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Top stocks to play a potential casino comeback as Macao reopens

Investors are spinning the wheel on casino stocks again. MGM Resorts, Las Vegas Sands and Wynn Resorts were all higher Wednesday as pressure tied to the coronavirus outbreak lessened. Operations in major gambling hub Macao, off the coast of China, will reopen Thursday after being shuttered earlier this month.

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Macau Gaming

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...

3/9/2020

article Macau encourages operators and junkets to avoid layoffs
(Macau) -- Macau concessionaire employees have one less thing to worry about as their industry is crushed by the ongoing effects of the COVID-19 coronavirus. Although...
article OP/ED: Bag of tricks
(Macau) -- The government launched an array of measures at the end of January in an attempt to control the spread of the novel coronavirus (COVID-19), including a 15-day...

3/8/2020

article Macau gaming tax take down 12pct in Jan-Feb
(Macau) -- The Macau government has collected just above MOP17.23 billion (US$2.15 billion) in tax revenue from the city’s gaming industry in the first two months...

3/7/2020

article Rise in Macao revenues showcases roulette’s worldwide appeal
(Macau) -- Throughout the history of casino gaming, roulette has been the centerpiece of the hall. The wheel of red, black, and green, accompanied by a table of numbers...

3/6/2020

article Just 50k visits to Macau in 9 days as casinos reopen: police
(Macau) -- In the nine days from the reopening of Macau’s casinos on February 20, the city welcomed in total fewer than half the tally of tourists it received on...
article “Top 5” junket re-hires 200 laid-off staff after DICJ sends warning letter to Macau gaming operators
(Macau) -- Macau’s gaming regulator, the DICJ, has written to the city’s gaming operators demanding they refrain from laying off workers after it was...

3/5/2020

article Analysis | Macau facing worst recession because this time China can’t help
(Macau) -- From early 2014 to early 2015, Macau went from being one of the fastest growing economies in the world to one of the slowest. A crackdown on corruption...

3/4/2020

article Macau Implementing Safeguards to Curb Problem Gambling Among Locals
(Macau) -- Gambling addiction among Macau locals continues to increase, prompting the enclave government to implement new protections to curb casino access for tens of...

3/3/2020

article Rich Goldman seeking new Macau partners after remaining junket operator ends Grand Lisboa deal
(Macau) -- Hong Kong-listed junket investor Rich Goldman Holdings is searching for a new Macau junket operator after parting ways with its one remaining operator, Hoi...

3/2/2020

article COVID-19 Sends Macau Casino Revenue Plunging 88% in February
(Macau) -- Macau casinos suffered a massive blow from COVID-19, the coronavirus that has infected thousands of people worldwide, after being forced to close for 15 days...
article Las Vegas Sands, Wynn Favored by Analyst Despite Bleak Near-Term Macau Backdrop
(Macau) -- On Sunday, the Macau Gaming Inspection and Coordination Bureau (DICJ) said gross gaming revenue (GGR) there plunged a whopping 87.8 percent last month due to...
article Macao casino coronavirus closures result in 87.8% decline in revenue
(Macau) -- Gross gaming revenue plunged 87.8 percent from a year ago in February in Macao, the Gaming Inspection and Coordination Bureau reported Sunday. The massive...

3/1/2020

article Macau gaming revenues fall 87.8% in February following casino closures
(Macau) -- Macau’s casino industry experienced an 87.8% decline in gaming revenue during February as the gaming market with grappled with travel restrictions and a...
article Macau GGR down 88pct in Feb amid casino shutdown: DICJ
(Macau) -- Macau casino gross gaming revenue (GGR) declined by 87.8 percent in February in year-on-year terms, negatively impacted by a 15-day shutdown ordered by the...
article Aristocrat donates 50,000 face masks to Macau community
(Macau) -- Aristocrat Technologies Macau Ltd – the Macau subsidiary of Australia-based Aristocrat Leisure Ltd – has donated a total of 50,000 protective face...

2/29/2020

article Macau Gaming Revenue Suffers Record Plunge From Virus Blow
(Macau) -- Casinos in Macau, the Chinese territory that’s the world’s biggest gambling hub, reported a record drop in gaming revenue, as they grappled with...

