Friday, March 29, 2024

Search Results

Macau five-star hotels’ occupancy rate close to 90 percent in February

Five-star hotels in Macau were the most occupied among all accommodation types, with occupancy rates reaching 89.1 percent in February, according to information from the Statistics and Census Service (DSEC).

Macau casino employee arrested for falsifying membership points fraud

A Macau casino supervisor and an accomplice have been arrested by police for cheating the casino out of HK$97,000 ($12,400) by falsifying membership points.

Macau gaming resilient with mass GGR at 110%-115% of 1Q19 levels: UBS

Macau’s gaming industry has shown resilience in a seasonal low month, with its mass gross gaming revenue (GGR) still at 110-115 percent of 1Q19 levels, says UBS.

Wynn Macau grants shares to 151 employees and one executive director

Macau gaming operator Wynn Macau has granted 151 employees and executive director Frederic Jean-Luc Luvisutto the option to subscribe for an aggregate of 6,977,787 ordinary shares of HK$0.001 each.

Macau junkets protest against being banned from issuing gaming credit

Macau junkets wrote a letter to the city’s Legislative Assembly to express their opposition to being banned from issuing gaming credit.

Daily Asia Gaming eBrief: Dividends not on the radar for Macau operators: brokerage

The rising tide may not lift as many ships as gaming operators may have wanted, with Macau concessionaires loath to give out dividends as they seek to recoup the losses from COVID.

Regulator urges Macau casinos to implement ‘comprehensive’ management via technology

In a recent meeting with Macau gaming operators, the casino regulatory body in Macau, the Gaming Inspection and Coordination Bureau (DICJ), urged them to update their monitoring systems on the gaming floor. The aim is to implement 'comprehensive management through technology’.

Macau operators’ dividend delay, deleveraging still a priority

Five out of six gaming operators in Macau are unlikely to resume dividends by 2025, though Sands China and MGM China seem to be in a better position than others, according to calculations by Morgan Stanley.

Vietnam urges Macau to ease visa regulations

The Consul General in Hong Kong and Macau (China) has proposed that Macau implement measures to revive and broaden bilateral tourism, such as easing visa regulations for Vietnamese travelers.

Refurbished border to Macau reopens, capable of passing 350k daily

The refurbished border checkpoint Gongbei, linking mainland China and Macau, reopens today.