Galaxy Entertainment To Open Andaz Macau Next Month
25 Aug 2023

Galaxy Entertainment To Open Andaz Macau Next Month

Galaxy Entertainment, the parent company of Galaxy Casino S.A., has revealed that it will officially open its newest hotel, Andaz Macau, on September 15 of this year. In addition, the said hotel, which is a Hyatt brand, is part of the new Galaxy International Convention Center located in Galaxy Macau and is the latest addition to the 28 Andaz hotels placed across the globe. As soon as it opens, Andaz Macau will already break the...

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Macau catalysts distinct from other China sectors
09 Jun 2023

Macau catalysts distinct from other China sectors

While Macau gaming stocks have underperformed Hong Kong’s Hang Seng Index by 7% so far in May, there are reasons why investors should categorise them differently from other equities with exposure to China consumer markets, suggests a report issued recently by the Morgan Stanley banking group. The institution made reference to a sustained sell-off by investors earlier this month, despite the improving trading situation in the Macau...

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Macau casino stocks, bonds on a roll as Chinese visitors return
04 Mar 2023

Macau casino stocks, bonds on a roll as Chinese visitors return

Chinese tourists are returning to Macau in hordes after Beijing lifted its restrictions on travel to the world’s biggest gambling hub, lifting stocks and bonds of casino operators as investors bet on a boom in their revenues. Hong Kong-listed shares of MGM China (2282.HK), Sands China (1928.HK) and Melco International Development (0200.HK) have climbed 11.4%, 6.4% and 12.6% so far this year, respectively, outperforming the...

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Macau Casinos to Operate with Minimum Staff as Cases Boom
22 Jul 2022

Macau Casinos to Operate with Minimum Staff as Cases Boom

As the number of new COVID-19 cases continued to grow in Macau, the Special Administrative Region (SAR)’s Gaming Inspection and Coordination Bureau (DICJ) asked casino operators to cut the number of their gaming floor personnel and enhance testing and protection procedures. The DICJ turned to casino operators in a statement Sunday, asking them to take into account the growing number of new cases which reached 299 according to the...

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Wynn Macau Ltd asked US$6mln for Macau permit extension
06 Apr 2022

Wynn Macau Ltd asked US$6mln for Macau permit extension

Wynn Macau Ltd says its operating entity in the Macau casino market has been asked by the local government to pay MOP47.0 million (US$5.8 million) in return for a circa six-month extension on its present gaming concession, which is currently due to expire on June 26. Wynn Macau Ltd – which runs the Wynn Macau casino resort on the city’s peninsula, and Wynn Palace in the Cotai district – gave the information in its annual report filed...

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