Macau Archives - Page 4 of 5

Melco Says Studio City Phase 2 Development Now Unlikely To Be Complete By May 2022 Deadline

July 9, 2020

Melco Resorts & Entertainment says it is unlikely to meet the 31 May 2022 deadline for completion of Phase 2 of Macau integrated resort, Studio City. In an SEC filing detailing plans to purchase Class A ...

Melco Shows Intent To Boost Holding As Operating Entity Of Macau’s Studio City Reveals US$500 Million Fund Raising Offer

July 8, 2020

Studio City International Holdings Ltd (SCIHL), the operating entity of Macau integrated resort Studio City, has announced the commencement of a series of private placements that will see it receive proceeds ...

Macau Gaming Revenue Hits A Downturn

June 1, 2020

Macau gaming revenue hits a downturn. According to data released by the Gaming Inspection and Coordination Bureau, Macau’s gross gaming revenues fell by 93.2% year-on-year to MOP$1.76 billion (US$220.4 millio...

APE Writes Off HK$26 Million Amid Agreement Termination

May 24, 2020

APE writes off HK$26 million amid agreement termination. Macau-based slot machine agent, Asia Pioneer Entertainment has decided to write off a whopping HK$26 million in receivable after terminating 2 financia...

Geoff Andres To Return To Melco Philippines As Kevin Benning Named New Studio City Head

April 28, 2020

Studio City International Holdings has announced that Kevin Benning, current Chief Operating Officer of Melco Resorts and Entertainment (Philippines) Corporation (MRP) – which runs City of Dreams Manila – has...

South Shore Fighting To Avoid Liquidation, Seizure of Macau’s THE 13 Hotel After Bank Demands Full Payment of HK$2.48 Billion Loan

April 7, 2020

South Shore Holdings Ltd says it has applied to its bank for a “standstill” to prevent enforcement of security over THE 13 Hotel in Macau and liquidation of the company after the bank issued a demand for imme...