Inflation, labor and delta variant hit restaurant homeowners, Goldman Sachs information finds

Restaurants across the county have been looking forward to the economy reopening in recent months as Covid vaccines continued to spread and pent-up consumer demand was felt.

But headwinds from supply chain interruptions to labor shortages and rising costs hit the industry as the contagious Delta variant tarnishes hopes of a return to normal.

Small business owners in the food, restaurant and hospitality sectors are more concerned than most about the ongoing disruption of the pandemic, according to new data from Goldman Sachs’ 10,000 Small Business Voices program. The data shows that 84% of owners in these sectors are concerned about the impact of rising Covid-19 infection rates on businesses, compared to 75% of the entire small business population.

Almost all of them saw an increase in operating costs, with 93% believing that inflationary pressures have increased since June, negatively affecting finances.

The data subset of 117 food, restaurant and hospitality owners came from a broader survey of 1,145 participants in the Goldman Sachs 10,000 Small Businesses program earlier this month.

The numbers underscore the continuing pressures restaurants face even in an economy recovering from the worst of the damage caused by the coronavirus. While the introduction of vaccines and looser public health restrictions have brought the industry closer to normal, challenges remain as restaurant owners look to fall.

Ruby Bugarin, who runs Margaritas and Pepe restaurants in the greater Los Angeles area, said both the availability of goods and the higher cost hit her business. Products like crabs are harder to find, the cost of chicken and pork has increased by more than $ 1 a pound, and the prices of other goods have increased.

“In the past two or three weeks, the price of avocados has gone from about $ 40 a box to $ 85 a box. So that’s more than double, ”said Bugarin, a member of the Small Business Voices program. “We can’t do the same to our customers – we raise prices once or twice a year.”

Labor costs are also rising in her two restaurants with a total of 63 employees. Bugarin said she would like to add a chef or two at each location, but instead pays overtime weekly to her current staff.

Restaurant, hospitality and hospitality owners like Bugarin are also more affected by work problems than in the wider small business community. The data shows that 79% of these business owners say the challenges for employees have worsened since the pandemic, compared with 64% overall.

Recent data from the National Federation of Independent Business underscores the labor law issues that weigh on the optimism of small businesses. The vacancies in August were above the historic 48-year average for the second month in a row.

“In June, despite inflation and despite labor challenges, 67% of small businesses said they believed the US is on the right track,” said Joe Wall, national director of Goldman Sachs 10,000 Small Businesses Voices. “That number is now 38%. The delta variant is sure to be the # 1 issue in terms of sentiment change, and then you pile on it, inflation dynamics and the challenges facing the workforce.”

With the pandemic taxing restaurant operators, Goldman’s data shows that nearly 40% of food and hospitality companies say they expect they’ll need to take out a loan or line of credit for their business this fall or winter. This corresponds to 29% of the companies as a whole.

The Small Business Administration recently announced a revision of the Economic Injury Disaster Loan program for businesses. The credit limit will be increased to $ 2 million and recipients will be allowed to use the funds to prepay business debts, which allows restaurants to use the money on business debts and more.

“At a time when small business restaurants still have extreme working capital needs, these changes will improve the prospects for thousands of operators and improve the economic prospects for communities large and small,” said Sean Kennedy, executive vice president of public policy at the National Restaurant Association said in a statement. The group worked with the SBA on the new small business terms.

Beyond these changes, small business and restaurant owners and advocates have urged lawmakers to top up the $ 28.6 billion restaurant revitalization fund. It granted grants to the industry but was quickly exhausted due to high demand.

“We were able to distribute it to over 100,000 companies across the country, but demand was 2.5 times as much,” SBA administrator Isabel Guzman told CNBC about the RRF last month. “There are still restaurants, food and beverage companies that need support. We know they have been hardest hit, and will often be the last to reopen in communities, but they define so many of our main streets.I can’t say exactly what the actions of Congress will be, but the SBA would be ready to take these Manage programs quickly, efficiently and fairly. “

Hydrolix Cloud Knowledge Platform Helps Arkose Labs Save Cash and Ship Actual-Time Insights on Hundreds of thousands of Fraud Assaults Day by day

PORTLAND, Ore .– () – Hydrolix today announced the immediate availability of a case study describing Arkose Labs’ migration to the Hydrolix cloud data platform. Arkose Labs’ fast-growing data challenges: The only thing that scaled faster than the company’s triple-digit customer revenue growth was the cost of collecting and analyzing terabytes of raw data per day. They needed an alternative to their existing platform that would improve their margins and future-proof their business.

“The data challenges at Arkose Labs fit our mission perfectly,” said Marty Kagan, CEO of Hydrolix. “They record billions of events every day, each with hundreds of fields of sparse and complex, semi-structured, high cardinality data. They take care of real-time recording, they take care of long-term storage, and they take care of the kind of sub-second interactive query performance that you can’t get with brute force scans of unindexed data. ”

Today, after migrating to Hydrolix and Superset, Arkose Labs’ Security Operations Center (SOC) identifies, investigates and remediates threats at a lower cost than their previous data platform, which is based on market-leading NoSQL and document databases. Additionally, the move to Hydrolix has enabled Arkose Labs to consolidate their data infrastructure by eliminating the need for separate hot, warm and cold tiers.

“Dealing with fraud in real time requires tremendous speed and flexibility. Hydrolix enables our team to process over 100 million events per second / per core, exceeding our performance and scale requirements, ”said Ashish Jain, chief product officer of Arkose Labs.

From a product perspective, a unified data platform with unlimited retention builds on the success of Arkose Labs and enables the product team to expand the company’s capabilities and deliver value to customers on a much broader scale with real-time dashboards, unlimited filters, and visibility offer range of time periods. Complex forensic queries are now completed in milliseconds.

“Running our own copy of Hydrolix in our VPC has allowed us to truly leverage the potential of Amazon’s elastic infrastructure by independently scaling our compute and storage tiers in our data management stack,” said Joe Hsy, CTO of Arkose Labs.

For companies that value data, the answer to skyrocketing costs should never be to store less data. To learn more about how Hydrolix can help your business, check out the Arkose Labs case study at today www.hydrolix.io/case-studies/.

About Hydrolix

Hydrolix is ​​transforming the economics of big data so that organizations can ingest, store, and query petabytes of data without impacting performance, discarding data, or struggling with costs. Hydrolix’s patented technology is delivered cloud-on-prem, with no maintenance or egress, so customers stay in control of their data, reduce security and compliance risks, and no longer have to spend money on other people’s cloud infrastructure. Hydrolix is ​​supported by Wing Ventures, AV8 Ventures, Silicon Valley Data Capital, and the Oregon Venture Fund.

For more information, see hydrolix.io, Email info@hydrolix.io, or follow us on Twitter @GetHydrolix.

