Tag-Archiv: China
China – Fitch Ratings says the slow reopening of China’s borders will delay APAC casino’s rebound
Fitch Ratings has said that China’s decision to slow the reopening of its borders will limit international tourism across the Asia-Pacific region and hamper the rebound of the casino industry. Fitch analysts George Xu and Stephen Schwartz said: “International travel remains subdued across APAC as border restrictions are being reimposed amid the Omicron COVID-19 variant….
China – SJM und Galaxy behalten bestehende Verträge mit Junket-Betreibern bei
Die Macao-Casinobetreiber SJM Holdings und Galaxy Entertainment Group haben beide bestätigt, dass sie ihre bestehenden Vereinbarungen mit Junket-Betreibern mindestens bis zum Ende ihrer aktuellen Verträge einhalten werden. Morgan Stanley sagte, dass weitere Casino-Gruppen ihre Vereinbarungen mit Junkets beenden könnten. Tak Chun, der zweitgrößte Junket-Betreiber in Macau, bestätigte, dass einige Casinos…
China – Die jüngsten COVID-Ausbrüche und Reisebeschränkungen gefährden die jüngste Goldene Woche in Macau
The latest outbreak of COVID-19 will put a huge dampener on Macau’s Golden Week, set to run from October 1 to 7 with analysts predicting that half of the people who have booked their travel and accommodation will now be unable to make the trip. The SAR has declared a ‘state of immediate prevention’ following…
China – Macau’s casino share prices fall as Government confirms public consultation
Shares in Macau’s casino operators have lost a third of their value, plummeting by $14bn, due to investor fears over a government consultation that could see tighter restrictions brought into effect. Wynn Macau fell by 34 per cent to a record low with a similar 28 per cent dip for Sands China. Macau’s secretary for…
China – China geht hart gegen Macaus Junket-Operationen vor
The Macau casino sector is facing a series of shake-ups when the new concessions are approved with the government looking at axing the sub concession model and cracking down on how casinos handle junkets. Analysts believe the crackdown will see the size of the junket market in Macau shrink with a ‘much smaller junket operation…
China – First infections since February 2020 see Macau move into state of ‘immediate pandemic prevention’
Macau has entered a state of ‘immediate pandemic prevention’ with the government stating ‘Macau is now facing a high risk of COVID-19 transmission and pandemic outbreak in the local community.’ A family of four tested positive for the Delta variant, becoming the first infections in Macau for almost a year and a half. “In order…
China – Melco reduces operating loss as EBIDTA bounces back at all its Macau casinos
Melco Resorts generated operating loss for the second quarter of 2021 of US$128.1m, compared with operating loss of US$370.8m in the second quarter of 2020. Total operating revenues for the second quarter of 2021 were US$566.4m, representing an increase of approximately 222 per cent from US$175.9m for the comparable period in 2020. The increase in…
China – Macau GGR could set new records again by 2025
Brokerage firm Sanford C. Bernstein believes Macau’s recovery will be complete by 2025 with predictions it could equal the all-time record of MOP$360.8bn (US$45.2bn) generated in 2013. The report states that if border restrictions with mainland China are relaxed in the near future, this year’s revenues could increase by 144 per cent year-on-year. Bernstein analysts…
China – Melcos Nicht-Gaming-Resort in Guangdong könnte seine Macau-Lizenz stärken
Das Maklerunternehmen Sanford C. Bernstein geht davon aus, dass Melco Resorts durch das Nicht-Glücksspiel-Resort von Melco International in Zhongshan, einer Stadt in der Nähe von Macau in der Provinz Guangdong, Auftrieb erhalten wird, da es dem Wunsch der chinesischen Regierung entspricht, dass Glücksspielunternehmen ihr Angebot diversifizieren. Das Zhongshan Resort wird Hotels, Restaurants und Themenparks umfassen. und sollte…
