Industry
August 2, 2022
SJM Holdings’ H1 2022 Performance Continued to Deteriorate
Macau casino concessionaire SJM Holdings announced today in a filing to the Hong Kong Stock Exchange the company’s unaudited consolidated interim results for the first half of 2022, posting a loss attributable to the owners of the company nearly twice as much that in the same period in 2021. Key Performance Metrics For the first […]
Industry
July 29, 2022
New Round of Public Casino License Bids Commences in Macau on July 29
A new public tender round for casino concessions for the next 10-year period is being launched by the Macao SAR Government on July 29 and will last for 48 days until September 14. Main Focus Is Attracting Foreign Clients Public bidding for casino concessions will start on July 29 and continue for 48 days during […]
Industry
July 27, 2022
Macau Forms Committee to Evaluate License Bidders
Macau will evaluate the bidders for the region’s new casino licenses. To that end, the special administrative region’s government unveiled a new committee. The latter will take a close look into the applicants. Macau to Soon Re-Tender Its Casino Licenses Macau recently allowed its current concessionaires to remain operational for six more months. The government […]
Casino
July 25, 2022
Macau’s Casinos & Malls, Long Recovery Road Ahead After Grand Reopening
Following the end of the most recent anti-pandemic restrictions imposed on non-essential businesses in Macau at the beginning of the month, the territory’s casinos and malls are ready to receive customers once again. Unfortunately, limitations and restrictions still exist and the venues resemble ghost towns. The Current State of Things Home to more than a […]
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, […]
Casino
July 21, 2022
Sands China Embraces the End of the VIP Salons in Macau Casinos
Sands China has announced it is restructuring its VIP rooms at its Macau properties as the era of the junkets and VIP salons in Macau casinos are coming to an end with new gambling regulations from mainland China. New Gambling Legislation for Macau As a result of COVID measures, China’s National Immigration Administration (NIA) has […]
Industry
July 14, 2022
China’s National Security Concerns Visible in New Macau Laws
Macau law firm MdME Lawyers published an extensive overview of the Amendment to the Macau Gaming Law and Public Tender Regulation, the comprehensive changes passed by the Legislative Assembly in the Special Administrative Region (SAR) in June that are now going to change the way concessionaires, junkets, and even consumers interact or conduct gambling activities […]
Business
July 12, 2022
Wynn Macau Appoints Frederic Jean-Luc Luvisutto as New COO
Wynn Macau has shifted its chief operating officer Frederic Jean-Luc Luvisutto to the position of chief operating officer for the Macau subsidiary and Wynn Resorts. The appointment came into effect on July 7, 2022, with Linda Chen stepping down from their current position. She has been shifted into a VP and executive director for the […]
Business
July 11, 2022
Las Vegas Sands Provides Sands China with a $1B Loan
Las Vegas Sands, а world leader in developing and operating international, world-class integrated resorts, has issued a loan to its Chinese arm. As per the agreement, Sands China will receive a $1 billion subordinated unsecured term loan. Sands China Considers the Terms Fair The loan was issued on July 11, 2022 and Sands China will […]
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. […]
