Macau's Chief Executive Ho Iat Seng says that his government is in talks with authorities in neighbouring Guangdong province on ways to improve mobility, such as mutual recognition of vaccination certificates.
Analysts at Bernstein are expecting a slow recovery of the in-person meetings and events industry, with visitation levels from this subset to return at 2023 at the earliest.
Whilst first quarter GGR in 2021 still showed negative year-on-year growth, the truth is that the Macau gross gaming revenue recovery is well and truly underway.
Melco Resorts & Entertainment’s Chief Sustainability Officer, Denise Chen, speaks with Asia Gaming Brief Managing Editor Sharon Singleton about some of the initiatives the group’s integrated resorts are taking to reduce their impact on the environment. She explains that what’s good for the planet can also pay off on the bottom line.
Moody’s Investors Service has completed a periodic review of Macau’s three U.S. operators, commenting that liquidity is relatively good and their long-term prospects are credit solid despite the hit from Covid.