The Macau health authorities have scrapped guidelines regarding capacity limitations and entry restrictions at the city’s casinos, as part of its city-wide move to roll back existing countermeasures against Covid-19.
The Macao Government Tourism Office (MGTO) has announced the resumption of its “Stay, Dine and See Macao” program, aimed at encouraging residents to take local tours and stay in the city’s hotels.
número de visitantes subiu cerca de 31% entre 2020 e 2021, mas recuou mais de 80% face ao período pré-pandémico. Dados oficiais mostram que, no intervalo de dois anos, a RAEM acolheu quase menos 32 milhões de visitantes. Ao longo do ano passado, Macau registou a entrada de 7.705.943 visitantes, o que traduz um aumento de 30,7% em relação a 2020 e um decréscimo de 80,5% face aos 39.406.181 contabilizados no período pré-pandémico, ou seja, 2019. Os dados ontem divulgados pela Direcção dos Serviços de Estatística e Censos (DSEC) revelam assim que o território “perdeu” 31.700.238 visitantes em dois anos, devido naturalmente ao forte impacto da pandemia. Entre 2020 e 2021, os números de excursionistas (4.009.143) e turistas (3.696.800) aumentaram 30,4% e 31,0%, respectivamente. O período médio de permanência dos visitantes foi estimado em 1,6 dias, mais 0,2 dias do que em 2020. https://jtm.com.mo/local/macau-perdeu-317-milhoes-de-visitantes-em-dois-anos/
Macau casino operator Galaxy Entertainment (0027) has launched a new voluntary resignation scheme for employees, its second in as many years.
The offer this time will include all dealers, who will be given compensation of 270,000 patacas (HK$262,135).
The amount to be paid under the one-off compensation scheme will be based on the position of employees who resign voluntarily, Macau media said.
https://www.thestandard.com.hk/section-news/section/2/237884/Galaxy-places-golden-handshake-on-the-table
A proposta de Lei do Orçamento de 2022 foi aprovada ontem na especialidade no Hemiciclo, mas vários deputados consideraram que as previsões para as receitas do jogo serão “demasiado optimistas”. Defendendo as suas estimativas, o Secretário para a Economia e Finanças apontou o foco para a expansão das fontes de turistas. Lei Wai Nong advertiu ainda que os “junkets” devem tratar bem as questões relacionadas com os seus trabalhadores, “não podendo atribuir as responsabilidades ao Governo”
A Assembleia Legislativa (AL) aprovou ontem na especialidade a proposta de Lei do Orçamento de 2022. No entanto, ao longo do debate, vários deputados classificaram como “demasiado optimistas” as previsões de 130 mil milhões de patacas para as receitas brutas do jogo no próximo ano, atendendo inclusive aos reflexos do caso Suncity. Alguns também alertaram para o impacto que os problemas ligados às salas VIP dos casinos poderão causar nos trabalhadores, nas receitas do jogo e até no futuro do sector pilar de Macau.
Em reacção, o Secretário para a Economia e Finanças defendeu que o Governo fez previsões sobre as receitas do jogo do próximo ano consoante os respectivos dados anteriores e as estatísticas relacionadas com os turistas. “Até ao final de Novembro, as receitas de jogo atingiram 78,9 mil milhões de patacas. Se não houvesse vários ressurgimentos de casos da pandemia, as receitas anuais podiam ser próximas dos 130 mil milhões, tal como previmos no ano passado”, sustentou, frisando que a recuperação do sector do jogo vai depender especialmente da possibilidade de normalização das viagens entre Guangdong, Hong Kong e Macau.
https://jtm.com.mo/local/secretario-nao-vacila-nas-previsoes-para-receitas-de-jogo-em-2022/
There was a dramatic decrease in revenue derived from technical sales and distribution of electronic gaming equipment (EGEs), with the figure decreasing 89.4% to HK$3.8m. Revenue from repair services fell 65.3% to HK$348,025, and revenue from consultancy and technical services dropped 32.2% to HK$1.4m. https://igamingbusiness.com/ape-macau-revenue-plummets-amid-covid-induced-weaker-demand/
MGM China, operadora de jogo com dois casinos em Macau, anunciou hoje uma quebra de 13% dos lucros antes de impostos, juros, amortizações e depreciações (EBITDA) no terceiro trimestre do ano. O grupo de maioria de capital norte-americano anunciou um EBITDA ajustado de 101 milhões de dólares de Hong Kong no terceiro trimestre, comparativamente ao segundo trimestre deste ano. Também as receitas desceram 7% para 2,2 mil milhões de dólares de Hong Kong em relação ao segundo trimestre de 2021, de acordo com o comunicado da empresa. A empresa salientou a quebra de 26% das receitas brutas dos casinos em Macau em outubro, num reflexo do aumento de casos registados no território e também na China em agosto e setembro https://hojemacau.com.mo/2021/11/04/mgm-china-com-quebra-de-lucros-de-13-por-cento-no-3o-trimestre/
O especialista em ‘resorts’ integrados e gestão turística considera que a nova lei do jogo “não é um documento claro”. As perdas dos casinos do território na bolsa, depois do anúncio das alterações legislativas na operação de casinos em Macau, foram superiores a 18 mil milhões. Isso também deixou McCartney apreensivo. “Foi racional?”, questionou. “Não”, respondeu. Outra coisa que também deixou surpreso o académico foi o facto de o novo articulado não fazer menção, numa linha sequer, à pandemia de Covid-19. “Acho surpreendente que o documento não tenha referido nada, confesso”, admitindo que, no que resta, “não houve qualquer surpresa”. O académico, natural da Irlanda do Norte, também relembrou outros problemas que afectaram o sector do jogo e do turismo nos últimos anos, como a lei tabágica em 2016. “Acabou por trazer implicações no que aos turistas da China continental diz respeito”, notou, lembrando que tudo o que mexa com turismo terá de ser cuidadosamente ponderado, uma vez que o PIB do território está dependente 50,3% desse sector. https://pontofinal-macau.com/2021/10/28/macau-precisa-de-mais-planeamento-a-longo-prazo/ https://pontofinal-macau.com/2021/10/28/macau-precisa-de-mais-planeamento-a-longo-prazo/
Macau is on track this year for the lowest level of notified problem gambling in the past decade, according to statistics from the city’s Social Welfare Bureau. In the six months to June 30, there were 25 individuals recorded with problems: all of them were Macau ID holders. Last year, there were 77 cases in total: 90.9 percent of them were locals. Of the aggregate problem gamblers so far in 2021, 84.0 percent of them were men, and the largest-single cohort of the total – i.e., 32.0 percent – involved people aged 30 to 39. https://www.ggrasia.com/macau-on-course-for-new-low-level-of-problem-gambling/
Analysts from Morgan Stanley expect the six gaming operators to report a total of US$23 million in negative industry corporate earnings before interest, taxes, depreciation, and amortization (EBITDA) for the third quarter of this year, following Covid-19 outbreaks in August and late September. This would represent a 108 per cent drop from the previous quarter but only a 1 per cent decrease from the same three month period of last year. https://www.macaubusiness.com/big-six-back-to-red-in-q3-brokerage/
Macau’s gross gaming revenue fell 8% week-on-week to around MOP$243 million per day for the seven days from 13 to 19 September, “largely on volatile VIP” according to a note from brokerage Bernstein. Providing its weekly channel checks, the brokerage estimates month-to-date GGR of MOP$4.8 billion (US$598 million), still 66% lower on a daily basis than in September 2019 but 76% higher than August as Macau continues its recovery from a recent outbreak of COVID-19 across much of mainland China. VIP volumes are up by between 60% and 65% compared with August and by 70% and 80% in the mass market segment. https://www.asgam.com/index.php/2021/09/21/volatile-vip-keeps-macau-ggr-restrained-through-mid-september-bernstein/
Macau’s gaming sector saw its contribution to the local economy, calculated as Gross Value Added, fall by 79.6% year-on-year to MOP$41.85 billion (US$5.22 billion) in 2020, impacted by fewer visitor arrivals amid the COVID-19 pandemic. According to information from the Statistics and Census Service (DSEC), the challenging year saw gross surplus of the sector, which comprises nine enterprises granted various concessions to operate gaming activities, decline by 87.9% to MOP$22.13 billion (US$2.76 billion). Gross Surplus Ratio, a measure of how effectively receipts are converted into surplus, fell by 26.1 percentage points to 36.1%. https://www.asgam.com/index.php/2021/09/13/covid-pandemic-sees-macau-gaming-sectors-value-to-the-economy-fall-80-in-2020-dsec/
Na primeira metade do ano, as concessionárias do jogo registaram um prejuízo de 9.449 milhões de dólares de Hong Kong, devido à situação pandémica. Os resultados contrastam com 2019, o último ano sem pandemia, quando nos primeiros seis meses o somatório das operadoras representou um lucro de 22.189 milhões de dólares de Hong Kong.
