Maximum number of gaming tables and slot machines set at 6,000 and 12,000 respectively while minimum annual revenue must not dip below MOP 7 million and MOP 300,000 million.
Government’s total income – including both current and capital receipts – fell 4% year-on-year to MOP 58.07 billion in first seven months of 2022.
Chairman Lawrence Ho says results at City of Dreams, Studio City and Altira impacted by Covid-19 and restrictions imposed across mainland China.
Group’s future performance may be impacted by further Covid-19 outbreaks, despite balance sheet showing net cash of HK$20.3 billion.
Outspoken Hong Kong-born tycoon steps back from role at company that runs Fisherman’s Wharf ‘to focus on other commitments’.
Legislative Assembly committee has finished point-by-point review of new junket bill, final debate likely to be held in November.
Committee chair Andrew Chan Chak Mo clarifies rules for junkets as city heads for new gaming scenario at year’s end.
Adjusted EBITDA was negative US$90.3 million for the second quarter, compared to a profit of US$67.6 million the previous year.