Tuesday, April 7, 2020

Macau

Macau April GGR trending for 95% drop: Bernstein

Macau’s gross gambling revenue is currently on track to be virtually wiped out in April, with no visibility as to when the situation will improve, according to Bernstein Research.

Macau Q1 suspicious transactions fall

Macau saw a drop in the number of suspicious transactions reported in the first quarter, mainly due to a decline from the gaming sector.

Final public transportation link between Macau and Hong Kong severed

All public transportation links between Macau and Hong Kong are now severed as the bus service over Hong Kong-Zhuhai-Macau Bridge has been ordered to...

Coronavirus live updates: Singapore IRs suspending operations until May 4

The latest news and updates on the COVID-19 (coronavirus) - with regularly updated information relating to new cases, travel restrictions and other information to...
Secretary for Economy and Finance, Lei Wai Nong

Macau operators not conducting mass layoffs, casinos to remain open

Macau’s Secretary for Economy and Finance, Lei Wai Nong, has said so far gaming operators are not laying off staff and the government hoped to ask for the lifting of the individual visit scheme once the Covid-19 situation stabilizes.

VIP to lead recovery, but no reprieve in the near term

VIP gamers are expected to lead the recovery in Asia, but there is still no clarity as to when the markets will improve, with...
Melco CEO Lawrence Ho

Melco grants shares worth $19m to CEO Lawrence Ho

Melco Resorts & Entertainment has granted restricted shares worth about $19.3 million to CEO Lawrence Ho, in part to preserve its cash position during the Covid-19 crisis.
macau-gaming-table

No immediate liquidity concerns for Macau operators

Macau’s six operators have enough liquidity for the next six months before they are likely to need to draw on debt financing, Bernstein Research reported.

Macau March GGR drops 80 percent, April seen worse

Macau’s gross gambling revenue tumbled 80 percent in March, in line with expectations, with April likely to see an even greater drop due to tighter travel restrictions.

Ponte 16 investor reports 2% gain in 2019 revenue

Success Universe, an investor in Macau’s Ponte 16, said group revenue for 2019 gained two percent to HK$1.14 billion ($147 million).

TRENDING ARTICLES

Coronavirus live updates: Singapore IRs suspending operations until May 4

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

Macau closes borders after new infections

Macau closed its borders to all non-residents as of midnight on March 18, with the exception of blue-card holders and residents from greater China, after another case of imported Covid-19.

New Macau Covid-19 case may dent travel easing hopes: Bernstein

Macau has reported its first new Covid-19 case in a month, which may delay plans to begin easing travel restrictions to the territory, Bernstein Research says.

Australia casinos expected to join global closures this week: JPM

Australia’s casinos are expected to be forced to close their doors later this week, prompting analysts at JP Morgan to slash their earnings forecasts for the operators.

Tokyo goes under soft lockdown

Tokyo Governor Yuriko Koike announced on Wednesday night a series of measures that amounted to a soft lockdown of the Tokyo Metropolitan District. The governor...