Se no período de 2019 todas as operadoras apresentavam lucros, a situação nos últimos seis meses foi bastante diferente. À excepção da Galaxy, que conseguiu resultados positivos de 960 milhões de dólares de Hong Kong, todas as outras empresas registaram perdas.
A concessionária mais afectada na primeira metade do ano foi a Melco Resorts com prejuízos de 3.261 milhões de dólares de Hong Kong. Contudo, os resultados da empresa de Lawrence Ho têm em conta os investimentos fora de Macau, ao contrário das outras concessionárias analisadas. Entre os investimentos, está a construção do casino City of Dreams Mediterrâneo, no Chipre, que deve abrir em meados do próximo ano. https://hojemacau.com.mo/2021/08/27/jogo-operadoras-com-prejuizos-de-quase-10-mil-milhoes-em-seis-meses/
Gaming operator Melco Resorts reported some US$30.1 million (MOP240.6 million) in adjusted property results in the first quarter of 2021, a 44 per cent drop from the previous quarter, but the gaming group remains optimistic for the upcoming Labour Day Golden Week the group indicated in its latest financial report. The group’s net losses also expanded from US$144.8 million in the last months of 2020 to US$162.8 million in the first three months of 2021. The COVID-19 outbreak continues to have a material effect on Melco Resorts’ operations, financial position, and prospects during the second quarter of 2021 […] health-related precautionary measures remain in place at Melco Resorts’ properties in Macau, which continue to impact visitation and customer spending,’ the group states in the report. https://www.macaubusiness.com/melco-operational-losses-increase-in-q1-hopes-for-labour-day-golden-week-recovery/
A MGM China, operadora de jogo com dois casinos em Macau, anunciou hoje receitas superiores a 2,3 mil milhões de dólares de Hong Kong (244 milhões de euros) no primeiro trimestre do ano https://www.noticiasaominuto.com/economia/1742742/operadora-de-jogo-de-macau-mgm-china-com-receitas-de-244-milhoes
A operadora de jogo SJM em Macau anunciou hoje prejuízos de 647 milhões de dólares de Hong Kong (69,4 milhões de euros) no primeiro trimestre de 2021, pior do que o resultado registado em igual período de 2020. https://www.noticiasaominuto.com/economia/1746282/operadora-de-jogo-de-macau-sjm-com-prejuizos-no-primeiro-trimestre
A operadora do jogo Wynn Resorts, que explora dois casinos em Macau, anunciou hoje um prejuízo de 281 milhões de dólares (231,5 milhões de euros) no primeiro trimestre de 2021. Em igual período de 2020, a empresa tinha registado um prejuízo de 402 milhões de dólares (331,1 milhões de euros). As receitas operacionais nos primeiros três meses do ano decresceram 23,9%, em relação ao primeiro trimestre do ano passado. https://executivedigest.sapo.pt/wynn-resorts-a-mae-de-dois-casinos-em-macau-anuncia-prejuizo-de-2315-milhoes-de-euros/
Macau casino operator Galaxy Entertainment Group Ltd reported on Thursday first-quarter adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) of HKD859 million (US$110.6 million), up 203.5 percent from the prior-year period. The figure was down 15 percent sequentially. Revenue for the period was HKD5.07 billion, up 0.5 percent from a year earlier, but flat from the fourth quarter of 2020. Net gaming revenue decreased 4.7 percent year-on-year, to nearly HKD3.86 billion. The figure was up 5.6 percent sequentially. The numbers were given in a summary filed with the Hong Kong Stock Exchange https://www.ggrasia.com/galaxy-ent-posts-us111mln-1q-ebitda-on-flat-revenue/ A operadora do jogo Galaxy, com seis casinos em Macau, anunciou hoje um EBITDA (lucros antes de impostos, juros, amortizações e depreciações) positivo no primeiro trimestre de 859 milhões de dólares de Hong Kong (91,5 milhões de euros). https://www.sapo.pt/noticias/economia/operadora-do-jogo-em-macau-galaxy-com_609cd29f67652d7276e3e138
|
Operadoras |
Resultados EBIDTA |
|
Galaxy |
HKD 859 milhões €91,5 milhões |
|
Sands China |
- USD213 €176,9 milhões |
|
Melco |
MOP240.6 million US$30.1 million |
|
MGM |
€244 million |
|
SJM |
HKD 647 milhões €69,4 million |
|
Wynn |
USD 281 million €231,5 million |
Macau records extraordinary swell in February gross gaming revenues. The casino hotspot of Macau is reportedly continuing to recover from the devastating impacts of the coronavirus pandemic and last month saw its aggregated gross gaming revenues rise by an impressive 135.6% year-on-year to reach in excess of $915.21 million. According to a report from Inside Asian Gaming citing official figures from the enclave’s Gaming Inspection and Coordination Bureau regulator, the notable increase is largely down to the fact that every one of the almost 40 casinos in Macau shut their doors for 15 days in February of last year owing to the outbreak of the highly-infectious contagion https://news.worldcasinodirectory.com/macau-records-extraordinary-swell-in-february-gross-gaming-revenues-92339 + https://www.asgam.com/index.php/2021/03/01/macau-records-ggr-of-mop7-31-billion-in-february-down-8-9-on-january/?utm_source=IAG+BB&utm_campaign=d2afbc4ac7-IAGBBMAKEOVERBLACK_COPY_01&utm_medium=email&utm_term=0_41ef01e2c9-d2afbc4ac7-131421005
Visitor arrivals to Macau during the entire Chinese New Year break totalled 90,615, down 65.3 percent from the prior-year period, according to official data. China’s State Council designated February 11 to 17 inclusive, as the Chinese New Year holiday period for 2021. The city welcomed an aggregate of 13,232 visitors on the seventh and final day of the holiday period, a decline of 26.1 percent year-on-year, showed the official data. http://www.ggrasia.com/macau-cny-visitor-tally-90615-down-65pct-on-prior-year/ Os Serviços de Turismo fizeram saber que, ao longo do período do Ano Novo Chinês, a taxa de ocupação hoteleira rondou, por dia, os 48,3%. Rutger Verschuren, presidente da Associação de Hotéis de Macau, disse ao PONTO FINAL que, apesar dos apelos para que não se realizassem viagens durante este período, o sector hoteleiro da região tinha esperança de que o número de hóspedes fosse maior. https://pontofinalmacau.wordpress.com/2021/02/22/sector-hoteleiro-esperava-mais-do-ano-novo-chines/
During the Chinese New Year week, Macau received just over 90,000 visitors. To be more precise, the city welcomed 12,945 visitors a day, on average. This number is a great disappointment. It comes in the wake of the equally discouraging figures for the National Day week and the Christmas – New Year period. https://www.macaubusiness.com/opinion-12945/
MGM China saw its net revenues decrease 58 percent compared to the prior year quarter to US$305 million. Adjusted Property EBITDAR decreased 78 percent to US$41 million. For the full year 2020, MGM China net revenues decreased 77 percent year-on-year to US$657 million. The Adjusted Property EBITDAR loss was US$194 million in 2020. https://agbrief.com/headline/mgm-resorts-says-us-regional-operations-leading-firms-recovery/
SJM’s results came in mostly below analysts’ expectations and it was the only one of Macau’s operators not to break even at the EBITDA level in the final quarter. For the year, SJM reported a drop in net gaming revenue of 78 percent to HK$7.3 billion. It recorded an adjusted EBITDA loss of $2.08 billion compared with a profit of $4.21 billion the prior year. For Q4, the adjusted EBITDA loss was $323 million, below forecasts from Bernstein Research for $337 million. The result was also favourably affected by one-time gains, without which its performance would have been worse, the firm said. LINK Operadora de jogo de Macau SJM regista prejuízo de 318 ME em 2020. https://www.sapo.pt/noticias/economia/operadora-de-jogo-de-macau-sjm-regista_6034dc975488fb5cdc1e7d7c
A Sands China registou perdas na ordem dos 1,52 mil milhões de dólares americanos, ou seja, 12,15 mil milhões de patacas, o que representa três quartos dos prejuízos da empresa-mãe, a Las Vegas Sands, escreve o portal iGaming Business. Segundo a publicação, os casinos trouxeram 1,17 mil milhões de dólares em receitas, 83,3% abaixo do registado no ano passado, enquanto que as salas VIP produziram 144 milhões de dólares, menos 80,3%, e as receitas dos ‘resorts’ diminuíram 49,3% para 269 milhões de dólares. No Venetian, que continua a ser a principal propriedade da Sands China, facturou 738 milhões de dólares, caindo, ainda assim, 79%. O complexo Sands Cotai Central – agora Londoner – viu as receitas caírem 85,5% para os 297 milhões de dólares. Já o Parisian viu as receitas caírem 84,3% para os 259 milhões de dólares, indica o IGB. https://pontofinalmacau.wordpress.com/2021/02/22/receitas-da-sands-china-caem-devido-a-restricoes-fronteiricas-em-macau/
The number of licensed gaming promoters, or junkets, in Macau has declined by 10 over the past 12 months as the industry’s recent track record of contraction continues. According to information published by the Gaming Inspection and Coordination Bureau (DICJ) on Wednesday, there are now 85 licensed junkets, down from 95 a year ago and well below the peak of 235 back in 2013. The number of licensed junkets has fallen in all but one of the eight years since then, with this year’s figure representing the lowest number since just 77 operators were licensed in 2006. https://www.asgam.com/index.php/2021/01/28/number-of-licensed-junkets-in-macau-drops-to-85-fewest-since-2006-dicj/ Luiz Lam, membro da direcção da Associação de Mediadores de Jogos e Entretenimento de Macau, disse à TRIBUNA DE MACAU que o desenvolvimento do jogo VIP deve seguir a teoria de Darwin. O resultado: uma dezena de grupos de “junkets” vai dominar o mercado no futuro https://jtm.com.mo/local/seleccao-natural-deixara-uma-dezena-de-junkets-dominar-jogo-vip/
Macau tourist arrivals in 2020 plummeted to 5.92 million, a far cry from the visitor numbers in 2019, representing an 85% year-on-year decline.
