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13:36 Tuesday 26 January 2021
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    Genting Malaysia to prop up New York casino interests in times of distress, says Fitch

    Genting Malaysia to prop up New York casino interests in times of distress, says Fitch

    Time to shine

    Okada Manila issues warning against false rumors that business, assets are for sale

    TCSJohnHuxley completes installation of Blaze LED Technology on Okada Manila gaming floor

    TCSJohnHuxley completes installation of Blaze LED Technology on Okada Manila gaming floor

    Sheraton Grand Macao to remain in use as quarantine venues continue until end of April

    Sands China’s Sheraton Grand Macao to stop accepting quarantine guests during Chinese New Year

    Macau GGR falls 70.5% year-on-year in November to MOP$6.75 billion, slightly down versus October

    Chinese New Year bookings cancelled as China’s COVID outbreaks see Macau visitation slow: analysts

    Moody’s withdraws credit rating on Crown Resorts Euro Medium Term Notes, program said to be halted

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        Dave Smith: Smell of success

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        Scientific Games insists liquidity position strong after adding US$480 million in debt, cutting costs

        Scientific Games appoints Eileen Moore Johnson as Executive Vice President and Chief Human Resources Officer

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        Paltronics announces passing of Stephen Cowan, much-admired Managing Director

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        Dominic Laubach: Global explorer

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          Memories of the man that was Sheldon Adelson

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          Macau: Taking a sensible approach to responsible gaming

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            Creation theory

            Sega Sammy Creation aiming for “maximum fortune” in 2021

            IGT launches new game for its strong performing Ying Cai Shen link

            IGT launches new game for its strong performing Ying Cai Shen link

            Jumbo given GLI certification for new Long Yi Fa jackpot link games

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            Aruze Gaming launches two new pachinko-inspired slot titles into Asia

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              Live-games integration as an effective marketing tool for increasing bets

              TVBET to enter the Montenegro iGaming market

              Manila restrictions ease as Duterte implements General Community Quarantine for National Capital Region

              Philippine police arrest eight alleged members of POGO-linked “kidnap for ransom” gang

              PAGCOR reveals substantial POGO revenue rise in 2018 as enforcement role defended

              Philippines court order preventing new 5% franchise tax could halt POGO exodus

              MGM Resorts looking to raise US$750 million via senior notes offering

              MGM Resorts considering US$13 billion takeover offer for Ladbrokes owner Entain

              Evolution launches world’s first online live Craps game

              Evolution launches world’s first online live Craps game

              Duterte extends “modified” quarantine measures across Metro Manila to 31 May

              PAGCOR sees regulatory fees from POGOs halved as Philippines online gaming industry shrinks

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                AIGF leaders join SBC Digital India’s high-level speaker line-up

                AIGF leaders join SBC Digital India’s high-level speaker line-up

                Winter wonderland

                Alex Pratt, Stuart Hunter take the reins as ICE organizer Clarion Gaming announces management changes

                Founders of leading Indian gaming companies among speakers at upcoming SBC Digital India

                Founders of leading Indian gaming companies among speakers at upcoming SBC Digital India

                Castle in the Sky

                Osaka IR & Inbound Business Seminar canceled due to COVID-19

                SBC launches new SBC Digital 2021 events program

                SBC launches new SBC Digital 2021 events program

                IAG named Lead Media Partner for Phil-Asian Gaming Expo (PAGE)

                Phil-Asian Gaming Expo says Manila’s SMX Convention Centre to be sole venue for PAGE 2021

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                • MACAU
                  Sheraton Grand Macao to remain in use as quarantine venues continue until end of April

                  Sands China’s Sheraton Grand Macao to stop accepting quarantine guests during Chinese New Year

                  Macau GGR falls 70.5% year-on-year in November to MOP$6.75 billion, slightly down versus October

                  Chinese New Year bookings cancelled as China’s COVID outbreaks see Macau visitation slow: analysts

                  “Grand Lisboa Macau” name used in illegal online gambling operation in Vietnam

                  China’s digital yuan to benefit Macau casinos, boost mass and premium mass: Bernstein

                  Zhuhai to accept Macau’s COVID-19 test results

                  Macau on alert as Zhuhai records case of COVID-19 in self isolation

                  All eyes on recovery as MGM China, UMAC hold seminar for MGM staff on mainland China consumption habits

                  All eyes on recovery as MGM China, UMAC hold seminar for MGM staff on mainland China consumption habits

                  Macau registers first COVID-19 case since June in returning flight passenger

                  Macau registers first COVID-19 case since June in returning flight passenger

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                  • JAPAN
                    Reports Yokohama to start RFP in late January

