Thug On Bail Shown Bashing Party-goer In Casino

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Excluding money set aside for rebidding - $600 million - SJM has about one month left in cash reserves if casinos remain closed, according to DS Kim, analyst at JP Morgan in Hong Kong, who expects the company to tap its parent STDM for a HK$5 billion ($637 million) loan.
How and why are the Trumps involved? Donald Trump is hardly new to combat sports. He's a longtime friend of Dana White, president of the Ultimate Fighting Championship. Trump's past involvement with hosting major boxing events at his hotels and casinos earned him a place in New Jersey's Boxing Hall of Fame.

HONG KONG, July 5 (Reuters) - Macau reported 89 new coronavirus cases on Tuesday, taking the total to more than 900 infections since mid-June, as authorities in the world's biggest gambling hub race to contain its largest outbreak since the pandemic began.

But Sands China, Wynn Macau , MGM China, Galaxy Entertainment, SJM Holdings and Melco Resorts face zero revenue for the near future in locked-down, Chinese-ruled Macau - and their operators' contracts expire at the end of this year.

The closely watched casino licence rebidding process comes amid Macau's worst coronavirus outbreak, with the government shutting down casinos for the first time on Monday in more than two years and locking down the city.

parent companies. They are also trying to showcase their role in society in Macau, where the industry accounts for more than 80% government tax income, by not firing tens of thousands of staff with no gamblers to deal cards to or otherwise serve.

Having invested billion in Macau over the last two decades, they are soaking up losses as they prepare to bid for new licenses by next month in a business that generated $36 billion in revenue in 2019, the last year before COVID curbs slammed the sector.

NEW YORK, July 11 (Reuters) - U.S.
stocks lost ground on Monday as a lack of catalysts left market participants warily embarking on a week back-end loaded with crucial inflation data and the unofficial beginning to second-quarter earnings season.

"It's a geopolitical, national security issue, because the situation where Americans dominate 50% of Macau's primary industry is probably an unacceptable national security risk," said Ben Lee, founder of gaming consultancy IGamiX.

"We´re hoping for a slowdown, which would put the Federal Reserve in a softer stance, but on the other hand, there are lots of reasons to believe inflation could stay high and the Fed will remain aggressive."

Later in the week a raft of economic data - including consumer prices, retail sales and factory output - should provide a glimpse of the extent to which inflation has peaked and the economy has cooled down as the Federal Reserve moves closer to next week's policy meeting, which is expected to culminate in the second straight 75 basis point interest rate hike.

Market leading growth stocks pulled all three major U.S.
stock indexes into negative territory, with risk-off sentiment exacerbated by Macau's first casino shutdown in over two years to curb the spread of COVID-19.

How to watch Evander Holyfield vs. Vitor Belfort To watch the fight night on pay-per-view, go to Fite TV to purchase the $49.99 package, which includes unlimited replays until Dec. 11, 2021. Or order it through your existing cable, satellite or telecommunications provider.

Originally, legendary fighter Oscar De La Hoya, 48, who retired in 2009, was set to fight Brazilian ex-UFC champion Vitor Belfort, 44, in an exhibition bout. But earlier this month, De La Hoya posted a video shot from a hospital bed. He has COVID-19 and can't fight.

For the Sept. 11 event, the Trumps will offer commentary on all four of the evening's fights. But they're not the only soundtrack available. Viewers can pick between the Trumps narrating the fight, or regular commentators Jim Lampley and Shawn Porter.

Not legally required to pay staff during a mandated closure, casinos have nevertheless continued to do so.
Operators have also tried to burnish their social responsibility credentials by supporting local businesses and offering use of their hotel rooms for quarantine.

The event was supposed to take place at Staples Center in De La Hoya's hometown of Los Angeles, but it's been moved to The Hard Rock Hotel & Casino in Hollywood, Florida. According to a report from ESPN, the California State Athletic Commission refused to sanction Holyfield-Belfort.