2/28/2020

article Macau Economy Shrinks by Most Since 2016 as Casino Revenue Falls
(Macau) -- Macau’s economy contracted by the most in almost four years in the fourth quarter, even before the coronavirus outbreak forced its casinos to shut down...
article Macro-economic pressures see Galaxy Entertainment Group revenues fall 8.4% in 4Q19
(Macau) -- Galaxy Entertainment Group (GEG) reported an 8.4% year-on-year decline in net revenue to HK$13.0 billion in the three months to 31 December 2019, although the...

2/27/2020

article Four more casinos open their doors as Macau entertainment venues given green light
(Macau) -- Sands Cotai Central, Rio Hotel and Casino, Oceanus and Casino Eastern have all re-opened this week, taking the total number of casinos in Macau to resume...

2/25/2020

article Casino workers mandated to wear health masks until March
(Macau) -- The Health Bureau has extended a measure mandating that all casino workers must wear health masks during working hours until March 22. The measure had...
article Macau GGR Terrible in February, Not Much Better Next Month
(Macau) -- Macau casinos reopened last week after being shuttered for 15 days due to the novel coronavirus outbreak, but analysts are forecasting epic declines in gross...

2/24/2020

article 33 Macau casinos now open but business anything but usual
(Macau) -- Nearly all Macau casinos have reopened their doors following the coronavirus-related shutdown, although no one expects things to be back to normal for many...
article Casino Investors Say 'No Dice' to Gambling Stocks With Macau Exposure
(Macau) -- Investors were walking away from casino operators that have exposure to Macau due to continued worries about the spread of the deadly coronavirus.

2/22/2020

article Coronavirus hit on casino stocks a buying opportunity
(Macau) -- One of the hardest hit by the coronavirus jitters is the lucrative casino and gaming industry of Macau, the only region in China with legalized gambling. The...
article Macau to be very quiet for quite a long time: Lawrence Ho
(Macau) -- Macau’s gaming industry is likely to take “quite a long time” to recover from the sharp contraction it is facing related to the novel...

2/21/2020

article Sands China names Grant Chum new COO, Wilfred Wong to retain role of President
(Macau) -- Sands China Ltd has signaled a changing of the guard within its executive leadership team after appointing Chief of Staff Grant Chum to the role of Chief...

2/20/2020

article Coronavirus: Macau casinos reopen to sparse crowds as punters hedge bets despite new health precautions
(Macau) -- Macau casinos were back in action on Thursday, though gaming floors were eerily quiet and largely empty, with the few gamblers on hand sitting far apart under...
article OP/ED: The life and death of a gaming concession
(Macau) -- A gaming concession, like anyone, has a life cycle. At its origin is a decision to legalize the operation of gaming, taken by a certain jurisdiction. Such...

2/19/2020

article 29 of Macau’s 41 casinos to reopen tonight
(Macau) -- Macau’s gaming industry will reopen its doors tonight after its 15-day shutdown by the government as part of the authorities’ fight against the...
article Gamblers missing as 29 Macau casinos reopen
(Macau) -- A large crowd of journalists huddled in front of the main casino entrance at the Grand Lisboa last night hoping to snap a photo of the first gamblers since an...
article Only masked punters: Macau casinos reopen after coronavirus suspension
(Macau) -- Casinos in Macau, the world’s biggest gambling hub, reopen on Thursday after being closed for two weeks because of the coronavirus epidemic, but all...
article Top stocks to play a potential casino comeback as Macao reopens
(Wall Street) -- Investors are spinning the wheel on casino stocks again. MGM Resorts, Las Vegas Sands and Wynn Resorts were all higher Wednesday as pressure tied to the...

2/18/2020

article Macao casinos set to reopen after being shuttered amid coronavirus outbreak
(Macau) -- Dozens of casinos in Macao, the world's biggest gambling hub, are expected to reopen on Thursday. Li Weinong, the secretary for economic affairs and...
article Macau casinos ‘phased reopening’ to match guest demand
(Macau) -- Macau casinos may have received permission to reopen to the public after the coronavirus scare, but the casinos don’t appear all that interested in...
article No more than half of Macau’s gaming tables allowed to operate, players limited to four per table once casinos re-open: Macau governmen
(Macau) -- Macau’s casino operators have been instructed to implement a series of new safety regulations and restrictions to their gaming floors upon re-opening...

