The 13’s prime mover quits

Stephen Hung, hitherto the high-profile prime mover behind the troubled The 13 hotel in Coloane has resigned as joint chairman and executive director of The 13 Holdings Limited, according to a statement by the company to the Hong Kong Stock Exchange last week.

29 Jan, 2018

MGM Cotai delays opening to February

The MGM Cotai is expected to be opened to the public within February.

25 Jan, 2018

Sands China 4Q net profit up 49.1% to US$519 million

Sands China said today net income in the fourth quarter of 2017 rose 49.1% year-on-year to US$519 million as the recovery in the Macau market accelerated.

25 Jan, 2018

The 13 opening delayed again

The opening date of The 13 hotel in Coloane has once again be delayed, this time from March 31 to April 30 "or before", The 13 Holdings said in a statement to the Hong Kong Stock Exchange Wednesday.

25 Jan, 2018

Govt approves 125 gaming tables for MGM Cotai

Secretary for Economy and Finance Lionel Leong Vai Tac said Wednesday that the Gaming Inspection and Coordination Bureau (DICJ) has granted MGM Cotai 125 gaming tables.

25 Jan, 2018

Wynn Plans New Investment in Macau as Earnings Top Estimates

Wynn Resorts Ltd. plans to expand its newest property on Macau’s Cotai Strip after the project helped the company report better-than-expected earnings last quarter.

23 Jan, 2018

‘Broken Tooth’ arrester dies in Portugal

The local Portuguese police chief Antonio Francisco Marques Baptista who went down in history for arresting high-profile triad kingpin “Broken Tooth” Wan Kuok Koi in the evening of May 1, 1998 dies in Portugal.

22 Jan, 2018

Macau police hunt for HK$48 million in gambling chips after casino robbery

Macau police authorities are tracking down almost HK$48 million worth of cash chips stolen from Wynn casino earlier this week, following the arrest of a debt-ridden croupier and his elderly relative in connection with the crime.

19 Jan, 2018

Police probe HK$ 47 million chip theft by dealer

The Judiciary Police (PJ) confirmed Wednesday that they are investigating a case in which a dealer working in a casino in Nape allegedly stole chips worth over HK$47 million.

18 Jan, 2018

Lawmakers submit draft resolution to counter suspended peer’s court appeal

Indirectly-elected lawmakers Kou Hoi In and Vong Hin Fai yesterday called for an urgent plenary session to debate and vote on a draft resolution on whether the suspension of a lawmaker by his or her peers is a “political act”, according to the website of the Legislative Assembly (AL).

12 Jan, 2018

Casino staff petition govt over Wynn ‘tolerating’ illegal smoking

Several Wynn Macau casino workers, accompanied by lawmakers-cum-unionists Ella Lei Cheng I and Leong Sun Iok as well as members of the Macau Gaming Enterprises Staff Association (MGESA), Thursday petitioned Chief Executive Chui Sai On, urging the government to ensure that gaming operators always strictly obey the anti-smoking law and, consequently, always ensure that gamblers do not smoke in no-smoking areas on their premises.

12 Jan, 2018

Angela Leong says she can take all greyhounds

SJM Managing Director and Chief Administrative Officer Angela Leong said Tuesday that if any of the owners of greyhounds at the local racetrack didn’t want their dogs when it closes for good in July, she could take all of them.

3 Jan, 2018

Macau gaming revenue grew to US$ 33 billion in 2017

Macau’s casino gaming revenue in 2017 grew by 19.1 percent to MOP265.74 billion (US$33.02 billion), according to the Gaming Inspection and Coordination Bureau ( DICJ).

1 Jan, 2018

HSBC says 2017 Macau revenues could reach 35.8 billion dollars

Macau’s gross gaming revenue (GGR) in December could reach MOP23.5 billion (US$2.93 billion), rounding out the year for a take of about MOP286.5 billion(US$35.8 billion), according to a report by Hong Kong Shanghai Banking Corporation (HSBC).

20 Dec, 2017

Gross gaming receipts rose 22.6 percent in November

Macau’s casino revenue in November grew at the fastest pace in four months, according to data released by the Gaming Inspection and Coordination Bureau (DICJ) on Friday.

4 Dec, 2017

Premature’ revealing of gaming concession bidding process would have ‘adverse impact’: Leong

Secretary for Economy and Finance Lionel Leong Vai Tac said in the legislature’s hemicycle Thursday that if the government revealed “prematurely” the details of its upcoming gaming concession bidding process in the run-up to the expiration of the city’s three gaming concessions and three sub-concessions, it would “adversely impact” the “healthy” development of Macau’s gaming industry in the future.

24 Nov, 2017

The 13 delay

THE 13 Hotel delays opening to March 2018

The company “will have sufficient working capital to finance its operations and to meet its financial obligations for at least the next 12 months from the date of the approval of these condensed consolidated financial statements”.

23 Nov, 2017

Venetian Macau logs 280 million visits in 10 years

The Venetian in Cotai has recorded 280 million visitations since the integrated resort opened in Cotai 10 years ago, Sands China President-cum-Chief Operating Officer Wilfred Wong Ying-wai said on Monday.

21 Nov, 2017

Galaxy casino operator third quarter revenue up 23%

Galaxy Entertainment Group reported its unaudited financial results for the three-month-period ending September 30 on Thursday.

10 Nov, 2017

MGM China in Macau revenue grows 5% in Q3

MGM China revenue grows 5% in Q3

MGM China said in a statement on Wednesday that its total revenue rose 5 percent to HK$3.68 billion in the third quarter from the previous quarter.

9 Nov, 2017