Gaming

Sands expects US$1.48 billion net proceeds from senior notes issue

Sands China said today it estimates that the net proceeds from the offering of senior notes will be about US$1.48 billion (MOP 11.8 billion) and that it intends to use the net proceeds for incremental liquidity and general corporate purposes.

3 Jun, 2020

Sands Chairman Adelson ‘saddened’ by passing of Dr. Stanley Ho

Sands Chairman and Chief Executive Officer Sheldon G. Adelson and his wife Miriam have been saddened by the passing of Macao gaming magnate Dr. Stanley Ho Hung Sun last week.

2 Jun, 2020

Macao gaming revenue falls 93% in May

Macao's gross revenue from games of chance fell 93.2 per cent year-on-year to MOP 1.76 billion (US$221 million) last month, the Gaming Inspection and Coordination Bureau (DICJ) announced today.

1 Jun, 2020

Macau casino magnate Stanley Ho dies at 98 in Hong Kong hospital

Macau gaming magnate Stanley Ho Hung Sun passed away in Hong Kong at the age of 98 today, his family announced outside Hong Kong Sanatorium and Hospital. 

26 May, 2020

Macau gambling king Stanley Ho dies aged 98

Stanley Ho Hung-sun, chairman of Shun Tak Holdings, has died today at age 98.

26 May, 2020

Sands China to invest MOP 17.5 billion in 2020 and 2021

Sands China will maintain its plans for the near future and promises to invest MOP 17.5 billion (US$2.2 billion) between this year and the next.

22 May, 2020

Melco reports US$149.9 million operating loss for Q1

Gaming operator Melco Resorts & Entertainment Limited reported on Wednesday an operating loss of US$149.9 million for the first quarter of this year, compared with operating income of US$191.1 million in the same quarter of last year.

14 May, 2020

Galaxy net revenue falls 61% in Q1

Galaxy Entertainment Group (GEG) said in a statement to the Hong Kong Stock Exchange on Wednesday that its net revenue fell 61% both year-on-year and quarter-on-quarter to HK$5.1 billion in the first quarter.

14 May, 2020

Adelson ‘gives up’ on Japan casino project

US gaming mogul Sheldon Adelson’s Las Vegas Sands has given up on its US$10 billion casino project in Japan, Fox Business reported on Tuesday.

14 May, 2020

Gaming tax receipts fall 47.9% in Jan-April

The government's receipts from gaming taxes fell 47.9% year-on-year to MOP 20.5 billion (US$2.56 billion) in the first four months of the year, the Financial Services Bureau (DSF) announced today. 

12 May, 2020

MGM China says CEO Grant Bowie to retire end-May

US gaming operator MGM China Holdings Limited announced today that Chief Executive Officer Grant R. Bowie has "notified" the company of his decision to retire with effect from May 31.

11 May, 2020

Wynn Macau reports US$154 million net loss in Q1

Wynn Macau reported today a net loss of US$154.1 million (MOP 1.23  billion) in the first quarter. 

7 May, 2020

SJM’s EBITDA falls 118% in Q1, ‘severely impacted by COVID-19’

SJM Holdings Limited announced today that its adjusted EBITDA declined year-on-year to a negative HK$200 million in the first quarter, a decrease of 118.6%.

5 May, 2020

MGM China records negative EBITDA of HK$100 million in Q1

Hong Kong-listed gaming operator MGM China reported today an adjusted negative EBITDA of HK$0.1 billion for the first quarter.

3 May, 2020

Gaming revenue falls 96.8% in April

Macau's gross gaming revenue fell 96.8% year-on-year to MOP 754 million (US$95.1 million) in April.

1 May, 2020

LVS boss Adelson bewails ‘unprecedented’ COVID-19 impact

Las Vegas Sands Chairman and CEO Sheldon G. Adelson said in a statement released today that "the impact of the COVID-19 pandemic on our business has been unprecedented, and I have never seen anything like it in my over 70 years of business."

23 Apr, 2020

Fitch keeps Macau’s long-term credit ratings 

Fitch Ratings, the international ratings agency, has reaffirmed Macau’s credit ratings at "AA", the Macau Monetary Authority (AMCM) said.

21 Apr, 2020

Ho rules out tax cut for casino operators (Update)

While the Chief Executive reaffirmed that the government will not lower Macau’s gaming tax rate of 35%, they will also launch a public consultation on amendments to the city’s current gaming industry law in the second half of this year.

21 Apr, 2020

Ho rules out tax cut for casino operators 

Chief Executive Ho Iat Seng today ruled out a tax cut for Macau's gaming operators. 

20 Apr, 2020

Sands China recommends no final dividend for the year ended December 31 2020

The board of directors of Sands China Ltd. announced that at the meeting of the Board held on April 17, members resolved not to recommend the payment of a final dividend in respect of the year ended December 31, 2019.

20 Apr, 2020