About Arkose Labs

Arkose Labs is ruining the fraud business model. Recognized as Cyber ​​Defense Magazine’s 2021 “Hot Company in Fraud Prevention”, its innovative approach determines true user intent and resolves attacks in real time. Risk assessments combined with interactive authentication challenges undermine the ROI of attacks, provide long-term protection while improving good customer throughput. Arkose Labs is headquartered in San Francisco, California with offices in Brisbane, Australia and London, United Kingdom. For more information, visit www.arkoselabs.com or on Twitter @ArkoseLabs.

CDC scientist says knowledge is proscribed to judge shot for normal inhabitants

A CDC scientist said Monday that the data needed to properly evaluate Covid-19 vaccine booster vaccinations for the general population is limited – even if President Joe Biden pressures health officials to delete the vaccinations widespread use early in the week from September 20th.

The presentation by Dr. Sara Oliver at a meeting of the Centers for Disease Control and Prevention Advisory Group suggests the panel may limit its initial endorsement of additional shots to vulnerable groups and healthcare workers.

A nurse vaccinates 15-year-old Sherri Trimble at a vaccination clinic at Health First Medical Center in Melbourne, Florida.

Paul Hennessy | SOPA pictures | LightRakete | Getty Images

Several studies suggest that the approved Covid vaccines may still be effective in preventing serious illness and hospitalization, but may be less effective in preventing infections or mild symptomatic illnesses, according to Oliver. The CDCs The Advisory Committee on Vaccination Practices meets on Monday Consider booster vaccinations for all eligible Americans. The panel is also due to vote on the final approval of the Pfizer vaccine by the Food and Drug Administration.

Since the highly contagious Delta variant first appeared, the vaccine’s effectiveness ranged from 39% to 84%, according to Oliver’s presentation, which referred to several separate studies. A study that looked at health care workers and first responders showed that the vaccine’s overall effectiveness dropped to about 65% in July – up from about 90% in February. Israel dates show Pfizer’s vaccine effectiveness has dropped to just 39% in that country.

Scientists have said that the vaccines become less effective over time, and the Delta variant is a more resilient strain that is able to break through that protection.

According to Oliver’s presentation slides, “it is important to monitor efficacy trends by disease severity over time”.

It was pointed out on the slides that vaccines often require multiple doses. Hepatitis B and HPV vaccinations, for example, require a third dose after six months.

“Vaccines that require more than one dose don’t necessarily mean that an annual booster is required,” Oliver said during the presentation.

Once booster shots are available, nursing home residents, health care providers, and the elderly – the first groups to be vaccinated in December and January – will likely be given priority for the additional vaccinations, according to the CDC slides.

The CDC stressed that vaccinating the unvaccinated should be a “top priority” and giving booster doses to vaccinated individuals should not deter those who remain unprotected from the virus.

The agency also emphasized the importance of vaccine availability around the world.

“An uncontrolled global spread that could lead to new variants threatens the control of the pandemic everywhere,” said Oliver. In addition to global distribution, policy on boosters “should also consider equity in the US population,” she added.

Monday’s meeting comes after President Joe Biden said Friday US regulators are considering giving Covid booster vaccinations five months after completing the primary series and bringing forward the expected schedule for a third vaccination by three months.

Scientists have sharply criticized The Biden government’s urge to distribute booster syringes widely says the data provided by federal health officials are not compelling enough to currently recommend third vaccinations for most of the American population.

The Biden government has publicly stated that the third dose will not be given without FDA approval and a vote from ACIP.

48% of Younger Folks Say They Are Spending Extra Cash in 2021, Finds New Knowledge From Clutch | State Information

WASHINGTON, August 26, 2021 / PRNewswire / – Nearly half of people between 18 and 34 (48%) say their spending increased in 2021, according to a new survey from Clutch, the leading B2B rating and review platform.

Clutch surveyed Americans to see if they were spending more or less than they did in 2020. The data shows that consumers are generally spending more than they did a year ago and that middle-aged people are used to shopping online.

After a year of saving, young Americans are ready to open their wallets, which experts attribute to the improved economic environment and a reduction in COVID-related restrictions.

Some experts say that young people are particularly likely to spend more on travel expenses before some COVID restrictions are reintroduced.

“There is ongoing concern that we could face another lockdown in our area, especially as the weather turns cooler,” said Barker. “Millennials try to use this time to see as many new places as possible.”

Middle-aged people who spend more money online

Half of 35 to 54 year olds (50%) say their online spending increased in 2021. By comparison, only 43% of people between 18 and 34 and 37% of those aged 55 and over reported higher online spending that year.

Experts say the reduced in-person commerce during COVID-19 has made middle-aged consumers more comfortable shopping online.

“Before the pandemic, most middle-aged people did their shopping and grocery shopping in person,” said Cindy Corpis, CEO of SearchPeopleFree, a software development company. “But there has been a shift towards online shopping since the pandemic.”

Corpis believes the increase in online shopping by middle-aged consumers is a strong sign of the future of e-commerce.

“When the highest income age group begins to migrate to online shopping, sales and profits for e-commerce stores will soon increase significantly,” said Corpis.

If you have any questions about the survey or comments on the findings, please contact Anna Peck at 317537@email4pr.com.

Clutch is the leading rating and review platform for IT, marketing and business service providers. Over half a million service buyers and sellers use the Clutch platform every month, and the user base is growing at over 50% annually. Clutch was named one of the 500 Fastest Growing Companies in the US by Inc. Magazine and was listed as a Top 50 Startup by LinkedIn.

Pfizer submits information to FDA for approval

Walgreens health professional Luis S. Solano prepares a dose of Pfizer BioNTec’s vaccine against coronavirus disease (COVID-19) on February 22, 2021 at the Victor Walchirk Apartments in Evanston, Illinois.

Kamil Krzaczynski | Reuters

Pfizer and BioNTech announced on Monday that they had submitted early-stage clinical trial data to the Food and Drug Administration as part of their U.S. filing to approve a Covid vaccine booster for all 16 and older – not just people with weak immune systems.

In a phase 1 study, a booster dose of the vaccine produced “significantly higher neutralizing antibodies” against the original coronavirus strain and the beta and delta variants, the companies said in a press release. Study participants received a third dose of the two-dose vaccine around eight to nine months after the second vaccination, they said.

“The data we’ve seen so far suggest that a third dose of our vaccine elicits antibody levels well in excess of those on the primary two-dose schedule,” said Albert Bourla, Pfizer CEO. “We are excited to provide this data to the FDA as we continue to work together to address the evolving challenges of this pandemic.”

The companies said the results of the late-stage trial evaluating the third dose are expected shortly and will also be presented to the FDA and other regulatory agencies worldwide.

The announcement by the drug manufacturer comes according to federal health officials Friday approved Giving Covid booster shots of Pfizer and Moderna vaccines to Americans with compromised immune systems, including cancer and HIV patients, and people who have had organ transplants.

New data from the US suggests that immunocompromised individuals do not generate adequate immune responses after receiving two doses of a Covid vaccine.

