Thursday, October 29, 2020

Macau

Sands China hit with US$562 million loss in Q3

Sands China reported a net loss of US$562 million in Q3, with net revenues falling 92.1% year-on-year to US$167 million. Group-wide operating losses were US$610 million with an 82 percent decline in net revenues.

Macau operators’ Q3 EBITDA loss to narrow to US$823 million

Macau's six operators are expected to post a collective EBITDA loss of $823 million for Q3, improving from a loss of $1 billion in Q2, according to a Bloomberg poll of analysts.

All Macau gaming workers could face additional Covid-19 tests

Macau’s 53,000 gaming sector workers could be asked to undergo another round of Covid-19 tests, local health authorities indicated.
Macau Casino Dealer

Coronavirus live updates: Macau gaming workers to face more Covid-19 tests

The latest news and updates on the Covid-19 (coronavirus) - with regularly updated information relating to new cases, travel restrictions and other information to...
LVS to kick off Q3 earnings, with narrower loss expected

LVS to kick off Q3 earnings, with narrower loss expected

Las Vegas Sands will be the first of the major operators to report its Q3 results on Wednesday, providing a snapshot of how the recovery process from the pandemic is faring in three major gaming jurisdictions.

Rich Goldman announces resignation of executive director

Hong Kong listed junket promoter, Rich Goldman Holdings, has announced the resignation of Executive Director So Wai Yin.

Macau operator shares likely to improve: Deutsche Bank

Shares in Macau's casino operators are likely to see continued improvement as traffic trends and gross gambling revenue performance improves, analysts at Deutsche Bank said.

Macau visitor numbers seen falling 87% in 2020: MGTO

Macau’s visitor tally for 2020 could see a year-on-year decline of over 90%, having already witnessed a decline of 87% in the first eight months, according to the Macau Government Tourism Organization.

Mixed views as to whether Macau will be on China’s blacklist

Analysts hold mixed views as to whether China's plans to criminalize those jurisdictions luring its nationals to gamble will include Macau, with some concerned that the junkets at the very least might be in Beijing's crosshairs.

Macau gambling tax collection down 72.7% through September

The Macau Government nine-month tax revenue from the gaming industry fell 72.7 percent from the same period a year ago to MOP23.4 billion. That's 46.8 percent of the amount the government had projected to collect.

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Bloomberry Foundation and the Philippine Amusement and Gaming Corp said they have completed the capital region’s largest quarantine facility for Covid-19 patients.
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Puducherry government urges blanket ban on online gambling

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The Puducherry union territory government has urged the union government to ban online gaming platforms and mobile apps, describing it as a necessity to protect the mental health of vulnerable people.
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