SJMHF News and Press, SJM Holdings Ltd From 07/01/21

Sean Pavone/iStock via Getty Images Macau gross gaming revenue fell 37.4% month-over-month in June to $6.54B patacas ($817M). The GRR tally was up 812.5% from the same month a year ago when the casinos were effectively closed due to COVID-19 restrictions. The soft month was largely anticipate...

Sean Pavone/iStock via Getty Images Macau authorities continue to tighten rules and supervision around the casinos in the area with the number of inspectors more than doubling to 459. The increase in supervision arrives with traffic trends still sluggish amid pandemic concerns. Jefferies says...

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 ...

Gross gaming revenue in Macau was up 1,014% Y/Y to $1.1B in April to fall short of the consensus estimate for a gain of 1,054% against the soft pandemic period comparable. Macau GGR was ahead of the $1.04B recorded in March, but down about 64% from the GGR generated in April of 2019. Visitor ...

Macau Chief Executive Ho Iat Seng says the local government is discussing with Beijing a potential trial plan for a mutual system of vaccination recognition.His comments came earlier today during a question-and-answer session at the Macau Legislative Assembly.The arrangement could help reduce...

Gross gaming revenue in Macau was up 58% Y/Y to $1.04B in March to fall short of the consensus estimate for a gain of 71% against the soft pandemic period comparable.The region saw increased visitation from Mainland China as some travel restrictions were relaxed.Macau GGR is down 22.5% Y...

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 ...