Last year, the city reached the officials’ expectations of accommodating nearly 40 million tourists as Macau recorded some 39.4 million tourist arrivals.
Analistas da consultora Morgan Stanley reviram a sua previsão anterior para o sector do jogo em Macau, afirmando que a sua receita bruta estimada para 2021 será de 192 mil milhões de patacas, com o EBITDA (resultados antes de juros, impostos, amortizações e depreciações) na ordem das 51 milhões de patacas. A nova estimativa é de 65% dos níveis de 2019, que está abaixo dos 70% considerados até agora consensuais. O enfraquecimento do segmento VIP foi apontado como um dos motivos para a previsão ajustada. A receita do VIP deve ser de 40% dos níveis de 2019 e a receita do mercado de massa deve chegar aos 80%. https://pontofinalmacau.wordpress.com/2021/01/12/morgan-stanley-reve-receita-bruta-de-jogo-em-macau-para-este-ano/
Os casinos de Macau terminaram 2020 com receitas de 60,4 mil milhões de patacas (6,2 mil milhões de euros), uma quebra de 79,3% em relação ao ano anterior, foi hoje anunciado. Em 2019, as receitas dos casinos de Macau tinham sido de 292,4 mil milhões de patacas (cerca de 30 mil milhões de euros), ou menos 3,4% do que em 2018 (31 mil milhões de euros).
The promoters of the Studio City casino resort (pictured) in Macau’s Cotai district have extended for a further 12 months, i.e., to December 31, 2021, “VIP rolling chip operations” at the property. In January 2019, it had been announced Studio City would discontinue VIP operations by January 2020. When that date came around, the property said it was persisting with VIP play for a further 12 months, to January 2021. http://www.ggrasia.com/studio-city-vip-gaming-ops-extended-for-further-year/
Macau gambling industry is still struggling to rebound from the coronavirus impact and the subsequent restriction measures resulting in $27 billion less revenue this year, when a new existential threat is on the horizon: the adoption of the digital currently backed by the People’s Bank of China (PBC), the digital yuan. gamblingnews.com/news/jp-morgan-no-room-for-panic-for-macau-casinos-for-now/
Emperor Entertainment Hotel Ltd, operator of Macau’s Grand Emperor Hotel and Inn Hotel Macau, has reported a HK$141.8 million loss attributable to the owners of the company for the six months to 30 September 2020, down from a profit of HK$177.2 million over the same period last year. The decline follows an 86.3% fall in group-wide revenue to HK$92.9 million, including a 90.9% drop in gaming revenue to HK$51.1 million, due to low visitation to Macau during the COVID-19 pandemic. https://www.asgam.com/index.php/2020/11/26/emperor-e-falls-to-half-year-loss-on-suppressed-macau-gaming-revenues-at-grand-emperor/
Macau casino operator Melco Resorts and Entertainment Ltd has confirmed that some jobs will be lost as the company will be extending the closure of The House of Dancing Water show for “several months” into 2021. The resident production at the City of Dreams Macau casino resort was suspended on June 18, initially until January 2021. The show (pictured in a file photo) was to be revamped by its creative director Franco Dragone, in order to provide an “unprecedented and further-enhanced entertainment experience,” according to a June press release. In a Sunday statement, Melco Resorts said that due to travel restrictions linked to Covid-19, Mr Dragone and his team had “been unable to come to Macau and therefore the show will remain closed for the next several months.” http://www.ggrasia.com/melco-says-more-job-cuts-as-dancing-water-shut-into-2021/
Troubled cruise ship operator Genting Hong Kong has announced the sale of half of its stake in Genting Macau, the company’s wholly-owned local subsidiary that is developing a hotel alongside Macau’s Nam Van Lake. According to a Wednesday filing with the Hong Kong Stock Exchange, the buyer is prominent local real estate investor Ao Mio Leong, who is the founder and representative of development firm Yoho Group. https://www.asgam.com/index.php/2020/11/11/genting-hong-kong-sells-half-its-stake-in-macau-casino-hotel-project/
O presidente da Associação Internacional de Promoção de Grandes Eventos antecipou o adiamento para o próximo ano de exposições com elementos ligados ao entretenimento devido à falta de turistas. Ainda assim, está confiante na atractividade das exposições desta natureza e pretende promover eventos mais “económicos” https://jtm.com.mo/local/mice-acumula-adiamentos/
The average occupancy rate of hotels in Macau fell by 50.4 percentage points year-on-year during the autumn Golden Week holiday period this year, to 43.6 percent, according to the Macao Government Tourism Office. The average nightly room rate of hotel establishments – i.e., hotels and guest houses – fell by 30.0 percent year-on-year during the same period, to MOP1,250.50 (US$156.65). http://www.ggrasia.com/average-macau-hotel-occupancy-44pct-in-golden-week/
Notwithstanding the foregoing, Macau's decisive response to this public health crisis has been notable in the region. This relative success in containing the coronavirus could be attributed to the early government interventions and ongoing community vigilance. In particular, the Macau government has been making necessary decisions and adjustments on a timely basis in view of the latest COVID-19 developments. Macau was the first gaming jurisdiction to close its casinos, and gaming destinations worldwide likewise have suspended their gaming operations amid the pandemic. It is argued that the gaming authorities across jurisdictions have developed a global regulatory standard that the protection of public health supersedes any economic interest and other considerations.
