cash dries up and visitation to the Special Administrative Region (SAR) remains scant, Macau is vulnerable to significant economic turbulence due to...
article No cuts to Macau gaming tax under re-tendering but government offers olive branch on CSR expectations
(Macau) -- Macau Chief Executive Ho Iat Seng emphasized on Tuesday that gaming taxes in Macau would not be reduced under new gaming legislation to form part of license...
article Virus May Shave Off 95% Profit of Macau Casinos in March Quarter
(Macau) -- Macau casino operators are expected to show a 95% drop in their earnings before interest, tax, depreciation and amortization for the March quarter, according...

4/20/2020

article Ho rules out tax cut for casino operators
(Macau) -- Chief Executive Ho Iat Seng today ruled out a tax cut for Macau’s gaming operators. “There are no plans for reducing the tax,” Ho said...
article Macau will be in the red for first time since handover as gaming revenue plummets amid pandemic, its leader says
(Macau) -- Macau’s leader warned on Monday that the gambling hub would be in the red for the first time in two decades this year as the Covid-19 pandemic had...
article Public consultation re gaming law review in 2H20: Macau CE
(Macau) -- Macau’s Chief Executive, Ho Iat Seng (pictured), said on Monday that the city’s government is planning to launch in the second half of this year a...

4/19/2020

article Macau gaming tax take down 38pct in first quarter
(Macau) -- The Macau government has collected just over MOP18.48 billion (US$2.32 billion) in tax revenue from the city’s gaming industry in the first three months...
article Macau's Leader Warns of Over Reliance on Gaming Industry in Wake of COVID-19
(Macau) -- Macau's leader Ho Iat Seng said on Monday that the world's biggest gambling hub was too dependent on the casino industry, warning that the Chinese...

4/17/2020

article Gaming revenues in Macau fall by 60% in the first quarter of 2020
(Macau) -- Gross revenues from gambling activities in Macau totalled 30.635 billion patacas (US$3.829 billion), a drop of 60% compared with the 76.371 billion patacas...
article IAG spot count shows average 15 players on main gaming floors of 11 Macau IRs
(Macau) -- Macau’s biggest integrated resorts averaged just 15 players on each of their main gaming floors during any one afternoon this week, according to...
article Macau casinos may be open, but traffic remains almost nil
(Macau) -- After Macau was forced to shut down the city for a couple of weeks in February in order to curb the spread of the coronavirus, it hoped that a quick recovery...

4/16/2020

article Macau Is Now the Focus for Casino Giants
(Macau) -- A 79.7% drop in gambling revenue in the world's largest gambling market (Macao) is rarely seen as a good thing, but there are some small signs of hope for...
article Mass still made more than half Macau GGR in 1Q: govt
(Macau) -- The Macau government issued on Thursday data regarding the first-quarter market split between revenue from VIP baccarat, mass-market table games, and...

4/15/2020

article Galaxy Entertainment, Sands China Best Break Even Bets in Macau, Others Could Bleed Cash, Says Morgan Stanley
(Macau) -- First-quarter earnings updates from gaming companies aren’t rolling in quite yet, but when those reports arrive, they’ll assuredly contain gory...
article BLOG: Macao Is Now the Focus for Casino Giants
(Macau) -- A 79.7% drop in gambling revenue in the world's largest gambling market (Macao) is rarely seen as a good thing, but there are some small signs of hope for...

4/14/2020

article Survey suggests Macau visits are being postponed until next year
(Macau) -- Mainland visitors appear to be postponing their Macau travel plans by as much as 12 months, according to a survey conducted by a research unit of Morgan...

4/13/2020

article Macau Rebound Could Take Awhile, Analyst Sees 80 Percent Drop in Q2 Gaming Revenue
(Macau) -- Macau’s gross gaming revenue (GGR) recovery could take some time – perhaps until 2022 — before turnover there approaches levels seen in 2019...

4/8/2020

article Gaming operators on the outer as Macau government launches US$1.7 billion stimulus package
(Macau) -- The Macau SAR government announced on Wednesday a new MOP$13.6 billion (US$1.7 billion) fund for local residents, enterprises and employees, however gaming...
article Macau GGR might dip 37pct in 2020: Bernstein
(Macau) -- Macau casino gross gaming revenue (GGR) could see a 37 percent year-on-year contraction in 2020, followed by a “strong recovery” in 2021,...
article MGTO reveals MOP$50 million spend on Macau’s designated quarantine hotels
(Macau) -- The Macau government has already spent MOP$50 million (US$6.3 million) on the use of 12 hotels designated as quarantine venues for people entering or...

