Marcatori archivi: Macao
China – Macau’s revenues drop by more than half in second quarter
Revenues at Macau’s casinos fell by 52 per cent quarter to quarter during the second quarter of the year coming in at $1.03bn, according to data published by the Gaming Inspection and Coordination Bureau (DICJ). Five casinos closed during the period due to new laws on satiliette licences taking the region’s total down to 37. Following…
Cina – Il mercato di massa di Macao scenderà al 30% dei livelli di fatturato del 2019
With Macau’s casinos being forced to close for at least another five days to stop the spread of COVID, the SAR’s Secretary for Administration and Justice, André Cheong Weng Chon, has confirmed that a longer ‘consolidation period’ was set to be enforced. Moody’s Investors Service has already moved to slash mass market revenue for the…
Cina – Macao chiude i suoi casinò mentre il COVID riprende il sopravvento
Macau’s casinos are now shut again with COVID cases in the SAR spiking. The Government has officially ordered the closure of all commercial and industrial businesses for the next week, with limited exceptions for “essential services.” Secretary for Administration and Justice, André Cheong Weng Chon said: “Supermarkets will continue to open, and daily necessities for…
Cina – L’epidemia di COVID farà crescere vertiginosamente le entrate di Macao
A COVID outbreak in Macau has seen analyst Sanford C. Bernstein drop its June forecast for GGR which is now expected to be 91 per cent less than June 2019 with average daily revenue (ADR) down 31 per cent on May 2022. Prior to the outbreak which is now believed to have affected 36 people…
Macau: Arresting the fall
Rui Pinto Proença, Managing Partner of MdME, an international law firm with offices in Macau, Hong Kong and Lisbon, will discuss the market freefall taking place in Macau at the IAGA Summit in Boston. Summarising the debate, Mr. Proença outlines the difficulties facing the former ‘darling of the gaming industry.’ Once the world’s largest casino…
China – Melco announces launch of Super Fun Zone at Studio City promoting economic diversification in Macau
Promoting economic diversification in Macau, Melco is excited to announce the launch of Super Fun Zone at Studio City. Expected to open at the end of June 2022, Super Fun Zone is the new, family-friendly entertainment experience that will further complement the hospitality offerings of the fun-filled Studio City. Super Fun Zone’s 29,600 square foot…
Cina – Golden Dragon chiuderà quattro casinò satellite
Il Golden Dragon Group di Macao chiuderà quattro dei suoi casinò satellite entro l'estate a causa delle affermazioni secondo cui tali operatori si sentono "senza speranza verso il futuro". I quattro casinò sono in parte di proprietà dell'ex legislatore Chan Meng Kam. Casino Golden Dragon, Royal Dragon e Casino Million Dragon operano tutti tramite una licenza di gioco detenuta da SJM Holdings mentre...
Cina – Sette casinò satellite potrebbero chiudere a Macao quest’estate
Sette casinò satellite a Macao, pari a circa il 40% del mercato, probabilmente cesseranno le operazioni entro l’estate a causa delle nuove regole per le richieste di visto, della riduzione del flusso di cassa e del continuo effetto della pandemia che si combina per eliminarli. Macao ha 18 casinò satellite in totale, 14 dei quali operano come...
China – Macau’s six casino operators given six month extension
Lei Wai Nong, Macau’s Secretary for Economy and Finance, has confirmed that Macau’s six casino licence holders will see their concessions extended to December 31 2022, to allow more meetings to take place. Speaking to the media, Mr. Lei said: “We have notified the gaming operators to prepare for the extension application. We still have…
