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Your Daily Asia Gaming eBrief: Macau-China quarantine free travel resumes

Quarantine-free travel between Macau and the Mainland resumed last night but arguably with little impact on casino gaming operations in the short term.

Parent STDM extends SJM HK$2B “disappointing” loan to support Macau tender  

SJM Holdings Limited announced Wednesday that STDM agreed to extend an unsecured term loan of HK$2 billion in terms J.P. Morgan classifieds as disappointing. 

MGM China posts $52m loss on 2Q22 from Macau travel restrictions

MGM China posted and EBITDA loss of $52m for 2Q22, compared with a positive $9 million the previous quarter as Macau travel and entry restrictions severely impacted operations.

Macau-China quarantine-free travel to have limited impact in the casino industry

Macau-China quarantine-free travel to have limited impact on gaming demand as the easing restrictions will only appeal to essential travelers, J.P. Morgan argues. 

Your Daily Asia Gaming eBrief: Macau July zero GGR a non-event

A “non-event” is how brokerage J.P. Morgan described Macau’s near-zero GGR for July, given the city remained isolated throughout.

Macau near-zero July GGR a non-event, outlook remains bleak: J.P. Morgan

Macau July GGR was virtually non-existent, constituting a non-event, writes leading brokerage J.P. Morgan, reiterating that business is to remain bleak until visitors regain confidence to visit again.

Your Daily Asia Gaming eBrief: Ink runs on Macau tender

Some much-needed good news in Macau’s slower-than-hoped-for rate of awakening: as of Tuesday, restrictions on bars, restaurants and salons will be lifted!

Macau concession bidding to start Friday, run to Sept. 14

The public tender for Macau’s six gaming concessions will begin on Friday and run through to Sept. 14, with all bidders required to pay a minimum MOP10 million deposit ($1.2 million).

Macau gaming law designed to restrict industry size: legal expert

Macau’s new gaming law is specifically designed to restrict the size of the industry, writes gaming law expert Nelson Rose in a blog entitled “Macau’s Distressing New Casino Laws.”

Macau sets up committee to oversee concession tender process

Macau’s Chief Executive Ho Iat Seng has issued an instruction to set up the committee that will oversee the tendering process for the city’s six casino concessions.