Businessman David Chow Kam Fai, co-chairman of Macau Legend Development and former member of the Legislative Assembly (AL), Wednesday urged the government to study the possibility of granting two additional gaming concessions after the expiration of the city’s three gaming concessions and three sub-concessions.
31 May, 2018
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
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
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 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 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 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
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
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 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 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 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
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
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 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 Macau property in Nape recorded total revenues of US$418.1 million in the first two months of the year, up 18.8 percent year on year.
9 Mar, 2018
Competition in the local gaming industry is getting tougher as gaming operators are upgrading their facilities and new infrastructure is taking shape, so the winning formula is to strike the right balance between high-end and mass-market customers
8 Mar, 2018
Macau’s gaming revenue growth rose 5.7 percent to 24.3 billion patacas (US$ 3.03 billion) in February, the slowest pace since January 2017, the Gaming Inspection and Coordination Bureau (DICJ) said Thursday.
2 Mar, 2018
Galaxy Entertainment Group (GEG) said Wednesday that it posted a 67 percent rise in full-year net profit last year.
1 Mar, 2018
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