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Macau to reopen casinos Saturday in gradual easing of COVID curbs.
Macau sets up panel to vet new casino bids.
Macau to reopen following COVID-19 lockdown as casinos report.
Macau Casino Stocks Get a Boost as City Provides 2022 Gaming.
Macau Casinos Report 166% Rise in Revenue as Industry Recovers from.
Macau investors hope for casino traffic recovery in time for Golden.
Macau 'junket king' Alvin Chau's life in the limelight... - The Star.
Macau casino gaming revenue hits all-time low in July.
Macau reopens its casinos after almost two weeks of COVID-19 lockdown.
Macau casino stocks plunge as gov't kicks off consultation.
Macau casino stocks are ranked by Morgan Stanley with 2023.
Macau mulls casino tax cut as gaming revenue plummets.
Macau Casino Stocks Plunge as China Covid Spike Tightens Rules.
Macau casino stocks lose almost US$5 billion in sell-off as China's.

Macau to reopen casinos Saturday in gradual easing of COVID curbs.

Macau Casino Union Warns About Mass Layoffs with New Gaming Licenses. Posted on: June 14, 2022, 12:03h. Last updated on: June 14, 2022, 03:28h.

Macau sets up panel to vet new casino bids.

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 operator stocks have plummeted by as much as a third, losing about $14bn in value, as the government kicked off a public consultation that investors fear will lead to tighter.

Macau to reopen following COVID-19 lockdown as casinos report.

Casino News Macau. Macau Air Travel Boost. Simon Chan Weng Hong, president of the Macau Civil Aviation Authority, announced early this week that a huge upgrade is to be made to the Macau International Airport. This will greatly improve access to what is becoming the fastest growing casino market in the world. 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 curb its worst outbreak.

Macau Casino Stocks Get a Boost as City Provides 2022 Gaming.

Casino operators must increase the amount of capital to 5 billion patacas ($623.67 million) from 200 million patacas and increase the requirement for a Macau based director of the company to hold. Macau casino bidding for new licenses will begin on July 29, 2022. (Image: Macau SAR Government) The regulatory body was revealed only this week through Macau’s Official Gazette, the news outlet.

Macau Casinos Report 166% Rise in Revenue as Industry Recovers from.

June 27, 2022. Latest Casino and Gambling News, Gaming Industry News, Macau. The COVID-19 outbreak in Macau has worsened, with a case count of 299 as of this past Sunday. The number of positive cases jumped from 170 on Friday and casinos have. Analysts expect the GGR in Macau's casinos to be badly affected after a fresh outbreak of Covid-19 was registered last week. The authorities, reports GGR Asia, have introduced "a state of immediate prevention," but it has fallen short of temporary closure of the casinos. There were 31 confirmed cases last week with the numbers expected to.

Macau investors hope for casino traffic recovery in time for Golden.

Macau full-2022 GGR at most US$1.1bln: S&P Global. Jul 08, 2022 Newsdesk Latest News, Macau, Top of the deck. S&P Global Ratings has cut its Macau casino gross gaming revenue (GGR) forecasts for 2022 and 2023, “due to a surge in Covid-19 cases and strict control measures in Macau and China.”. Within the Macau casino sector, Morgan Stanley prefers certain names over others. Galaxy Entertainment ( OTCPK:GXYEF) was downgraded to an Equal-weight rating from Overweight on valuation called.

Macau 'junket king' Alvin Chau's life in the limelight... - The Star.

Macau's Gaming Inspection and Coordination Bureau has released its latest monthly revenue report showing that the island territory's 37 casinos open for operations during September generated MOP 5.88 billion ($733/€631.2 million) in gross gaming revenue (GGR).. The latest figures mark a jump of 166% on September of 2020 when tourism and gaming operations were heavily restricted due to.

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

This week's casino news is squarely focused on Macau as all sorts of key happenings have been coming to light. We'll start with the June revenues, which have been quite disappointing. Macau Casinos Have Worst Month Of 2022. The road to recovery for Macau casinos has been increasingly difficult and the June numbers reflect that. The gaming. Macau is enduring a fresh wave of coronavirus and the latest outbreak has resulted in a casino closing for the first time since 2020. That year was effectively a write-off for the industry and Macau suffered from the lack of revenues. The number of fresh Covid cases passed 1,000 in the hours after the Grand Lisboa closed, with 59 cases coming.

Macau reopens its casinos after almost two weeks of COVID-19 lockdown.

(May 14): Macau is considering revising a casino bill, including a potential cut in some of the world's heftiest gaming taxes, as the gambling hub faces plunging revenue amid China's Covid-19 lockdowns. Share prices of the city's licensed casino operators soared in the US on Friday (May 13) after Macau media first reported the proposed revisions. Las Vegas Sands Corp and Melco Resorts.

Macau casino stocks plunge as gov't kicks off consultation.

In June, Macau casinos snapped its three-month streak with at least $1 billion in gross gaming revenue. According to numbers released by the Gaming Inspection & Coordination Bureau, casinos in the. 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. Macau's casino floors are beginning to recover but remain far below pre-pandemic levels. The city's Gaming Inspection and Coordination Bureau reported gross gaming revenue (GGR) surged 528% year.

Macau casino stocks are ranked by Morgan Stanley with 2023.

Casinos’ dollar bonds rose further on Monday, extending an advance. Las Vegas Sands' Macau operations posted a loss of $110 million before interest, taxes, depreciation, and amortization in the quarter through June, which doesn’t capture the shutdown. That compares with a profit of $132 million a year earlier and $765 million in 2019. 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. The rebidding. HONG KONG (Reuters) -Macau's government said on Thursday global gaming operators can submit bids for new licenses from July 29 until Sept. 14, kicking off a highly anticipated process to secure a.

Macau mulls casino tax cut as gaming revenue plummets.

Credit: iStock. Macau is ready to open its casinos for its visitors after almost two weeks of the city-wide lockdown. However, the city has not released any information on whether the casinos will.

Macau Casino Stocks Plunge as China Covid Spike Tightens Rules.

This year, it seems that things are not going to be as usual, as the government has reported new cases of COVID-19 contamination. As a result, the population has been forced to reduce travel in order to limit the risk of contagion. These waves of cancellations will undoubtedly have a significant impact on the future of Macau City's casinos. Macau casinos have reopened following a two-week shutdown that led to a share price crash. More than 40 casinos reopened on July 23 but with heavily restricted limitations leading to a bleak.

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

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. News. June 21, 2022, 12:33 pm ·. While Macau casinos technically remain open, most of the workers have been asked to stay home while the government continues mass testing of all residents that began on Sunday and will continue through today with the last tests for roughly 600,000 people. Casino shares on the stock exchange tumbled on Monday.