https://www.liebertpub.com/doi/10.1089/glr2.2020.0023
The table cap changed all of that, forcing operators to make sure they were getting the most bang for their buck from the limited number of tables in their possession. And it has been VIP that has felt the pinch. https://www.asgam.com/index.php/2020/10/04/junkets-unmasked-part-2/
There is still uncertainty over when the long-awaited Grand Lisboa Palace – Macau casino operator SJM Holdings Ltd’s first project in Cotai – will open. A final decision on the launch date is being impacted by the poor trading conditions in Macau’s gaming and leisure markets amid the ongoing Covid-19 pandemic, admitted company co-chairman and executive director Angela Leong On Kei (pictured) at an event on Wednesday In her Wednesday comments, Ms Leong said VIP gaming would be an “important” business segment for Grand Lisboa Palace, but she fell short of providing further detail. “VIP [gaming] is an important component” for Grand Lisboa Palace, said Ms Leong. “We’ll adapt to suit client needs, and we will see how Macau’s market conditions evolve.” http://www.ggrasia.com/still-no-opening-date-for-sjms-cotai-project-leong/
O número de exposições e convenções realizadas em Macau no segundo trimestre caiu 89,4% em relação ao período homólogo do ano passado, devido à pandemia, anunciou hoje a Direção dos Serviços de Estatística e Censos (DSEC). https://www.noticiasaominuto.com/mundo/1570978/macau-com-menos-89-4-de-convencoes-e-exposicoes-no-2-trimestre
O grupo Galaxy Entertainment apresentou perdas líquidas de 2.856 milhões de dólares de Hong Kong (313 milhões de euros) no primeiro semestre do ano, devido ao impacto da pandemia Há um ano, a operadora de jogo com seis cassinos em Macau apresentou lucros de 6.680 milhões de dólares de Hong Kong (732 milhões de euros) nos seis primeiros meses de 2019. http://bnldata.com.br/macau-galaxy-perde-313-milhoes-de-euros-no-primeiro-semestre/ + https://www.asgam.com/index.php/2020/08/13/covid-19-impact-sees-galaxy-entertainment-group-fall-to-hk1-37-billion-adjusted-ebitda-loss-in-2q20/?utm_source=IAG+BB&utm_campaign=c41a314b5c-IAGBB_20200814&utm_medium=email&utm_term=0_41ef01e2c9-c41a314b5c-131421005
MGM China reported an Adjusted property EBITDAR loss of US$116 million in the three months to 30 June 2020 as revenue from its Macau IRs plummeted 95% year-on-year to just US$33.2 million.The results, which formed part of parent company MGM Resorts’ 2Q20 results release, follow a decline in visitation to Macau to near zero during the quarter as a result of border restrictions due to COVID-19. Those restrictions have been gradually eased since 15 July. https://www.asgam.com/index.php/2020/07/31/mgm-china-reports-just-us33-million-in-2q20-revenue-on-near-zero-visitation/ As perdas operacionais da MGM China agravaram-se no segundo trimestre e atingiram mil milhões de dólares de Hong Kong no cômputo dos primeiros seis meses, contudo, a empresa mantém liquidez suficiente para operar durante 22 meses quase sem receitas. A operadora acredita que o sector do jogo recuperará rapidamente após o restabelecimento dos vistos individuais https://jtm.com.mo/local/mgm-tem-almofada-financeira-para-dois-anos/
SJM Holdings said it doesn’t expect its revenues to return to their pre-crisis levels this year and at present it’s not possible to predict how long the Covid-19 pandemic will continue to affect its business. The operator does expect spending to return positively once travel restrictions are lifted, but at present there is no visibility on timing. SJM posted a 74.4 percent drop in group revenue in the first six months of 2020 to $4.7 billion ($606.4 million) and swung to a loss at the level of adjusted EBITDA of HK$984 million compared with a profit of $2.0 billion in the same period a year earlier. LINK Macau concessionaire SJM Holdings reported a loss of HK$1.41 billion for the six months to 30 June 2020, a 184.1% decline versus profit of HK$1.68 billion in the first half of last year due to the severe impact of COVID-19. https://www.asgam.com/index.php/2020/07/29/sjm-falls-to-hk1-billion-loss-in-2q20/
With Macau’s borders essentially closed from 27 March to 15 July, and minimal visitor traffic since late January, VIP was hardest hit although all market segments felt substantial pain with GGR down 74.4% to HK$4.37 billion and Adjusted EBITDA by 147.3% to a loss of HK$984 million.
Las Vegas Sands reported its financial results for the quarter ending June 30 and, as expected, they were grim, including a net loss of US$549 million at Sands China. Sands China revenues for the quarter came in at only US$40 million, which was a 98.1 percent drop from the same quarter in 2019. LINK
A crise provocada pela pandemia chegou também ao sector dos junkets. U Io Hung, líder de uma empresa de junkets a operar em Macau disse na passada sexta-feira ao portal GGRAsia que várias salas de jogo VIP suspenderam actividade e que vários funcionários de empresas promotoras de jogo entraram em ‘lay off’. O empresário indicou que, caso o número de turistas não aumente, a crise poderá manter-se no mês de Julho. “Várias salas de jogo VIP foram suspensas, tanto dos principais promotores de junkets como dos promotores de menor escala”, disse U Io Hung, que é também presidente da associação Aliança de Jogos Responsável Asiática. https://pontofinalmacau.wordpress.com/2020/06/29/jogo-vip-salas-suspensas-e-funcionarios-em-lay-off/
Macau’s tourism boss hinted in comments aired on Wednesday that circa 20,000 visitors came to the city in May. That would still be nearly double the 11,041 that arrived in April. Maria Helena de Senna Fernandes, director of the Macao Government Tourism Office (MGTO), said on the radio service of the city’s public broadcaster TDM on Wednesday morning that the aggregate figures for January to May inclusive were 3.25 million. In the equivalent period in 2019 there were nearly 17.19 million arrivals http://www.ggrasia.com/macau-tourism-boss-flags-may-visitors-up-versus-aprils-low/
Macau casino operator MGM China Holdings Ltd says it generated operating revenues of HKD122.5 million (US$15.8 million) in April, and incurred cash operating expenses of approximately HKD346.1 million. Such expenses excluded rent, interest, variable gaming taxes and expected capital expenditures, said the firm in a Wednesday filing. The company said that due to the Covid-19 pandemic its expenses were “significantly in excess of amounts being earned” at both of the group’s properties in Macau. MGM China, controlled by U.S.-based casino operator MGM Resorts International, runs MGM Macau on the city’s peninsula and MGM Cotai (pictured) in the Cotai casino district. http://www.ggrasia.com/mgm-china-april-operating-costs-were-double-its-revenue/ Durante o mês de Abril, a MGM China teve receitas na ordem dos 122,5 milhões de dólares de Hong Kong. Já as despesas operacionais, excluindo juros e impostos, atingiram 346,1 milhões, ou seja 2,8 vezes mais do que as receitas.https://jtm.com.mo/local/gastos-da-mgm-em-abril-atingiram-triplo-das-receitas/
Macau VIP Club operator Suncity Group has informed shareholders that they will be exempted from any loss between February and May 2020, with losses to be indemnified by the group’s independent fiscal reserve. The indemnity will not apply to any shareholders whose shares are withdrawn.In a letter sent to shareholders on Tuesday in which he pledged to support those who have supported the company, Suncity Group CEO Alvin Chau revealed a “robust fiscal foundation” had been built over the years for the group which would now be utilized to navigate the COVID-19 pandemic. https://www.asgam.com/index.php/2020/05/26/suncity-vip-club-announces-sweeping-indemnities-from-independent-fiscal-reserve-to-protect-shareholders-value/
O crescente impacto da pandemia levou a que a Sands China registasse maiores prejuízos em Abril do que em todo o primeiro trimestre. Num comunicado enviado à Bolsa de Hong Kong, a empresa refere que sofreu prejuízos de 180 milhões de dólares americanos (1,4 mil milhões de patacas ao câmbio actual) no mês em análise, após ter contabilizado perdas de 166 milhões (1,3 mil milhões de patacas) entre Janeiro e Março. Em Abril, as receitas líquidas da operadora de jogo ficaram-se pelos nove milhões de dólares americanos, equivalentes a 71,9 milhões de patacas. No mesmo mês de 2019, as receitas líquidas atingiram 700 milhões de dólares, o que significa que se verificou uma descida de 98,7% este ano. https://jtm.com.mo/local/sands-sofreu-prejuizos-de-14-mil-milhoes-em-abril/
Pela primeira vez desde a liberalização de facto do sector, concretizada em 2004, a média do saldo diário das operações dos casinos de Macau atingiu valores negativos na semana passada, reflectindo o forte impacto da pandemia do novo coronavírus, indicam dados divulgados ontem pela Sanford C. Bernstein. Numa nota aos seus clientes, a que a TRIBUNA DE MACAU teve acesso, a consultora refere que, entre 18 e 24 de Maio, os prémios pagos aos apostadores superaram a média diária do encaixe das receitas brutas em cerca de 25 milhões de patacas. Na semana anterior (entre 11 e 17 de Maio), a facturação diária tinha atingido um valor positivo de cerca de 71 milhões de patacas, melhorando ligeiramente face ao início do mês. Segundo a Sanford C. Bernstein, o valor total das receitas acumuladas até ao dia 24 ronda os 700 milhões de patacas, o que traduz um decréscimo anual homólogo de 96% e está em linha com os resultados de Abril, quando os casinos arrecadaram 754 milhões. O mês de Maio deverá assinalar um declínio anual entre 95 e 97%, mas a consultora acredita numa rápida recuperação após o levantamento das restrições fronteiriças, prevendo uma descida de 44% para o cômputo geral de 2020 e um crescimento de 96% em 2021. JTM
15/5
A Associação de Turismo da Ásia Pacífico (PATA) reviu em baixa as previsões para o volume de chegada de visitantes este ano, tendo em conta o impacto do COVID-19. Se, em Março do ano passado, acreditava que Macau receberia 36,7 milhões de visitantes em 2020, a expectativa agora é de que se verifique uma quebra de 37,6% em relação a 2019, ficando-se este número em 26,42 milhões, indicam dados enviados pela PATA à TRIBUNA DE MACAU. De acordo com as estimativas da associação, entre os mais de 26 milhões de visitantes que a RAEM deverá receber este ano, 18,46 milhões deverão chegar da China Continental, 4,97 milhões de Hong Kong e cerca de 660.000 de Taiwan, os três principais mercados turísticos. A lista refere ainda que deverão chegar cerca de 470.000 da Coreia do Sul, 360.000 das Filipinas, 150.000 da Tailândia, 220.000 do Japão, 190.000 dos EUA, 150.000 da Malásia e 100.000 da Índia.
