SJMHY News and Press, SJM Holdings Ltd ADR From 09/08/21

The Macau casino sector is looking for a second day of gains on some incrementally good news on traffic trends for the first week of September. A new travel program in Hong Kong that will allow more Mainland visitors is also raising optimism levels. Also in the mix, Bernstein analyst Vitaly U...

Macau gross gaming revenue rose 234% year-over-year in August to 4.44B patacas ($550M) to top the consensus expectation for growth of 176%. The GGR tally for the month was down 47.4% from the level in July as some tightened travel and border restrictions at the beginning of the month factored...

Macau casino stocks trade higher after the special administrative region's authorities announced testing polices for visitors from the Mainland will be eased beginning tomorrow. Travelers from the Mainland through Guangdong who have not visited Hong Kong, Taiwan or a foreign country are requi...

Macau gross gaming revenue rose 29% month-over-month to 8.44B patacas ($1.05B). The tally for the month was up 528% from the mark a year ago when the casino traffic was heavily impacted by the pandemic, but fell short of the consensus mark for an increase of 540.5%. JPMorgan forecasts that ga...

Thomas Yeoh/iStock via Getty Images Channel checks by JPMorgan indicate a pick-up in demand in Macau is starting. "Our checks suggest upbeat summer holidays, with encouraging feedback on the level of player inquiry and booking," updates the firm. The firm forecasts gross gaming revenue to res...

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 ...