The latest data from Pfizer investigates the booster’s safety and immune response in people with otherwise healthy immune systems.

Federal health officials are not currently recommending booster doses for the general public, but Dr. White House Chief Media Officer Anthony Fauci said: Everyone is “likely” to need a booster at some point.

Covid vaccine manufacturers including Pfizer and Modern, have repeatedly argued that everyone will need a booster dose at some point and possibly additional doses each year, just like seasonal flu.

Pfizer has cited data from Israel where state officials said last month the two-dose vaccine was only 39% effective against the disease, which attributed the drop in performance to the highly contagious Delta variant. When Pfizer submitted its original application to the FDA in December, it said its vaccinations were about 95% effective at preventing Covid infections.

The vaccine is still considered highly effective against serious illness, hospital admissions and deaths, according to Israeli health officials.

Ought to sufferers generate income by promoting their healthcare knowledge?

Emergency room overcrowding occurs when the demand for critical emergency care exceeds supply and poses a serious threat to safe patient care.

here Dr. Colin Dewar, Specialist in emergency medicine at University Hospitals Sussex NHS Trust, breaks down the main causes along with possible solutions.

What are the top causes of emergency room overcrowding (ED)?
Each emergency room is unique and crowding is a complex problem, but there is a helpful framework to categorize the three overarching causes of crowding.

First, as the population increases, so does the number of visitors to the ED. This rush has also been fueled by public health campaigns that focus on time-sensitive conditions such as heart attacks. In the UK, we have also seen a significant increase in ED visits after COVID. Input causes for ED crowing are therefore largely socio-economic.

There are then causes of crowding that are found once a patient has entered the emergency room. Bottlenecks arise from the fact that plants are often not equipped for the increased demand due to insufficient staffing or spatial arrangement. Many other factors can reduce patient flow resulting in overcrowding, e.g. other patients.

Finally, a reduced output of the ED can lead to overfill; this is more commonly referred to as the “exit block”. A shortage of inpatient beds in relation to demand can lead to a longer stay of the admitted patients in the emergency room. The exit block is often seen as the main contributing factor. Because of this, ED crowing is a hospital-wide problem and this must be taken into account when attempting to resolve it.

How does this affect patient care?
Overcrowding in the emergency room is the greatest threat to safe patient care in acute situations in industrialized countries. It affects patient care in terms of the quality of care they receive and this naturally affects patient outcomes.

ED crowing has been shown to be associated with higher staff workloads, delayed patient assessment, higher treatment costs, more frequent discharges of patients with high-risk clinical characteristics, poor infection prevention and control measures, and lower patient satisfaction, all of which are also associated with the likelihood of increasing reduce the patient’s compliance with their follow-up care plan.

This leads to lower patient outcomes, particularly in the form of high readmission rates, extended hospital stays, increased work stoppages, a higher frequency of medication errors and adverse events, and increased morbidity and mortality.

It is demoralizing for employees because they cannot provide the level of care they want when emergency rooms are constantly operated with needs that exceed both physical and human resources and capacities.

How has the pandemic affected this problem?
During the pandemic, attempts were made to keep patients out of the hospital whenever possible. This lowered admission rates for ED, but as the world normalized a bit there has been a significant spike in UK ED participation in the post-pandemic period and the challenge has come again.

The overcrowding has been compounded by the need to give patients adequate space to ensure safe care in the context of the pandemic.

It has shown the need for solutions that can be implemented in the short to medium term, as demand will only continue to increase, as it has in the last 20 years. And the main pressures that ED faces is the need for ED leaders to be actively involved in developing solutions to crowding. Emergency room corridors crowded with patients on carts and chairs should not be an accepted part of 21st century healthcare.

Where, if at all, is this problem currently being technically addressed?
While the implications for patient care are well known, previous solutions have been patchy and inconsistent.
In terms of technology, tools that allow superficial measurements of crowding to aid decision-making are such as: NEDOCS and ICMED For example, scores are available to emergency medicine executives, although their limitations and inadequacies are widely recognized.

Otherwise, the initiatives tend to focus on improving access to primary care and general practitioners as well as on alternative care models. All of them have their shortcomings. The Royal College of Emergency Medicine has consistently argued that the proportion of patients with poor visual acuity (who could be treated in alternative health care facilities) does not exceed 15% clinics or the increasing access to these clinics is likely to be limited.

Britain has also introduced goals such as all ED patients must be treated within 4 hours. This has increased the resources available for emergency doctors, but has not been able to keep up with the increasing demand from year to year.

Overall, this is an area where technological innovations need to be explored.

Can artificial intelligence and machine learning (AI / ML) help solve the problem?
I believe that only large data sets with AI / ML technology applied will be able to unlock the proactive modeling needed to tackle the overcrowding problem. KI / ML offers the promise of transforming the provision of acute services from the current reactive system to a proactive model.

To do this, we need a testable predictive tool for both emergency room needs and inpatient admission. This would be the first step in building a system that optimizes the resources available to meet the expected pressures, with a consequent reduction in ED crowding and the damage it causes.
Such a solution would transform care in emergency rooms and go a long way in ensuring safe and timely patient care while minimizing clinician burnout.

What role will technology play in this area in the future?
In the future, I see the advent of really advanced digital health technologies will also play a role in providing extremely rich, previously inaccessible information about patients’ physiological health (vital signs, etc.) in real time, as well as their exact location in the hospital. This could one day also supply ML-driven crowding models with this type of data, which could permanently change our understanding of what constitutes high-quality hospital care management.

ED crowding is therefore an issue in the healthcare landscape where the urgent need for change meets enormous potential for innovation. Therefore, now is the time to form an international consortium to capitalize on this convergence.

You work with electronRx, what are you doing in this area?
ElectronRx is a deep tech startup based in Cambridge, United Kingdom. They have an expert team of interdisciplinary scientists and engineers who develop a range of novel technologies to revolutionize patient engagement and support clinical decision-making, and take a consistently data-driven approach to the way we deliver health care and treatment of diseases to improve, to change.

With electronRx we are building an international consortium of emergency medicine executives who all work together passionately to overcome the long-standing, internationally recognized obstacle to high-quality patient care, ED crowding.

Our project aims to use their AI / ML skills to extract the value that lies dormant in a plethora of previously inaccessible healthcare insights across the hospital. Our goal is to create a holistic, AI-driven solution that delivers actionable insights with measurable results to fight ED crowing once and for all.

CDC knowledge reveals extremely transmissible delta is now dominant Covid variant in U.S.

The highly transmissible Delta variant is now the dominant strain of coronavirus in the United States, outperforming the alpha variant, according to Covid-19 modeling data released by the Centers for Disease Control and Prevention.

Delta, the variant first found in India and now found in at least 104 countries, recently made up 51.7% of new Covid cases in the US in the two weeks ending July 3, according to recent reports updated estimates from the CDC. The proportion of new cases caused by alpha, which was first found in the UK, was only 28.7% over the same period, according to the US agency.