No próximo ano é esperado um crescimento de 76,7% para 46,69 milhões. Anteriormente a PATA antevia que em 2021 deveriam chegar a Macau 39,2 milhões de visitantes. Em 2022 a subida desacelerará, com a percentagem de aumento a ficar-se pelos 17,5%, para 54,84 milhões. Em 2023 deve verificar-se um acréscimo de 9,2% para 59,88% e no ano seguinte de 9,3% para 65,43%. https://jtm.com.mo/local/pata-anteve-rapida-recuperacao-turismo/
7/5
A operadora de jogo Wynn Macau registou mais de 154 milhões de dólares (142,6 milhões de euros) de prejuízo no primeiro trimestre deste ano, menos 180% em relação a igual período de 2019. https://observador.pt/2020/05/07/wynn-macau-com-prejuizo-de-142-milhoes-de-euros-no-primeiro-trimestre-menos-180-que-em-2019/ + http://www.ggrasia.com/wynn-macau-losing-us2mln-a-day-optimistic-about-rebound/
5/5
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29/4
JP Morgan Securities (Asia Pacific) Ltd noted that the situation in Macau might not be as bad as it initially believed. The organization believes a post-pandemic industry recovery might bring Macau’s gross gaming revenue down by 39% in total, despite the 60% drop during the first quarter. The analysts stated, “We are increasingly hopeful that travel curbs could start to ease from next month.” https://www.gamblinginsider.com/news/9009/optimism-for-macaus-gaming-future
26/4
“Considering Beijing just re-shut all gyms in the capital city again over the weekend due to concerns over new case reemergence, we wouldn’t expect the latest restrictions in Guangdong or Macau to be lifted any time soon, particularly as they relate to travel, which has been a key focus of China’s fight against the virus recently,” it said. LINK
24/4
24/4
MGM Resorts International has flagged a 63% year-on-year decline in revenues to US$272 million for its Macau subsidiary, MGM China, in the three months to 31 March 2020. The preliminary results were included in a prospectus issued overnight after MGM Resorts announced a US$500 million bond offering, later upsized to US$750 million, aimed at further increasing the company’s liquidity position in the face of COVID-19. https://www.asgam.com/index.php/2020/04/24/mgm-resorts-points-to-63-decline-in-mgm-china-revenues-as-us750000-bond-offering-announced-to-boost-liquidity/
23/4
Macau casino operator Sands China on Thursday announced a net loss of US$166 million for the first quarter of 2020. This is in comparison to a net income of $577 million in the first quarter of 2019. Total net revenues fell 65.1 percent to $814 million. LINK
21/4
21/4
A agência de notação financeira Fitch Ratings previu que a economia de Macau vai encolher 24% em 2020 e, para este ano, antecipou uma queda de 40% das receitas brutas do jogo na capital mundial dos casinos. “A Fitch projecta que a economia de Macau encolherá (…) em 24% em 2020, com base na nossa premissa de uma queda na receita bruta do jogo de aproximadamente 40%”, indicou em comunicado. A agência de notação financeira explicou que a “esmagadora dependência de Macau no turismo de jogos” constitui um dos principais problemas. “A indústria dos jogos representa 51% da actividade agregada, 22% do emprego e mais de 80% da receita fiscal”, acrescentou. LINK
20/4
O maior evento da indústria do jogo que se realiza em Macau, o Global Gaming Expo Asia (G2E Asia), foi novamente adiado para dezembro, devido à pandemia da covid-19, foi hoje anunciado. https://www.impala.pt/noticias/atualidade/covid-19-adiado-de-novo-maior-evento-da-industria-de-jogo-em-macau/
17/4
A receita bruta de todos os tipos de jogos em Macau cifrou-se em 30 635 milhões de patacas (3829 milhões de dólares), uma quebra de 60% comparativamente aos 76 371 milhões de patacas contabilizados no período homólogo de 2019, informou a Direcção de Inspecção e Coordenação de Jogos. LINK
16/4
As receitas brutas do jogo em Macau atingiram na semana passada o nível mais baixo desde o início da crise epidémica, com uma média diária de apenas 44 milhões de patacas. Nos primeiros 13 dias deste mês, os casinos sofreram uma quebra anual de 92%, segundo dados avançados pela consultora Sanford C. Bernstein. Penalizadas pelo reforço das restrições nas fronteiras, as receitas caíram quase cinco vezes desde meados de Março https://jtm.com.mo/local/jogo-sofre-declinio-acentuado-em-abril/
16/4
14/4
De acordo com o documento hoje divulgado pelo FMI, a economia de Macau, que em 2019 encolheu 4,7% e que este ano deverá recuar 29,6%, em 2021 terá um crescimento substancial de 32%.
Em termos de desemprego, a taxa da capital mundial permanecerá praticamente residual: 2% este ano e no ano seguinte de 1,8%, indicou o FMI. Quanto à inflação, deverá fixar-se nos 2% em 2020 e nos 2,3% no ano seguinte. https://www.noticiasaominuto.com/economia/1456755/economia-de-macau-cai-29-6-em-2020
13/4
13/4
Instinet LLC, the research arm of Nomura, said on Monday that it expects a recovery in Macau casino gross gaming revenue (GGR) “to begin in June”. The brokerage said it believes that a post-Covid-19 recovery among the international casino markets it covers “would occur first in Macau”. http://www.ggrasia.com/macau-casino-recovery-likely-to-start-in-june-nomura/
Nomura Instinent analyst Harry Curtis estimates that second-quarter GGR on the peninsula will tumble 80 percent and that in the July through September period, Macau’s six concessionaires will experience an aggregate revenue tumble of 65 percent before business incrementally improves in the last three months of the year. Macau’s gross gaming revenue (GGR) recovery could take some time – perhaps until 2022 — before turnover there approaches levels seen in 2019 before the the coronavirus smashed the casino industry. https://www.casino.org/news/macau-ggr-recovery-is-going-to-take-time-as-in-multiple-years/
9/4
The Macau SAR government announced on Wednesday a new MOP$13.6 billion (US$1.7 billion) fund for local residents, enterprises and employees, however gaming operators are excluded. https://www.asgam.com/index.php/2020/04/09/gaming-operators-on-the-outer-as-macau-government-launches-us1-7-billion-stimulus-package/
8/4
Casino operator Wynn Resorts Ltd says it expects to continue to have “cash costs in excess” of the amounts it is earning at the group’s properties in Macau, due to the negative impact from the Covid-19 pandemic and the associated restrictions regionally and globally to travel and tourism. That is despite having “fully restored” its casino operations in Macau on March 20, stated the group in a Tuesday press release. http://www.ggrasia.com/wynn-says-macau-operations-in-the-red-for-time-being/
8/4
The Macau government has already spent MOP$50 million (US$6.3 million) on the use of 12 hotels designated as quarantine venues for people entering or returning to Macau since the start of the COVID-19 outbreak. https://www.asgam.com/index.php/2020/04/08/mgto-reveals-mop50-million-spend-on-macaus-designated-quarantine-hotels/
6/4
Macau’s casino operators can reach break-even EBITDA in 2020 with average gross gaming revenue of better than MOP$305 million per day, and cash flow break-even with MOP$395 million per day, according to JP Morgan. Nevertheless, even in a worse case “near-zero revenue” period, JP Morgan says all six Macau concessionaires have “ample liquidity” to survive for over a year, and up to six years in the case of cashed-up Galaxy Entertainment Group. Ranked by liquidity, including cash and financial instruments plus revolver capacity, Galaxy remains particularly well-placed with US$6.8 billion behind, followed by US$4.5 billion for Sands China, US$3.3 billion for SJM, US$2.7 billion for Melco Resorts, US$2.2 billion for Wynn and US$1 billion for MGM China. https://www.asgam.com/index.php/2020/04/06/macau-wide-ggr-of-mop305-million-daily-enough-for-macau-operators-to-reach-break-even-ebitda-in-2020/
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A quebra da receita bruta do jogo em Macau encontra-se dentro de previsto, atendendo aos efeitos da actual epidemia de Covid-19, disse quinta-feira o secretário para a Economia e Finanças, Lei Wai Nong, à saída da reunião plenária do Conselho Permanente de Concertação Social. LINK
3/4
Gaming companies will receive nothing from the government’s 10 billion pataca Covid-19 relief fund, Secretary for Economy and Finance Lei Wai Nong said yesterday.
