Gaming

SJM 2018 profit rises 45 pct to HK$2.8 billion

Hong Kong-listed SJM Holdings’ net profit rose by 45.2 percent year-on-year to HK$2.85 billion patacas last year, the gaming company said Thursday.

1 Mar, 2019

Macau’s casino revenue drops 5 percent in January

Gambling revenue in Macau fell 5 percent in January, the first drop in more than two years, Macau’s Gaming Inspection and Coordination said on Friday.

4 Feb, 2019

Pansy Ho ‘tightens grip’ over SJM

Pansy Ho Chiu King, co-chair of gaming operator MGM China, has struck a strategic alliance that boosts her control of rival casino concessionaire SJM Holdings, global newswire Reuters reported Thursday.

25 Jan, 2019

VIP baccarat generates 55 pct of 2018 casino receipts

VIP baccarat generated nearly 55 percent of Macau’s gross gaming revenue last year, the Gaming Inspection and Coordination Bureau (DICJ) has announced.

18 Jan, 2019

Macau gaming operators reduce plastic footprint, ditching straws

Gaming operators such as Sands China and MGM have pulled the last straw as part of their effort to reduce their plastic footprint.

4 Jan, 2019

Macau casinos rake in US $37.6 bln gaming revenue in 2018

Gambling revenue in Macau rose 14 percent in 2018, the second consecutive year of gain.

1 Jan, 2019

Lawmakers pass bill banning off-duty gaming staff from casinos

The Legislative Assembly (AL) Tuesday passed a government-initiated bill banning off-duty gaming staff from entering local casinos, with the aim of reducing the risk of gaming staff becoming addicted to gambling.

19 Dec, 2018

Leong Vai Tac reaffirms ban on hiring of non-local dealers

Secretary for Economy and Finance Leong Vai Tac Wednesday reaffirmed the government’s stance of banning the hiring of non-local casino dealers.

13 Dec, 2018

Macau gaming receipts rise to US$ 3.1 billion in November

Gross gaming revenue in Macau casinos rose 8.5 percent in November to 25 billion patacas (US$ 3.1 billion) from a year earlier, according to data released Saturday by the Gaming Inspection and Coordination Bureau (DICJ).

2 Dec, 2018

Granting of gaming concessions by open tender: Leong

Secretary for Economy and FinanceLeong Vai Tac reaffirmed in the legislature’s hemicycle Monday that the government plans to launch an open tender process for the granting of future gaming concessions, in the run-up to the expiration of the city’s three gaming concessions and three sub-concessions.

27 Nov, 2018

Weight of gaming in Macau economy increases to 49.1% in 2017

The weight of gaming in Macau’s gross value-added structure increased by 2.5 percentage points from 2016 to 2017, accounting for 49.1% of the total, according to the region’s Statistics and Census Bureau (DSEC).

22 Nov, 2018

Macau casinos revenue up 2.6 percent in October

Gross gaming revenue in Macau rose 2.6 percent in October to 27.3 billion patacas (US$ 3.4 billion) from a year earlier.

1 Nov, 2018

SJM Holdings profit rises 65 pct in Q3

SJM Holdings’ profit attributable to owners of the gaming company in the third quarter rose by 65.1 percent year on year to HK$707 million

31 Oct, 2018

Stanley Ho’s son to open resort in Cotai

Gaming mogul Stanley Ho Hung Sun’s son Arnaldo Ho Yau Heng announced Thursday that he will open a HK$5-billion Macau-themed resort called Lisboeta in 2020, just across the road from the luxury Grand Lisboa Palace in Cotai.

19 Oct, 2018

Macau casinos revenue up 2.8% in September 

Casino gross gaming revenue in Macau rose 2.8% year-on-year in September, to MOP 21.952 billion (US$ 2.72 billion)

1 Oct, 2018

Macau Gaming Show to partner with 2 SOEs

The Macau Gaming Equipment Manufacturers Association (MGEMA), the organiser of the Macau Gaming Show, will partner with two state-owned enterprises (SOEs) – Nam Kwong Culture and Creativity Industry Co. Ltd. and China National Machinery Industry International Co. Ltd. (SINOMACHINT) – at the 6th MGS Entertainment Show in November, MGEMA Chairman Jay Chun said Monday.

25 Sep, 2018

Macau Casino stocks drop as typhoon shutdown tipped to cost up to 1.5 billion patacas

Local casino stocks retreated Monday after Typhoon Mangkhut forced a 33-hour shutdown of the world’s biggest gambling hub, a halt that’s estimated to cost the city’s six gaming operators as much as 1.5 billion patacas in revenue.

18 Sep, 2018

Total receipts of gaming activities in Macau increased 18.7 % in 2017, official

Total receipts of the 10 enterprises engaging in gaming activities increased by 18.7% year-on-year to MOP268.01 billion (US$ 33.5 billion), marking an end to the downward trend over three consecutive years since 2014, according to data released by the Statistics and Census Service (DSEC), today.

10 Sep, 2018

Macau gaming revenue climbed 17 percent in August

Macau’s gaming revenue climbed 17 percent in August from a year earlier to 26.6 billion patacas ($3.3 billion)

2 Sep, 2018

Galaxy profit jumps 56pc to US$ 917.2 million

Casino resorts owner Galaxy Entertainment reported an interim net profit of HK$7.2 billion (US$917.2 million) , up 56 percent on-year, driven by strong mass and VIP business.

9 Aug, 2018