Macao’s homegrown gaming concessionaire struggled under Covid-19 restrictions and says in a regulatory filing that its losses worsened last year.
Hong Kong Stock Exchange
CEO Lawrence Ho highlighted the impact of “travel restrictions imposed across mainland China and Macau” during the pandemic.
The concessionaire highlighted the impact of the pandemic and said it was ‘unable to reasonably predict’ if future restrictions would affect its business in the future.
Concessionaire plans for the opening of phase 3 of its resort but like others is still counting the cost of the three-year Covid-19 pandemic.
Fate of debt-laden property conceived by Hong Kong entrepreneur Stephen Hung remains in balance; creditors must register claims by end March.
Gloomy results see VIP GGR, once a huge source of income, down to a paltry HK$29 million. CEO hopeful of ‘travel liberalisation’.
Company, founded by outspoken tycoon David Chow Kam Fai, tells Hong Kong Stock Exchange it awaits publication of 2021 annual results.
Major industry players step back in the run-up to new laws which aim to clean up gaming and protect Macao’s image as an international leisure destination.
Troubled junket operation, whose former boss Alvin Chau is in custody, ceases travel business which had made up around 12% of its total revenue.
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