For the time being, no details have been disclosed about how the fund will operate and who will be eligible for this new support measure, with the government leaving such information for a future announcement to be made shortly after the fund’s establishment. https://macaudailytimes.com.mo/economy-secretary-says-10b-pataca-relief-fund-is-not-for-gaming-companies.html
2/4
A Wynn Macau “ainda não consegue fazer uma estimativa razoável” do impacto da epidemia nos resultados financeiros, no entanto, reconhece que terá consequências negativas nas suas operações. https://jtm.com.mo/local/epidemia-efeito-adverso-na-wynn/
1/4
Os deputados querem que o Governo exija às operadoras uma aposta maior em actividades fora do âmbito do jogo e deram mesmo ideias a ser incluídas nos futuros contratos de concessão. No entanto, estas não devem entrar no raio de acção das pequenas e médias empresas https://hojemacau.com.mo/2020/04/01/operadoras-diversificacao-nao-deve-atropelar-pme-defendem-deputados/ + https://jtm.com.mo/local/prioridade-jogo-e-emprego-dos-trabalhadores/
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Macau casino gross gaming revenue (GGR) declined by 79.7 percent in March in year-on-year terms, but rose sharply judged month-on-month with February, when the city’s casinos were closed for 15 days to halt the spread locally of a novel coronavirus. http://www.ggrasia.com/macau-ggr-down-80pct-y-on-y-in-march-govt/
31/3
+ A Macau government official with oversight of the city’s casino sector said on Thursday that the authorities did not plan to change the rules that require such gaming venues to stay open round-the-clock, all year round.
30/3
The declining trend in Macau’s gross gambling revenue is unlikely to stop before October, according to analysts at Morgan Stanley, who have cut their estimates for the year. The firm now expects GGR to drop by 35 percent this year, down from its earlier estimate for a decrease of 16 percent. It sees a 40 percent rebound next year, compared with its earlier forecast for a 20 percent gain. LIMK
30/3
Os principais clientes das salas VIP vão “desaparecer” devido à quarentena obrigatória implementada por Guangdong, alertou a associação de “junkets”. Para responsáveis do sector, as receitas de Março vão sofrer uma quebra ainda maior do que em Fevereiro e tirar férias sem vencimento vai tornar-se algo inevitável. Para Luiz Lam, membro da direcção da Associação de Mediadores de Jogos e Entretenimento de Macau, a medida implementada “faz com que Macau se torne, de imediato, numa cidade isolada”. “Os residentes não podem ir a Hong Kong porque precisam de se sujeitar a uma quarentena por um período de 14 dias e agora nem ao Continente podem ir”, salientou, em declarações à plataforma “Allin Media”, notando que a última vez em que Macau se tornou numa “ilha isolada” foi durante a Segunda Guerra Mundial. https://jtm.com.mo/local/junkets-anteveem-impacto-desastroso/
26/3
Macau should not expect a recovery in gross gaming revenue until at least next year, according to one gaming analyst. Ben Lee, managing partner of IGamiX Management & Consulting, says that the fundamentals of the world economy have changed, with most major economies now going into lockdown. Lee predicts that pent-up demand for casino visits will not kick off in earnest until next year. “This pandemic is totally unprecedented and so it is difficult to predict how and when we might recover to 2019 levels,” said Lee. “Demand for Chinese goods have already been and will continue to be severely impacted by this worldwide calamity and it will be a long time, probably next year, before we can see better economic conditions leading to improved macros [macroeconomic conditions] for gaming in the region.” https://macaudailytimes.com.mo/gaming-analysis-macau-recovery-not-on-the-cards-this-year-says-one-analyst.html
25/3
Depois de o Chefe do Executivo ter manifestado desilusão por as concessionárias de jogo não se estarem a disponibilizar para ceder os seus hotéis para quarentenas, Inês Chan, da Direcção dos Serviços de Turismo, adiantou que o Governo foi contactado por “alguns hotéis de maior e menor dimensão”. Na conferência de imprensa de ontem, ficou ainda a saber-se que o Instituto de Acção Social já recebeu 150 chamadas relacionadas com conflitos familiares. https://pontofinalmacau.wordpress.com/2020/03/26/hoteleiros-ouviram-ho-iat-seng-e-comecaram-a-contactar-o-governo-para-disponibilizar-quartos/
24/3
Na conferência de imprensa de ontem, o Chefe do Executivo fez saber que tem sido difícil para o Governo encontrar hotéis onde colocar as pessoas que têm de ser sujeitas a quarentena. Ho Iat Seng chamou a atenção das concessionárias de jogo e pediu-lhes que assumissem a sua responsabilidade social, no sentido de arranjar alojamento para quem estiver em isolamento. “Estamos um pouco desiludidos quanto a encontrar hotéis, porque não encontramos hotéis nesses resorts”, afirmou.
