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.
South Shore Holdings, the owner of the ultra luxury The 13 hotel in Macau, said it has sold off one of its customised Rolls Royce Phantom cars for HK$3.4 million ($449,664) to help with cash flow.
The Macau gaming industry is responsible for 62 percent of the territory's carbon emissions, according to a university study indication emissions have been rising sharply.