MGM down 10%, Melco and Wynn lose 8%, SJM drops 8% and Galaxy and Sands China close down 5% at end of a tough day’s trading.
Casino boss praises developments in Hengqin and applauds near 100% vaccination rate among staff.
Las Vegas Sands and Wynn Resorts have already turned away from Japan, but Galaxy chairman says the group is seeking out other locations in the country.
Last month’s growth indicated a recovery from last year’s casino takings. However, April’s revenues were still much lower than those in April 2019.
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.
The statement said the payment would be awarded to eligible staff at “senior manager” level and below, covering around 98% of the gaming operator’s employees.
Galaxy Entertainment Group (GEG) Chairman Lui Che Woo said today that “the Macao government continues to perform admirably throughout the [Covid-19] pandemic”.
Galaxy Macau said on Sunday that it is offering complimentary accommodation or a restaurant experience for locals who successfully booked a stay at the hotel for MOP 10 on the internet but were told later it was invalid as it was the result of a system error.
If they do leave due to the China-US trade war worsening further, local or mainland Chinese-funded companies could take over the respective hotel-casino resorts to run the gaming businesses.
Galaxy employees are “secretly” being monitored and manipulated online under a deal struck between the company and a Hong Kong-based digital marketing firm YouFind.
Galaxy Entertainment Group (GEG) said in a statement Thursday that its revenue rose 32 percent year on year to HK$18.5 billion in the first quarter.
Galaxy Entertainment Group reported its unaudited financial results for the three-month-period ending September 30 on Thursday.
Secretary for Economy and Finance Lionel Leong Vai Tac said that the government has not yet decided whether it will
Galaxy Entertainment Group (GEG) Deputy Chairman Francis Lui Yiu Tung called for an open border between Macau and Hengqin Island to promote tourism in both places.
Casino operator Galaxy Entertainment Group (GEG) said on Thursday that its total revenue in the first quarter rose 5 percent year on year to HK$14.1 billion.
Galaxy Entertainment Group (GEG) and SJM Holdings reported on Tuesday their 2016 results. According to a GEG statement to the Hong Kong Stock Exchange, the company recorded a full-year net profit attributable to shareholders (NPAS) of HK$6.3 billion.
