It’s a small step, but another in the direction towards normalizing life in Macau, with authorities announcing there is no longer need for a certificate showing a negative nucleic acid test to enter the casinos
Scientific Games is seeing early signs of success in gaming turn around and is likely to build on its recent performance to boost market share, sales volumes and higher win per day, Union Gaming said in a note.
IGT said it expects its revenue and operating income from continuing operations to be higher in Q1, both year-on-year and sequentially. Global lottery is likely to be up "significantly," while global gaming will be in line with Q4 as Covid restrictions continue
Casino patrons will not be forced to show a negative nucleic acid test to enter casinos in Macau, a requirement that has been in place since July last year.
Macau Gross gambling revenue (GGR) in March is expected to be down in the low to mid-sixties percent from the same month last year, though visitation is expected to improve in Spring and travel with Hong Kong may resume from Q2, Bernstein Research said in a note.
Authorities in Sihanoukville have warned visitors not to come to the city and urged its residents to stay in place to curb the spread of a new outbreak of Covid-19.
Moody’s Investors Service has confirmed Crown Resorts' current issuer credit rating of Baa3, but has revised the rating outlook from review for downgrade to negative.
Galaxy Entertainment Group has signed an accord with Accor to bring storied hotel brand, Raffles, to Macau with the opening of an exclusive all-suite tower, Raffles at Galaxy Macau in the second half of 2021.
Macau's gross gambling revenue was down 39.2 percent in February from the prior year period at MOP7.31 billion ($914 million) and was also lower than the MOP8.02 billion recorded in January.
In a report last year, ratings agency Moody’s predicted a surge in merger and acquisitions between online and land-based gambling operators as the latter seek to cement new revenue streams after the chaos wreaked by Covid-19.