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Articles tagged “macau”

Coronavirus Takes a 80 Percent Bite Out of Macau’s Gaming Revenues in March

Coronavirus Takes a 80 Percent Bite Out of Macau’s Gaming Revenues in March

Farah Master, Reuters

Macau's casinos may have reopened but business is not as usual for these resorts. If there’s anything the coronavirus has shown, it’s that diversification is needed more than ever for the gaming enclave.

5 days ago

Some Asia Hotels Roll Out Quarantine Packages for Travelers Looking to Self-Isolate

Some Asia Hotels Roll Out Quarantine Packages for Travelers Looking to Self-Isolate

Xinyi Liang-Pholsena, Skift

The growing need for quarantine facilities across Asia offers a silver lining for hotels struggling with low occupancies. It goes to show that even in drastic times, opportunities exist.

2 weeks ago

It’s Game On Again in Macau as Casinos Reopen After Coronavirus Suspension

It’s Game On Again in Macau as Casinos Reopen After Coronavirus Suspension

Farah Master and Aleksander Solum, Reuters

With many livelihoods and millions in revenue at stake, gaming-dependent Macau can't afford to keep its casinos closed for too long. A progression of reopening casinos is probably the best the city can do now to restore normalcy.

2 months ago

Macau Faces Biggest Threat to Growth in 5 Years

Macau Faces Biggest Threat to Growth in 5 Years

Jinshan Hong, Bloomberg

New casino resorts in Japan and Vietnam are expected to be “stunning,” raising new questions about Macau’s future growth amid a huge dip in current performance from the trade war and Hong Kong protests.

4 months ago

AirAsia Founder Sees Hong Kong Impact Spreading to Shenzhen and Macau

AirAsia Founder Sees Hong Kong Impact Spreading to Shenzhen and Macau

Yantoultra Ngu, Bloomberg

AirAsia admits demand for flights to Macau and Shenzhen is down, but plays down the impact of Federal Aviation Administration's ban on Malaysian carriers from adding new U.S. routes. That's a setback for AirAsia X that was planning flights to the U.S. West Coast.

5 months ago

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.

7 months 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.

7 months 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.

8 months 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?

9 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.

11 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.

12 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.

12 months ago