Articles tagged “macau”

Stopping Asian Airports From Becoming Protesters’ Punching Bags

Stopping Asian Airports From Becoming Protesters’ Punching Bags

Raini Hamdi, Skift

Unless they live on another planet, most people now know that airports are the perfect places to hold demonstrations and gain maximum coverage for a cause. It’s a message that airport authorities in Asia must correct, particularly as conflicts will continue to simmer in the region.

5 days ago

Campaign to Lure Indonesians to Macau Launches Despite Hong Kong Protests

Campaign to Lure Indonesians to Macau Launches Despite Hong Kong Protests

Raini Hamdi, Skift

Macau wants to diversify its China-heavy arrivals. Indonesia is a good bet, as many Indonesians already visit Hong Kong. But the timing of the campaign isn't good.

2 weeks ago

Macau’s Gaming Revenue Falls in July Amid Hong Kong Protests

Macau’s Gaming Revenue Falls in July Amid Hong Kong Protests

Jinshan Hong, Bloomberg

An unexpected decline in Macau’s gaming revenues raises the question of whether Macau casinos can continue to hold up. Though arrivals had been strong, which helped boost mass-market betting, the Hong Kong protests seem to be a bummer going forward.

1 month ago

Wynn Resorts Unveils $2 Billion Expansion Plan in Macau

Wynn Resorts Unveils $2 Billion Expansion Plan in Macau

Christopher Palmeri, Bloomberg

Wynn Resorts sees a prime opportunity in Asia, with both China and Japan becoming more receptive to gambling and foreign tourism lately. The question is will growth in those markets warrant pricey construction costs?

2 months ago

Fortunes May Soon Improve for Macau’s Casinos

Fortunes May Soon Improve for Macau’s Casinos

Angus Whitley and Daniela Wei, Bloomberg

Since casinos in the region are so dependent on China for customers, an improving Chinese economy is bound to help with growth.

5 months ago

Sands’ Reliance on Macau Fortunes Grows

Sands’ Reliance on Macau Fortunes Grows

Rob Golum, Bloomberg

Macau is producing for Las Vegas Sands, despite doubts early this year about the strength of Chinese spending. The company can thank lady luck for Macau, especially when its home base and Singapore are reporting lower earnings.

5 months ago

Wynn Resorts Walks Away From Crown Deal After Talks Became Public

Wynn Resorts Walks Away From Crown Deal After Talks Became Public

John J. Edwards , Bloomberg

It's likely that Wynn's cold feet about the Crown Resorts deal had more complex origins than the mere public disclosure of talks under way. Wynn wants to expand in Asia beyond Macau so it ain't over until the lights go out.

5 months ago

Macau Sees Strong Chinese Arrivals But Is It a Real Boom?

Macau Sees Strong Chinese Arrivals But Is It a Real Boom?

Daniela Wei, Bloomberg

The good news for Macau is the week-long Chinese New Year holidays brought nearly 900,000 visitors from the mainland. The bad news is many were day-trippers checking out a new bridge and leaving without spending much, or at all.

7 months ago

Macau Casino Revenue Drops for First Time Since 2016

Macau Casino Revenue Drops for First Time Since 2016

Daniela Wei, Bloomberg

Macau's gaming tables are a decent indicator of how hard China's economic slowdown and trade tensions are hitting Chinese consumers. January's revenue figures show a softer-than-expected blow, reaffirming earlier views by casino resorts that China anxiety is overplayed.

8 months ago

400 Million Chinese Will Be Traveling During Lunar New Year

400 Million Chinese Will Be Traveling During Lunar New Year

Daniela Wei and Bruce Einhorn, Bloomberg

Despite the economic uncertainties in China, more people are expected to travel both domestically and internationally during the Lunar New Year holiday. Sure, downturns will definitely hurt the sector — but as someone at InterActiveCorp/Expedia once said, travel is life.

8 months ago

Macau Casino CEO Claims Analysts Overreacting With Negative Forecasts

Macau Casino CEO Claims Analysts Overreacting With Negative Forecasts

Daniela Wei, Bloomberg

Either Melco Chief Executive Officer Lawrence Ho knows something most other people don't about the Macau market or he's spinning a tale.

8 months ago

China’s Slowdown Is Driving Away Some of Macau’s High Rollers

China’s Slowdown Is Driving Away Some of Macau’s High Rollers

Daniela Wei, Bloomberg

The Macau casino stock index has slumped to its lowest level in a year. No wonder. Deutsche Bank has cut its 2019 outlook for casino revenue to 4 percent, from 11 percent, as China feels the pressure of the trade war and other factors.

1 year ago