                    Yokohama publishes IR public tender requirements as lengthy RFP begins

                    Macau imposes quarantine restrictions on arrivals from Japan, German, France and Spain

                    Foreign visitor arrivals to Japan down 97.7% year-on-year in December

                    Amax shareholders approve company name change, mobile games apps sale

                    Japan IR contender Oshidori issues positive profit warning on expected US$300 million profit in 2020

                    Osaka Mayor Matsui calls for Tokyo Olympic Games to be postponed until 2024

                    Osaka Mayor Matsui calls for Tokyo Olympic Games to be postponed until 2024

                    Creation theory

                    Sega Sammy Creation aiming for “maximum fortune” in 2021

                    2021: Japan IR – Crunch time

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                      Genting Malaysia to prop up New York casino interests in times of distress, says Fitch

                      Genting Malaysia to prop up New York casino interests in times of distress, says Fitch

                      Time to shine

                      Okada Manila issues warning against false rumors that business, assets are for sale

                      TCSJohnHuxley completes installation of Blaze LED Technology on Okada Manila gaming floor

                      TCSJohnHuxley completes installation of Blaze LED Technology on Okada Manila gaming floor

                      AIGF leaders join SBC Digital India’s high-level speaker line-up

                      AIGF leaders join SBC Digital India’s high-level speaker line-up

                      Sheraton Grand Macao to remain in use as quarantine venues continue until end of April

                      Sands China’s Sheraton Grand Macao to stop accepting quarantine guests during Chinese New Year

                      Macau GGR falls 70.5% year-on-year in November to MOP$6.75 billion, slightly down versus October

                      Chinese New Year bookings cancelled as China’s COVID outbreaks see Macau visitation slow: analysts

                      Trending Tags

                      • POWER 50
                        Power restored

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                        2020 Asian Gaming Power 50: Top of the World

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                        2020 Asian Gaming Power 50: Meet the panel

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                        2020 Asian Gaming Power 50: Number 4 – Lawrence Ho

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                        2020 Asian Gaming Power 50: Number 2 – Sheldon Adelson

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                        • NEWS
                          Genting Malaysia to prop up New York casino interests in times of distress, says Fitch

                          Genting Malaysia to prop up New York casino interests in times of distress, says Fitch

                          Time to shine

                          Okada Manila issues warning against false rumors that business, assets are for sale

                          TCSJohnHuxley completes installation of Blaze LED Technology on Okada Manila gaming floor

                          TCSJohnHuxley completes installation of Blaze LED Technology on Okada Manila gaming floor

                          Sheraton Grand Macao to remain in use as quarantine venues continue until end of April

                          Sands China’s Sheraton Grand Macao to stop accepting quarantine guests during Chinese New Year

                          Macau GGR falls 70.5% year-on-year in November to MOP$6.75 billion, slightly down versus October

                          Chinese New Year bookings cancelled as China’s COVID outbreaks see Macau visitation slow: analysts

                          Moody’s withdraws credit rating on Crown Resorts Euro Medium Term Notes, program said to be halted

                          Trending Tags

                          • FEATURES
                            2021: Japan IR – Crunch time

                            2021: Japan IR – Crunch time

                            In safe hands

                            In safe hands

                            A spirit of social responsibility

                            A spirit of social responsibility

                            Taxation tremors

                            Taxation tremors

                            10 years ago

                            10 years ago

                            Creating an RG culture beyond the boardroom

                            Trending Tags

                            • PEOPLE
                              Dave Smith: Smell of success

                              Dave Smith: Smell of success

                              Scientific Games insists liquidity position strong after adding US$480 million in debt, cutting costs

                              Scientific Games appoints Eileen Moore Johnson as Executive Vice President and Chief Human Resources Officer

                              Creation theory

                              Creation theory

                              Paltronics announces passing of Stephen Cowan, much-admired Managing Director

                              Paltronics announces passing of Stephen Cowan, much-admired Managing Director

                              Dark days

                              POST-COVID2: The most transformative business shock of our lifetimes

                              Dominic Laubach: Global explorer

                              Dominic Laubach: Global explorer

                              Trending Tags

                              • COLUMNISTS
                                Memories of the man that was Sheldon Adelson

                                Memories of the man that was Sheldon Adelson

                                Big money

                                A decade of differentiation

                                A decade of differentiation

                                How to set up for IR success

                                How to set up for IR success

                                Macau: Taking a sensible approach to responsible gaming

                                Macau: Taking a sensible approach to responsible gaming

                                Time to realign?

