Gaming

Gaming tax receipts fall 47.9% in Jan-April

The government's receipts from gaming taxes fell 47.9% year-on-year to MOP 20.5 billion (US$2.56 billion) in the first four months of the year, the Financial Services Bureau (DSF) announced today. 

12 May, 2020

MGM China says CEO Grant Bowie to retire end-May

US gaming operator MGM China Holdings Limited announced today that Chief Executive Officer Grant R. Bowie has "notified" the company of his decision to retire with effect from May 31.

11 May, 2020

Wynn Macau reports US$154 million net loss in Q1

Wynn Macau reported today a net loss of US$154.1 million (MOP 1.23  billion) in the first quarter. 

7 May, 2020

SJM’s EBITDA falls 118% in Q1, ‘severely impacted by COVID-19’

SJM Holdings Limited announced today that its adjusted EBITDA declined year-on-year to a negative HK$200 million in the first quarter, a decrease of 118.6%.

5 May, 2020

MGM China records negative EBITDA of HK$100 million in Q1

Hong Kong-listed gaming operator MGM China reported today an adjusted negative EBITDA of HK$0.1 billion for the first quarter.

3 May, 2020

Gaming revenue falls 96.8% in April

Macau's gross gaming revenue fell 96.8% year-on-year to MOP 754 million (US$95.1 million) in April.

1 May, 2020

LVS boss Adelson bewails ‘unprecedented’ COVID-19 impact

Las Vegas Sands Chairman and CEO Sheldon G. Adelson said in a statement released today that "the impact of the COVID-19 pandemic on our business has been unprecedented, and I have never seen anything like it in my over 70 years of business."

23 Apr, 2020

Fitch keeps Macau’s long-term credit ratings 

Fitch Ratings, the international ratings agency, has reaffirmed Macau’s credit ratings at "AA", the Macau Monetary Authority (AMCM) said.

21 Apr, 2020

Ho rules out tax cut for casino operators (Update)

While the Chief Executive reaffirmed that the government will not lower Macau’s gaming tax rate of 35%, they will also launch a public consultation on amendments to the city’s current gaming industry law in the second half of this year.

21 Apr, 2020

Ho rules out tax cut for casino operators 

Chief Executive Ho Iat Seng today ruled out a tax cut for Macau's gaming operators. 

20 Apr, 2020

Sands China recommends no final dividend for the year ended December 31 2020

The board of directors of Sands China Ltd. announced that at the meeting of the Board held on April 17, members resolved not to recommend the payment of a final dividend in respect of the year ended December 31, 2019.

20 Apr, 2020

G2E Asia postponed (again) to December, due do COVID-19

Macau's annual Global Gaming Expo (G2E) Asia exhibition has been postponed again due to the COVID-19 pandemic, this time to December 1-3.

17 Apr, 2020

Melco International profit rises 10.5% in 2019

Macau gaming operator Melco International said in a statement on Tuesday that its 2019 profit rose 10.5 per cent to HK$1.8 billion.

1 Apr, 2020

Macau gaming revenue falls 80% in March

Gaming revenue in Macau plunged 79.7% in March compared with the same period in 2019.

1 Apr, 2020

SJM Holdings’ net profit rises 12.5% in 2019

Macau gaming operator SJM Holdings said in a statement to the Hong Kong Stock Exchange on Monday that its net profit rose 12.5% year-on-year to HK$3.2 billion in 2019.

16 Mar, 2020

Nearly half of all casino tables back in operation

A total of 3,100 gaming tables have resumed operation since the reopening of casinos in February, representing 46% of the total number of tables.

11 Mar, 2020

Gaming tax receipts drop 12% in Jan-Feb

The Macau government's income from gross gaming revenue taxes fell 12.1% year-on-year to MOP 17.23 billion (US$2.15 billion) in the first two months of the year.

10 Mar, 2020

Gaming expo G2E Asia in Macau postponed to July over COVID-19 threat

The organiser of the annual gaming expo G2E Asia announced on Tuesday the event's postponement from May 19-21 to July 28-30 at the Venetian in Cotai in response to the novel coronavirus epidemic.  

3 Mar, 2020

Macau gaming receipts fall 87.8% in February

Macau's gross gaming revenues fell 87.8% year-on-year to MOP 3.1 billion last month.

1 Mar, 2020

Sands donates MOP 1.6 million to 33 elderly, rehabilitation centres to prevent COVID-19

Sands China is donating MOP 1.65 million to 33 elderly and rehabilitation centres indicated by the Social Welfare Bureau to assist them in tackling the spread of the COVID-19 and safeguard the health of their over 3,100 users. 

26 Feb, 2020