Gaming

New gaming inspection chief sworn in

Adriano Marques Ho was sworn in on Wednesday as the new director of the Gaming Inspection and Coordination Bureau (DICJ). 

11 Jun, 2020

Louis Ng ends role as COO of SJM

Louis Ng Chi Sing is no longer the chief operating officer (COO) of gaming operator SJM S.A.

10 Jun, 2020

MGM holds seminar on ‘Spirit of Two Sessions’

MGM held a one-day seminar on Monday for its staff members on the "Spirit of the Two Sessions”, the American gaming operator said in a statement.

9 Jun, 2020

Gaming tax receipts fall 56% in Jan–May

The government's income from gross gaming revenue taxes fell 56.5% year-on-year to MOP 21.0 billion (US$2.6 billion).

8 Jun, 2020

Stanley Ho’s daughter Deborah files caveat over his estate

Deborah Ho Chiu Hung, one of the 16 children of gaming magnate Stanley Ho Hung Sun, who passed away, has filed a caveat to bar dealings in his estate without notifying her lawyers.

6 Jun, 2020

Sands expects US$1.48 billion net proceeds from senior notes issue

Sands China said today it estimates that the net proceeds from the offering of senior notes will be about US$1.48 billion (MOP 11.8 billion) and that it intends to use the net proceeds for incremental liquidity and general corporate purposes.

3 Jun, 2020

Sands Chairman Adelson ‘saddened’ by passing of Dr. Stanley Ho

Sands Chairman and Chief Executive Officer Sheldon G. Adelson and his wife Miriam have been saddened by the passing of Macao gaming magnate Dr. Stanley Ho Hung Sun last week.

2 Jun, 2020

Macao gaming revenue falls 93% in May

Macao's gross revenue from games of chance fell 93.2 per cent year-on-year to MOP 1.76 billion (US$221 million) last month, the Gaming Inspection and Coordination Bureau (DICJ) announced today.

1 Jun, 2020

Macau casino magnate Stanley Ho dies at 98 in Hong Kong hospital

Macau gaming magnate Stanley Ho Hung Sun passed away in Hong Kong at the age of 98 today, his family announced outside Hong Kong Sanatorium and Hospital. 

26 May, 2020

Macau gambling king Stanley Ho dies aged 98

Stanley Ho Hung-sun, chairman of Shun Tak Holdings, has died today at age 98.

26 May, 2020

Sands China to invest MOP 17.5 billion in 2020 and 2021

Sands China will maintain its plans for the near future and promises to invest MOP 17.5 billion (US$2.2 billion) between this year and the next.

22 May, 2020

Melco reports US$149.9 million operating loss for Q1

Gaming operator Melco Resorts & Entertainment Limited reported on Wednesday an operating loss of US$149.9 million for the first quarter of this year, compared with operating income of US$191.1 million in the same quarter of last year.

14 May, 2020

Galaxy net revenue falls 61% in Q1

Galaxy Entertainment Group (GEG) said in a statement to the Hong Kong Stock Exchange on Wednesday that its net revenue fell 61% both year-on-year and quarter-on-quarter to HK$5.1 billion in the first quarter.

14 May, 2020

Adelson ‘gives up’ on Japan casino project

US gaming mogul Sheldon Adelson’s Las Vegas Sands has given up on its US$10 billion casino project in Japan, Fox Business reported on Tuesday.

14 May, 2020

Gaming tax receipts fall 47.9% in Jan-April

The government's receipts from gaming taxes fell 47.9% year-on-year to MOP 20.5 billion (US$2.56 billion) in the first four months of the year, the Financial Services Bureau (DSF) announced today. 

12 May, 2020

MGM China says CEO Grant Bowie to retire end-May

US gaming operator MGM China Holdings Limited announced today that Chief Executive Officer Grant R. Bowie has "notified" the company of his decision to retire with effect from May 31.

11 May, 2020

Wynn Macau reports US$154 million net loss in Q1

Wynn Macau reported today a net loss of US$154.1 million (MOP 1.23  billion) in the first quarter. 

7 May, 2020

SJM’s EBITDA falls 118% in Q1, ‘severely impacted by COVID-19’

SJM Holdings Limited announced today that its adjusted EBITDA declined year-on-year to a negative HK$200 million in the first quarter, a decrease of 118.6%.

5 May, 2020

MGM China records negative EBITDA of HK$100 million in Q1

Hong Kong-listed gaming operator MGM China reported today an adjusted negative EBITDA of HK$0.1 billion for the first quarter.

3 May, 2020

Gaming revenue falls 96.8% in April

Macau's gross gaming revenue fell 96.8% year-on-year to MOP 754 million (US$95.1 million) in April.

1 May, 2020