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Tag Archives: Macau

China – Macau’s casino share prices fall as Government confirms public consultation

Shares in Macau’s casino operators have lost a third of their value, plummeting by $14bn, due to investor fears over a government consultation that could see tighter restrictions brought into effect. Wynn Macau fell by 34 per cent to a record low with a similar 28 per cent dip for Sands China. Macau’s secretary for…

China – China to crackdown on Macau’s junket operations

The Macau casino sector is facing a series of shake-ups when the new concessions are approved with the government looking at axing the sub concession model and cracking down on how casinos handle junkets. Analysts believe the crackdown will see the size of the junket market in Macau shrink with a ‘much smaller junket operation…

China – COVID-outbreak in Fujian to derail Macau’s recovery again

With Macau’s casino operators eyeing the profitable October Golden Week holiday, a breakout of COVID-19 infections in the province of Fujian on mainland China is threatening to curb any growth in gaming revenues. Following an outbreak in Nanjing in August, which resulted in the lowest monthly total in a year, gaming revenues have rapidly climbed…

China – Sands China reports a loss of US$125m in August but revenues up 179.2 per cent

Sands China generated net revenues of US$265m and US$148m in July and August 2021 compared to US$43m and US$53m in July and August, 2020, respectively, representing an increase of 516.3 per cent and 179.2 per cent, respectively. A company spokesperson said: “We had an operating loss of US$25m and US$83m and a net loss of…

China – Sega Sammy set to launch Wealth Rush Series into Macau

Slot players in Macau will soon be seeing Sega Sammy Creation’s new Wealth Rush series landing on gaming floors. Developed by acclaimed game studio Rising Digital, the Wealth Rush progressive jackpot series offers multi-denomination link capabilities and 4 base games, providing operators with maximum customization for structuring machine banks to meet player demands. The Wealth…

China – TCS John Huxley supplied the Grand Lisboa Palace in Macau

TCS John Huxley was delighted to be chosen by the Macau casino operator SJM Holdings Ltd, to supply Grand Lisboa Palace, their exclusive new casino resort. The HKD39bn (US$5bn) luxury Grand Lisboa Palace casino resort opened its doors to the public on July 30 and is SJM Holdings’ first venture into Macau’s Cotai district. The…

China – Galaxy forced to delay opening of Galaxy Macau Phase 3 despite GGR bouncing back

Whilst delighted that second quarter revenues were rebounding, Macau operator Galaxy Entertainment has confirmed that COVID has delayed the unveiling of Galaxy Macau Phase 3 until 2022. The company said limitations on workforce access due to the COVID-19 pandemic has caused the delay to the project, that will include the Galaxy International Convention Center, several…

China – MGM narrows loss in Macau as revenues double year-on-year

MGM China said that ‘Macau continued to see a choppy business environment during the [first half of the year] under the COVID-19 pandemic’ but that MGM China recorded total revenue of approximately HK$4.7bn, nearly double from HK$2.4bn same period a year ago. For the first half of 2021, the Group recorded adjusted EBITDA of approximately…

China – SJM sees first half revenue increase by 19 per cent

SJM Resort’s net gaming revenue in the first half of 2021 increased by 18.8 per cent to HK$5,076m from HK$4,272m in the year-earlier period, whilst Adjusted EBITDA improved by 48.2 per cent to a negative HK$510m from a negative HK$984m. Loss attributable to owners of the company was HK$1,466n, 3.8 per cent greater than HK$1,412m…