MCHVY News and Press, MGM China Holdings Ltd. ADR From 06/07/21

Photo by Sean Pavone/iStock via Getty Images The Macau sector continues to be bogged down by restrictions in place due to the pandemic. Jefferies warns that COVID-19 infections in Guangdong are a negative and continue to hamper the recovery for the Macau casino sector. Analyst David Katz thin...

Macau gross gaming revenue rose 492% in May to $10.4 patacas ($1.3B), according to data from the Gaming Inspection and Coordination Bureau. That mark topped the consensus expectation for a gain of 467% during the month against the soft pandemic comparable. Macau GGR in May was up 24% from the...

Macau gross gaming revenue rebounded to its highest post-COVID level during the region's Labor Week. JPMorgan says the revenue tally reflects a strong rebound in the premium-mass segment and extended length-of-stay, while Bernstein analysts say they expected a more robust GGR uplift to begin ...

MGM China Reports 2021 First Quarter Financial Data PR Newswire Positioned for Market Recovery Maintained Healthy Balance Sheet HONG KONG , April 29, 2021 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2...

UBS doesn't think the same government calls will be made for people not to travel to Macau for the May Day Golden Week period as were made in February for the Chinese New Year holiday. The firm bases its conviction off a conversation with a local official."We are now at a similar timeframe be...

Bank of America says Guangzhou traffic levels were down -12% Y/Y from normal for the week ending March 13 to mark the best week this year and indicate a sharp recovery from the 2021 average traffic drop of -26%. "China RevPAR was -30% vs. 2019, above the four-week rolling average of -40%. In ...

The top tourism exec in Macau thinks the gambling region could welcome 6M to 10M visitors in 2021 in just a partial recovery from the 39.4M tourists tallied in 2019 and 35.8M visitors in 2018.During the crucial Chinese New Year period that runs until February 17, Mainland China is the only lo...

MGM China Reports 2020 Annual Results Sequential Improvement and Turnaround in Fourth Quarter Maintained Healthy Balance Sheet PR Newswire HONG KONG , Feb. 10, 2021 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 22...

Gross gaming revenue in Macau fell 63.7% Y/Y in January to 8.02B patacas ($1.0B), but showed sequential improvement from the mark in December and topped the consensus expectation from analysts for a drop of 67%. Visitation bottlenecks due to visa processing and COVID-test requirement slowed d...

Bank of American weighs in on the 66% drop in Macau gross gaming revenue for December. "The MoM growth was partly helped by the Christmas holiday season. Macau government has imposed stricter quarantine rules on Dec 21, requiring people arriving Macau from locations except mainland China and ...