Tagged ivs

Net debt of Macau casino operators has quadrupled since 2019

March 17, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau

The combined net debt of the six licensed casino operators in Macau has reportedly quadrupled since the start of the coronavirus pandemic in late-2019 to currently stand at more than $20 billion. According t...

Morgan Stanley reduces Macau annual gaming revenues prediction

Adam Morgan

May 27, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

The continuing impacts of the coronavirus pandemic have reportedly prompted global brokerage and investments firm Morgan Stanley to lower its predicted 2021 aggregated gross gaming revenues forecast for Macau. ...

Macau casino market continues its slow recuperation

Adam Morgan

March 23, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

The almost 40 casinos in Macau are reportedly continuing to slowly recover from the impacts of the coronavirus pandemic after last week posting a rise of 18% month-on-month in daily aggregated gross gaming reve...

Macau gaming revenues continuing slow recovery

Adam Morgan

December 1, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

The 39 casinos in Macau reportedly saw their aggregated gross gaming revenues for November fall by 70.5% year-on-year to slightly over $845.15 million due in large part to the continuing impact of the coronavir...

Macau casinos benefitting from increased mainland visitation

Adam Morgan

October 27, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

Aggregated gross gaming revenues from the over 40 casinos in Macau are reportedly improving as October wears on due to the increased issuance by regional mainland Chinese authorities of group travel and Individ...

China considering new penalties against foreign casino solicitation

Adam Morgan

October 13, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, China, Gaming Industry News, Economy/Finance, The Players Lounge, Macau, Crime

In China and federal legislators are reportedly considering a number of measures that would bring in stiffer penalties for any firms or individuals found guilty of soliciting citizens into gambling overseas. ...

Macau experiences 90% tumble in September gaming revenues

Adam Morgan

October 1, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

The ongoing coronavirus pandemic is reportedly continuing to negatively impact the 39 casinos in Macau as their aggregated gross gaming revenues for the whole of last month dropped by 90% year-on-year to stand ...

Macau hotels expecting positive ‘Golden Week’ performance

Adam Morgan

September 16, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

In Macau and the beginnings of a post-coronavirus recovery for the local casino industry could reportedly soon be on the cards following news that the city’s combined five-star hotel bookings for the first week...

Macau casinos see light at the end of the coronavirus tunnel

Adam Morgan

September 8, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

The 39 casinos in Macau could have reportedly begun to emerge from their very long coronavirus-induced downturn after recently recording a significant improvement in aggregated average daily rate to approximate...

Macau casinos record disappointing August gaming revenues

Adam Morgan

September 1, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

The 39 casinos in Macau reportedly continued to be negatively impacted by the coronavirus pandemic last month as their aggregated gross gaming revenues decreased by 94.5% year-on-year to stand at just over $166...

China to begin issuing Macau travel visas from August 26

Adam Morgan

August 11, 2020

Latest Casino and Gambling News, Casino News, China, Gaming Industry News, Economy/Finance, Macau

Government officials in mainland China have reportedly announced that they are to once again begin allowing residents of Guangdong Province to visit Macau utilizing Individual Visit Scheme (IVS) and group trave...

Macau to partially revive IVS facility for Chinese visitors from Wednesday

Adam Morgan

August 10, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

The long drought of Chinese tourists entering Macau could soon reportedly be coming to an end following news that local officials have decided to partially revive the Individual Visit Scheme (IVS) for mainland ...

Macau experiences significant decrease in April visitor numbers

Adam Morgan

May 22, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

Ongoing border restrictions put in place to help combat the coronavirus pandemic have reportedly helped to push Macau’s visitor numbers for last month down by 99.7% year-on-year to only 11,041. According to ...

Macau experiences 96.8% drop in April aggregated gross gaming revenues

Adam Morgan

May 1, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

Last month reportedly saw aggregated gross gaming revenues from the 39 casinos in Macau decrease by an unprecedented 96.8% year-on-year to slightly over $94.42 million as travel restrictions implemented due to ...

Mainland economic revival may hasten Macau’s post-coronavirus success

Adam Morgan

April 29, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

International brokerage firm Sanford C Bernstein and Company has reportedly announced that the ultimate recovery of Macau’s casino market may well be hastened by the increasing resurgence of a pair of nearby ma...