Gaming

Macau smoking lounges

Smoking lounges in casinos not against WHO

Setting up smoking lounges in casinos is not contrary to the World Health Organisation's (WHO) suggestion of building a smoke-free environment, Secretary for Social Affairs and Culture Alexis Tam Chon Weng said on Monday.

21 Feb, 2017

The 13 Macau

US firm buys big stake in The 13 Holdings

Ahead of the opening of its The 13 luxury hotel in Coloane slated for later this quarter, Hong Kong-listed property developer The 13 Holdings has announced that American investment firm Evolution Capital Management has acquired a major stake in its business.

20 Feb, 2017

MGM

MGM reports revenue of HKD14.9 billion for 2016

Gaming operator MGM China reported a total revenue of HKD14.9 billion for the 2016 financial year. In the year under review, MGM China recorded an EBITDA of HKD4.5 billion, a slight dip from HKD4.7 billion in 2015.

17 Feb, 2017

Melco Crown

Melco Crown revenue up 13 percent in 2016 Q4

Melco Crown Entertainment Ltd. reported its unaudited financial results for the fourth quarter and for the full year ending December 31, 2016. The results showed that net revenue during the fourth quarter of last year grew about 13 percent year-on-year from USD1,058 million to almost USD1,193.

17 Feb, 2017

Gaming

Gaming revenue grows 3.1 per cent in January

Gross gaming receipts rose 3.1 per cent to MOP19.3 billion (USD2.4 billion), according to data released by Macau’s Gaming Inspection and Coordination Bureau on Wednesday.

2 Feb, 2017

Wynn Resorts

Wynn Resorts net income rises 30.5% in 2016 4Q

Wynn Resorts has reported a 30.5 per cent year-on-year rise in net income for the fourth quarter of 2016, attributed to strong revenue from Wynn Palace, and offset by decreased earnings from Wynn Macau.

27 Jan, 2017

Sands China Ltd.

Sands China Ltd. Adjusted EBITDA increased 5% in 2016 4Q

Adjusted EBITDA for Sands China Ltd. (SCL) was US$610 million, an increase of 5 per cent against prior year's fourth quarter, SCL announced today on the Hong Kong Stock Exchange.

26 Jan, 2017

Macau Gaming Inspection licenses 126 junket operators in 2017

The total number of licensed gaming junkets fell from 141 in January 2016 to 126 at the start of this year, according to the Gaming Inspection and Coordination Bureau (DICJ), marking a decline of 10.6 per cent over the course of 12 months.

26 Jan, 2017

Mass market baccarat ends 2016 with higher revenues at Macau’s casinos

Mass market baccarat ended 2016 with an increase in gross revenue while the mainstay of Macau casinos, VIP baccarat, saw a year on year decline, according to figures released by the region's Gaming Inspection and Coordination Bureau (DICJ).

18 Jan, 2017

Macau casino taxes may face revision says DICJ director

Discussion over gaming tax rates in Macau has prompted the director of the Gaming Inspection and Coordination Bureau (DICJ) to announce the possibility of amending existing casino taxation laws. Such an amendment would occur before the casino license renewal period due in the next decade.

17 Jan, 2017

Macau casino workers protest for wage hike

The New Macau Gaming Workers' Rights Union organised a protest march on Monday, urging the government to push the city’s six gaming operators to raise their workers’ wages by at least five per cent.

10 Jan, 2017

Scholar expects up to 10 per cent rise in 2017 gaming receipts

Davis Fong Ka Chio, who heads the Institute for the Study of Commercial Gaming at the University of Macau (UM), said on Tuesday he expected Macau’s gaming revenues to rise by up to 10 per cent this year.

4 Jan, 2017

Macau gaming revenue falls 3.3 per cent in 2016

Macau gambling revenue falls 3.3 per cent in 2016 for the 3rd year in a row.

3 Jan, 2017

Japan lifting casino ban won’t greatly impact Macau says scholar

A green light for casinos to operate in Japan is unlikely to have a significant impact on the gaming industry in Macau, Davis Fong Ka Chio, who heads the Institute for the Study of Commercial Gaming at the University of Macau (UM), said this week. Fong made the remarks in an interview on Wednesday in his office … Continue reading "Japan lifting casino ban won’t greatly impact Macau says scholar"

9 Dec, 2016

Macau’s gaming revenue increases for the third consecutive month

Macau’s gaming revenue posted a 8.8 per cent increase in revenues to US$ 2.73 billion ( 21.8 billion patacas), according to Macau’s Gaming Inspection and Coordination Bureau.

2 Dec, 2016

Melco Crown income rises 22 per cent in Q3

Melco Crown Entertainment said in a statement on Thursday that its operating income for the third quarter was US$108.9 million, up 22 per cent year-on-year. The company’s net revenue between July and September rose 22 per cent year-on-year to US$1.15 billion, according to the statement. The increase in net revenue was primarily attributable to the … Continue reading "Melco Crown income rises 22 per cent in Q3"

4 Nov, 2016

Macau's GDP

SJM revenue falls 11 per cent in 3rd quarter

SJM Holdings’ gaming revenue fell 11.1 per cent year-on-year to HK$9.99 billion in the third quarter, the gaming company said in a statement on Tuesday. In the first nine months, gaming revenue dropped 17.8 per cent year-on-year to HK$30.87 billion. Adjusted Ebitda decreased 8.4 per cent to HK$810 million in the third quarter. In the first three … Continue reading "SJM revenue falls 11 per cent in 3rd quarter"

3 Nov, 2016

Macau’s gaming revenue grows 8 per cent in October

Macau posted an 8.8 per cent growth in gambling revenue in October, the third consecutive monthly rise, according to the Macau Gaming Inspection and Coordination Bureau (DICJ). Gaming revenue was MOP 21.8 billion (US$2.73 billion), government data showed on Tuesday. The growth reversed a 26-month fall of revenues of the 38 Macau casinos.  In the first 9 months of … Continue reading "Macau’s gaming revenue grows 8 per cent in October"

1 Nov, 2016

Ian Coughlan appointed as president of Wynn Macau

Ian Coughlan was appointed as president of Wynn Macau, replacing Gamal Abdelaziz, who resigned, the Las Vegas-based company said Friday in a filing. Coughlan will be responsible for all operations and development at the Wynn Palace, as well as the Wynn Macau resort, the company said. The Palace opened on Aug. 22, and the part … Continue reading "Ian Coughlan appointed as president of Wynn Macau"

5 Oct, 2016

Macau casino revenue grows for the second straight month

Macau casino gaming revenue grew for the second straight month in September according to statistics released on Saturday from Macau’s Gaming Inspection and Coordination Bureau (DICJ). The figures released by the DICJ showed gross gaming revenue hitting MOP 18.4 billion (US $2.3 billion) in September, up 7.4 per cent from the same month last year. That followed … Continue reading "Macau casino revenue grows for the second straight month"

3 Oct, 2016