Industry
December 1, 2022
Macau GGR Continues to Decline in November
Macau’s gambling industry has failed to experience the recovery the region’s government hoped for. According to the latest data, casinos in the special administrative region had gross gaming revenue of just $374 million. FY GGR Will Be Much Lower than Estimated The $374 million Macau concessionaires earned in November represent a 55.6% year-on-year decline. Furthermore, […]
Industry
November 1, 2022
Macau GGR Declined by 10.7% in October
The gaming industry in the special administrative region of Macau continues to struggle with the aftermath of the pandemic. The Macau Gaming Inspection and Coordination Bureau just reported how gambling performed in October. While the results are not great, they show that there might be hope for recovery. The Bureau Posted the October Results According […]
Industry
September 29, 2022
GKJC Launches Jockey Club Long COVID Rehabilitation Program
After expanding its board of stewards with new deputy chairman Eric Cheung and new chairman Michael Lee at the beginning of the month and announcing an impressive turnover of HKD 140 billion ($17.8 billion) for 2021-2022 in mid-July in spite of COVID restrictions, the Hong Kong Jockey Club (HKJC) has fresh news. The club has […]
Casino
September 23, 2022
The Pandemic Taught AC Casinos a Few Lessons
During the 25th East Coast Gaming Congress, which is taking place September 21 – 23, 2022 at the Hard Rock Hotel & Casino – Atlantic City, many executives from big companies in the gambling sector stated that they have learned many lessons from the COVID-19 pandemic. Lower Casino Salaries and Revenues Due to COVID 19 […]
Industry
September 6, 2022
Bernstein Is Skeptical about Macau’s Recovery
Finance expert Bernstein has once again commented on the situation of Macau’s gambling market. This time, the firm’s analysts discussed the special administrative region’s slight daily revenue growth. Umansky and Yang Don’t Buy the Optimism Vitaly Umansky and Shirley Yang, two finance experts at Bernstein, explained that during September’s first four days, Macau’s gross gaming […]
Casino
July 22, 2022
Macau’s War on COVID Reaps Partial Success
Macau’s casinos will soon reopen as the special administrative region confirmed no new COVID-19 cases last Thursday. Macau’s Anti-COVID Measures Worked Last Friday, the government of Macau announced that it had identified no new cases of COVID among the locals on July 14. This was the first day without a new case since the outbreak, […]
Industry
July 11, 2022
Credit Suisse Cautions Against Buying Macau Gaming Stocks
Analysts’ optimism with regard to Macau’s casinos has been dashed as financial experts have weighed the risks and concluded that the special administrative region is in for a very difficult spell. Financial experts from Credit Suisse cautioned against buying Macau casino stocks, warning that buying such assets could result in unpredictable and dangerous investment scenarios. […]
Industry
July 11, 2022
Cambodia Drops Restrictions for Unvaccinated Travelers
As Macau heads into another lockdown with casinos defunct through July 18, Cambodia is showing resilience and the country is already lifting additional travel restrictions on unvaccinated arrivals. Starting today, Cambodia will no longer expect unvaccinated tourists and visitors to the country to self-quarantine in hotels but still have to show a rapid-antigen test when […]
Casino
July 11, 2022
Macau Announces Lockdowns for a Week Through July 18
Macau has just imposed full lockdown with only essential services allowed to do business to a limited extent. This means that all commercial and industrial activities are being shut down, including casinos. Closed Casinos and Other Commercial and Industrial Operations The lockdown introduced by the SAR government and announced at a press conference on July […]
Casino
July 8, 2022
Macau Converts Two More Casino Hotels into Quarantine Areas
Macau is undergoing one of its worst COVID-19 outbreaks. In fact, the special administrative region managed to withstand the highly-infectious virus for the past two years, but the disease has resurfaced, claiming lives and now reaching 1,215 cases as of the time of reporting. New data is processed all the time. This has forced the […]