In the past few weeks, US health officials have warned that Delta is on its way to becoming the dominant variant in the US, as its prevalence in the nation doubles about every two weeks. On June 22, a little over two weeks ago, White House chief medical officer Dr. Anthony Fauci that Delta accounted for about 20% of all new cases in the United States

The World Health Organization, which Delta has called the “fastest and fittest” variant to date, assumes that it will become the dominant form of the disease worldwide. According to a WHO report, Delta is about 55% more transmissible than the Alpha variant.

president Joe Biden on Tuesday again urged that all eligible Americans receive Covid vaccinationsthat emphasizes the importance of protecting against Delta.

Although the US is well on its way to meeting 160 million fully vaccinated people in the coming days, millions remain unvaccinated against Covid, “and because of this, their communities are at risk, their friends are at risk, the people they care about” said Biden are at risk. “

“This is an even bigger concern because of the Delta variant,” said the president.

There are still about 1,000 counties in the U.S. with a vaccination rate of less than 30%, said CDC Director Dr. Rochelle Walensky told reporters last week. The counties are mainly in the southeast and midwest, she said, and the agency is already seeing rising disease rates in these places due to the further spread of the delta variant.

Scientists and other health experts fear the variant will lead to a surge in new cases this fall, which will hit those who remain unvaccinated hardest, unless states can vaccinate more people.

“I think there are two Americas,” said Dr. Paul Offit, a pediatrician and vaccine advocate who served on advisory boards for both the CDC and the Food and Drug Administration. “There’s vaccinated America and unvaccinated America, and I think unvaccinated America will pay a price for that.”

The White House announced last week that it was deploying Covid-19 response teams across the country focused on fighting the variant. The teams, made up of officials from the CDC and other federal agencies, will work with communities at higher risk of outbreaks.

Every day U.S. knowledge on Could 20

Jean Fletes, 13, will receive a vaccine against Pfizer-BioNTech COVID-19 from Delores Fye, a licensed general practitioner, on May 17, 2021 at UHealth’s mobile children’s clinic in Miami, Florida.

Joe Raedle | Getty Images

The U.S. has reported fewer than 30,000 cases for five consecutive days, data from Johns Hopkins University shows, bringing the 7-day average of new infections every day to about 30,300.

It is the first time since mid-June that the number of daily cases has fallen below the 30,000 mark for five consecutive days.

According to the Centers for Disease Control and Prevention, an average of 1.8 million vaccinations per day have been reported over the past week, and 48% of the population have received at least one dose of vaccine.

US Covid cases

Hopkins data shows that case numbers nationwide have been mostly down from the last peak about a month ago in mid-April, when the country had more than 71,000 cases per day. The last 7-day average of new infections every day is 30,300.

Dr. White House chief medical officer Anthony Fauci said Wednesday that it was an infection decreasing in each state in the USA

Fauci did not provide the length of time over what period these declines in state-level infections have occurred. A CNBC analysis of the Hopkins data shows the average daily case number in 38 states has decreased by 5% or more over the past week.

US Covid deaths

The US reported 655 Covid deaths on Wednesday, bringing the seven-day average to 572 deaths per day.

US vaccine shots administered

According to the CDC, an average of 1.8 million vaccinations per day were reported for the past week, compared to the high of 3.4 million shots per day in mid-April and also below the average of 2.2 million a week ago.

US percentage of the vaccinated population

About 48% of Americans are at least partially vaccinated, CDC data shows, and 38% are fully vaccinated.

Galaxy Leisure Group Chosen Unaudited Q1 2021 Monetary Information

HONG KONG–()–Galaxy Entertainment Group (“GEG”, “Company” or the “Group”) (HKEx stock code: 27) today reported results for the three month period ended 31 March 2021. (All amounts are expressed in Hong Kong dollars unless otherwise stated)

LETTER FROM THE CHAIRMAN OF GALAXY ENTERTAINMENT GROUP

I wish to take this opportunity to update you on the status of Macau and the performance of GEG in Q1 2021. COVID-19 has continued to impact the community and businesses globally including Macau and GEG. We are encouraged by Macau’s gradual recovery and remain cautiously optimistic that business conditions will continue to improve, while, at the same time, remain hypersensitive about any future outbreaks of the pandemic. From the later part of 2020 and continuing into 2021, we started to see some easing of restrictions relating to COVID-19. As a result, Macau has experienced a gradual increase in visitor arrivals which has translated into increased revenue.

Group’s Q1 Adjusted EBITDA of $859 million more than tripled year-on-year and was down 15% quarter-on-quarter. Please note that even though Adjusted EBITDA in Q1 2021 was less than Adjusted EBITDA in Q4 2020, we are pleased with the outcome given that Q4 2020 included a one-off $100 million COVID-19 insurance claim. In addition, Construction Materials Division is historically seasonal softer in the first quarter compared to the other three quarters. Construction Materials Division contributed $156 million in Q1 2021 compared to $326 million in Q4 2020. This is an annual seasonal occurrence and we expect an improvement in Q2 2021. Further, GEG’s performance was also supported by continued effective cost controls across the Group.

We again applaud the Macau Government for their proactive leadership during the challenging pandemic crisis. Their focus is not only to ensure the health and safety of the community, but also ensuring that Macau is well positioned to attract visitors, support economic recovery and maintain the social stability of Macau. We are pleased that the Macau Government through the Macau Government Tourism Office (MGTO) has been actively touring numerous Mainland cities and actively promoting Macau. This marketing is positioning Macau’s track record in combating COVID-19, promoting the various health and safety measures implemented in Macau and offering special tourism and accommodation packages to encourage visitation to Macau. We will continue to work with and support this important government lead initiative.

On 15 May 2021, Galaxy Macau™ will celebrate an exceptional 10-year presence in Macau. Since our launch in 2011, Galaxy Macau™ has delivered the highest level of entertainment and leisure options and provided exceptional experiences to our guests from all over the world. We are pleased to report that we continue to make good progress with our expansion plans through our development projects including Cotai Phases 3 & 4. In addition, we continue renovate, reconfigure and introduce new products to our resorts and we remain engaged in our international expansion plans including Japan, which is also being impacted by the pandemic.

We were pleased to announce in March 2021 the introduction of the legendary Raffles at Galaxy Macau. Raffles at Galaxy Macau will feature an approximate 450 all-suite tower and is targeted to open in the later part of 2021 or early 2022. The addition of Raffles further expands GEG’s portfolio of world-class accommodation offerings.

Our balance sheet continues to remain healthy with $42.4 billion in cash and liquid investments as at the end of Q1 and $33.6 billion of net cash. Total debt was $8.8 billion, including $8.3 billion associated with our treasury yield enhancement program and $0.5 billion of core debt. Our conservative financial management provides the Group with valuable flexibility in managing our ongoing operations and allows us to continue with our longer term development plans.

