Macau Casino News - CASINOMAIN.NETLIFY.APP

Macau shuts all casinos in bid to contain worsening Covid.
Macau casino gaming revenue hits all-time low in July.
Here's an Update on the Casino Industry in Macau Right Now.
Casino news | Bids open for Macau casino licences.
Macau casino stocks lose almost US$5 billion in sell-off as.
GGRAsia – Macau.
Macau To Reopen After Covid Sinks Gaming Revenue To Record Low.
Casino news | Macau licensing committee named.
Macau Covid News: City to Reopen With Casino Revenue at Record Low.
Casinos in Macau, China set to reopen as COVID-19.
Maybe Oct before meaningful Macau casino biz: JP Morgan.
Macau Casino Stocks Plummet on News about Gambling Review.
Macau Casino Stocks Tumble as City Shuts Down to Tame Virus.
Macau casino revenue slides to all-time low in July | Seeking.

Macau shuts all casinos in bid to contain worsening Covid.

HONG KONG, Dec 7 (Reuters) - Macau's gaming regulator has ordered junket operators in the world's largest gambling hub to stop offering credit to customers, according to brokerage firm Bernstein.

Macau casino gaming revenue hits all-time low in July.

Gaming operators with a presence in Macau received a last-minute Christmas gift last week. Only weeks after analysts set a reduced revenue forecast for Macau in 2022, the city provided an update on what is likely coming with new gaming laws. That revelation made analysts a little more optimistic, which, in turn, made investors optimistic. Jul 11, 2022 Newsdesk Latest News, Macau, Top of the deck Macau’s average daily casino gross gaming revenue (GGR) for the first 10 days of July stood at MOP20 million (US$2.48 million), estimated brokerage Sanford C. Bernstein Ltd in a Monday note. The... Read More Macau casino staff ok on stay-home incentives: labour reps.

Here's an Update on the Casino Industry in Macau Right Now.

Macau casino stocks tumbled, erasing US$4.8 billion of market value in Hong Kong, as the arrest of the head of the biggest junket operator in the gambling hub revived concerns about Beijing's. HONG KONG, July 27 (Reuters) - The world's biggest casino hub of Macau has set up a committee to vet bidders for new casino licences expected to be decided by the end of the year, the government. HONG KONG (Reuters) -Macau will reopen its casinos on Saturday, authorities said as they seek to unwind some stringent measures which locked down the world's biggest gambling hub for 12 days to.

Casino news | Bids open for Macau casino licences.

Macau has opted to keep its gaming market capped at six casino operators. But nothing is stopping another global casino giant from bidding for one of the coveted certificates. However, with the. Because of the ongoing issues, Macau’s casino industry continues to suffer. JP Morgan analysts predict that gross gaming revenue for 2022 will only reach 19% of what it was in 2019. Other forecasts.

Macau casino stocks lose almost US$5 billion in sell-off as.

The nine-person committee that will make the decision on who will get the next 10-year casino licences in Macau has been announced. The territory government has established its Committee for Public Tendering of Concessions for the Operation of Casino Games of Fortune. The committee members are drawn from different government departments. Macau’s Gaming Inspection and Coordination Bureau reported that gross gaming revenue for the state surged by 528% to $1.05 billion. That still represents a 65.5% drop in GGR when compared to the same month in 2019. Many of the most popular casino-resorts in Macau are expected to see their gaming licenses expire in 2022.

GGRAsia – Macau.

July 11, 2022, 5:45 AM · 2 min read. Macau Casino Stocks Tumble as City Shuts Down to Tame Virus. (Bloomberg) -- Macau casino shares slumped along with dollar bonds on Monday as the world’s.

Macau To Reopen After Covid Sinks Gaming Revenue To Record Low.

