Macau casino operator Sands China Ltd says revenues from the premium-mass segment have already reached half pre- Covid-19 levels. “Premium mass has made a very significant recovery and already approached around 50 percent of pre-pandemic levels,” stated Grant Chum Kwan Lock, the company’s chief operating officer (COO).
Mr Chum also said the VIP and premium-mass segments had “diverged” in terms of recovery. “VIP is still struggling, at around 20 percent or sub-20 percent” of pre-pandemic performance, he added. “The segments are following very different trajectories, and we would expect that to continue for the time being.”
The COO was speaking on Wednesday, during the first-quarter earnings call for the parent, U.S.-based Las Vegas Sands Corp.
Edvantage Group (0382.HK) Interim Results Exceed Expectations, Adjusted Net Profit Up 32.5% to RMB199.9 Million
HONG KONG, Apr 21, 2021 - (ACN Newswire) - Edvantage Group Holdings Limited ( Edvantage Group or the Group , stock code: 0382.HK), the largest private higher education group in Guangdong-Hong Kong-Macau Greater Bay Area (the Greater Bay Area ), is pleased to announce its unaudited interim results of the financial year 2021 for the 6 months ended 28 February 2021 ( Reporting Period ).
Shanghai venue, The Ritz-Carlton Hotel Shanghai, Pudong, from the left: Ms. Liu Wenqi, Chief Operating Officer; Ms. Liu Yi Man, Executive Director and Chief Executive Officer
Hong Kong venue, Edvantage Group s Hong Kong Office, from the left:
The Macau government might seek forms of in-kind benefit other than licence fees and taxation from casino companies that wish to take part in a new public tender process associated with the 2022 expiry of the six current gaming licences in the city. That is according to a research paper from two prominent Macau law experts, submitted to the International Association of Gaming Advisors, a body also known as the IAGA.
“It is understood by the Macau government that the structural weakness” of the city’s economy, “excessively dependent as it is on tourism and gaming, became more well known as a result of the pandemic,” stated the paper from Pedro Cortés, managing partner at law business Rato, Ling, Lei & Cortés; and António Lobo Vilela, a former legal advisor to the Macau government on gaming-related matters.
CGTN: A City on the Rebound: How Hong Kong Can Move Forward businesswireindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesswireindia.com Daily Mail and Mail on Sunday newspapers.
AEON Credit Proposes Final Dividend of 18 HK Cents for FY2020 amid Solid Fundamentals
Steps up Digital Transformation to Attain Sustainable Development
HONG KONG, Apr 08, 2021 - (ACN Newswire) - AEON Credit Service (Asia) Company Limited ( AEON Credit or the Group ; Stock Code: 00900) has announced today its annual results for the year ended 28 February 2021 ( FY2020 ). During FY2020, the change of consumer behavior to online shopping and indoor activities has prompted the Group to accelerate its digital transformation through the continued upgrade of mobile applications and dedicating more resources to online merchant marketing promotions. The Group has also continued with the development of the new card and loan system to prepare for further technological upgrades in the payment industry. Sales in the fourth quarter started to pick up due to the launch of personalized marketing promotions.