Macao gaming operator MGM China announced Friday that its net revenues decreased by 94% year-on-year to US$47 million in the third quarter.
Business
Gaming operator SJM Holdings said on Thursday that while it has been “severely impacted” by the COVID-19 outbreak and Macao’s ongoing restrictions on entry from the mainland, Hong Kong and other places, as well as the curtailment of transportation channels and quarantine requirements, it has seen “the beginnings of recovery in visitation, hotel occupancy and visitor spending.”
Sheldon Adelson’s Las Vegas Sands is exploring the sale of its casinos in Las Vegas in a move that would mark the mogul’s exit – for now – from the US gambling industry, according to South China Morning Post (SCMP).
The 25th MIF, 2020MFE and 2020PLPEX ended on Saturday, and the three-day exhibitions resulted in the signing of over 100 contracts.
The Macao government insisted today that the special administrative region is not being affected by deflation.
Macao’s number of visitor arrivals surged by 97.7% month-to-month to 449,085 in September.
Macao’s overall residential property price index for June-August dipped by 0.3% over the previous survey period (May-July) to 268.0.
The Commission Against Corruption (CCAC) said in a statement on Thursday that it has detected three cases involving the use of false documents to apply for residency through the government’s qualified investment scheme.
The 25th Macao International Trade and Investment Fair (MIF), Macao Franchise Expo 2020 (MFE) and 2020 Portuguese Speaking Countries Products and Services Exhibition (Macao) (PLPEX), which are running concurrently, started on Thursday, and 52 contracts were signed on the first day.