Saturday, September 25, 2021

Melco to repurchase $500 mln in shares over next three years

Melco Resorts has confirmed the launch of a share repurchase program, which will allow it to purchase up to US$500 million of Melco Resorts...

Macau to penalize 16 venues over air tests

Cheong U, secretary for social affairs and culture, said that 16 gaming venues will be required to reduce their smoking area after fall short...

UBS sees 5 percent drop in 2015 GGR as trends remain uncertain

UBS said it expects Macau gross gambling revenue to fall by 5 percent in 2015, with VIP revenue likely to drop 11 percent, partially...

Wynn Macau casino revenues fell 82% in 2020

Wynn Macau saw its casino revenues fall 82 percent in 2020 primarily due to adverse effects of the covid-19 pandemic, which saw its casinos closed in Macau for a 15-day period and subsequent reopening on a reduced basis in the year.
Macau general view

Macau eyes yuan-based stock exchange

Macau’s Monetary Authority is considering setting up a yuan-based stock market as part of the territory’s push to diversify its economy away from gaming, Reuters reports.

Coronavirus could impact Macau gaming if it worsens: Bernstein

There has been growing concern regarding the recent pneumonia outbreak in China, which may impact Macau’s gaming industry should it get worse, said Bernstein...
AGTech-Holdings buy Macau Pass

AGTech agrees to buy owner of Macau Pass for HK$778m

AGTech Holdings, a Chinese lottery supplier, said it has agreed to buy the owner of Macau Pass for a maximum of HK778 million to diversify its revenue streams.

Transact teams with APE for Asia distribution

TransAct Technologies said it has teamed with Asia Pioneer Entertainment to distribute its products in Asia, with a focus on Macau, the Philippines, Taiwan...

SJM to bring New Yaohan department store to Grand Lisboa

Macau casino operator SJM Holdings has announced a partnership with a subsidiary of its parent company in order to co-manage a department store to...

New resorts to propel Cotai divergence from Macau peninsula

The rising and waning tides that propel Macau's six casino operators in close harmony should experience more cross currents in 2016, Bloomberg Intelligence analysts...