Going forward in the medium to longer term, we remain confident in the future of Macau. We have seen signs of early recovery post the reinstatement of the Individual Visit Scheme (“IVS”) in late September 2020 and it may take a few more quarters for business volumes to ramp up. However, we do acknowledge the ongoing difficulties associated with COVID-19 and potential future flare ups of COVID-19 could have a material adverse impact on our financial performance.

Finally, I would again like to acknowledge and thank the Government of Macau and the health and emergency personnel who have worked so hard to ensure the safety of Macau. I would also like to thank our staff, management team and Board of Directors who voluntarily contributed to the various cost savings programs and for being so supportive of our Company during this period of time. Thank you!

Dr. Lui Che Woo

GBM, MBE, JP, LLD, DSSc, DBA

Chairman

Q1 2021 RESULTS HIGHLIGHTS

 

GEG: Gradual Pandemic Recovery Continues Supported by Continued Effective Cost Control

  • Q1 Group net revenue of $5.1 billion, up 1% year-on-year and flat quarter-on-quarter
  • Q1 Group Adjusted EBITDA of $859 million, up 204% year-on-year and down 15% quarter-on-quarter
  • Normalized Q1 Adjusted EBITDA was $690 million after adjusting for good luck of $169 million
  • Latest twelve months Adjusted EBITDA of $(444) million, down 104% year-on-year and up 57% quarter-on-quarter

 

Galaxy MacauTM: Gradual Pandemic Recovery Continues

  • Q1 net revenue of $3.4 billion, down 3% year-on-year and up 3% quarter-on-quarter
  • Q1 Adjusted EBITDA of $764 million, up 132% year-on-year and up 4% quarter-on-quarter
  • Normalized Q1 Adjusted EBITDA was $637 million after adjusting for good luck of $127 million
  • Hotel occupancy for Q1 across the five hotels was 44%

 

StarWorld Macau: Gradual Pandemic Recovery Continues

  • Q1 net revenue of $1.0 billion, up 1% year-on-year and up 6% quarter-on-quarter
  • Q1 Adjusted EBITDA of $170 million, up 63% year-on-year and up 13% quarter-on-quarter
  • Normalized Q1 Adjusted EBITDA was $128 million after adjusting for good luck of $42 million
  • Hotel occupancy for Q1 was 62%

 

Broadway Macau™: A Unique Family Friendly Resort, Strongly Supported by Macau SMEs

  • Q1 net revenue of $15 million, down 72% year-on-year and down 6% quarter-on-quarter
  • Q1 Adjusted EBITDA of $(23) million, versus $(45) million in Q1 2020 and $(28) million in Q4 2020
  • There was no luck impact on Q1 Adjusted EBITDA
  • Hotel occupancy for Q1 was 9%

 

Balance Sheet: Healthy and Liquid Balance Sheet

  • As at 31 March 2021, cash and liquid investments were $42.4 billion and net cash was $33.6 billion
  • As at 31 March 2021, debt was $8.8 billion, including $8.3 billion associated with our treasury yield enhancement program and $0.5 billion of core debt

 

Development Update: Making Progress on Cotai Phases 3 & 4

  • Continue to make ongoing progressive enhancements to our resorts to ensure that they remain competitive and appealing to our guests
  • Cotai Phases 3 & 4 – Continue with development works for Phases 3 & 4, with a strong focus on non-gaming, primarily targeting MICE, entertainment, family facilities and also including gaming, given COVID-19, timelines may be impacted
  • Target to open an exclusive all-suite tower, Raffles at Galaxy Macau in the later part of 2021/early 2022
  • Greater Bay Area & Hengqin – We understand the strategic master plan might have been revised with more emphasis on strengthening ties with Macau’s plan for the future and the Macau community. It was reported that more information will be available shortly and we are eagerly awaiting the details. We are also expanding our focus beyond Hengqin and Macau to potentially include opportunities within the rapidly expanding Greater Bay Area
  • International – Continuously exploring opportunities in overseas markets, including Japan

     

Macau Market Overview

In the first quarter of 2021, Macau continued to be impacted by COVID-19 and the associated travel restrictions. Based on DICJ reporting, Macau’s Gross Gaming Revenue (“GGR”) for Q1 2021 was $22.9 billion, down 22% year-on-year and up 8% quarter-on-quarter.

The IVS was progressively reinstated through the third quarter of 2020 but border entry restrictions for international tourists remained in place impacting customer arrivals. During the first part of 2021 including Chinese New Year, the Central Government encouraged limited travel to assist in combating the pandemic. In Q1 2021, visitor arrivals to Macau were 1.74 million, down 46% year-on-year and down 7% quarter-on-quarter. Mainland visitor arrivals were 1.57 million, down 32% year-on-year and down 10% quarter-on-quarter. Overnight visitors were 919,192, down 40% year-on-year.

Group Financial Results

In Q1 2021, the Group posted net revenue of $5.1 billion, up 1% year-on-year and flat quarter-on-quarter. Adjusted EBITDA was $859 million, up 204% year-on-year and down 15% quarter-on-quarter. Galaxy Macau™’s Adjusted EBITDA was $764 million, up 132% year-on-year and up 4% quarter-on-quarter. StarWorld Macau’s Adjusted EBITDA was $170 million, up 63% year-on-year and up 13% quarter-on-quarter. Broadway Macau™’s Adjusted EBITDA was $(23) million versus $(45) million in Q1 2020 and $(28) million in Q4 2020. Construction Materials Division Adjusted EBITDA grew 31% year on year to $156 million, but declined 52% sequentially due primarily to seasonality. Further, GEG’s performance was also supported by continued effective cost controls across the Group.

Latest twelve months Adjusted EBITDA was $(444) million, down 104% year-on-year and up 57% quarter-on-quarter.

In Q1 2021, the Group’s Normalized Adjusted EBITDA was $690 million after adjusting for good luck of $169 million, up 247% year-on-year and down 29% quarter-on-quarter. Please note that Q4 2020 Adjusted EBITDA benefited from the COVID-19 insurance claim of $100 million.

The Group’s total GGR on a management basis1 in Q1 2021 was $4.8 billion, down 13% year-on-year and up 3% quarter-on-quarter. Mass GGR was $2.8 billion, up 1% year-on-year and up 1% quarter-on-quarter. VIP GGR was $1.8 billion, down 27% year-on-year and up 10% quarter-on-quarter. Electronic GGR was $130 million, down 44% year-on-year and down 27% quarter-on-quarter.