According to data released by the Macau government on Monday, the city's July casino gross gaming revenue (GGR) - which came in at MOP398 million (US$49.2 million) - was the lowest monthly tally since liberalisation-era records dating back to 2003. JP Morgan Securities (Asia Pacific) Ltd said the July tally averaged just MOP13 million per. HONG KONG (Reuters) -Macau shut all its casinos for the first time in more than two years on Monday, sending shares in gaming firms tumbling as authorities struggle to contain the worst coronavirus outbreak yet in the world's biggest gambling hub. The city's 30-plus casinos and other businesses will shut for one week and people were ordered to stay at home though short trips for essential. Many casino operators in Macau are now losing money. In the first quarter, Wynn Macau’s net loss expanded 16.8% to $188 million from a year ago, while SJM’s net loss almost doubled to $163 million. The negative impact of Covid lockdowns in Guangzhou and Shenzhen in April has not yet been reflected.

Casino news | Macau licensing committee named.

Est. 3 minutes. In Summary: The special administrative region is showing signs of recovery after the massive COVID-19 outbreak. The quarantine will be cut from 10 to 7 days, but travelers will still have to test negative on arrival. Casinos in Macau had devastating profit losses due to the restrictions and the recovery process will be slow. HONG KONG, Jan 14 (Reuters) - The number of new casino operators allowed to operate in Macau, the world's largest gambling hub, will continue to be limited to six concessionaires but their.

Macau Covid News: City to Reopen With Casino Revenue at Record Low.

News. September 15, 2021, 10:07 am ·. The government of Macau announced on Tuesday a surprise review of the city's gambling law sending shock waves to the stock market and wiping more than $18 billion off the value of locally licensed casino operators. Macau Secretary for Economy and Finance Lei Wai Nong on Tuesday announced that a 45-day. Macau's casinos are set to report their lowest ever monthly revenue in July as the city cautiously eases curbs that have hammered the gambling hub. Gross gaming revenue likely fell 97% to 253. The reopening comes as the casinos report their lowest July revenue on record. Macau has reported about 1,800 infections since mid-June. Strict COVID-19 restrictions will remain in place. Beauty.

Casinos in Macau, China set to reopen as COVID-19.

And last updated 11:39 AM, Jul 23, 2022. (KTNV) — Macau will reopen its casinos on Saturday, as authorities seek to unwind some stringent measures which locked down the world’s biggest. Macau was set to remove most coronavirus restrictions on Tuesday after the casino hub's gaming revenue hit its lowest level on record. The former Portuguese colony is the only territory in China. Indeed, a Covid-19 outbreak at The Grand Lisboa hotel and casino in Macau has forced the resort to temporarily close. Thirteen Covid cases were confirmed at the hotel, making it the 18th Covid-19 cluster in the island territory.

Maybe Oct before meaningful Macau casino biz: JP Morgan.

The Macau government has revealed that it will be opening up the bidding process for new casino licenses starting Friday. According to the announcement on Thursday, casino operators will be able to submit applications up until September 14. licenses for Macau's six casino operators will expire at the close of 2022.

Macau Casino Stocks Plummet on News about Gambling Review.

Gross gaming revenue in Macau fell 95% year-over-year during July to 398M patacas ($49M), according to the Gaming Inspection and Coordination Bureau. The monthly tally was slightly better than the.

Macau Casino Stocks Tumble as City Shuts Down to Tame Virus.

Latest Casino and Gambling News, Macau An outbreak of the COVID-19 virus continues to grow in Macau, with 100 confirmed cases. Within the affected population are two casino dealers. Those affected have been assigned to groups of cases based on locat... Macau casinos to be substantially impacted by recent COVID-19 outbreak Sadonna Price. The world's biggest casino hub of Macau has set up a committee to vet bidders for new casino licences expected to be decided by the end of the year, the government said on Wednesday. HONG KONG.

Macau casino revenue slides to all-time low in July | Seeking.

Bidding for the six Macau casino licences opens today against a backdrop of a sharp decline in revenues caused by another Covid outbreak. Bids can be lodged today, through to September 14, for the licences through an open auction. The licences will be for a set 10-year period. Currently, the concessionaires are Wynn Macau, MGM China, Sands.