24/3
22/3
Macau gross gambling revenue is likely to bounce back with an increase of 55 percent next year and Galaxy Entertainment is one of the best-placed stocks in the longer-term growth story, Bernstein Research wrote in a note. The firm’s base case scenario is now for a decline of about 27 percent in 2020, with both VIP and mass likely to drop at about the same rate. That’s more optimistic than the government’s forecast released on Thursday for GGR to halve. LINK
20/3
Macau registou menos 95,6% de visitantes em fevereiro, devido ao impacto causado pelo Covid-19 no território, que manteve os casinos fechados durante metade desse mês, segundo dados oficiais divulgados hoje. https://www.impala.pt/noticias/atualidade/covid-19-macau-com-menos-956-de-visitantes-em-fevereiro/
20/3
O especialista no jogo Rui Pinto Proença disse hoje à Lusa que apostar no mercado VIP é uma solução imediata para combater a crise que se abateu sobre Macau, capital mundial dos casinos, devido à pandemia da Covid-19. "Acho que os jogadores VIP [grandes apostadores] representam um potencial de receita imediato muito maior, com um menor número de pessoas a deslocarem-se", salientou o advogado da firma MdME e que tem como umas das áreas de especialização as empresas de jogos em Macau e na região Ásia-Pacífico. https://www.rtp.pt/noticias/lusa/aposta-no-mercado-vip-e-solucao-imediata-para-combater-crise-do-jogo-em-macau-diz-especialista_n1213735
19/3
Casino Taipa, located at the Regency Art Hotel (pictured in a file photo), is to close temporarily from 3pm on Thursday (March 19), as that property will be used – for an unspecified duration – by the government to quarantine people arriving in Macau, confirmed the city’s gaming regulator to GGRAsia. The gaming venue is operated under the licence of Macau casino operator SJM Holdings Ltd. http://www.ggrasia.com/one-macau-casino-to-close-as-hotel-used-for-quarantine-dicj/
16/3
Nomura’s Instinet LLC said on Friday there was a possibility the authorities in mainland China might by April or May “reopen” borders with Macau, thereby permitting some tourism traffic to the latter city. http://www.ggrasia.com/mainlander-tourism-to-macau-maybe-by-may-nomura/
13/3
SJM Holdings Co-Chairman and Executive Director Angela Leong On Kei says the company is “doing our best” to prevent any further delays to the opening of its Cotai integrated resort, Grand Lisboa Palace, due to the coronavirus pandemic, despite challenges faced by current restrictions on the entry of non-resident workers to Macau.https://www.asgam.com/index.php/2020/03/13/macau-entry-restrictions-placing-grand-lisboa-palace-opening-date-in-limbo-angela-leong/ + 17/3 Management at gaming operator SJM Holdings Ltd seems to have less confidence than previously – “understandably so” – that it can open its new Grand Lisboa Palace casino resort (pictured) on Cotai by the end of this year, said brokerage JP Morgan Securities (Asia Pacific) Ltd.http://www.ggrasia.com/sjm-less-bullish-on-cotai-scheme-2020-launch-analysts/
12/3
The price of shares in Asian casino operator MGM China Holdings Limited reportedly fell to its lowest level in just over four years on Tuesday due to investor anxieties over the ongoing outbreak of a coronavirus strain that has so far killed over 4,750 people around the world. https://news.worldcasinodirectory.com/mgm-china-holdings-limited-suffering-from-coronavirus-fears-78519
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A Direcção de Inspecção e Coordenação de Jogos (DICJ) registrou, desde 20 de fevereiro, a reabertura de 38 casinos e o reinício de exploração de 3.100 mesas de jogo, o que corresponde a 46% do total de mesas de jogo existentes. De acordo com um comunicado da DICJ, apenas um cassino ainda não apresentou pedido para retomar a atividade, o organismo disse ao PONTO FINAL tratar-se do Macau Jockey Club. http://bnldata.com.br/blog/macau-jockey-club-casino-ainda-nao-apresentou-pedido-para-retomar-atividade/
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Macau concessionaire employees have one less thing to worry about as their industry is crushed by the ongoing effects of the COVID-19 coronavirus. Although many were worried they’d lose their jobs as a result of the economic downturn the territory is currently facing, they’ve discovered a friend in their industry’s regulator https://calvinayre.com/2020/03/09/casino/macau-encourages-operators-and-junkets-to-avoid-layoffs/
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In the nine days from the reopening of Macau’s casinos on February 20, the city welcomed in total fewer than half the tally of tourists it received on average in a single day last year. http://www.ggrasia.com/just-50k-visits-to-macau-in-9-days-as-casinos-reopen-police/
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Gaming Inspection and Coordination Bureau regulator has reportedly sent letters to every one of the city’s six licensed casino operators asking that they temporarily refrain from implementing staff layoffs.https://news.worldcasinodirectory.com/macau-gaming-regulator-asks-for-casino-staff-layoffs-to-be-suspended-78248
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The Macau government currently has no plans to consider giving the local casino industry some tax breaks amid uncertainties over the Covid-19 virus alert. So said Lei Wai Nong (pictured), the city’s Secretary for Economy and Finance, during a Thursday media briefing.http://www.ggrasia.com/no-plans-for-gaming-tax-breaks-for-casinos-macau-govt/
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Macau’s gaming regulator, the DICJ, has written to the city’s gaming operators demanding they refrain from laying off workers after it was revealed that a “top 5” junket operator had laid off around 200 employees due to the impact of the coronavirus on operations. https://www.asgam.com/index.php/2020/03/05/top-5-junket-re-hires-200-laid-off-staff-after-dicj-sends-warning-letter-to-macau-gaming-operators/
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“Assuming the epidemic peaks in the next two months, we might see a recovery in Q3/4,“ IGamiX Management & Consulting’s Ben Lee told the Macau News Agency. “The underlying manufacturing sector in Guangdong province is fragile and will need to recover before we can start to see the players returning to play over more.” https://calvinayre.com/2020/03/03/casino/macau-may-not-recover-until-q3-2020-analysts/
3/3 The President of the Macau Hotel Association, Rutger Verschuren, told Macau News Agency (MNA) that the association members do not believe reducing room rates at this stage is the best way to deal with the crisis which has been affecting the tourism industry since the breakout of the Covid-19 epidemic.
https://www.macaubusiness.com/reducing-room-rates-not-best-tactic-to-deal-with-covid-19-crisis-hotel-association-president/
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Junket group Rich Goldman announced that it has terminated a contract with its last remaining junket partner Hoi Long Sociedade Unipessoal Limitada, which operates eight VIP tables in the Grand Lisboa casino. According to a filing submitted to the Hong Kong Stock Exchange, the company revealed that it was notified by Hoi Long that in light of the challenging economic conditions caused by the Covid-19 outbreak it has decided not to seek an extension of its collaboration contract with SJM Holdings, which will expire from April 2020. https://www.macaubusiness.com/rich-goldman-ceases-contract-with-last-remaining-junket-partner-due-to-covid-19/
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I predict a return to the good old days in Q2 of 2021.
https://www.asgam.com/index.php/2020/03/02/opinion-when-will-casino-business-levels-return-to-normal/
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A receita bruta dos jogos de fortuna e azar nos casinos de Macau registou uma quebra de 87,8% em Fevereiro, para 3104 milhões de patacas (388 milhões de dólares), LINK
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Macau recebeu 2,85 milhões de visitantes em Janeiro passado, uma quebra homóloga de 16,8% devido à epidemia da pneumonia do novo tipo de coronavírus (COV LINK
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Macau sofreu perdas históricas nas receitas do jogo em fevereiro, menos 87,8% em relação a igual período de 2019, num mês em que se fechou os casinos por 15 dias devido ao surto de Covid-19. https://www.noticiasaominuto.com/economia/1423498/jogo-em-macau-sofre-perdas-historicas-menos-87-8-em-fevereiro
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Lui revealed GEG’s expenditure is currently sitting at around US$3 million per day after the implementation of some cost cutting measures but added the company has not yet made any requests to the government for grants or tax breaks. https://www.asgam.com/index.php/2020/02/28/galaxy-spending-us3-million-per-day-but-no-request-for-tax-concessions-francis-lui/
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Based on information previously disclosed by the gaming regulator, two of the city’s gaming venues were yet to ask for permission to resume operations. They were Casino Taipa, at the Regency Art Hotel; and the Casino Macau Jockey Club (pictured in a file photo) in Taipa, located in the Macau Roosevelt Hotel – both venues under the licence of SJM Holdings. http://www.ggrasia.com/only-two-macau-casinos-yet-to-resume-operations-dicj/
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A number of casino expansion projects in Macau have been halted or slowed due to the outbreak of the coronavirus, according to Morningstar analyst Chelsea Tam. Among the delayed projects include Galaxy Macau phases 3 and 4, the Londoner, the Grand Lisboa Palace, and Studio City’s second phase, said Tam LINK
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Recovery in consumer demand for Macau casino services in the wake of the coronavirus alert might happen only in the fourth quarter this year – compared to market consensus that the pickup would be in the third quarter, said a Tuesday note from JP Morgan Securities (Asia Pacific) Ltd. http://www.ggrasia.com/macau-demand-might-not-pick-up-until-4q-jp-morgan/
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the DICJ’s head of inspection Joe Vong said Sunday that the regulator had received complaints from both staff and the public regarding some casinos allowing a high concentration of players at tables https://calvinayre.com/2020/02/25/casino/macau-casinos-reopen-business-anything-but-usual/
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Macao Government Tourism Office (MGTO) Director Maria Helena de Senna Fernandes described the impact of the Covid-19 infection and its associated policies as a “huge blow” to Macau’s tourism industry, far worse than that of the SARS crisis. “Even during SARS we did not see such a large impact… I’ve never seen a situation like this in my life,” she said. LINK
25/2
Macau’s casino regulator “has not received any applications” from the city’s casino operators for gaming tax breaks amid the current coronavirus alert, the body told GGRAsia in response to our enquiry. The Gaming Inspection and Coordination Bureau, also known as DICJ, said so in an email. http://www.ggrasia.com/macau-govt-says-no-request-by-casino-ops-for-tax-breaks/
25/2
A ocupação hoteleira de Macau foi de 11,8% na semana passada, num território que antes do Covid-19 acolhia três milhões de visitantes mensais e em 2019 teve uma ocupação média de 90%, anunciaram as autoridades. https://www.noticiasaominuto.com/economia/1420691/hoteis-em-macau-com-taxas-de-ocupacao-de-11-8-quando-media-era-90
25/2Four more casinos in Macau have resumed operations on Monday, the city’s gaming regulator confirmed to GGRAsia in an emailed statement. In total, 33 of the city’s 39 actives casinos have now reopened, said the Gaming Inspection and Coordination Bureau, also known as DICJ.
