The travel bubble that is being discussed between Hong Kong and Macau would be a positive step in opening up the market, but wouldn’t necessarily lead to a surge in gross gambling revenue for the territory.
SJM Holding’s long-awaited Grand Lisboa Palace made a low-key debut in late July, filling out the offering on the Macau Cotai Strip as the last major IR planned for Macau.
Melco Resorts & Entertainment Chairman and CEO Lawrence Ho says he’s not expecting any nasty surprises from the upcoming concession renewals in Macau, although stock market investors are not so sure.
Wynn Macau president Ian Couglan said he expects the small cluster of Covid-19 cases currently in Macau to be under control within the next couple of weeks.
MGM Resorts China facing business saw sequential improvement over 21Q1, though its post-pandemic recovery hasn’t come as far along as it has for Las Vegas.
Macau authorities and casino operators are fighting to get on top of the city's outbreak of Covid cases, one which expert Ben Lee calls a "major blow to the industry".
New cases in Macau caused a 60 percent drop in border crossings, expected to worsen as city-wide testing is implemented and authorities struggle to keep up.
Macau Chief Executive Ho Iat Seng said there is no plan to close Macau’s casinos despite the four new Delta variant cases discovered on Tuesday.
Authorities in Macau have locked down a zone of the city, after a family of four local residents were infected with the Delta variant of the coronavirus, prompting the city to apply “immediate prevention” measures on Tuesday.
Shares in Macau operators sold off Tuesday on news of local Covid cases after a 480-day clear streak, but the outbreak is not seen as a game-changer.