MGM China back to breakeven in second half of October: Hornbuckle
MGM China Ltd’s Macau resorts, MGM Cotai and MGM Macau, have reached breakeven EBITDA levels and are pushing back into profit over the last two weeks of October, according to the company’s Chairperson and Executive Director, Bill Hornbuckle. Providing a...
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MGM China reports US$94 million Adjusted EBITDA loss in 3Q20
MGM China has reported an Adjusted EBITDA loss of HK$730.6 million (US$94.2 million) in the three months to 30 September 2020, down from positive EBITDA of HK$1.55 billion (US$200.0) million over the same period last year as a result of...
South Shore looking to find buyer for Macau hotel THE 13 by March 2021
South Shore Holdings says it hopes to find a buyer for embattled Macau hotel THE 13 by the end of its current financial year ending 31 March 2021. The proposed deadline comes after previous negotiations with a potential buyer to...
SJM confirms early 2021 opening for Grand Lisboa Palace after HK$1 billion 3Q20 loss
SJM Holdings, the parent company of Macau gaming concessionaire Sociedade de Jogos de Macau, S.A., says it expects to open its HK$39 billion (US$5 billion) Cotai integrated resort, Grand Lisboa Palace, in early 2021 – ending speculation the company may...
Daily visitation to Macau reaches 20,000 as quarantine measures for arrivals from Qingdao eased
The number of visitors entering Macau each day has crept past 20,000, while hotel occupancy has climbed to around 40%, as the SAR’s recovery from the impact of the COVID-19 pandemic. The improved numbers were revealed by Macao Government Tourism...
Gaming sector leads the way as direct investment into Macau grows 168% in 2019
The flow of inward direct investment to Macau grew by 167.8% year-on-year to MOP$53.99 billion in 2019, including MOP$43.31 billion in the gaming sector according to information from the Statistics and Census Service (DSEC). The figures also showed that inward...
2020 Asian Gaming Power 50 Black Tie Gala Dinner sold out!
Inside Asian Gaming (IAG) has announced that the 2020 Asian Gaming Power 50 Black Tie Gala Dinner has sold out. The 2020 Asian Gaming Power 50 Black Tie Gala Dinner will be held in the Parisian Ballroom at The Parisian...
Macau GGR showing improvement through October as some Chinese provinces expedite IVS processes: analysts
Macau’s gross gaming revenue is showing notable improvement through the month of October on the back of increasing traffic from non-Guangdong provinces, according to weekly channel checks by analysts. In a Tuesday note, JP Morgan’s DS Kim, Derek Choi and...
