Monday, July 6, 2020

Macau

Kingston Financial sees 13% drop in 2020 revenue

Kingston Financial, which operates casinos in Macau under SJM Holding’s license, reported a 13 percent decline in revenue for the year ending March 31, with income from its gaming division declining.

Macau sees worst monthly performance since crisis

Macau’s gross gambling revenue plunged 97 percent in June, its worst monthly performance since the Covid-19 crisis began.

Tough times for Macau non-resident workers

During Macau’s casino closures, a total of 2,141 employment permits for non-resident workers were canceled, according to the Macau government, as reported by Lusa.  DSAL...

Coronavirus live updates: Hong Kong extends Covid-19 quarantine measures to August 7

The latest news and updates on the Covid-19 (coronavirus) - with regularly updated information relating to new cases, travel restrictions and other information to...

South Shore reports annual revenues up 16 percent

South Shore Holdings has reported to the Hong Kong Stock Exchange that its revenues for the year ending March 31, 2020, amounted to nearly...

Macau five-star hotel occupancy down 85 percent in May

Information released by the Statistics and Census Service (DSEC) indicated that occupancy in the territories’ five-star hotel stood at only 5.5 percent in May,...

Macau reports first Covid-19 case since April 8

Macau has reported an imported case of Covid-19, its first case since April 8th.

APE to start sports business in Macau

Asia Pioneer Entertainment, an electronic gaming equipment company, said it plans to begin a sports and sports-related entertainment business in Macau to diversify its income stream.

Macau’s Chinese lottery swings to profitability in 2019

Chinese lottery concessionaire Sociedade de Lotarias Wing Hing Limitada has reported MOP303 million (US$39.4 million) in retained earnings for 2019, compared to the MOP15.6...

Macau Jockey Club loses US$188 million in 2019

The Macau Horse Racing Company, operator of the Macau Jockey Club, has reported MOP1.5 billion (US$188 million) in losses for the year 2019. The enterprise...

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Australia likely to keep borders closed until next year

Australian tourism minister Simon Birmingham on Wednesday said it was “likely the case” that the ban on overseas travel will be extended to 2021,...

Macau SLOT sees 30% profit drop in 2019

Macau SLOT reported a 30 percent drop in profit for 2019 to MOP154.8 million ($19.3 million), according to Macau Business.

Singapore GGR may take years to fully recover: Bernstein

Bernstein Research issued a note on Monday anticipating a slow recovery for Singapore’s casinos once they reopen on July 1, with GGR unlikely to...