Retendering21-22

mar25 The board of Macau-based casino operator MGM China Holdings Ltd has proposed the payment of a final dividend for the year 2024 of HKD0.251 (US$0.032) per share. The Hong Kong-listed company said in a filing on Thursday that it expected to spend HKD953.8 million on the dividend. The firm added that the amount represented “approximately 20.7 percent of the group’s profit for the full year 2024.” In that year, MGM China’s adjusted earnings before interest, taxation, depreciation, and amortisation rose by 25.2 percent year-on-year to nearly HKD9.06 billion. That was on aggregate revenue that grew by 27.2 percent from 2023, to just under HKD31.39 billion. The firm posted a 2024 profit of HKD4.60 billion, a jump of 74.5 percent compared to 2023. The company anticipates the final dividend will be paid on or about June 12, to shareholders whose names appear on the register of members on June 3. The dividend payment remains subject to shareholders’ approval. “The board has resolved to rec...

jan25 Macau’s tourism boss said in Friday comments that Macau might be able to draw “38 million to 39 million” visitors this year, a level “very close” to the pre-pandemic trading year of 2019, with  additional volume of arrivals   from neighbouring city Zhuhai – amid mainland exit-visa policy easing – being a key factor. Maria Helena de Senna Fernandes (pictured in a file photo), director of the Macao Government Tourism Office (MGTO), was speaking on the sidelines of a public event. She also stated that visitor volume specifically during an eight-day mainland holiday encompassing Chinese New Year was forecast to reach “185,000″ daily on average. Of that tally, around “8,000″, i.e., 4.3 percent, were expected to come from international markets, a segment she noted was seeing “satisfactory” post-pandemic growth. https://www.ggrasia.com/macau-govt-ups-2025-visitor-forecast-to-almost-2019-levels/ apr24 Macau’s Chief Executive,  Ho Iat Seng , expresses his confidence that Mac...

mar25 Os deputados à Assembleia Legislativa referiram estar atentos à eventual onda de encerramento de casinos-satélite no final deste ano com a alteração do modelo de exploração exigida pela lei. Ella Lei e Nick Lei pedem ao Governo para comunicar com esses casinos sobre a respectiva exploração, avaliar o impacto na economia causado pelo possível fim de vários casinos-satélite e ter planos de contingência para garantir o emprego dos seus trabalhadores. https://pontofinal-macau.com/2025/03/31/deputados-preocupados-com-a-sobrevivencia-dos-casinos-satelite/ mar25 In the event of any closures of Macau satellite casinos, the valuation of a hotel tied to such a venue could decline by over “60 percent” at the top end of the impact range, and affect the debt and credit position of the investor concerned. That is according to Franco Liu, managing director of real estate service provider Savills (Macau) Ltd, in an interview with local Chinese-language newspaper Macao Daily News published on Thu...