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Macau border (file)

Visitation improving but lack of IVS limits gains: Bernstein

Macau has seen improved visitation since the easing of travel restrictions with Mainland China, though progress is slow and a V-shaped recovery is not expected, Bernstein Research said in a note.

Leisure & Resorts World Q1 profit drops 19% on lockdown

Leisure & Resorts World Corp, which operates bingo parlours and online gaming in the Philippines, reported a drop of 18.9 percent in gross profit in the first quarter, due to Covid-19 mandated lockdowns.

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.

Economic toll deepens, but underlying optimism intact

The Coronavirus, now renamed as Covid-19, has devastated the near-term outlook for Asia’s casino operators, though analysts still expect demand to snap back sharply once the outbreak is under control. The big question is when that might be.

Melco abandons Crown stake purchase, cites Coronavirus

Melco Resorts & Entertainment said it’s dropping its plans to buy a second tranche of shares in Australia’s Crown Resorts, citing the economic impact of the Coronavirus on the region.

Coronavirus hits industry, but underlying demand seen strong

Looking at the Chinese New Year visitation figures for Macau, it’s difficult not to be pessimistic about the near-term outlook for gaming in Asia, though analysts say underlying demand remains strong and there is likely to be a snap back once the situation improves.

Melco Q3 revenue gains, with mass at record

Melco Resorts & Entertainment reported a 16 percent gain in Q3 revenue helped by a strong performance at City of Dreams Macau and a record performance from the mass market and slots.
Macau border (file)

Macau Sept. tourist arrivals gain, overnight guests decline

Tourism arrivals showed strong growth into Macau in September, though government data shows the biggest gains were in the lower spending day tripper category.
Star Vegas

Donaco swings to profit on Vietnam, cost controls

Donaco International said it swung to a profit in the September quarter, helped by a strong performance from its property in Vietnam and reduced costs.

VIP GGR tepid in Golden Week: Bernstein

VIP play was tepid through the key Golden Week holiday in Macau and is likely to remain so for the rest of the month as trade tensions pressure Mainland China’s economy, analysts at Bernstein said.

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