2/17/2020

article Casinos permitted to apply for 30-day closure extension
(Macau) -- Macau casino operators have been told to reopen at the stroke of midnight Thursday unless they apply for a grace period considering themselves not ready to...
article Macau Casinos Set to Reopen Thursday After Virus Shutdown
(Macau) -- Casinos in the world’s biggest gambling hub were cleared to resume operations on Thursday, following an unprecedented closure for 15 days to curb the...
article Macau casinos to reopen on Friday, Chinese official says
(Macau) -- Macau casinos owned by Wynn Resorts Ltd., MGM Resorts International and Las Vegas Sands Corp. are set to reopen Friday after a 15-day closure imposed to help...

2/14/2020

article Macao gambled on a costly casino shutdown. It may emerge a winner from coronavirus.
(Macau) -- Visitors arriving in this gaudy Chinese gambling hub are hit with text messages promoting its draw cards: celebrity-chef-branded restaurants and dazzling...

2/13/2020

article Macau still “cautiously” evaluating resumption of casino industry
(Macau) -- The Macau SAR Government is staying non-committal on whether the city’s gaming industry will resume normal operations on 20 February. The Secretary for...
article The Coronavirus Is About to Wreck Macao's Casinos
(Macau) -- Macao is a ghost town. The only place where it's legal to gamble in China has been shut down for two weeks as government officials try to gain control of...

2/12/2020

article Diversify or Die: Coronavirus and Expanded Asian Market Competition Pose Threats to Macau Gaming
(Macau) -- As the mainland China coronavirus death toll continues to skyrocket past the 1,000-victims mark this week, Macau’s casinos have taken drastic measures to...
article Wynn, Las Vegas Sands Upgraded at B of A as Coronavirus Concern Abates
(Wall Street) -- Shares of Wynn Resorts and Las Vegas Sands are higher after the casino companies were upgraded by Bank of America analysts as concern about the impact...

2/11/2020

article Macau Casino Closure Scheme Faces Shortening Extension Odds
(Macau) -- On Feb. 4, Macau Chief Executive Ho Iat Seng announced the Special Administrative Region’s (SAR) gaming properties would be shuttered for 15 days to...

2/10/2020

article Coronavirus shutdown costing Macao’s gaming industry $100 million a day. Why are casinos OK with that?
(Macau) -- The A-Ma Temple is ordinarily the first stop in the morning for buses filled with Chinese tourists, who flock to the 500-year-old site to light incense and...
article Macau Gaming, Junket Operators Chip in $22.5 Million for Coronavirus Cure, Well Behind Gates’ $100 Million
(Macau) -- With the lifeblood of Macau’s economy shut off due to the new coronavirus, gaming and junket companies want a solution, and are donating nearly $22.5...
article Consumer Cos Up As Airlines, Casinos Stabilize After Virus Fears — Consumer Roundup
(Worldwide) -- Shares of retailers and other consumer companies rose on diminished fears about the coronavirus outbreak. Shares of some of the casino chains and airlines...

2/9/2020

article Ghost Town
(Macau) -- The closure for all casinos for at least half a month and the plunge in the visitation in view of the outbreak of the novel coronavirus will take a toll on...
article Macau Casinos Shuttered
(Macau) -- The Macau government’s decision last week to close the territory’s 41 casinos could hammer first quarter gaming revenues by 50 percent

2/8/2020

article Casinos Lose Millions and Ditch Deals as Virus Shuts Down Macau
(Macau) -- The lights of the Casino Lisboa, a landmark of Macau’s nighttime skyline, have gone dark. The SJM Holdings Ltd. casino turned them off on the first day...

2/7/2020

article Casino Operator Wynn Resorts Is Losing Up To $2.6 Million Per Day From Coronavirus Shutdown
(Macau) -- Wynn Resorts, which operates high-end hotels and casinos around the world, said in its latest earnings call that it was losing as much as $2.6 million per day...
article City of Dreams Macau offers hotel refunds up to Feb 29
(Macau) -- Two Macau casino resorts promoted by Melco Resorts and Entertainment Ltd – City of Dreams Macau and Studio City – have posted notices on their...

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