Saturday, July 4, 2020

Macau

Wynn Macau issues US$750 million senior notes

Macau casino operator Wynn Macau has announced the issuance of US$750 million 5.5 percent senior notes due 2026. Net proceeds from the notes offering is...

Wynn Macau sees EBITDA breakeven at 45-50 percent of former GGR rate

Wynn Macau said it expects the VIP and premium segment to lead the recovery and forecasts to be able to break even on an adjusted property EBITDA basis once gross gambling revenue returns to between 45 percent and 50 percent of its prior run rate.

Suncity chair eyes further Asia expansion

Suncity Group Chairman Alvin Chau says he expects his company to hold a portfolio of integrated results in all major jurisdictions across Asia in a few years, “rivalling peers ahead” of the company today.

New DICJ head pledges better use of technology

The new head of the Gaming Inspection and Coordination Bureau (DICJ), Adriano Marques Ho, has pledged better use of technology at the casino regulator,...

Success Dragon reshuffles its leadership team

This week Ding Lei, who has served as Success Dragon’s chairman of the board and CEO since last September, has been joined in the...

Macau government to launch special Hong Kong airport ferry service

The government of Macau has announced that it will launch a special ferry service between Taipa Ferry Terminal and Hong Kong International Airport beginning...

South Shore deputy chairman resigns after shareholder request

Hong Kong-listed South Shore Holdings Limited has announced the resignation of Mr. Lau Tom Ko Yuen as deputy chairman and executive director of the...

Frank McFadden appointed SJM COO

Frank McFadden has been appointed Chief Operating Officer for Gaming and Hospitality of SJM Holdings, replacing the recently-resigned Ng Chi Sing. According to an internal memo...

SJM COO Ng Chi Sing steps down

Following its annual board meeting on Tuesday, SJM Holdings has announced the resignation of Ng Chi Sing as chief operating officer and executive director,...

Grind mass to suffer most from new normal: MS

Social distancing rules under the “new normal” will impact grind mass business most, due to the restriction of three gamblers per table, according to...

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Donaco granted reprieve from its principal lender

Donaco International Limited has announced that its principal lender, Mega International Commercial Bank has agreed to the deferral of the US$5 million principal payment...

G2E Las Vegas to go ahead as planned

G2E Las Vegas will be one of the first major gaming exhibitions to run in 2020 since the global coronavirus lockdown.  In a press release,...

Habanero cooks up a feast with Hey Sushi

Premium slots and table games provider Habanero has launched its latest immersive slot title, Hey Sushi. Set to be one of Habanero’s summer highlights, this...