Articles tagged “macau”

Hotels

MGM Resorts Eyes Sale of the Mirage Amid Growth in New Sectors

Out with the old. In with the new. The Mirage is the aging grand dame in the MGM Resorts Las Vegas portfolio compared to newer trophy deals like managing the Cosmopolitan.

Cameron Sperance | 1 month ago

Hotels

Las Vegas Sands CEO Praises China With Macau Gaming License Up for Renewal

Macau is an extraordinarily important gaming market for Las Vegas Sands, and the company’s third quarter earnings call was a giant love fest for China’s gaming regulators. What else are company leaders going to do but schmooze the people in charge of renewing their gaming license?

Cameron Sperance | 2 months ago

Coronavirus

Why MGM Resorts Is Placing a Huge Bet on Asia

The panic's over. Las Vegas' gigantic venues will soon be back selling things like concrete and computers at full capacity. Which is why MGM's CEO and president William Hornbuckle is looking further afield for the brand's next chapter.

Matthew Parsons, Skift | 6 months ago

Tourism

What’s Next for Weary Hong Kong After Bubble With Singapore Burst Again?

A reopening with mainland China would be a lifeboat for Hong Kong's beleaguered tourism industry. Talks seem to be escalating but hopes are kept in check as vaccine hesitancy for now serves as a real bummer for recovery.

Raini Hamdi, Skift | 7 months ago

Coronavirus

Sheldon Adelson’s Legacy Changed Resorts and Casinos Forever

Las Vegas has Sheldon Adelson to thank for its lucrative convention center-casino-hotel model.

Cameron Sperance, Skift | 11 months ago

Hotels

Godfather of Macau’s Rise Into a Gambling Destination, Stanley Ho, Dies at Age 98

Stanley Ho's life was hardly a rags-to-riches story, but he nevertheless will be remembered for his enduring impact on modern gambling in China and Macau.

The Guardian, The Guardian | 2 years ago

Coronavirus

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

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.

Farah Master, Reuters | 2 years ago

Tourism

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

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.

Xinyi Liang-Pholsena, Skift | 2 years ago

Tourism

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

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.

Farah Master and Aleksander Solum, Reuters | 2 years ago

Tourism

Macau Faces Biggest Threat to Growth in 5 Years

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.

Jinshan Hong, Bloomberg | 2 years ago