Edition:
United Kingdom

Farah Master

As cash flees Macau junkets, gambling hub faces long odds of quick recovery

22 Sep 2020

HONG KONG Fears China is broadening a crackdown on offshore gambling has sparked a rush to withdraw billions of dollars from the world’s biggest gambling hub Macau, threatening a recovery in the coronavirus-stricken economy, executives say.

China's offer of coronavirus tests for all in Hong Kong meets with public distrust

27 Aug 2020

HONG KONG A Chinese government offer to test all Hong Kong residents for the novel coronavirus is meeting scepticism from the city’s medical community and public and is emerging as a politically charged issue ahead of the launch of the plan next week.

Macau VIP casino industry out of luck as China cracks down on capital flows

18 Aug 2020

HONG KONG China's move to stamp out online gambling to help contain capital outflows is hitting liquidity in Macau's VIP segment, at a time when the world’s No. 1 gambling hub is hobbled by slowing economic growth, Sino-U.S. tensions and coronavirus lockdowns. 

For kitchen-less Hong Kongers, new ban on restaurant dining is a bitter pill

27 Jul 2020

HONG KONG A new Hong Kong ban on dining at restaurants and food stalls aimed at reining in a spike in coronavirus cases threatens to complicate life for the many people in the city who depend on eating out for daily meals. | Video

'Not much hope': Macau casinos see deepening losses as virus slams China travel

24 Jul 2020

HONG KONG Casinos in the world's biggest gambling hub Macau are staring at heavy losses for the second quarter, with "not much hope" for a near-term recovery as a resurgence in coronavirus cases muddies the outlook for when China will reinstate travel visas.

Casino king Stanley Ho: the man who built the gambling hub of Macau

26 May 2020

HONG KONG Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia's richest men, died on Tuesday at the age of 98.

Casino king Stanley Ho: the man who built the gambling hub of Macau

26 May 2020

HONG KONG Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia's richest men, died on Tuesday at the age of 98.

Casino king Stanley Ho: the man who built the gambling hub of Macau

26 May 2020

HONG KONG Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia's richest men, died on Tuesday at the age of 98.

Casino king Stanley Ho: the man who built the gambling hub of Macau

26 May 2020

HONG KONG, May 26 Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia's richest men, died on Tuesday at the age of 98.

RPT-FOCUS-Pandemic-hit Macau casinos look to play the long game with cash pile

01 May 2020

HONG KONG, April 30 Light on debt and cash rich, Macau's Galaxy Entertainment is bleeding $3 million daily in operating cost as the coronavirus crisis upends its casino business. Such a jolt could sink most companies - a risk not taken lightly by global policymakers who have delivered various measures over the past two months to help cushion corporate losses.

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