Search Results for: melco resort
Macau casino industry to report combined US$102 million EBITDA loss for 1Q22: Morgan Stanley
April 13, 2022
A number of Macau’s casino concessionaires could report negative EBITDA for the three months to 31 March 2022, driven by weaker...
Macau casino stocks are lower with Shanghai COVID cases spiking
April 7, 2022
Soaring COVID cases in Shanghai has put another pall over the Macau casino sector.
Chinese authorities extended a lockdown in ...
Miriam Adelson richest casino boss, Lawrence Ho off Forbes
April 7, 2022
An Adelson family member again takes top spot among those wealthy people who derive riches from Asian casino gambling business, a...
Macau operators losing $800m a quarter as Covid stretches on: Morgan Stanley
March 30, 2022
Macau operators’ gas tanks “are running low” after two years of Covid, with the companies reporting $800 million in losses ...
Golden Dragon Group to shutter all four Macau satellite casinos by mid-2022
March 28, 2022
The four satellite casinos operated by former Macau legislator Chan Meng Kam’s Golden Dragon Group are said to be among seven s...
Macau Police Officer Purportedly Received Bribes from a Casino VIP Room Operator
March 28, 2022
Macau authorities accused a deputy sergeant in the Traffic Division of Macau's Public Security Police Force of accepting payment ...
Macau Legislators Review Gaming Law Amendments, Prepare for Final Reading
March 24, 2022
Macau continues to advance its efforts to update local gambling laws. The committee charged with their review wrapped up another ...
Macau unions fear for satellite casino jobs in law revision
March 23, 2022
Several gaming labour groups affiliated to Macau’s Federation of Trade Unions – the largest local labour organisation – sai...
Belle Corp reports 105% increase in its share of gaming revenues from City of Dreams Manila in 2021
March 18, 2022
Philippines real estate firm Belle Corp reported a 105% increase in its share from gaming revenues at City of Dreams Manila in 20...
Macau Concessionaires Packing on Debt
March 18, 2022
Macau’s six gaming operators are seeing debt burdens swell in the wake of the coronavirus pandemic, and that’s a drag on equi...