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Gaming tax shortfall sounds fiscal warning
Receipts were down 63 per cent in January, well below what the government is planning to net from casinos this year.
Sands sells Las Vegas properties for US$6.25 billion
Executives label the sale “bittersweet” while pointing to Macao and other parts of Asia as the focus for future investment.
Galaxy’s new Raffles hotel to open this year
Cutting-edge technology and design plus traditional service combine to ramp up the city’s hospitality offerings: there’s even a special Singapore Sling for Macao.
Macao GGR rises for the first time since September 2019
Gross gaming revenue rose 136 per cent in February to MOP 7.3 billion, the first time in 17 months.
Melco & Galaxy bullish after positive Q4 results
Bosses applaud the end of China quarantine, vaccine roll-out and balance sheet uptick, and look forward to even better results in March and May Golden Week.
Galaxy’s glitzy new wing slated to open Q3 or later
A luxury hotel, a concert hall and extensive exhibition space will add to Cotai’s attractions, and the company is already eyeing further development.
SJM HK$3 billion down in 2020
Macao’s oldest gaming operator takes a massive hit, but remains optimistic and aims to open Grand Lisboa Palace by mid-year.
The MOP 15.2 billion Londoner Macao Phase 1 opened today
Macao’s latest integrated-resort – MOP 15.2-billion (US$1.9 billion) The Londoner Macao – threw open its doors officially today on the
China targets illegal gambling operations as CNY approaches
Analysts reckon Macao may benefit from the crackdown.
Wynn Resorts operating revenues decrease in Q4 2020
Wynn Resorts announced that for the year ended 31 December 2020, operating revenues decreased US$2.04 billion at Wynn Palace and $1.60 billion at Wynn Macau.
Casino revenue rises 2.6% in January, best month since Feb 2020
Macao’s gross gaming revenue rose to MOP 8.02 billion (US$1 billion) in January.
Sands China reports 70% drop in revenue for Q4
Sands China Ltd has reported total net revenue of $672 million for Q4 2020, a 70% decline from $2.24 billion for the same period in 2019.
Slim pickings: Macao’s licensed junket tally drops to 85
The decline reflects the sharp fall in the fortunes of the city’s casinos.
Las Vegas Sands hands reins to Robert Goldstein after Sheldon Adelson’s death
Las Vegas Sands Corp. named acting Chief Executive Officer Robert Goldstein as permanent CEO following the death of Sheldon Adelson.
Sheldon Adelson, the billionaire who transformed Macao, dies at age 87
Casino tycoon and American political mega-donor Sheldon Gary Adelson died last night following complications related to treatment for non-Hodgkin’s lymphoma. He was 87.
Macao government extends condolences on Sheldon Adelson’s passing
The Macao government said in a statement on Tuesday that it “expresses its deepest sorrow on the passing of Mr Adelson, and extends its most sincere condolences to his family.”
Government GGR tax receipts predicted at around MOP 130 billion
Secretary for Economy and Finance said last month he expected this year’s government GGR tax receipts to be around MOP 130 billion, which is around MOP 10 billion per month.
Sheldon Adelson takes medical leave of absence, Robert Goldstein appointed Acting Chairman and CEO
Sheldon Adelson has taken a medical leave of absence from his roles to receive further treatment for non-Hodgkin’s lymphoma.
SJM to pay staff ‘living subsidies’
Gaming operator SJM to give eligible employees a “living subsidies” equivalent of 1.5 or two months’ salary.
Macao GGR down 65.8% year-on-year to US$977.5 million in December
December marks the 15th consecutive month of year-on-year declines since October 2019.
Ho says ‘anything is possible’ concerning timing of casino concession bids
Chief Executive Ho Iat Seng said that “anything is possible” concerning the timing of the bidding process for Macao’s gaming concessions which expire in June 2022.
SJM cancels New Year countdown show amidst Covid-19
Gaming operator SJM on Thursday announced that its popular Grand Lisboa New Year Countdown Show will be cancelled this year.
Kevin Benning takes over as head of Studio City in Macao
Kevin Benning, who has over 15 years of experience in the casino gaming industry will be responsible for the operations of Studio City.
Melco Resorts records highest GGR between Jan-Sept 2020
Melco Resorts held a 24.6% share of local gaming revenues between January and September, followed by Sands China at 19.5%.
Macao gaming receipts fall 70.5% in November
Macao’s gross gaming revenue (GGR) fell by 70.9% year-on-year to MOP 6.75 billion (US$843 million) in November.