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Articles tagged “macau”

News Blog

Macau Announces November Return of Mainland China Tour Groups

Macau plans to reopen to tour groups from Mainland China in November, the city's government announced on Saturday. Macau Chief Executive Ho Iat-seng said China's central government approved the city's request to welcome mainland tour groups again. Their return should be an enormous boost for Macau, a gambling hub that's been hit hard by China's…

Rashaad Jorden | 6 months ago

Hotels

Thailand Looks to Legalize Casinos in Latest Effort to Win Back Tourists

As Thailand pulls out all stops to woo tourists, the number one tourism destination in Southeast Asia pre-pandemic is clearly feeling like it may lose out to its neighbors if it doesn't roll the dice.

Peden Doma Bhutia | 8 months ago

Thailand Looks to Legalize Casinos in Latest Effort to Win Back Tourists

News Blog

MGM in Talks With Genting for Potential Purchase of Resorts World Sentosa

Casino-resort Genting Singapore is in talks with bidders for the purchase of Resorts World Sentosa and US-based MGM Resorts International is one of the top contenders, according to Bloomberg reports. While MGM’s recent talks with Malaysia’s Lim family, that owns 53 percent stake in Genting Singapore, failed to yield an agreement, the Singapore-based casino operator…

Peden Doma Bhutia | 9 months ago

Coronavirus

Casino Resorts Look to Diversify Asia Growth Beyond Macau

MGM Resorts International and Las Vegas Sands aren’t writing off Macau, but they also aren’t solely focusing on China’s gaming hotspot for growth in Asia.

Cameron Sperance | 1 year ago

Casino Resorts Look to Diversify Asia Growth Beyond 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 year ago

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

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 | 1 year ago

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

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 | 2 years ago

Why MGM Resorts Is Placing a Huge Bet on Asia

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 | 2 years ago

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

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 | 2 years ago

Sheldon Adelson’s Legacy Changed Resorts and Casinos Forever

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 | 3 years ago

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