Group Key Financial Data

 

 

 

(HK$’m)

Q1 2020

Q4 2020

Q1 2021

Revenues:

 

 

 

Net Gaming

4,046

 

3,651

 

3,857

 

Non-gaming

549

 

646

 

598

 

Construction Materials

475

 

806

 

641

 

Total Net Revenue

5,070

 

5,103

 

5,096

 

Adjusted EBITDA

283

 

1,010

 

859

 

 

 

 

 

Gaming Statistics2

 

 

 

(HK$’m)

 

 

 

Q1 2020

Q4 2020

Q1 2021

Rolling Chip Volume3

68,169

 

43,910

 

47,235

 

Win Rate %

3.6

%

3.8

%

3.8

%

Win

2,475

 

1,648

 

1,812

 

 

 

 

Mass Table Drop4

11,189

 

12,037

 

11,585

 

Win Rate %

25.2

%

23.4

%

24.6

%

Win

2,815

 

2,817

 

2,849

 

 

 

 

Electronic Gaming Volume

7,119

 

4,322

 

4,195

 

Win Rate %

3.2

%

4.1

%

3.1

%

Win

231

 

178

 

130

 

 

 

 

 

Total GGR Win5

5,521

 

4,643

 

4,791

 

Balance Sheet

Due to our conservative financial management, our balance sheet continues to remain strong. At 31 March 2021, cash and liquid investments were $42.4 billion and net cash was $33.6 billion. Total debt was $8.8 billion, including $8.3 billion associated with our treasury yield enhancement program and $0.5 billion of core debt. Our healthy balance sheet provides us with valuable flexibility in managing our ongoing operations and allows us to continue investing in our longer term development plans.

Galaxy Macau™

Galaxy Macau™ is the primary contributor to Group revenue and earnings. In Q1 2021, Galaxy Macau™’s net revenue was $3.4 billion, down 3% year-on-year and up 3% quarter-on-quarter. Adjusted EBITDA was $764 million, up 132% year-on-year and up 4% quarter-on-quarter. Adjusted EBITDA margin under HKFRS was 22% (Q1 2020: 9%).

In Q1 2021, Galaxy Macau™’s Normalized Adjusted EBITDA was $637 million after adjusting for good luck of $127 million, up 149% year-on-year and down 9% quarter-on-quarter. Please note that Q4 2020 Adjusted EBITDA benefited from the COVID-19 insurance claim of $75 million.

The combined five hotels occupancy rate was 44% for Q1 2021.

 

Galaxy Macau™ Key Financial Data

(HK$’m)

 

 

 

Q1 2020

Q4 2020

Q1 2021

Revenues:

 

 

 

Net Gaming

3,060

 

2,731

 

2,875

 

Hotel / F&B / Others

313

 

290

 

250

 

Mall

151

 

297

 

292

 

Total Net Revenue

3,524

 

3,318

 

3,417

 

 

 

 

 

Adjusted EBITDA

329

 

736

 

764

 

Adjusted EBITDA Margin

9

%

22

%

22

%

 

 

 

 

Gaming Statistics6

 

 

 

(HK$’m)

 

 

 

Q1 2020

Q4 2020

Q1 2021

Rolling Chip Volume7

47,842

 

29,552

 

32,612

 

Win Rate %

4.1

%

3.9

%

4.0

%

Win

1,962

 

1,156

 

1,301

 

 

 

 

Mass Table Drop8

6,519

 

7,348

 

7,128

 

Win Rate %

29.1

%

27.3

%

28.3

%

Win

1,897

 

2,009

 

2,019

 

 

 

 

Electronic Gaming Volume

4,482

 

3,064

 

3,167

 

Win Rate %

4.0

%

5.0

%

3.2

%

Win

178

 

153

 

102

 

 

 

 

 

Total GGR Win

4,037

 

3,318

 

3,422

 

StarWorld Macau

In Q1 2021, StarWorld Macau’s net revenue was $1.0 billion, up 1% year-on-year and up 6% quarter-on-quarter. Adjusted EBITDA was $170 million, up 63% year-on-year and up 13% quarter-on-quarter. Adjusted EBITDA margin under HKFRS was 17% (Q1 2020: 10%).

In Q1 2021, StarWorld Macau’s Normalized Adjusted EBITDA was $128 million after adjusting for good luck of $42 million, up 39% year-on-year and down 10% quarter-on-quarter. Please note that Q4 2020 Adjusted EBITDA benefited from the COVID-19 insurance claim of $25 million.

Hotel occupancy was 62% for Q1 2021.

 

StarWorld Macau Key Financial Data

(HK$’m)

 

 

 

Q1 2020

Q4 2020

Q1 2021

Revenues:

 

 

 

Net Gaming

948

 

914

 

972

 

Hotel / F&B / Others

49

 

35

 

34

 

Mall

5

 

6

 

7

 

Total Net Revenue

1,002

 

955

 

1,013

 

 

 

 

 

Adjusted EBITDA

104

 

150

 

170

 

Adjusted EBITDA Margin

10

%

16

%

17

%

 

 

 

 

Gaming Statistics9

 

 

 

(HK$’m)

 

 

 

Q1 2020

Q4 2020

Q1 2021

Rolling Chip Volume10

18,509

 

13,280

 

13,683

 

Win Rate %

2.4

%

3.6

%

3.4

%

Win

451

 

481

 

470

 

 

 

 

Mass Table Drop11

3,584

 

3,957

 

3,790

 

Win Rate %

20.2

%

16.9

%

19.2

%

Win

725

 

668

 

727

 

 

 

 

Electronic Gaming Volume

1,149

 

584

 

520

 

Win Rate %

2.1

%

2.1

%

3.5

%

Win

24

 

11

 

18

 

 

 

 

 

Total GGR Win

1,200

 

1,160

 

1,215

 

Broadway Macau™

Broadway Macau™ is a unique family friendly, street entertainment and food resort supported by Macau SMEs, it does not have a VIP gaming component. In Q1 2021, Broadway Macau™’s net revenue was $15 million, down 72% year-on-year, down 6% quarter-on-quarter. Adjusted EBITDA was $(23) million, versus $(45) million in prior year and $(28) million in Q4 2020.

There was no luck impact on Broadway Macau™’s Adjusted EBITDA in Q1 2021.

Hotel occupancy was 9% for Q1 2021.

 

Broadway Macau™ Key Financial Data

(HK$’m)

 

 

 

Q1 2020

Q4 2020

Q1 2021

Revenues:

 

 

 

Net Gaming

22

 

0

 

0

 

Hotel / F&B / Others

25

 

10

 

9

 

Mall

6

 

6

 

6

 

Total Net Revenue

53

 

16

 

15

 

 

 

 

 

Adjusted EBITDA

(45

)

(28

)

(23

)

Adjusted EBITDA Margin

NEG12

NEG13

NEG14

 

 

 

 

Gaming Statistics15

 

 

 

(HK$’m)

 

 

 

Q1 2020

Q4 2020

Q1 2021

Mass Table Drop16

114

 

NIL

NIL

Win Rate %

17.9

%

NIL

NIL

Win

20

 

NIL

NIL

 

 

 

Electronic Gaming Volume

220

 

7

 

13

 

Win Rate %

2.0

%

1.5

%

3.5

%

Win

5

 

0

 

0

 

 

 

 

 

Total GGR Win

25

 

0

 

0

 

NIL represents tables closed during the period.

