Thursday, August 18, 2022

Tag: Macau

Melco’s Q3 impacted by Covid-19 restrictions in Macau and the Philippines

Melco’s CEO Lawrence Ho explained that “continued travel restrictions and quarantine measures in Macau”, together with the 42-day closure of City of Dreams Manila in the Philippines impacted Melco’s Q3 results.

Melco narrows quarterly loss

Melco resorts Q2 financials
Melco’s CEO Lawrence Ho said it had experienced “a progressive recovery in business levels” in Macau during Q2.

MGM expects Macau demand to improve in H2

MGM Cotai
The company opened new luxury suites at MGM Cotai in August and said it is in the process of enhancing the “F&B options focused on the gaming floors” at both its Macau properties.

SJM looks to open casino at Lisboeta Macau

SJM Holdings plans casino at Lisboeta Macau
SJM Holdings plans to open a casino at the Lisboeta Macau complex, the firm’s vice-chairman and CEO Ambrose So has confirmed.

Las Vegas Sands maintains Asia focus despite pandemic challenges

Las Vegas Sands Asia focus
Las Vegas Sands executives affirmed the company’s properties in Macau and Singapore will drive its future, speaking during the firm’s Q2 earnings call, although they did not rule out pursuing new land-based venues in the US.

Zhongshan non-gaming development could help Melco’s Macau retender

Zhongshan non-gaming development could help Melco Macau retender
Melco International Development’s project in Zhongshan could benefit Melco Resorts and Entertainment when it rebids for a Macau gaming concession, analysts suggest.

Emperor Entertainment posts full year net loss

Emperor Entertainment posts full year net loss
Grand Emperor Hotel operator, Emperor Entertainment Hotel, posted a net loss of HKD177.6m ($22.9m) for the 12 months to 31 March 2021.

Start of a new era as Sands goes all in on Asia

Sands go all in on Asia
With online gaming and further expansion in Asia on the cards, Edward Lowton ponders the various possibilities for Sands as the company moves on to greener pastures following the $6.25bn sale of its Las Vegas properties.

When will Macau see green shoots return?

When will Macau see green shoots
Macau GGR looked to be picking up in September, as IVS visas resumed for designated cities across China, nevertheless, with a number of factors in play, it’s still difficult to chart a possible recovery, analysts suggest.

Macau looks to VIP market to drive recovery

Ben Lee iGamiX Macau VIP market recovery
Ben Lee, managing partner at IGamiX Management and Consulting observes that even prior to the pandemic Macau was already seeing a downward trend in GGR and suggests the VIP market will be the key to a recovery.

Adriano Ho appointed to head Macau’s gaming regulator

Adrian Ho appointed Head of Macau Regulator
Adriano Ho has been named director of Macau’s Gaming of Inspection and Coordination Bureau (DICJ), following Paulo Martins Chan’s decision to step down.Ho took up the post on 10 June.

Matt Maddox: ‘We are confident that travel and tourism will recover in the US and China’

Wynn Resorts financials
Following a challenging Q1 in the US and Macau, Wynn Resort’s chief executive affirmed that the company remains well positioned to ride out the coronavirus crisis, highlighting that it retains $3.4bn in liquid assets.

Macau government “still studying” online gaming

Macau Government still studying online gaming
Macau chief executive Ho Iat Seng has said the government is considering online gaming as a way of diversifying the city’s gaming offerings.

Lei Wai Nong: Macau government will not be considering tax changes for the moment

macau tax coronavirus
Amid the ongoing economic uncertainty caused by the coronavirus pandemic, Macau’s government has said that it currently has no plans to introduce tax breaks

Macau’s gaming revenue fell 88 percent in February

Macau gaming revenue
Following a shutdown as a precaution against coronavirus, Macau’s casinos suffered their worst recorded revenue drop in February, with the situation..

Konami’s Fortune Cup is now available at Studio City Macau

Konami's Fortune Cup Macau APE
Reflecting the growing demand for horse racing multi-terminal gaming machines (MTGM), Konami’s Fortune Cup distributed by Asia Pioneer Entertainment (APE)..

Macau in 2019: A look back at the year in numbers

Macau 2019 in numbers
Macau’s GGR fell 3.4 percent year on year in 2019, marking the end of the special administrative region’s two-year recovery. Despite this, the city saw a..

