Your Search for: Macau

Oak Street acquires Washington Macau Casino from Maverick Gaming

According to county records, Maverick Gaming recently sold Macau Casino, a casino property in Lakewood, Washington, to Oak Street Real Estate Capital. The Chicago-based real estate investment firm agreed to acquire the property for $22,1 million on September 2, but the deal was not recorded until September 20. Maverick was founded in 2017 by a ...

Macau to reopen after COVID reduces gaming revenue to lowest-ever

In July, Macau’s casinos experienced their worst month ever, with gaming revenue falling to a record low as the city cautiously eases COVID-19 prohibitions. The majority of coronavirus restrictions will now be lifted on Tuesday, August 2, 2022. According to Bloomberg, Macau’s gross gaming revenue fell 95 percent to 398 million patacas ($49 million), the ...

Macau schedules bidding process for casino licenses from July 29 to September 14

The Macau Committee for Public Tendering of Concessions for Operation Casino Games of Fortune announced that international gambling companies can submit bids for new operating permits from today, July 29th, to September 14th. According to the official announcement, a maximum of six concessions will be granted, each for a period of ten years. The public ...

COVID-19: Macau extends casinos closure until July 22

Amidst mainland China’s zero-COVID policy, Macau had extended the city lockdown, including the closure of casinos for another week. The week of city lockdown or ‘static management’ started on June 11 when Macau recorded an outbreak with more than 1,500 confirmed cases of COVID-19 and it rose for three weeks. The restriction was planned to ...

Macau shuts down all casinos for a week upon COVID-19 zero-tolerance policy

On Saturday, the Macau SAR government ordered a week-long shutdown for all commercial and industrial businesses, including casinos, due to the COVID-19 zero-tolerance policy. During the shutdown, only essential services are allowed to operate. The reason behind this decision is the discovery of 71 new COVID-19 cases, which brings the total number of positive cases ...

Macau to remain muted, Las Vegas Sands now relies on Singapore

Las Vegas Sands (NYSE: LVS) is welcoming another quarter in the books without reopening its marquee market, Macau. Sands, which currently runs five integrated resorts, had another vote of confidence on Wednesday to encourage investors, offering a favorable risk/reward setup. June was admittedly the worst month of the year for Macau operators in terms of ...
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