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MGM's future may lie beyond the casino floor.

Sands China revenue plummets in 2020 due to Macau travel restrictions 19th February 2021 | By Daniel OBoyle Sands China, the Macau-focused subsidiary of Las Vegas Sands, made a loss of $1.52bn, representing three-quarters of the parent company’s 2020 loss, after revenue dropped 80.8% to US$1.69 billion amid travel restrictions. Casino gaming brought in $1.17bn in revenue, down 83.3% while rooms produced $144m, down 80.3%, and shopping mall revenue declined 49.3% to $269m. Food and beverage r...

MACAU, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Studio City International Holdings Limited (NYSE: MSC), a world-class integrated resort located in Cotai, Macau, today announces that it will furnish its unaudited financial results for the fourth quarter and year ended December 31, 2020 on Form 6-K with the U.S. Securities and Exchange Commission (“SEC”) on Thursday, February 25, 2021. Safe Harbor Statement This press release contains forward-looking statements. These statements are made un...

Share this article Share this article TORONTO, Feb. 16, 2021 /PRNewswire/ -- Four Seasons Hotels and Resorts today celebrates the exceptional achievements of properties, spas and restaurants around the globe in the annual Forbes Travel Guide Five-Star Awards. Once again, Four Seasons holds the greatest number of Forbes Travel Guide Five-Stars ever awarded to a single brand, with 46 properties, 13 spas and two restaurants holding this distinction. FOUR SEASONS HOTELS AND RESORTS CELEBRATES 61 F...

MGM earnings call for the period ending December 31, 2020.

There was “reason to be optimistic” about the first-quarter outlook for the Macau gaming market, said on Wednesday Hubert Wang, president and chief operating officer (COO) of MGM China Holdings Ltd. There was in particular, “no reason to believe” advisory notices to limit out-of-province travel in mainland China after new Covid-19 cases, “will stay in place for a long period of time,” added the executive. Mainland China is the only place to have a largely quarantine-free travel bubb...

The Excalibur Hotel & Casino in Las Vegas, an MGM Resorts property. MGM Resorts saw its strongest gross bookings in Las Vegas in January since the start of the pandemic, with travelers increasingly willing to book 90-plus days out. "As the burden of our healthcare system eases, and gathering and travel restrictions are being lifted, and assuming that most of the population is willing to resume normal activity, which we certainly saw glimpses of last summer, we believe the demand for travel and ...

Shares of MGM Resorts Intl (NYSE:MGM) moved lower in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were ...

Amid fanfare and spectacle, Sands China Ltd. launched the first phase of The Londoner® Macao Monday evening with an opening ceremony at the integrated resort, featuring a special video message from Sands Resorts Macao global ambassador, David Beckham.

The British branding of the Londoner Macao casino resort (pictured), which has a first-phase opening today (Monday, February 8), will be easily and instantly understood by visitors from mainland China, says Glenn McCartney, the United Kingdom’s honorary consul in Macau, and associate professor of Integrated Resort and Tourism Management at the University of Macau. “It’s absolutely important that the Chinese traveller understands” a resort brand or other tourism brand, the academic tol...