Macau

Wynn Resorts Macau unit losing $2 million daily, with revenue down 97.6% in Q2

Continuing to struggle in the wake of the COVID-19 shutdown, Wynn Resorts’ Macau hotel and casino business is suffering a loss of nearly $2 million per day with revenue down 97.6 per cent in the first two months of the second quarter of the current fiscal year.

Hong Kong, Macau working on ‘travel bubble’ to allow SARs residents to travel without being quarantined

Hong Kong and Macau authorities are working on a “travel bubble” that would allow residents of the Chinese Special Administrative Regions (SARs) to travel freely between the two territories without the need for a fourteen-day quarantine on both ends.

Mass market gamers won’t like Macau’s post-COVID19 changes: Morgan Stanley

When Macau’s casinos will eventually get back to normal following COVID19-induced strict health protocols and travel bans, mass market gamers will probably not like the potential changes, Morgan Stanley market analysts underlined in their latest report.

Macau suffers more than 93% decline in Gross Gaming Revenue in May due to lockdown

Macau, the Las Vegas of Asia, continued to experience the brunt of COVID-19-induced prolonged lockdown as its gross gaming revenue (GGR) slipped 93.2 per cent in May. Strict travel controls continued to impede the Special Administrative Region’s recovery efforts and even with relaxation for specific regions, Macau casinos are waiting to welcome crowds at pre COVID-19 levels.