G7 finance leaders agreed on Tuesday on the need to provide financial and technical assistance to emerging economies battling with the fallout from the coronavirus pandemic, Japanese Finance Minister …
Betting Takes a Back Seat in Macau on Coronavirus Fears
Macau is likely to record revenue decline in 2020. The coronavirus crisis is hurting the industry in other parts of the world as well.
Macau’s gaming revenues tumble 80% in March, hit by coronavirus
The March figure of 5.3 billion patacas ($664 million), announced on the website of the gaming regulator, was in line with analyst expectations for a drop of about 80% to 82%, however. “Forecasts for …
Almost all bets are off: casino capitals Macau, Las Vegas slammed by virus
The vast, glitzy gaming halls of Macau are open, but thousands of baccarat tables are empty. In Las Vegas, the casinos have been forced to close in order to prevent the spread of the disease. The same …
Macau Gaming Revenue Falls 80% as Borders Tighten During Pandemic
Macau gaming revenue dropped for the sixth straight month in March as casinos were slammed again by quarantines and border restrictions in China that kept gamblers away during the coronavirus pandemic …
Hong Kong is ‘highly resilient’ as it fights to save the economy in the pandemic, commerce secretary says
Hong Kong is fighting a “twin battle” of the coronavirus pandemic as well as saving its battered economy, but its recovery will be determined by when the world gets back on its feet, says the city’s …
Macau casino operators are bleeding up to $4M/day
Gambling revenue in Macau plunged 79.7% Y/Y to 5.3B patacas ($664M) in March after the world’s biggest casino hub ratcheted up curbs to battle the coronavirus pandemic.Last week, the territory banned …
Hong Kong’s protests looked a lot like Shanghai anti-colonial protests a century ago
A year ago this month, Hong Kong citizens began demonstrations against their government’s proposed extradition law. On June 9, an estimated 1 million people turned out to protest. Until the …
Hong Kong barristers call on Beijing to ‘exercise restraint’ in comments
The Hong Kong Bar Association on Tuesday called on Beijing to “exercise restraint” in its comments regarding affairs in the Chinese-ruled city, warning that its views could be perceived as …
Special Report: Hong Kong judges battle Beijing over rule of law as pandemic chills protests
Even as the novel coronavirus has brought the protests in Hong Kong to a near standstill, the struggle rages on over the future of China’s freest city. Three of Hong Kong’s most senior judges told …