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Cruise stock rally pauses as sailings delayed
Major cruise lines have been pushing back their planned dates to resume sailing as the Covid-19 pandemic drags, helping to dampen a fourth-quarter rally in stocks.
Macau’s Q4 GGR at $2.75 billion, mass market makes up bulk
Macau's gross gambling revenue in the fourth quarter of 2020 was MOP22 billion ($2.75 billion), with mass market baccarat and slots making up about 65 percent of the total, according to quarterly figures released by the Gaming Inspection and Coordination Bureau.
Everi’s David Lucchese appointed AGEM president
Everi Holdings has announced that David Lucchese, its executive vice-president of sales, marketing, and digital, has been appointed President of AGEM (Association of Gaming Equipment Manufacturers).
Moody’s sees slow 2021 start for Melco, rising debt
The New Year has brought little reprieve to Macau’s gaming operators, with analysts scaling back their expectations for the first half of 2021 amidst new outbreaks of Covid-19 across the region.
G2E Asia pushed back to August in Macau
G2E Asia said it is postponing its show in Macau until August 17-19 from its regular May slot due to Covid-19. The exhibition will take place in the Venetian.
Melco earnings recovery seen sluggish, debt rising: Moody’s
Melco Resorts & Entertainment's earnings outlook for 2021 remains sluggish due to the ongoing pandemic and movement restrictions, while its corporate debt is rising due to expansion plans, Moody's Investor Services says.
Macau Gaming Service Index improves in Q4, staff smile more
Macau's Gaming Service Index improved by 17 points to 130 in the fourth quarter of 2020, with the survey finding staff were smiling more, up 41 points. The survey is compiled by the Macau Gaming Research Association.
Macau police indicts four over fake VIP gaming chips
Macau's Judiciary Police has announced that it has indicted four local residents for fraud over the sale of HK$1.47 million (US$189,790) in fake VIP gaming chips to two businessmen, while a fifth suspect remains at large.
Melco Resorts Finance prices offering of 5.375% senior notes
Melco Resorts Finance Limited has announced that it has priced its international offering of 5.375 percent senior notes due 2029.
Macau operators to benefit from cost cuts, business mix in Q4
Lower operating costs and a better business mix are likely to have helped the bottom line of Macau’s operators in the fourth quarter, despite continued low revenues, Morgan Stanley says.