City Clubs

City Clubs contributed $10 million of Adjusted EBITDA in Q1 2021, down 38% year-on-year and up 25% quarter-on-quarter.

City Clubs Key Financial Data

 

 

(HK$’m)

 

 

 

Q1 2020

Q4 2020

Q1 2021

Adjusted EBITDA

16

 

8

 

10

 

 

 

 

 

Gaming Statistics17

 

 

 

(HK$’m)

 

 

 

Q1 2020

Q4 2020

Q1 2021

Rolling Chip Volume18

1,818

 

1,078

 

940

 

Win Rate %

3.4

%

1.1

%

4.4

%

Win

62

 

11

 

41

 

 

 

 

Mass Table Drop19

972

 

732

 

667

 

Win Rate %

17.8

%

19.2

%

15.4

%

Win

173

 

140

 

103

 

 

 

 

Electronic Gaming Volume

1,268

 

667

 

495

 

Win Rate %

1.9

%

1.9

%

2.0

%

Win

24

 

14

 

10

 

 

 

 

 

Total GGR Win

259

 

165

 

154

 

Construction Materials Division

The Construction Materials Division contributed Adjusted EBITDA of $156 million in Q1 2021, up 31% year-on-year and down 52% quarter-on-quarter. Note that Q1 is historically a seasonally softer quarter compare to the other three quarters. This is an annual seasonal occurrence and we expect an improvement in Q2 2021.

Development Update

Galaxy Macau™ and StarWorld Macau

We continue to make ongoing progressive enhancements to our resorts to ensure that they remain competitive and appealing to our guests.

Cotai – The Next Chapter

GEG is uniquely positioned for long term growth. We are proceeding with the development of Phases 3 & 4 and continue to review and refine plans to ensure a world-class optimal development. We see the premium market evolving with this segment preferring higher quality and more spacious rooms. Phases 3 & 4 combined will have approximately 3,000 high end and family rooms and villas, 400,000 square feet of MICE space, a 500,000 square feet 16,000-seat multi-purpose arena, F&B, retail and casinos, among others. We will try to maintain our development targets, however due to COVID-19, development timelines may be impacted. At this point we cannot quantify the impact but we will endeavor to maintain our schedule.

The Group was pleased to announce in March 2021 the signing of a collaboration agreement with Accor for Raffles, the legendary brand that has set the standard in luxury hospitality for more than 130 years. We will welcome the iconic brand with the addition and target opening of an exclusive all-suite tower, Raffles at Galaxy Macau in the later part of 2021 or early 2022. Raffles at Galaxy Macau, will feature an approximate 450 all-suite tower and is the latest chapter in the storied history of the legendary Raffles brand and will soon introduce a new level of sophistication and refinement to Macau.

Greater Bay Area / Hengqin

We understand the strategic master plan might have been revised with more emphasis on strengthening ties with Macau’s plan for the future and the Macau community. It was reported that more information will be available shortly and we are eagerly awaiting the details. In addition, we are expanding our focus beyond Hengqin and Macau to potentially include opportunities within the rapidly expanding Greater Bay Area.

International

Our Japan based team continues with our Japan development efforts even as they deal with the COVID-19 crisis. We view Japan as a long term growth opportunity that will complement our Macau operations and our other international expansion ambitions. GEG, together with Monte-Carlo SBM from the Principality of Monaco and our Japanese partners, remain interested in bringing our brand of World Class IRs to Japan.

Selected Major Awards in Q1 2021

Award

Presenter

Galaxy MacauTM

Michelin One-star

– 8½ Otto e Mezzo BOMBANA

– Lai Heen

Michelin Plate

– Terrazza Italian Restaurant

– The Ritz-Carlton Café

– Yamazato

2021 Particularly Pleasant Luxury Hotel

– Banyan Tree Macau

– The Ritz-Carlton, Macau

Michelin Guide Hong Kong and Macau 2021

2021 Forbes Travel Guide Five-star Hotel

– Banyan Tree Macau

– The Ritz-Carlton, Macau

2021 Forbes Travel Guide Five-star Spa

– Banyan Tree Spa Macau

– The Ritz-Carlton Spa, Macau

2021 Forbes Travel Guide Five-star Restaurant

– Belon

– Lai Heen

Forbes Travel Guide

SCMP 100 Top Tables 2021

– 8½ Otto e Mezzo BOMBANA

– Lai Heen

– Yamazato

South China Morning Post

Hotel Group B (Excellence Award)

Energy Saving Concept Award (Hotel Group)

Macau Energy Saving Activity 2020

StarWorld Macau

Top Class Comfort Hotel

Michelin Two-star – Feng Wei Ju

Michelin Guide Hong Kong and Macau 2021

SCMP 100 Top Tables 2021 – Feng Wei Ju

South China Morning Post

Broadway MacauTM

Michelin Plate – Wong Kun Sio Kung

Michelin Guide Hong Kong and Macau 2021

Hotel Group B (Excellence Award)

Macau Energy Saving Activity 2020

Construction Materials Division

The 19th Hong Kong Occupational Safety & Health Award – Safety

Performance Award (Other Industries) – Outstanding

Occupational Safety and Health Council

 

 

The 19th Hong Kong Occupational Safety & Health Award – Safety

Management System Award (Other Industries) – Merit

The 19th Hong Kong Occupational Safety & Health Award – Safety

Management System Award – Best Workplace Infection Control

Measures Award (Other Industries) – Merit

Outlook

We are pleased with the progressive reinstatement of the IVS visas in Mainland through Q3 2020 and we have seen a steady recovery post Chinese New Year. The Macau Government is working closely with the Mainland authorities toward resuming approval of the online IVS visa application process and the reintroduction of package tours.

The Macau Government has an outstanding track record on handling the challenging pandemic crisis. Their focus is not only to ensure the health and safety of the community, but also ensuring that Macau is well positioned as a quality destination to attract visitors, support economic recovery and maintain the social stability of Macau. We believe that when Mainland and international tourists make future travel plans, health and safety will be foremost in their minds.

We look forward to the launching of the public consultation on the proposed amendments to Macau’s gaming law in the second half of this year. Additionally, the Macau SAR Legislative Assembly election will take place on 12 September 2021.

Recently, the Central Government announced that it was exploring a Digital Currency Electronic Payment (DCEP) project and a further discussion of using RMB digital currency. We are encouraged by this concept and support this government initiative, and we look forward to learning more about their plans.

From 1 March 2021, a new criminal law was introduced in Mainland China. We expect the new law to have significant impact on the VIP business and junket players. GEG is fully compliant with the laws and regulations of the locations where it has commercial activities. The Central Government has stressed that it wants the gaming industry of Macau to have a healthy development and diversify. GEG supports a more transparent and regulated operational environment that will benefit the development of the industry in the longer term.