4/7/2020

article Analysts: Macau GGR down 87% year-on-year over first days of April
(Macau) -- Macau’s gross gaming revenue is estimated to be running at around MOP$500 million, or MOP$100 million per day, over the first five days of April, down...
article Macau gaming sector sees 58.7% decline in Suspicious Transaction Reports in 1Q20
(Macau) -- The number of Suspicious Transaction Reports (STRs) issued by Macau’s casino operators fell 58.7% through the first three months of 2020, according to...
article Macau Operators Could Experience April Showers With GGR Falling 95 Percent, According to one Estimate
(Macau) -- Just a week into April and it’s already becoming clear that the four month of 2020 could be one of the worst on record for Macau casino operators with...
article South Shore fighting to avoid liquidation, seizure of Macau’s THE 13 Hotel after bank demands full payment of HK$2.48 billion loan
(Macau) -- South Shore Holdings Ltd says it has applied to its bank for a “standstill” to prevent enforcement of security over THE 13 Hotel in Macau and...

4/6/2020

article Macau gaming doubtful transactions down 30pct 1Q: govt
(Macau) -- The Macau gaming sector’s total number of suspicious transaction reports (STRs) for the first quarter 2020 declined by 29.8 percent year-on-year. Such...
article Macau gaming non-res workers down 191 in Feb, March
(Macau) -- Macau has seen a net reduction of 191 non-resident workers employed in the local gaming industry during the months of February and March, according to figures...
article Macau Operators Will Need Some Help to Break Even This Year
(Macau) -- Macau’s six concessionaires can likely break even on an earnings before interest, taxes, depreciation and amortization (EBITDA) basis this year with $38...

4/4/2020

article Analysts Predict Macau Casino Revenue May Fall to Zero in April
(Macau) -- As bad as February and March were for casino operators in Macau, analysts think April will be even worse, and JPMorgan says gambling revenue could fall to...
article No plans to shut down Macau casinos again as government eyes return of IVS visas
(Macau) -- The Macau government will ask mainland China to resume issuing visas under the Individual Visit Scheme (IVS) as soon as the COVID-19 pandemic is deemed to be...

4/3/2020

article Macau Resists Closing Casinos Second Time, Will Press Beijing to Lift IVS Freeze
(Macau) -- With the the coronavirus outbreak forcing an array of travel restrictions, visits to Macau are falling to rock bottom levels, but officials in the Special...

4/2/2020

article Quarantines, border closures drop Macao gaming revenue 79.7%
(Macau) -- Coronavirus quarantines and border restrictions are continuing to take their toll on casinos in Macao. The region’s Gaming Inspection and Coordination...

4/1/2020

article Almost all bets are off: casino capitals Macau, Las Vegas slammed by virus
(Macau) -- The vast, glitzy gaming halls of Macau are open, but thousands of baccarat tables are empty. The world’s biggest gambling hub has barred entry to most...
article BLOG: Macau has a Guangdong problem
(Macau) -- Macau casino stocks are lower in early trading after gross gaming revenue fell 79.7% in the gambling mecca during March vs. -79.5% consensus.
article Macao Gambling Revenue Plunges a Worse-Than-Expected 80% in March
(Macau) -- Although casino operators such as Las Vegas Sands, MGM Resorts (NYSE:MGM), and Wynn Resorts were allowed to reopen their Macao resorts in mid-February...
article Macau casino revenue falls 80% year-on-year in March
(Macau) -- Macau gambling revenue fell sharply in March, though the re-opening of the Chinese autonomous region's casinos during the month led to a significant...
article "The degree to which online play can offset losses in traditional casino play will be limited"
(Macau) -- The Innovation Group and Innovation Capital have been following the novel coronavirus closely since it entered the global stage in mid-January, a work that...

3/31/2020

article Macau Gaming Revenue Falls 80% as Borders Tighten During Pandemic
(Macau) -- Macau gaming revenue dropped for the sixth straight month in March as casinos were slammed again by quarantines and border restrictions in China that kept...
article Macau's Gaming Revenues Tumble 80% in March, Hit by Coronavirus
(Macau) -- Gambling revenue in Macau plunged 79.7 percent in March on the year, the government said on Wednesday, as casinos reeled from a lack of visitors after the...
article Lawmakers call on casino operators to do more for diversification
(Macau) -- Some of Macau’s lawmakers called yesterday for gaming operators to do more to contribute toward the economic diversification of the city ahead of the...
article Macau casinos open for social, not biz reasons: consultant
(Macau) -- An industry consultant has suggested to GGRAsia that the reasoning for keeping Macau’s casinos open amid the ongoing Covid-19 crisis is now “...

3/30/2020

article Analysis | Gaming: Border entry restrictions thought to smother first signs of recovery
(Macau) -- New border entry restrictions implemented last week across the greater China region threaten to smother the first signs of recovery in yet another stress test...
article Coronavirus Fears Ease in China: Will Macau Gaming Rebound?
(Macau) -- Although the rest of the world is bearing the brunt of coronavirus, China — the place of origin of the outbreak — is gradually getting back to...
article Macau GGR to normalize in October as Morgan Stanley revises 2020 estimates down
(Macau) -- The sharp decline in gross gaming revenues currently being experienced by Macau’s operators will likely only stop in October, according to research...
article Occupancy rate of Macau’s five-star hotels at 10% in February as visitor arrivals hit record lows
(Macau) -- The occupancy rate of five-star hotels in Macau dropped to just 10% in February, according to figures from the Statistics and Census Bureau. Due to the COVID-...

