South Shore fighting to avoid liquidation, seizure of Macau’s THE 13 Hotel after bank demands full payment of HK$2.48 billion loan
South Shore Holdings Ltd says it has applied to its bank for a “standstill” to prevent enforcement of security over THE 13 Hotel in Macau and liquidation of the company after the bank issued a demand for immediate payment of...
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No more public transport linking Macau and Hong Kong as “Golden Bus” service suspends operations
The shuttle bus service linking Macau and Hong Kong via the Hong Kong-Zhuhai-Macau Bridge has suspended operations from Monday 6 April as part of the latest measures to slow the spread of COVID-19, meaning there is no longer any public...
Melco Resorts parent “in a good position” to ride out COVID-19 on strong 2019 profit growth
Melco International Development Ltd, the majority owner of Asian-based casino operator Melco Resorts & Entertainment, has reported a 10.5% increase in profit to HK$1.8 billion (US$232.2 million) for the year ended 31 December 2019, driven by an increase in gaming...
Genting Hong Kong reports narrowed loss in 2019 but short-term outlook bleak on COVID-19 cruise ship impact
Genting Hong Kong has warned that it expects to record another operating loss in 2020 amid growing uncertainty over the resumption of its core cruise ship business due to the global COVID-19 outbreak. The bleak outlook comes after the Asian-based...
Guangdong Province to quarantine all arrivals from Macau and Hong Kong
Guangdong province has imposed a 14-day mandatory quarantine for all arrivals as of 6am on Friday 27 March as it looks to stop the flow of imported cases of COVID-19 into the country. According to the Disease Control and Prevention...
Macau to announce tightened entry restrictions for Hong Kong and mainland China arrivals
Macau SAR Chief Executive Ho Iat Seng is expected to announce tighter entry policies towards arrivals from Hong Kong and mainland China on Tuesday morning, as more countries around the world edge towards lockdown. The government will hold a press...
Yang Zhihui to retain ownership of Landing International Development after receivers released from receivership
Landing International Development Ltd says the company will continue to be majority owned by its Chairman, Yang Zhihui, after being notified by receivers that they had been released from receivership. The news relates to a November notice that liquidators had...
Genting Hong Kong cancels executive salaries, signals group-wide cuts in bid to narrow COVID-19 losses
The senior executive team of Asian-based gaming and cruise ship operator Genting Hong Kong will waive their entire salaries, and the company will cut the wages of most managers by up to 50% for the remainder of 2020 in a...