                                Time to realign?

                                Trending Tags

                                • TECH TALK
                                  Creation theory

                                  Sega Sammy Creation aiming for “maximum fortune” in 2021

                                  IGT launches new game for its strong performing Ying Cai Shen link

                                  IGT launches new game for its strong performing Ying Cai Shen link

                                  Jumbo given GLI certification for new Long Yi Fa jackpot link games

                                  Jumbo given GLI certification for new Long Yi Fa jackpot link games

                                  Aruze Gaming launches two new pachinko-inspired slot titles into Asia

                                  Aruze Gaming launches two new pachinko-inspired slot titles into Asia

                                  First-class showcase in the virtual space

                                  First-class showcase in the virtual space

                                  Badge of honor

                                  Badge of honor

                                  Trending Tags

                                  • iGAMING
                                    Live-games integration as an effective marketing tool for increasing bets

                                    TVBET to enter the Montenegro iGaming market

                                    Manila restrictions ease as Duterte implements General Community Quarantine for National Capital Region

                                    Philippine police arrest eight alleged members of POGO-linked “kidnap for ransom” gang

                                    PAGCOR reveals substantial POGO revenue rise in 2018 as enforcement role defended

                                    Philippines court order preventing new 5% franchise tax could halt POGO exodus

                                    MGM Resorts looking to raise US$750 million via senior notes offering

                                    MGM Resorts considering US$13 billion takeover offer for Ladbrokes owner Entain

                                    Evolution launches world’s first online live Craps game

                                    Evolution launches world’s first online live Craps game

                                    Duterte extends “modified” quarantine measures across Metro Manila to 31 May

                                    PAGCOR sees regulatory fees from POGOs halved as Philippines online gaming industry shrinks

                                    Trending Tags

                                    • EVENTS
                                      AIGF leaders join SBC Digital India’s high-level speaker line-up

                                      AIGF leaders join SBC Digital India’s high-level speaker line-up

                                      Winter wonderland

                                      Alex Pratt, Stuart Hunter take the reins as ICE organizer Clarion Gaming announces management changes

                                      Founders of leading Indian gaming companies among speakers at upcoming SBC Digital India

                                      Founders of leading Indian gaming companies among speakers at upcoming SBC Digital India

                                      Castle in the Sky

                                      Osaka IR & Inbound Business Seminar canceled due to COVID-19

                                      SBC launches new SBC Digital 2021 events program

                                      SBC launches new SBC Digital 2021 events program

                                      IAG named Lead Media Partner for Phil-Asian Gaming Expo (PAGE)

                                      Phil-Asian Gaming Expo says Manila’s SMX Convention Centre to be sole venue for PAGE 2021

                                      Trending Tags

                                      • MACAU
                                        Sheraton Grand Macao to remain in use as quarantine venues continue until end of April

                                        Sands China’s Sheraton Grand Macao to stop accepting quarantine guests during Chinese New Year

                                        Macau GGR falls 70.5% year-on-year in November to MOP$6.75 billion, slightly down versus October

                                        Chinese New Year bookings cancelled as China’s COVID outbreaks see Macau visitation slow: analysts

                                        “Grand Lisboa Macau” name used in illegal online gambling operation in Vietnam

                                        China’s digital yuan to benefit Macau casinos, boost mass and premium mass: Bernstein

                                        Zhuhai to accept Macau’s COVID-19 test results

                                        Macau on alert as Zhuhai records case of COVID-19 in self isolation

                                        All eyes on recovery as MGM China, UMAC hold seminar for MGM staff on mainland China consumption habits

                                        All eyes on recovery as MGM China, UMAC hold seminar for MGM staff on mainland China consumption habits

                                        Macau registers first COVID-19 case since June in returning flight passenger

                                        Macau registers first COVID-19 case since June in returning flight passenger

                                        Trending Tags

                                        • JAPAN
                                          Reports Yokohama to start RFP in late January

                                          Yokohama publishes IR public tender requirements as lengthy RFP begins

                                          Macau imposes quarantine restrictions on arrivals from Japan, German, France and Spain

                                          Foreign visitor arrivals to Japan down 97.7% year-on-year in December

                                          Amax shareholders approve company name change, mobile games apps sale

                                          Japan IR contender Oshidori issues positive profit warning on expected US$300 million profit in 2020