GEG is ready to capture future growth with our substantial development pipeline. These include the ongoing development of Cotai Phases 3 & 4 which are specifically designed to capture a larger share of the Mass business. We continue to renovate our existing properties, reconfigure and introduce new products into our resorts to ensure they remain highly competitive and appealing to our valuable guests.

These projects will support Macau’s economy in both the near and longer term. We remain engaged in our international expansion plans including Japan. We understand that due to the impact of COVID-19, Japan has revised their timeline of Integrated Resorts licenses and we remain interested in introducing our brands to Japan. We have great confidence in Macau and we will continue with our development program. Whilst we remain confident, we are conscious that potential future flare ups of COVID-19 could impact the rate of Macau’s recovery. GEG remains committed to support the Government’s vision to develop Macau into a World Center of Tourism and Leisure.

– END –

About Galaxy Entertainment Group (HKEx stock code: 27)

Galaxy Entertainment Group (“GEG” or the “Group”) is one of the world’s leading resorts, hospitality and gaming companies. It primarily develops and operates a large portfolio of integrated resort, retail, dining, hotel and gaming facilities in Macau. The Group is listed on the Hong Kong Stock Exchange and is a constituent stock of the Hang Seng Index.

GEG is one of the three original concessionaires in Macau with a successful track record of delivering innovative, spectacular and award-winning properties, products and services, underpinned by a “World Class, Asian Heart” service philosophy, that has enabled it to consistently outperform the market in Macau.

GEG operates three flagship destinations in Macau: on Cotai, Galaxy Macau™, one of the world’s largest integrated destination resorts, and the adjoining Broadway Macau™, a unique landmark entertainment and food street destination; and on the Peninsula, StarWorld Macau, an award winning premium property.

The Group has the largest undeveloped landbank of any concessionaire in Macau. When The Next Chapter of its Cotai development is completed, GEG’s resorts footprint on Cotai will double to more than 2 million square meters, making the resorts, entertainment and MICE precinct one of the largest and most diverse integrated destinations in the world. GEG is also progressing plans for its Hengqin project and we are also expanding our focus beyond Hengqin and Macau to potentially include opportunities within the rapidly expanding Greater Bay Area. These projects will help GEG develop and support Macau in its vision of becoming a World Centre of Tourism and Leisure.

In July 2015, GEG made a strategic investment in Société Anonyme des Bains de Mer et du Cercle des Etrangers à Monaco (“Monte-Carlo SBM”), a world renowned owner and operator of iconic luxury hotels and resorts in the Principality of Monaco. GEG continues to explore a range of international development opportunities with Monte-Carlo SBM including Japan.

GEG is committed to delivering world class unique experiences to its guests and building a sustainable future for the communities in which it operates.

For more information about the Group, please visit www.galaxyentertainment.com

1 The primary difference between statutory gross revenue and management basis gross revenue is the treatment of City Clubs revenue where fee income is reported on a statutory basis and gross gaming revenue is reported on a management basis. At the Group level the gaming statistics include Company owned resorts plus City Clubs.

2 Gaming statistics are presented before deducting commission and incentives.

3 Reflects junket rolling chip volume only.

4 Mass table drop includes the amount of table drop plus cash chips purchased at the cage.

5 Total GGR win includes gaming win from City Clubs.

6 Gaming statistics are presented before deducting commission and incentives.

7 Reflects junket rolling chip volume only.

8 Mass table drop includes the amount of table drop plus cash chips purchased at the cage.

9 Gaming statistics are presented before deducting commission and incentives.

10 Reflects junket rolling chip volume only.

11 Mass table drop includes the amount of table drop plus cash chips purchased at the cage.

12 NEG represents negative margin.

13 NEG represents negative margin.

14 NEG represents negative margin.

15 Gaming statistics are presented before deducting commission and incentives.

16 Mass table drop includes the amount of table drop plus cash chips purchased at the cage.

17 Gaming statistics are presented before deducting commission and incentives.

18 Reflects junket rolling chip volume only.

19 Mass table drop includes the amount of table drop plus cash chips purchased at the cage.

Each day U.S. information on April 14

Johnson & Johnson COVID-19 vial and box at a vaccination site. Despite a small number of people who have experienced side effects, including blood clots, doses of the Johnson & Johnson vaccine are being given across the state of Florida.

Paul Hennessy | LightRocket | Getty Images

Data from the Centers for Disease Control and Prevention shows that 2.6 million vaccine doses were administered in the US on Tuesday, bringing the daily average of shots fired last week to a new high of 3.4 million.

US officials say the Food and Drug Administration recommended it Break in using the Johnson & Johnson vaccine will not slow down the vaccination campaign.

Jeff Zients, the White House’s Covid-19 response coordinator, told reporters Tuesday that the Johnson & Johnson Announcement “will have no material impact on our vaccination program.”

“The president has always said that this is a war effort and as such we have mobilized a war effort to prepare for a variety of scenarios,” Zients said. “We have more than enough supplies Pfizer and Modern Vaccines to continue the current pace of around 3 million shots a day. “

The Johnson & Johnson vaccine accounts for 7.2 million of the total doses given to Americans to date, compared with 99.5 million Pfizer doses and 85.4 million Moderna doses. Johnson & Johnson’s single-dose vaccine is responsible for 9.5% of the roughly 75 million Americans who are fully vaccinated, according to CDC data.

US vaccine shots administered

With 2.6 million shots administered on Tuesday, the last 7-day average of daily doses administered rose to 3.4 million.

White House Covid-19 Data Director Cyrus Shahpar said in a tweet that this was the first Tuesday – a day typically lower due to weekly reporting patterns – with more than 2 million reported doses administered.

US percentage of the vaccinated population

More than 75 million Americans are now fully vaccinated, according to the CDC, accounting for nearly 23% of the total population. About 122 million people, or 37% of the population, have received at least one dose.

Of those over 65, almost 80% have received at least one dose and 62.5% are fully vaccinated.

US Covid cases

The number of coronavirus cases in the United States is increasing, according to data from Johns Hopkins University. The most recent seven-day average of around 71,200 new cases per day corresponds to an increase of 10% compared to the previous week.

In Michigan, the state with the highest daily new cases per capita, the number of infections continues to rise. Michigan averages about 7,800 new cases per day, close to the state’s pandemic high of more than 8,300 per day recorded in December.

The average daily number of cases is increasing in a total of 35 states.

US Covid deaths

The 7-day average of daily reported Covid deaths in the US is 973, according to JHU data.

The death toll trend is currently being obscured by a mass release of data from around 1,800 Oklahoma deaths. The Oklahoma Department of Health switches to the guidelines for data reporting according to CDC requirements. These deaths are all reported for April 7th, even if they occurred previously.

Prior to this reporting anomaly, the daily US Covid death toll had declined from record levels in January.