Thursday, October 29, 2020

Macau

Macau inward investment jumped 168% in 2019

Information from the Statistics and Census Service shows that inward direct investment flows into Macao jumped by 167.8 percent year-on-year to MOP 53.99 billion ($6.7 billion) in 2019. Analysed by industry, inflows of direct investment in the Gaming sector and Financial Activities totalled MOP 43.31 billion and MOP 8.52 billion respectively.

Macau to sign AML risk assessment accord with World Bank arm

Macau, which last year was given a strong bill of health when it comes to efforts to combat money laundering and financial crimes, has taken further action by signing an AML risk assessment accord with a unit of the World Bank.
Palazzo Las Vegas

Is LVS on an Asia acquisition trail?

Las Vegas Sands lobbed an “October surprise” into the world of the gaming industry, confirming it’s seeking buyers for its Nevada casinos, effectively leaving it as an Asia-only operator, with properties in Macau and Singapore.
Macau St Paul Ruins

Re-imagining Macau for a diversified future

This pandemic has changed the lives of many Macanese and millions of others globally. In this part of the world, we have moved from controlling its proliferation to managing a potential deep economic fallout as a result of it. 

Las Vegas Sands mulls exit of US gaming with US$6 billion casino sale

Las Vegas Sands Corp is considering the sale of its Las Vegas casinos and is seeking a price tag of about $6 billion and marking an exit from the US gambling industry. 

Macau seen at low risk from Kashgar cases

Macau's Health Bureau’s (SSM) Control of Communicable Diseases and Surveillance of Diseases Department Coordinator Leong Iek Hou says that those who have recently entered after having been in Xinjiang’s prefecture of Kashgar within the past 14 days pose a low COVID-19 risk to Macau.

Macau October GGR seen down 73%: Bernstein

Macau's gross gambling revenue for October is expected to be down 73 percent with channel checks showing GGR up until October 26 at MOP5.95 billion (US$747 million), according to Bernstein research. 

Macau visitation on the rise

Arrivals to Macau surged by 97.7 percent month-to-month to 449,085 last month, according to the Statistics and Census Bureau (DSEC). Meanwhile, hotel occupancy reached 16.4 percent.

Macau legislative panel seeks more concession clarity

A Macau legislative committee has the government to provide more communication about the concession re-tendering process and has called for regulator discussions on the matter. 

Macau operator stocks gain: Suncity surges

Shares in Macau's casino operators all rose on Thursday following an upbeat earnings announcement from Las Vegas Sands, while stock in Suncity Holdings outpaced, surging almost 23 percent on the day.

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Puducherry government urges blanket ban on online gambling

Puducherry government urges blanket ban on online gambling

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Bloomberry Foundation, PAGCOR complete quarantine facilities

Bloomberry Foundation, PAGCOR complete quarantine facilities

Bloomberry Foundation and the Philippine Amusement and Gaming Corp said they have completed the capital region’s largest quarantine facility for Covid-19 patients.
Crown’s Packer admits failures of compliance, shameful behavior

Crown’s Packer admits failures of compliance, shameful behavior

In yet another day of devastating testimony at the New South Wales inquiry into the probity of Crown Resorts, former Chairman James Packer admitted...