                                          Osaka Mayor Matsui calls for Tokyo Olympic Games to be postponed until 2024

                                          Osaka Mayor Matsui calls for Tokyo Olympic Games to be postponed until 2024

                                          Creation theory

                                          Sega Sammy Creation aiming for “maximum fortune” in 2021

                                          2021: Japan IR – Crunch time

                                          Osaka IR bid included in ordinance for unified Osaka city/prefecture council

                                          Trending Tags

                                          • REGIONAL
                                            • All
                                            • Africa
                                            • Australia
                                            • Cambodia
                                            • China
                                            • CNMI
                                            • Europe
                                            • Hong Kong
                                            • India
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                                            • Latin America
                                            • Macau
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                                            • North America
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                                            • Russia
                                            • Singapore
                                            • South Korea
                                            • Sri Lanka
                                            • Thailand
                                            • Vietnam
                                            Genting Malaysia to prop up New York casino interests in times of distress, says Fitch

                                            Genting Malaysia to prop up New York casino interests in times of distress, says Fitch

                                            Time to shine

                                            Okada Manila issues warning against false rumors that business, assets are for sale

                                            TCSJohnHuxley completes installation of Blaze LED Technology on Okada Manila gaming floor

                                            TCSJohnHuxley completes installation of Blaze LED Technology on Okada Manila gaming floor

                                            AIGF leaders join SBC Digital India’s high-level speaker line-up

                                            AIGF leaders join SBC Digital India’s high-level speaker line-up

                                            Sheraton Grand Macao to remain in use as quarantine venues continue until end of April

                                            Sands China’s Sheraton Grand Macao to stop accepting quarantine guests during Chinese New Year

                                            Macau GGR falls 70.5% year-on-year in November to MOP$6.75 billion, slightly down versus October

                                            Chinese New Year bookings cancelled as China’s COVID outbreaks see Macau visitation slow: analysts

                                            Trending Tags

                                            • POWER 50
                                              Power restored

                                              Power restored

                                              2020 Asian Gaming Power 50: Top of the World

                                              2020 Asian Gaming Power 50: Top of the World

                                              2020 Asian Gaming Power 50: Meet the panel

                                              2020 Asian Gaming Power 50: Meet the panel

                                              2020 Asian Gaming Power 50: Ones to watch

                                              2020 Asian Gaming Power 50 list

                                              2020 Asian Gaming Power 50: Number 4 – Lawrence Ho

                                              2020 Asian Gaming Power 50: Number 1 – Francis Lui

                                              2020 Asian Gaming Power 50: Number 4 – Lawrence Ho

                                              2020 Asian Gaming Power 50: Number 2 – Sheldon Adelson

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                                              Opinion: When will Macau casino business levels return to normal?

                                              Alidad Tash by Alidad Tash
                                              Monday 2 March 2020 at 18:11
                                              Macau casinos could be closed if risk of Wuhan virus rises: Ho Iat Seng
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                                              The most pressing question in Macau has been when will casino business levels return to normal? Defining “normal” as three months of GGR matching or exceeding the same period in 2019, most analysts are predicting an optimistic Q3 or Q4 recovery. I predict a return to the good old days in Q2 of 2021.

                                              With the sudden spread of the Covid-19 virus to outside China, we are on the cusp of a pandemic which will devastate economies worldwide. Blue chip companies like Microsoft and Apple have already warned of lower earnings due to supply chain issues, before the spread of the virus within the US. The 11-year economic recovery will likely end this year, which, combined with China’s slump, will trigger a global recession.

                                              The Chinese government will offer an aggressive monetary stimulus in order to revive its key industrial and financial sectors, which coincidentally generates the capital of many of Macau’s premium and VIP players. The government will not look favorably on these players spending their time and money in casinos – many foreign-owned – instead of working on economic recovery.

                                              Reduced demand for Chinese goods may also lead to factory layoffs, adversely affecting the ability and mood of the mass segment as well.

                                              For Macau to get back to the good old days, it needs four factors: First, transportation to be revived (which the central government favors); second, visas to be issued (which can be deliberately slow-walked); third, player sentiment to turn positive (difficult during recessions); and finally, access to money (increasing crackdown by the government on underground banking and Union Pay).

                                              Economies around the world – especially China – are expected to undergo an extended period of uncertainty. Casinos, reliant on demand and player sentiment, will undoubtedly be affected until the next recovery.

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                                              Alidad Tash

                                              Alidad Tash

                                              Alidad Tash is the managing director at 2nt8 Limited, a consultancy specializing in international casinos and integrated resorts.
                                              He has 20 years of gaming experience, leading analytics at Venetian Las Vegas and Sands China before overseeing strategy and gaming operations at Melco Resorts.

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