Gaming

Amax says hotel takeover by Suncity ‘untrue’  

Hong Kong-listed Amax International Holdings said in a statement to the Hong Kong Stock Exchange yesterday that reported claims by junket operator Suncity that it was now controlling the mothballed Beijing Imperial Palace Hotel in Taipa are “untrue”.

24 May, 2018

Lawrence Ho eyes June 15 opening for Morpheus hotel

The US$1.1 billion hotel Morpheus at the City of Dreams (COD) complex in Cotai is targeted to open on June 15 with a casino floor to tap the premium mass market as there won’t be junket operators to bring in high-rollers, Melco Resorts & Entertainment Chairman and CEO Lawrence Ho Yau-lung said Tuesday.  

16 May, 2018

4 gaming firms extend maternity and paternity leave

Four of Macau’s six gaming operators announced Monday in separate statements increased paid maternity and paternity leave for their employees.

15 May, 2018

Melco grow 3 percent in Q1

Melco Resorts & Entertainment saw its revenue grow by 3 percent to US$1.3 billion in the three months to 31 March 2018

4 May, 2018

Galaxy’s revenue rises 32 pct in Q1

Galaxy Entertainment Group (GEG) said in a statement Thursday that its revenue rose 32 percent year on year to HK$18.5 billion in the first quarter.

4 May, 2018

SJM’s gaming revenue rises 6.7 pct in Q1

SJM Holdings said in a statement Wednesday that its net gaming revenue for the first quarter rose by 6.7 percent year on year to HK$8.41 billion.

3 May, 2018

Macau gross gaming revenue surged 28 percent in April

Casino gross gaming revenue in Macau rose by 27.6 percent year-on-year in April, to MOP 25.7 billion (US$3.2 billion), according to the Gaming Inspection and Coordination Bureau (DICJ).

2 May, 2018

Venetian’s net revenue rose 19.6 percent in 1Q18

Las Vegas Sands saw its revenue increase by 16.7 percent to US$3.58 billion in the three months to 31 December 2018, including a 17 percent increase from its Macau operations to US$2.16 billion.

27 Apr, 2018

MGM China revenue rises 26 pct in Q1

MGM China recorded total revenue of HK$4.7billion in the first quarter, a year-on-year growth of 26 percent, the US gaming company said in a statement Thursday.

27 Apr, 2018

Wynn Macau posts two-fold profit gain for first quarter of 2018

Wynn Resorts Ltd.'s financial results for the first quarter of 2018 show that its operating revenue rose more than 20 percent over the same quarter in 2017 to US$1.72 billion (MOP13.87 billion).

26 Apr, 2018

Stanley Ho to retire, Daisy Ho to chair SJM Holdings

Stanley Ho Hung Sun will step down from his flagship casino company SJM Holdings, the company said Thursday, as the 96-year-old mogul hands over the reins to his daughter Daisy. 

13 Apr, 2018

Gaming in Macau generates revenue of US$3.2 billion in March

Gross casino gaming revenues in Macau rose by 22.2% in March to 25.950 billion patacas (US$3.244 billion), according to the Macau Games Inspection and Coordination Bureau (DICJ).

1 Apr, 2018

Agriculture Bank of China opens branch in Macau

The state-owned Agricultural Bank of China (AgBank or ABC), one of the nation’s “Big Four” banks as well as one of the largest banks in the world, opened a branch in Macau Wednesday.

29 Mar, 2018

Galaxy Entertainment Group buy 5.3 per cent of Wynn Resorts

Galaxy Entertainment Group and Wynn Resorts, Limited announced that Galaxy Entertainment has agreed to purchase 5.3 million primary shares of Wynn Resorts at a price of $175 a share, resulting in $927,500,000 of gross proceeds to Wynn Resorts.

24 Mar, 2018

Wynn reports Jan-Feb revenue growth

Wynn Macau property in Nape recorded total revenues of US$418.1 million in the first two months of the year, up 18.8 percent year on year.

9 Mar, 2018

Gaming operators need right mix of clients to stay competitive: analyst

Competition in the local gaming industry is getting tougher as gaming operators are upgrading their facilities and new infrastructure is taking shape, so the winning formula is to strike the right balance between high-end and mass-market customers

8 Mar, 2018

Casino revenue growth slows in February

Macau’s gaming revenue growth rose 5.7 percent to 24.3 billion patacas (US$ 3.03 billion)  in February, the slowest pace since January 2017, the Gaming Inspection and Coordination Bureau (DICJ) said Thursday. 

2 Mar, 2018

Galaxy posts 67 pct rise in 2017 profit

Galaxy Entertainment Group (GEG) said Wednesday that it posted a 67 percent rise in full-year net profit last year.

1 Mar, 2018

SJM profit drops 15.6 pct in 2017

SJM said Wednesday that its profit dropped 15.6 percent to HK$1.96 billion patacas last year, even though its gaming revenue rose 0.1 percent to HK$41.29 billion.

1 Mar, 2018

Government approves extension of horse race concession until 2024

The Macau government has approved an extension of the city’s horse racing concession for a period of 24 years and six months, the Secretary for Economy and Finance, Leong Vai Tac said today.

27 Feb, 2018