Tag Archives Macau

Macau records discouraging March casino revenues tally

by

Last month reportedly saw the 39 casinos in Macau record an almost 80% drop year-on-year in aggregated gross gaming revenues to slightly over $658.31 million due in large part to the ongoing impact of the coronavirus pandemic. According to a report from GGRAsia citing official information from the enclave’s Gaming Inspection and Coordination Bureau, ...

Macau downgrades full-year aggregated casino revenue prediction

by

The government of Macau has reportedly halved the city’s coming full-year aggregated gross gaming revenues forecast in light of the negative impacts of the ongoing global coronavirus pandemic. According to a report from GGRAsia, the former Portuguese enclave now expects its 39 active casinos to record aggregated gross gaming revenues for 2020 of approximately ...

Macau government dismisses gaming tax relief suggestion

by

In Macau, a leading government official has reportedly detailed that the city has no intention of introducing temporary tax breaks to help local gambling firms recover from the financial impacts of the enclave’s recent 15-day casino shutdown and ongoing coronavirus slowdown. According to a report from Inside Asian Gaming, Lei Wai Nong (pictured) serves ...

Macau hotel occupancy rates plummet amid continuing coronavirus anxiety

by

In Macau and fears over the highly-contagious coronavirus strain reportedly helped to push the average January occupancy rate for the city’s many three to five-star hotels down by some 14.5% year-on-year to only 78.5%. According to GGRAsia citing official data from the Macao Government Tourism Office, last month’s figure for exclusively five-star properties, which ...

Melco Resorts and Entertainment Limited warns of sluggish Macau future

by

The boss for Asian casino operator Melco Resorts and Entertainment Limited has reportedly declared that it could take ‘quite a long time’ for the gambling industry in Macau to recover from the negative impacts of the recent coronavirus outbreak. According to a report from GGRAsia, Lawrence Ho Yau Lung (pictured) serves as Chairman and Chief ...

Macau casinos to re-open on Thursday following coronavirus shutdown

by

The 39 active casinos in Macau will reportedly be allowed to re-open from midnight on Thursday following the conclusion of a 15-day shuttering that was instituted to help stop the spread of the highly-infectious coronavirus outbreak that is currently ravaging neighboring China. According to a report from Inside Asian Gaming, the city’s Economy and ...

Macau likely to record ‘bleak’ February aggregated gross gaming revenues

by

A leading brokerage firm has reportedly predicted that an ongoing casino shutdown in Macau could eventually push the city’s aggregated gross gaming revenues for the entirety of February down by as much as 95% year-on-year to around $158.5 million. According to a report from Inside Asian Gaming, this is the opinion of Sanford C ...

Macau shutdown hurting Wynn Resorts Limited’s bottom line

by

The boss for American casino operator Wynn Resorts Limited has reportedly explained that the temporary shutdown of his firm’s two Macau properties is costing the company up to $2.6 million every day. According to the report, the Las Vegas-headquartered company is responsible via its local Wynn Macau Limited subsidiary for the 1,000-room Wynn Macau ...

Macau visitor numbers plummet as ‘Wuhan virus’ fears grow

by

In Macau and aggregate tourist numbers for the seven days from last Friday reportedly dropped by almost 80% when compared with last year owing to increased apprehension concerning the highly-infectious ‘Wuhan virus.’ According to a report from Inside Asian Gaming, the seven-day period is traditionally one of the most lucrative for the former Portuguese ...

Macau visitor numbers decline amid ‘Wuhan virus’ fears

by

In Macau and aggregate tourist numbers reportedly dropped by almost 50% year-on-year on Friday and Saturday amid growing apprehension surrounding the spread of the highly-infectious ‘Wuhan virus’ that has already killed 80 people in neighboring China. According to a report from Inside Asian Gaming, the two-day period marked the start of week-long Chinese New ...

Macau instituting further measures to combat coronavirus outbreak

by

In Macau and local authorities have reportedly instituted a number of measures to help better insulate the city from the recent outbreak of a highly-infectious coronavirus that has so far claimed nine lives in neighboring China. According to a report from The Straits Times newspaper, the previously unknown virus was first reported in the ...

Macau casinos urged to join fight against ‘viral pneumonia’ outbreak

by

In Macau and health officials have reportedly advised the city’s many casinos to take a variety of measures such as installing body temperature monitors so as to help stop a potential outbreak of ‘viral pneumonia.’ According to a report from GGRAsia, the Thursday caution from the enclave’s Heath Bureau followed the recording of what ...

No RFID chip worries for Macau casino regulator

by

In Macau and the Gaming Inspection and Coordination Bureau has reportedly announced that it remains committed to protecting the well-being of the city’s many casino employees following the emergence of concerns over the possible safety of technologies often used to track chips. According to a report from GGRAsia, the state-run regulator responded to a ...

Macau casinos end the year on a downer following disappointing December

by

The 41 casinos in Macau reportedly ended December on a downward note after recording a 13.7% year-on-year decrease in monthly aggregated gross gaming revenues to slightly over $2.84 billion. According to a Wednesday report from GGRAsia citing official information from the city’s Gaming Inspection and Coordination Bureau regulator, the December figure represented the largest ...

Macau implements gaming floor prohibition for off-duty casino employees

by

In Macau, new legislation that prohibits employees of the city’s many locally-licensed junket firms and casinos from setting foot on a gaming floor outside of their normal working hours has reportedly come into force. According to a Friday report from GGRAsia, the controversial prohibition was ratified by the enclave’s 33-member Legislative Assembly last December ...

Macau inaugurates long-awaited MLRT passenger railway

by

Following over 15 years of planning and construction and the initial stage of the Macau Light Rapid Transit (MLRT) system reportedly opened earlier today to give the casino-laden city its first ever passenger railway. According to reports from Inside Asian Gaming and Macau News, this inaugural 5.7-mile section features eleven stations and runs from ...

Macau casinos post disappointing aggregated November revenues figure

by

The over 35 casinos in Macau reportedly experienced a disappointing November after chalking up an 8.5% year-on-year decrease in aggregated gross gaming revenues to slightly over $2.83 billion. According to a Sunday report from Inside Asian Gaming citing official figures from the enclave’s Gaming Inspection and Coordination Bureau, the November figure was the year’s ...