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MCHVF News and Press, Mgm China Holdings Ord From 10/19/20

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Company Name: Mgm China Holdings Ord
Stock Symbol: MCHVF
Market: OTC

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MCHVF - Macau recovery timeline pushed back by Union Gaming

Union Gaming turns cautious on the Macau sector after failing to see any signs of a recovery. "Currently, there's too much friction for a large scale recovery in visitation. Although visas are available, the online/automated process is not. Travelers need to apply in person and processing tim...

MCHVF - Golden Week traffic in Macau disappoints

Traffic in Macau fell 85.7% during Golden Week to fall well short of most expectations within the industry. Of the 139,280 visitors to enter during the holiday week, 97,126 came via the Gongbei Border Gate, 4,190 by ferry and 7,149 by plane.JPMorgan reset expectations on a Macau recovery afte...

MCHVF - Macau rebound seen as unlikely until hurdles removed - Roth Capital

Roth Capital Markets warns on the Macau sector after the Macau Government Tourism Office reported visitations were down 86.2% for the first four days of the Golden Week period (October 1-4).Golden Week is being closely watched for some signs of improvement after seven months of dismal gross g...

MCHVF - Macau gaming revenue down 90% in September

Mark down six straight months of abysmal growth in the Macau sector due to the pandemic. Gaming revenue in Macau fell 90.0% in September to 2.21B patacas ($280M) as the pace of recovery was slower than anticipated. Analysts expected gross gaming revenue to fall about 86% during the month. Loo...

MCHVF - Macau casino revenue expected to improve during Golden Week from recent trend

SJM Holdings (SJMHF) CEO Ambrose So Shu Fai expects gross gaming revenue for Golden Week in Macau to come in about 30% to 35% of last year's level. Junket operator Suncity (SCGHF) is more cautious with an estimate that GGR will be about 20% to 30% of the level seen in 2019.Macau GGR has been ...

MCHVF - Macu revenue begins to recover slowly on improved visa issuance backdrop

Average Macau daily casino gross gaming revenue for the first six days of September was at almost double the pace seen in August, according to checks from Bernstein. More news on: Wynn Macau, Limited, Wynn Macau, Limited, Wynn Resorts, Limited, Consumer stocks news, News on ETFs, Rea...

MCHVF - Macau revenue tumbles more than 90% for fifth straight month

Gaming revenue in Macau fell 94.5% in February to 1.33B patacas ($167M), with the relaxation of travel and visa restrictions in some regions only leading to a minor bump of traffic at the very end of the month. More news on: Wynn Macau, Limited, Wynn Macau, Limited, Wynn Resorts, Limited...

MCHVF - Macau revenue expected to slowly improve as visa resumptions factor in

Macau traffic hasn't been dramatically impacted yet by the resumption of exit visas in Zhuhai by Chinese authorities. Daily traffic is over 7K visitors per day vs. about 5.6K visitors per day at the beginning of the month. More news on: Wynn Macau, Limited, Wynn Macau, Limited, Wynn Reso...

MCHVF - Macau stocks on watch after new entry restriction

Authorities in Macau have tightened entry requirements for all arrivals Hong Kong by requiring all visitors provide a health certificate proving that they tested negative for COVID-19 within the last 72 hours. More news on: Wynn Macau, Limited, Wynn Macau, Limited, Wynn Resorts, Limited,...

MCHVF - Another brutal month for Macau revenue as investors look ahead

Macau gross gaming fell by 94.5% Y/Y in July to $1.34B patacas, according to a release by the Gaming Inspection and Coordination Bureau earlier today. More news on: Wynn Macau, Limited, Wynn Macau, Limited, Wynn Resorts, Limited, Consumer stocks news, News on ETFs, Read more ......

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