CHINA EXTENDS SUSPENSION OF INBOUND AND OUTBOUND GROUP TOURS
China’s Ministry of Culture and Tourism has announced that a suspension on both inbound and outbound group tours organized by travel agencies or online travel operators will remain in place. The Chinese authority has also determined not to resume “flights…
MACAU COULD RETURN TO PRE-PANDEMIC LEVELS IN 2022
According to JP Morgan analysts, Macau’s gaming industry will not see a complete recovery until 2022. Macau.- JP Morgan Securities analysts have forecast that Macau gaming revenue will not make a complete recovery to pre-pandemic levels until 2022. According to…
JAPAN IR APPLICATION PROCESS TO BE POSTPONED
According to local media, Japanese authorities will announce the extension of the application period for IR bids. The Japanese government is likely to put back the application period for integrated resort bids by up to a year. Local media reports…
COVID-19 WON’T DELAY MACAU’S 2022 GAMING TENDER
The Secretary for Economy and Finance has confirmed the process will go ahead on schedule. The Secretary for Economy and Finance, Lei Wai Nong, said on Thursday that Macau has no plans to delay its public tender for gaming concessions…
JAPANESE POLICE RAID ORGANIZED CRIME LOCATIONS ON SUSPICION OF RECEIVING MONEY FROM ILLEGAL CASINO
by Shintaro Kamimura The Saitama prefectural police has revealed that it searched locations related to a man, who had been arrested last month for organized criminal activity, on 10 September under allegations that he had received protection money from an illegal…
PAGCOR IN THE RED AS FIRST-HALF GAMBLING ACTION GRINDS TO A HALT
By Erik Gibbs The first half of 2020 has not been kind to the gaming industry. COVID-19 has attempted to maintain control over gambling and, for the most part, has done a good job, unfortunately. Many gaming operators across the globe…
SPAIN’S ONLINE GAMBLING AD LIMITS TO TAKE EFFECT IN OCTOBER
By Steven Stradbrooke Spain’s harsh new online gambling marketing restrictions will likely take effect in October after the European Commission (EC) voiced no objections to the country’s plans. On Wednesday, Spain’s Minister of Consumer Affairs Alberto Garzón announced that he would press the…
PHILIPPINES CASINOS FACE WARNING OF STRICTER LOCKDOWN FOR AUGUST
By Derek Tonin Before Manila-area casinos have any hope of reopening, and definitely before they have a hope of returning to strong revenues, the General Community Quarantine (GCQ) likely has to come to an end. Nobody knows exactly when that day…
US$1 BILLION LOSS FOR MACAU CASINOS IN Q2
Bloomberg analysts expect negative EBITDA for Macau’s six largest casino operators for the period between April and June. Macau.- Bloomberg’s financial analysts believe Macau’s biggest casinos will collectively lose about US$1 billion in the second quarter of 2020. Although projections…
CHINA: TRAVEL WILL RETURN TO GROWTH BY 2022
Analysts expect the Chinese tourists’ appetite for overseas travel to recover beyond 2019 figures within two years. China.- The China Outbound Tourism Research Institute (COTRI) has reported that it expects demand for international travel from China to grow beyond 2019 figures by…