Arkivji Tag: Ċina
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….
Iċ-Ċina - SJM u Galaxy biex iżommu ftehimiet attwali ma 'operaturi junket
L-operaturi tal-każinò tal-Makaw SJM Holdings u Galaxy Entertainment Group it-tnejn ikkonfermaw li se jonoraw il-ftehimiet eżistenti tagħhom mal-operaturi tal-junket tal-inqas sat-tmiem tal-ftehimiet attwali tagħhom. Morgan Stanley qal li aktar gruppi ta’ każinò jistgħu jtemmu l-arranġamenti tagħhom ma’ junkets. Tak Chun, it-tieni l-akbar operatur tal-junket fil-Makaw, ikkonferma li xi każinos għandhom...
China – Latest COVID outbreaks and travel restrictions threaten Macau’s latest Golden Week
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 to crackdown on Macau’s junket operations
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…
Iċ-Ċina – Ir-resort ta' Guangdong mhux tal-logħob ta' Melco jista' jsaħħaħ il-liċenzja tiegħu tal-Makaw
Id-ditta tas-senserija Sanford C. Bernstein temmen li Melco Resorts se jirċievu spinta mill-resort mhux tal-logħob ta 'Melco International f'Zhongshan, belt qrib il-Makaw, fil-provinċja ta' Guangdong, peress li jorbot max-xewqa tal-gvern Ċiniż li l-kumpanija tal-logħob tiddiversifika l-offerti tagħhom. Il-resort Zhongshan se jinkludi lukandi, ristoranti u parks b'tema. u għandu...
