Casino operator Las Vegas Sands Corp reported a year-on-year increase of 61.9 percent in net income in the second quarter of 2017 to US$638 million. The quarterly results were driven by strong performance at its Macau and Singapore subsidiaries, the firm announced on Wednesday.
27 Jul, 2017
Wynn Resorts Ltd.’s new Macau resort came up short last quarter, failing to fully capitalize on the recovery in the world’s biggest casino market as construction nearby kept some guests away.
27 Jul, 2017
The police busted a fake VIP gaming room in a hotel suite in Nape on Wednesday and arrested 19 gang members from the mainland.
21 Jul, 2017
The Macau Jockey Club in Taipa reported accumulated losses of 4.07 billion patacas, assets of 240 million patacas and liabilities of 1.3 billion patacas at the end of last year.
20 Jul, 2017
Judiciary Police Director, Chau Wai Kuong, said that the recent rise in gaming-related loan-sharking cases and gaming-related false imprisonment cases was partially due to the drop in gaming revenues over the last few years.
13 Jul, 2017
Secretary for Economy and Finance Lionel Leong Vai Tac said that the government has not yet decided whether it will keep the current system of gaming sub-concessions. The policy secretary overseeing the gaming industry pledged that the government will “seriously” study the views expressed by civil society concerning the upcoming gaming concession bidding process. Leong … Continue reading "No decision yet whether to keep sub-concession system"
11 Jul, 2017
Gross gaming receipts in June rose to 19.99 billion patacas, 25.9 percent year on year.That compares with the median prediction for a 30 percent increase in a Bloomberg survey of 11 analysts and follows a 24 percent jump in May.
3 Jul, 2017
Macau's economy is expected to grow at an average real rate of 7.8% this year and 2018, boosted by the recovery in services exports, particularly those related to gambling, according to the latest Economist Intelligence Unit (EIU) report.
22 Jun, 2017
Gaming Inspection and Coordination Bureau (DICJ) Director Paulo Martins Chan said Thursday that enhancing security in the 39 city’s casinos was “an urgent matter”, even though there was a low risk of the city being attacked.
16 Jun, 2017
Crown Resorts Ltd. said its staff held in China have been charged with gambling-related offenses, the most significant development in the case since the employees were rounded up by mainland authorities in October.
14 Jun, 2017
Macau’s gross gaming revenue in May rose 23.7 percent year-on-year to MOP 22.74 billion, posting a 10-month winning streak and beating analysts’ forecasts.
2 Jun, 2017
Officials held a meeting with representatives of the city’s gaming operators and junket promoters briefing them on the Legislative Assembly Election Law which requires them to remain politically neutral in the upcoming legislative elections.
1 Jun, 2017
Secretary for Economy and Finance Lionel Leong Vai Tac said late last week that the government would not simply renew the city’s current gaming concessions and sub-concessions when they expire, but that it would instead launch a new bidding process.
22 May, 2017
The Judiciary Police arrested 11 men and women from the mainland on Tuesday for alleged membership of a loan-sharking gang which for six months had offered casino patrons gambling loans.
18 May, 2017
SJM Chief Executive Officer Ambrose So Shu Fai said on Monday that as Macau’s gaming revenue has been up for nine straight months, and if the momentum continues, there could even be double-digit growth in this year’s gaming revenue.
9 May, 2017
Casino operator Galaxy Entertainment Group (GEG) said on Thursday that its total revenue in the first quarter rose 5 percent year on year to HK$14.1 billion.
5 May, 2017
Gross revenue from Macau’s casinos grew 16.3 percent year on year in April to 20.162 billion patacas (US$2.52 billion), according to data released by the Macau Gaming Inspection and Coordination Bureau.
2 May, 2017
Sands China Ltd.'s (SCL) total net revenues increased 15.3 percent to US$ 1.88 billion in the first quarter of 2017, compared to US$ 1.63 billion in the first quarter of 2016.
27 Apr, 2017
Hong Kong-listed Gaming Operator SJM Holdings has announced that Rui Cunha, one of the longest-serving advisors to casino mogul Stanley Ho Hung Sun, will not seek re-election at its upcoming annual general meeting as one of the company’s executive directors.
26 Apr, 2017