Daily news

  • daily_news

    Casino junket and integrated resorts operator SunCity Group has reported a 69.5% year-on-year decline in revenue for the first half of 2020, though fair value gains related to its convertible bonds significantly reduced the business’ net loss for the period.

  • daily_news

    Macau’s recovery from the novel coronavirus (Covid-19) remains a slow one, as casinos on the island brought in only MOP1.33bn (£124.4m/€139.5m/$167.0m) in August, down 1.0% from July and down 94.5% from 2019.

  • daily_news

    Macau integrated casino resort Studio City International Holdings has posted a $161.9m net loss for the first half of the year as its operations were severely hit by the novel coronavirus (Covid-19) pandemic.

  • daily_news

    Sands China, Las Vegas Sands’ Macau-based integrated resorts subsidiary, saw revenue plummet 81.0% year-on-year in the six months to 30 June, with visitor numbers plummeting due to travel restrictions to the Chinese special autonomous region.

  • daily_news

    Asian casino operator Galaxy Entertainment Group (GEG) saw revenue for the six months to 30 June drop 76.3% with the operator expecting further headwinds from the ongoing impact of novel coronavirus (Covid-19) on its Macau venues.

  • daily_news

    Casino operator Wynn Resorts has reported a net loss of $1.04bn for the first half of the year, after the novel coronavirus (Covid-19) pandemic forced the temporary closure of its venues in the US and Macau.

  • daily_news

    Gaming revenue in Macau improved month-on-month in July, but remained 94.5% below the same month of 2019 at $1.34bn (£127.5m/€141.9m/$167.1m).

  • daily_news

    Macau casino operator SJM Holdings has admitted that gross gaming revenue, as well as non-gaming amenities will be negatively affected by novel coronavirus “for an indefinite period”, after reporting an HK$1.41bn loss for the first half of 2020.

  • daily_news

    Land-based gaming giant Las Vegas Sands saw revenue fall 73.1% year-on-year for the six months ended 30 June, 2020 after Q2 revenue collapsed to almost zero due to the novel coronavirus (Covid-19) pandemic.

  • daily_news

    China’s Guangdong province has announced that a mandatory 14-day quarantine for all people entering from Macau will be lifted this week, as restrictions designed to prevent transmission of novel coronavirus (Covid-19) are eased.

  • daily_news

    Macau’s gaming revenue sunk to yet another new low of MOP716m (£72.2m/€79.8m/$89.7m) in June, down 97.0% year-on-year, as the effects of the novel coronavirus (Covid-19) pandemic continues to devastate the territory’s largest industry.

  • daily_news

    Macau casino junket operator the SunCity Group saw revenue for 2019 decline to RMB611.8m (£68.0m/€76.4m/$86.4m), while losses increased to RMB1.50bn due to another year of rising financial costs.

  • daily_news

    Disruption caused by novel coronavirus (Covid-19) has badly hit Las Vegas Sands’ Sands China subsidiary, with the business revealing that revenue for April plummeted 98.7% year-on-year to just $9m in April.

  • daily_news

    Casinos in Macau took in revenue of MOP1.76bn in May, more than double revenue for April but down 93.2% year-on-year, as the novel coronavirus (Covid-19) pandemic continued to have a major impact on business.

  • daily_news

    Casino operator Wynn Resorts has put a net loss of $402.0m in the first quarter primarily down to the temporary closure of its sites in the US and Macau due to the novel coronavirus (Covid-19) pandemic.

  • daily_news

    Revenue from Macau’s casinos declined further in April, with operators taking in just MOP754m (£76.0m/€86.6m/$95.1m), a record low and 96.8% below takings from April 2019.

  • daily_news

    MGM Resorts’ revenue fell 29.1% to $2.25bn for the first quarter of 2019 due to the effects of the novel coronavirus (Covid-19), but the operator’s profits skyrocketed due to sales of two of its properties.

  • daily_news

    Macao’s head of government, chief executive Ho Iat Seng has criticised the country’s “excessive dependence” upon the gambling industry, which he said meant the special administrative region was especially hard-hit by the novel coronavirus (Covid-19) outbreak.

  • daily_news

    The temporary suspension of casino operations in the Chinese autonomous region of Macau in an attempt to halt the spread of novel coronavirus has led to gross gaming revenue plummeting in February.

  • daily_news

    MGM Resorts International has announced that its chairman and chief executive officer Jim Murren is to step down, bringing to an end almost 12 years in charge of the operator. 

Pages