Macau recorded its highest gross gaming revenue since January 2020 in March, totaling MOP12.73 billion ($1.57 billion), up 247 percent yearly but still down 50 percent compared to 2019.

Analysts at ratings agency Moody’s are expecting Macau’s gross gaming revenue this year to rise to just 45 percent of 2019 levels ‘because of the extent of deterioration during the pandemic, and strict regulations on junket operations that will constrain the VIP segment’.

The former operator of Casino Canberra, in Australia, Aquis Entertainment, has decided to close up shop after selling the casino property in January. The group notes that it plans to distribute the proceeds of the sale to shareholders and, if approved, delist from the Australian Stock Exchange and wind-up the company.

The operator of Macau’s Ponte 16 casino, Success Universe, saw a HK$287.07 million ($36.57 million) loss for 2022, dragged down by a HK$42.1 million ($5.36 million) loss from the group’s share in Ponte 16’s operations.

The LET Group has announced that it was successful in significantly lowering its loss for the year, totaling just HK$138.4 million ($17.63 million) compared to HK$258.3 million ($32.9 million) in 2021. It says it now plans to focus its efforts on the Philippines.

Ratings agency Fitch has affirmed its Hong Kong outlook at ‘AA-‘, with a stable outlook, estimating that the SAR’s economy will rebound by 4 percent this year.

Pachinko parlor operator Okura Holdings has announced that it will be placing an additional HK$20 million ($2.55 million) in shares on the market in order to purchase more pachinko and pachislot machines and renovate its current pachinko halls.

South Korean gaming operator Shin Hwa World has announced that it was successful in narrowing its loss for last year, registering a HK$216.91 million ($27.63 million) loss, as compared to a HK$1.05 billion ($134.4 million) loss in 2021.

Wynn Macau’s mass gross gaming revenue (GGR) is likely to grow up to 10 percent from 2019 levels in 2024, says Deutsche Bank, equating to growth from $2.72 billion to $2.99 billion.

Sands China’s President and Executive Director has noted that Macau will need to increase its hotel room supply in order to fully leverage its MICE capabilities and work towards a non-gaming mix similar to that of Las Vegas.