By Erik Gibbs

Casino

Sands China Boss Feels Macau Concession Extension Inevitable

July 22, 2021

Next year is an important year for casino operators in Macau. The six licensed operators have to prove to the city that they’re worthy of being issued a new concession, but there’s a problem. No one yet knows what is going to be expected of them moving forward. Without some idea of how Macau’s gaming […]

By Julie Moraine

Industry

Macau GGR Rebounds in July, Further Improvement Expected

July 13, 2021

A significant increase in Macau’s daily gross gaming revenue (GGR) registered in the first 11 days of July is bringing back hopes that the gaming industry will somehow manage to rebound strongly in the second half of 2021 and return to pre-pandemic levels. Daily Average GGR Rebounding Daily GGR from July 1 to July 11 […]

By Erik Gibbs

Industry

Macau Still Trying to Find Solid Ground to Recover From COVID-19

July 9, 2021

Macau is having difficulty jumpstarting its economy after the dismal 2020 it was subjected to by COVID-19. There have been good times and bad times, but, overall, there were more bad times than good. According to the latest data from the city’s Financial Services Bureau (FSB), the first six months of the year have been […]

By Jerome García

Business

Sands China Announces Third Waiver to Its $3bn Facility Agreement

July 8, 2021

Sands China entered into its third waiver extension regarding its $3 billion 2018 SCL Credit Facility. Under the third waiver extension, the company extended the loan period and amended conditions without suffering penalties. Sands China Amends and Extends Credit Facility Agreement Sands China, the subsidiary of US-based operator Las Vegas Sands (LVS), announced Wednesday that […]

By Erik Gibbs

Casino

Macau Receives a Little Bit of Good News as Gaming GGR Plummets

July 1, 2021

Last month was not the best month for Macau’s gaming scene, but it certainly wasn’t the worst on record, either. Every month brings new challenges and hurdles that have to be overcome, and June is just the latest to keep Macau’s authorities and gaming properties on their toes. Casino gross gaming revenue (GGR) took a […]

By Erik Gibbs

Industry

Macau Visitation Numbers Likely to Be Less This Year Than Previously Thought

June 28, 2021

When 2021 began, it looked like Macau might be ready to make a significant rebound from the devastation caused by COVID-19 last year. While there weren’t any major upswings in casino revenue, there were steady increases in tourism and activity that painted a brighter picture for the rest of the year. That led the Macao […]

By Erik Gibbs

Industry

Analysts Back Down on Macau Recovery as Hong Kong Restrictions Continue

June 22, 2021

Macau was converted into a virtual ghost town for much of 2020 because of the COVID-19 pandemic. It seemed like 2021 was going to bring a lot of positive activity as restrictions started to be lifted and gross gaming revenue (GGR) began to recover. However, even as industry analysts were starting to become more optimistic […]

By Daniel Gardner

Industry

Macau Authorities Expect to Double Casino Regulators

June 21, 2021

The gambling mecca of Macau is set to face tougher regulations as government authorities look to double the number of casino inspectors. Several departments are tipped to be restructured, as the city looks to ramp up its hold over the casino industry.  The move to beef up supervision of the gambling hub comes as the […]

By Erik Gibbs

Casino

Las Vegas Sands Hopes to Find Аllies as It Fights $12-billion Lawsuit in Macau

June 18, 2021

The case pitting Las Vegas Sands (LVS) against a former business partner is finally getting underway in a Macau courtroom. Marshall Hao, a Taiwanese businessman behind Asian American Entertainment Corporation (AAEC), is suing the casino operator over what he asserts is a breach of contract linked to LVS’s entry into the Macau gaming industry. It’s […]

By Julie Moraine

Legal

Las Vegas Sands Brought to Macau Court over $12B in Damages

June 9, 2021

A lawsuit filed in Macau against Las Vegas Sands (LVS) nearly a decade ago by a former casino license partner is seeking a mammoth compensation from the casino giant, Reuters reports. Claims for 70% of LVS’s Profits Asian American Entertainment Corporation, a company LVS submitted a joint bid for a Macau gaming concession in 2001 […]