3/29/2020

article Half Sands China Sheraton rooms for Macau govt amid virus
(Macau) -- Half of the 4,000 hotel rooms at the Sheraton Grand Macao hotel (pictured in a file photo) at the city’s Sands Cotai Central casino resort, have been...

3/28/2020

article Guangdong quarantine measures to further crush Macau GGR
(Macau) -- Macau gaming operators will likely see much of their remaining casino business vanish overnight after Guangdong Province announced on Thursday new quarantine...

3/26/2020

article Guangdong Group donates 600,000 surgical masks to Macau
(Macau) -- Junket operator Guangdong Group and its Guangdong Charity have donated 600,000 surgical masks to the Macau SAR government.
article Macau officials impose new casino restrictions on mainland China tourists
(Macau) -- The renewed limitations came as the region saw several new cases of COVID-19 after having been clear following the original coronavirus outbreak.
article SJM looking to respond to Chief Executive’s call for more Macau quarantine hotels
(Macau) -- Macau gaming concessionaire SJM says it is looking into mobilizing its hotel resources and hopes to provide at least one more hotel for the government to use...
article Hotel Royal Dragon for Macau quarantine, casino continues
(Macau) -- Hotel Royal Dragon, a three-star Macau property, has become the 10th local hotel to turn its facilities over to the Macau government – for an...

3/24/2020

article CE criticizes ‘unreachable’ casino operators for not offering quarantine facilities
(Macau) -- Chief Executive Ho Iat Seng has criticized Macau’s six gaming concessionaires for their unwillingness to allow their integrated resorts to be used as...

3/22/2020

article Las Vegas Is Closed But Casinos In Macau, China Have Reopened. Pandemic Wary Gamblers Are Now Offered Cash Cards To Show Up.
(Macau) -- Visiting Macau for the first time is like taking a time machine into the future. Some of the most outrageous and Orwellian-style skyscrapers fill this tiny...
article Macau welcomes just 250,000 visitors in month since casino re-opening
(Macau) -- Only 250,000 visitors arrived in Macau in the month after the resumption of casino gaming as entry restrictions continued to tighten amid the global COVID-19...

3/21/2020

article Can Las Vegas learn from Macau’s closure?
(Las Vegas) -- Nevada officials had a blueprint in Macau for stemming the spread of coronavirus. The faraway place with close ties to Las Vegas took swift action after...

3/19/2020

article 80% of Macau casino tables now operating under viral restrictions
(Macau) -- Macau casinos’ operations may slowly be getting back to normal but their financial performance is expected to be anything but normal for the foreseeable...
article Macau closes its borders to non-residents
(Macau) -- Macau closed its borders to all non-residents at midnight on March 17, with the exception of blue card holders and residents from greater China, after another...
article Macau Halves 2020 Gaming Revenue Forecast on Coronavirus Hit
(Macau) -- Macau, the world’s biggest gambling hub, is predicting a record drop in gaming revenue this year as casinos in the semi-autonomous Chinese territory...
article SJM Holdings Likely Delaying Opening of $5B Grand Lisboa Palace on Cotai Strip Due to Pandemic
(Macau) -- SJM Holdings is prepared to open its $5 billion Grand Lisboa Palace casino resort on the Cotai Strip at any moment, but may be forced to push back the grand...

3/17/2020

article Macau stimulus efforts no panacea to decline of gaming and tourism industries: economist
(Macau) -- A MOP$2.2 billion stimulus initiative providing all Macau citizens with a MOP$3,000 electronic consumption voucher will do little to revitalize the local...
article Macau to continue gaming floor guidelines but easing of border restrictions for mainland Chinese in sight
(Macau) -- All casinos in Macau must resume operations on 20 March as per a government directive following last month’s 15-day casino closure, but social...

3/16/2020

article Cotai IR launch looming large for SJM as VIP woes see share of Macau gaming market hit record low in 2019
(Macau) -- SJM Holdings booked a 12.5% increase in profit to HK$3.21 billion in 2019 on strong hotel income and lower gaming taxes, but the long wait to launch its Cotai...
article Macau records first new case of COVID-19 in over a month
(Macau) -- A 26-year-old South Korean non-resident worker was confirmed to be carrying COVID-19 on Sunday as Macau’s first confirmed case in over a month pushed...

3/10/2020

article Macau to face huge 2020 deficit as GGR falls off a cliff
(Macau) -- Macau could face a defecit of MOP48 billion ($5.99 billion) in 2020, according to the University of Macau Chair Professor in Accounting and Finance Jean Chen...
article Nearly half of all casino tables back in operation
(Macau) -- A total of 3,100 gaming tables have resumed operation since the reopening of casinos in February, representing 46% of the total number of tables. On February...
article Gaming and gambling employs over 58,000 people in Macau in 2019
(Macau) -- The gaming and gambling sector in Macau provided full-time employment to 58,225 people by the end of 2019, an increase of 1.7% on year, of which 25,459 were...

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