Sands gaming results

Las Vegas Sands posts 62 percent jump in 2Q profit on Macau and Singapore

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’ profit falls short despite rebound in Macau

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

VIP room

Police bust bogus VIP room, nab 19 suspects

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

Macau Jockey Club

Jockey Club reports 4 billion patacas in accumulated losses

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

Gaming Crime

Casino revenue drop pushes up gaming crime

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

gaming sub-concessions

No decision yet whether to keep sub-concession system

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

June gaming revenue

Gross gaming receipts in June rose 25.9 percent

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

EIU forecasts average growth of 7.8% for Macau in 2017/2018

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

Enhanced casino security ‘urgent’: gaming regulator

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 China

Crown employees charged with promotion of gambling in China

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

May gaming revenue in Macau

Gaming revenue increases 23.7 percent to MOP 22.74 billion in May

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

Legislative Assembly Election Law

Government urges gaming operators to remain election-neutral

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

Macau's gaming concessions

Gaming concessions must rebid said Lionel Leong

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

Macau loan sharks

Police arrest 11 loan sharks from the mainland

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 gaming revenue

SJM says gaming revenue may see double-digit growth

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

Macau's gaming results first quarter 2017

Galaxy and Melco revenue rises, SJM dips on the first quarter

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 of Macau’s casinos totals US$ 2.52 billion in April

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 Macau net revenues

Sands China Ltd. net revenue increases by 15.3 percent in 2017 1Q

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

Rui Cunha SJM

SJM says Rui Cunha to exit board

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

Macau gaming revenue expected to grow 12% in 2017

Fitch Ratings projects 12% gaming revenue growth in Macau for 2017 with equal contributions from the mass market and VIP segments.

20 Apr, 2017