Macau

he Macau Government Tourism Office (MGTO) says it's lifting the suspension on group tour arrangements starting Saturday, after a hiatus following Typhoon Hato.

Macau junket operator, Suncity Group Holdings, reported a significantly higher loss for the six months ending June 30, mainly due to legal costs and a change in the fair value of derivatives.

China Star Entertainment, operator of Hotel Lan Kwai Fong in Macau, saw its loss widen by 225 percent to HK$127.1 million (US$16.2 million) for the six months ended June 30, 2017, compared to the prior year period.

Macau casino operator SJM Holdings, in close coordination with the government, has initiated a series of welfare and support services for its staff members and the public at the wake of Typhoon Hato on August 24.

The aftermath left by Typhoon Hato and Pakhar may cause a weaker GGR result for August, but will not have any permanent impact, say Morgan Stanley analysts.

Macau's casino operators have been seen contributing to relief efforts following Typhoon Hato, which battered the gaming hub last week.

Hong Kong and Macau may be hit with another tropical storm, with residents already on edge following the destruction caused by Typhoon Hato on Wednesday.

Neptune Group Ltd is proposing to change its English name to “Rich Goldman Holdings Ltd.

Details continue to emerge over the aftermath of the Category 10 typhoon which struck Macau and Hong Kong yesterday, causing severe flooding and damage to properties in the region.

The average earnings of employees in the gaming sector rose 4.6 percent year-on-year in June 2017 to MOP 23,080 (per month).

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