http://www.ggrasia.com/four-additional-macau-casinos-resume-ops-dicj/
24/2
Sanford Bernstein said its middling scenario – which it called “conservative” – assumed coronavirus infections globally might peak by early summer, leading to a “modest” recovery in Macau casino business in the third quarter, followed by “more robust strength” in the fourth quarter. https://www.ggrasia.com/bear-case-sees-virus-roil-macau-until-autumn-analysts/
20/2
Macau’s gaming industry is likely to take “quite a long time” to recover from the sharp contraction it is facing related to the novel coronavirus Covid-19 health crisis. So said Lawrence Ho Yau Lung (pictured in a file photo), the chairman and chief executive of Macau-based casino operator Melco http://www.ggrasia.com/macau-to-be-very-quiet-for-quite-a-long-time-lawrence-ho/
20/2
Mr Sisk also provided some colour on the casino reopening at Melco Resorts’ Macau properties on Thursday. “We opened up at Studio City, we had about 10 customers that came in; as we opened up the City of Dreams, maybe 10 to 12 customers,” he said. He added that, due to the stringent public health safety measures in place at casinos, “it’s just not the most comfortable environment to come into right now.” http://www.ggrasia.com/macau-to-be-very-quiet-for-quite-a-long-time-lawrence-ho/
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As autoridades de Saúde de Macau asseguraram hoje que os casinos do território, que reabriram hoje, respeitaram e estão a aplicar as medidas de segurança de prevenção do novo coronavírus. https://www.rtp.pt/noticias/mundo/governo-de-macau-garante-que-casinos-estao-a-respeitar-medidas-de-seguranca_n1206540
20/2
Dezasseis dos 29 hotéis e pensões de Macau que haviam encerrado devido à ameaça do COVID-19 retomaram a actividade, anunciou quinta-feira Inês Chan Lou, dos Serviços de Turismo de Macau. https://macauhub.com.mo/pt/2020/02/21/pt-hoteis-e-casinos-reabrem-em-macau-mas-numero-de-visitantes-continua-a-cair/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+Macauhub_PT+%28Macauhub_PT%29
20/2Macau junket investor Suncity Group has confirmed to GGRAsia that the majority of its VIP gambling clubs in the Macau market will resume operations after the stroke of midnight on Thursday, following the government’s decision not to extend the current closure of the city’s casino industry. http://www.ggrasia.com/suncity-says-most-macau-vip-clubs-operational-on-thursday/
19/2Vinte e nove casinos vão reabrir as portas esta quinta-feira e 12 permanecem encerrados, anunciaram as autoridades da capital mundial do jogo anunciaram as autoridades da capital mundial do jogo, uma das regiões que identificou casos de infeção pelo coronavírus Covid-19. Em conferência de imprensa, as autoridades indicaram ainda que a reabertura de 29 dos casinos corresponde a 1.800 mesas de jogo, um terço do total no território, e que os outros 12 solicitaram um prorrogamento do prazo https://www.dinheirovivo.pt/economia/covid-19-vinte-e-nove-casinos-de-macau-reabrem-portas-12-continuam-fechados/
Reportagem da reabetura https://www.asgam.com/index.php/2020/02/20/back-to-the-future-for-macaus-casinos-as-stroke-of-midnight-rings-latest-moment-in-time/
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Macau’s casino operators have been instructed to implement a series of new safety regulations and restrictions to their gaming floors upon re-opening this week, aimed at preventing large crowds of customers gathering in close confinement. https://www.asgam.com/index.php/2020/02/18/no-more-than-half-of-macaus-gaming-tables-allowed-to-operate-players-limited-to-four-per-table-once-casinos-re-open-macau-government/
19/2
Macau’s casinos can begin to reopen from midnight on Thursday, however there is unlikely to be any improvement in visitation until China resumes its individual visit schemes (IVS), which may take a further six weeks, Nomura Instinet analyst Harry Curtis warns. LINK
19/2
Analysts today indicated – with 24 hours to go for the reopening of Macau’s casinos – that gaming concessionaires could have new demands for the future gambling licenses in 2022, to guard against future exceptional situations similar to the coronavirus outbreak. https://www.macaubusiness.com/closure-of-casinos-could-bring-demands-from-gaming-operators-analysts/
14/2
while Wynn was making its fourth-quarter financial statements public, the company revealed that it is losing up to $2.6 million a day in foregone revenue at two casinos it owns and operates in China. https://www.thetravel.com/coronavirus-causing-las-vegas-based-wynn-resorts-to-lose-nearly-3-million-a-day/
13/2
During a Wednesday conference call with investment analysts to discuss the fourth-quarter results of MGM Resorts, management said the casino closure step in Macau was costing the firm US$1.5 million a day. http://www.ggrasia.com/mgm-murren-to-leave-macau-closure-cost-us1-5mlnday/
12/2
As entradas nas fronteiras de Macau desceram 91,2% e a taxa de ocupação dos hotéis caiu para os 16%, números que ilustram o impacto do surto do coronavírus Covid-19 no território, informaram esta quarta-feira as autoridades. Os dados sobre as entradas em Macau respeitam ao período entre 27 de Janeiro e 11 de Fevereiro, uma diminuição drástica em relação a igual período do no anterior, explicou o chefe da divisão das Relações Públicas da Corporação da Polícia de Segurança Pública, Lei Tak Fai. Já a queda significativa da taxa de ocupação, que obrigou pelo menos 26 estabelecimentos hoteleiros a fechar portas, verificou-se entre 1 e 7 de Fevereiro, esclareceu a chefe do departamento de licenciamento e inspecção da Direcção dos Serviços de Turismo, Inês Chan. LINK
12/2
O sector do turismo lançou pedidos de ajuda ao Governo e à sociedade, uma vez que está completamente paralisado devido ao surto do novo coronavírus. Em declarações à TRIBUNA DE MACAU, o presidente da Associação de Federação da Indústria e Comercial de Turismo e proprietário da agência de viagens Mei Hou advertiu que o sector turístico é o que está a ser mais afectado pela epidemia, uma vez que todas as agências de viagens estão paradas. https://jtm.com.mo/local/sector-turistico-desespera-por-ajuda/
12/2
There is a “strong possibility” of an “extension of the shutdown order” that has temporarily been imposed on Macau casinos to try to stop local infection spread in the wake of the international coronavirus alert, said a Tuesday note from brokerage Sanford C. Bernstein Ltd. http://www.ggrasia.com/strong-chance-macau-casino-shutdown-extended-bernstein/
12/2
Macau’s casino industry will need at least three months for business to return to normal operations once the current coronavirus outbreak is controlled. That is according to the Macau Gaming Equipment Manufacturers’ Association, a body also known as MGEMA. http://www.ggrasia.com/three-months-for-macau-to-recover-from-crisis-trade-group/
7/2
The casino closure step in Macau is costing Wynn Resorts Ltd between US$2.4 million to US$2.6 million a day, said the group’s chief executive Matt Maddox on an earnings conference call on Thursday. Wynn Resorts, the parent company of Macau casino operator Wynn Macau Ltd, reported a loss for the fourth-quarter 2019 http://www.ggrasia.com/macau-casino-closure-costs-up-to-us2-6mln-day-wynn-ceo/
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Analysts at Sanford C. Bernstein stated that the announced shutdown of local casino operations for a 15-day period could lead to ‘awful’ gross gaming revenue results in the first quarter of this year ‘Assuming only a two-week shutdown followed by some soft business resuming in late February and March, Q1 could show GGR y/y decline of 50 per cent. If casinos were to remain closed for the rest of Q1, GGR would show a y/y decline of over 70 per cent,’ the brokerage said in a note today. https://www.macaubusiness.com/2020-q1-gaming-revenues-could-see-50pct-y-on-y-cut-due-to-coronavirus-casino-shutdown-brokerage/
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The Wuhan virus has turned China's gambling mecca of Macao into a ghost town
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“We don’t anticipate any slowdown as a result of the virus,” said Goldstein, adding that the majority of works will be completed in 2020. “Obviously, it depends on what happens in Macau, but as we speak today we see no indication at all of that and we’re full speed ahead on all of our projects in Macau.”https://www.asgam.com/index.php/2020/01/31/sands-confident-coronavirus-impact-wont-slow-macau-redevelopment-projects/
Macau’s casino operators are likely to suffer a “significant” hit to their cash flow thanks to the outbreak of coronavirus, which has just been declared a global health emergency, Fitch Ratings has warned.A research report released on Friday by the credit ratings agency cited the effects of restrictive travel measures put in place by the Macau and Chinese governments as part of efforts to curb the rapid spread of the virus.
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