Ben Lee: Macau likely to see continuing decline in YoY growth in short to medium term

Ben Lee Macau
Ben Lee, Managing Partner at IGamiX Management and Consulting, talks Golden Week, the headwinds currently facing the Macau market and the impact of the..

Maybe it’s because I’m a Londoner: Sands China’s latest property set for 2020 debut

Sands China Londoner Hotel 2020 debut
Part of Sands China’s plans to address the growing premium mass market, The Londoner Hotel is expected to be “fully completed” by July 2020, the company’s..

Sands confident in long-term plans despite mixed Q2 in Macau

Sands confident plans Macau
Sands shrugged off an underwhelming Q2 in Macau, with the company’s president and COO Rob Goldstein focusing on the firm’s plans to expand its..

APE Sponsors Lusitania Hockey Team

ape hockey
Asia Pioneer Entertainment Holdings (APE) has announced its sponsorship of Lusitania Hockey Team, the only team representing Macau in a recent tournament. The Lusitania Hockey Team, sponsored by APE, was the only Macau representative at the “2019 Taiwan Nantou International Men’s Hockey Tournament Match” which was held 18-22 August in Taichung. The tournament ran for five days, with Lusitania eventually coming...

Abbiati presents PJM Perfect Pay RFID solution in Macau

Abbiati Casino Equipment Macau Chips Giorgio Abbiati
Abbiati Casino Equipment spotlighted its latest casino currency solutions at G2E Asia, including its new RFID technology, PJM Perfect Pay, developed in partnership with Walker Digital Table Systems, while the Italian firm also demonstrated its latest tables and roulette solutions.   Italy-based Abbiati Casino Equipment showcased its wide portfolio of casino solutions, including several new-to-market products, just launched within the last...

Macau legislator: April revenue fall reflects market in process of reorientation

Macau legislator April revenue fall
Macau Secretary for Economy and Finance, Lionel Leong, contextualised the revenue fall within the changing structure of the Macau market, which he..

Concession renewal “..opportunity for Beijing to reframe the industry”

Greater Bay Area Macau
Ben Lee, Managing Partner at IGamiX Management and Consulting discusses the impact of the Greater Bay Area development plan on Macau, along with regional..

Hengqin development plans could provide additional uplift for Macau

Hengqin
Beijing’s decision to move forward with plans to develop Hengqin as part of the Greater Bay Area initiative has been welcomed by analysts, who note that..

Abbiati brings security focus to Macau

Abbiati Terry Clarke Georgio Abbiati David Heap 1000x562
Italy-based Abbiati Casino Equipment will be highlighting its combination of quality craftsmanship with the latest trends in innovation and IT at G2E Asia this May, the company’s CEO, Giorgio Abbiati explains.

Greater Bay Area plan looks set to further drive Macau visitation

GSA MPI
Beijing’s Greater Bay Area plan will help generate additional visitation to Macau, experts suggest. However, at the same time, they caution that Macau..

Betinvest to present new iFrame product with Asia-specific interface in Macao

BetInvest G2E Asia
Betinvest is going to the very heart of the Asian entertainment industry - Macao - to take part in one of the gaming business’s leading international events, G2E Asia. At stand D1229, the company will present its well-established sports betting products as well as its very latest solutions, such as iFrame Sportsbook. The Betinvest team have also announced that visitors...

Nominations open for G2E Asia Awards

G2E, Asia, Awards, macau
The American Gaming Association and Reed Exhibitions, organisers of G2E Asia, and leading B2B Asian gaming industry media brand Inside Asian Gaming are pleased to announce that the nomination period for the 2019 G2E Asia Awards has opened. The nomination period will run until Friday, April 5, 2019. Any member of the public may submit nominations by visiting G2EAsiaAwards.com. Companies...

SJM play for more tables as Grand Lisboa Palace lumbers towards completion

SJM, tables, Grand Lisboa Palace, Macau
SJM Holdings has submitted an application to the Macau city council for 300 to 500 new-to-market gaming tables for its Grand Lisboa Palace integrated resort. The $4.6bn Cotai-based venture, which has seen significant construction difficulties delay its initially predicted 2016 opening, is now expected to deliver an operational casino floor within the next six months. “Regarding Grand Lisboa Palace, we hope...

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