SJM Executive Director and Chief Administrative Officer Angela Leong On Kei said on Monday that about 30 gaming tables would be enough for the company’s Casino Jai Alai that is set to reopen by the end of the year. Leong made the comments while speaking to reporters on the sidelines of a business matching session … Continue reading "30 gaming tables ‘enough’ for Jai Alai Macau says Angela Leong"
20 Sep, 2016
U.S. casino mogul Sheldon Adelson will open his fifth resort in Macau today, as signs emerge of a turnaround in the territory’s fortunes after two years of falling revenues cast doubt on the wisdom of new developments. Sands China, a subsidiary of Adelson’s Las Vegas Sands, will open the doors of the US$2.7 billion (MOP21.6 … Continue reading "US$2.7 billion Parisian resort opens as Macau recovery beckons"
13 Sep, 2016
Local gaming operators have applied for 73 more smoking lounges in 21 casinos, the Health Bureau (SSM) says in a written reply to an interpellation about the matter by lawmaker-cum-unionist Ella Lei Cheng. The bureau’s response was made public on Wednesday. According to the bureau, the current number of casino smoking lounges stands at 86. … Continue reading "Macau casinos want 73 more smoking lounges"
8 Sep, 2016
The government has authorised The Parisian to install 150 gaming tables until over three phases until 2018, Secretary for Economy and Finance Lionel Leong Vai Tac said on Saturday. Leong, whose portfolio oversees the gaming industry, made the remarks on the sidelines of a public function, responding to reporters’ questions. According to Leong, Sands’ The … Continue reading "Macau government grants The Parisian 150 tables"
5 Sep, 2016
Macau’s gaming revenue registered a rise of 1.1 per cent year-on-year in August, reversing the 26-month slump of the industry. Macau’s gaming sector collected about 18.8 billion patacas (about US$ 2.4 billion) in August, up 1.1 per cent from the previous year, according to the data released by the special administrative region’s Gaming Inspection and … Continue reading "Macau’s gaming industry reverses slump in August"
2 Sep, 2016
Wynn Palace opened Monday night, drawing big crowds to Cotai to try their luck in the new casino, while Wynn Resorts Chairman & CEO Steve Wynn told a ballroom full of guests that the new US$4 billion resort that took six and a half years to build was a “gift” to the community. “It’s our … Continue reading "Macau’s Wynn Palace officially opened"
23 Aug, 2016
Macau’s vitally important gaming sector had 55,708 full-time employees at the end of the second quarter, down by 3.0 per cent year-on-year, the Statistics and Census Bureau (DSEC) announced on Monday. According to a DSEC statement, the number of dealers (croupiers) fell by 3.1 per cent to 24,285. Shift-working staff accounted for 92.7 per cent … Continue reading "Macau’s gaming sector jobs fall 3 per cent in Q2"
23 Aug, 2016
Visitors’ per-capita non-gaming spending fell by 4 per cent year-on-year and 3.4 per cent quarter-to-quarter to 1,601 patacas in the second quarter, the Statistics and Census Bureau (DSEC) has announced. According to a DSEC statement, visitors’ total non-gaming spending in the second quarter amounted to 11.7 billion patacas, down by 4.5 per cent year-on-year but … Continue reading "Macau visitors spend less in Q2 on non-gaming"
22 Aug, 2016
Wynn Resorts Chairman & CEO Steve Wynn said on Wednesday that his US$4.2 billion Wynn Palace would cater for everybody, but suggested that those looking for theme parks visit Hengqin Island. Wynn made the comments during a press conference at Wynn Palace in Cotai which officially opens on Monday night. “Our strategy of the hotel … Continue reading "Wynn bets on ‘luxury for all’ at Macau Wynn Palace"
18 Aug, 2016
MGM Resorts International has acquired more shares in its Macau unit in a deal valued at about US$325 million with Pansy Ho Chiu King, who will add to her stake in the Las Vegas-based parent company. According to a statement by MGM China Holdings to the Hong Kong Stock Exchange on Tuesday, MGM Resorts International … Continue reading "MGM lifts Macau stake in US$325 million deal with Pansy Ho"
17 Aug, 2016
Wynn Macau announced on Monday that it has got permission from the Gaming Inspection and Co-ordination Bureau (DICJ) to transfer 250 gaming tables from its casino-hotel complex in Nape to Wynn Palace in Cotai. The US gaming company headed by Steve Wynn made the announcement in a statement to the Hong Kong Stock Exchange. According … Continue reading "Wynn Macau to move 250 gaming tables from Nape to Cotai"
16 Aug, 2016
SJM Chairman Ambrose So Shu Fai said that the construction of Grand Lisboa Palace in Cotai was expected to be completed by the end of next year, ready for its official opening in 2018. So made the remarks while speaking to reporters on the sidelines of attending the gaming company’s annual scholarship awards event, which … Continue reading "So says Grand Lisboa Palace to open in 2018 in Macau"
11 Aug, 2016
SJM said in a statement yesterday that it’s gaming revenue decreased by 20.7 per cent to HK$20.88 billion. Total revenue dropped by 20.6 per cent to HK$21.13 billion. Adjusted EBITDA fell by 27.8 per cent to HK$1.63 billion. Profit attributable to the owners of the company decreased by 38.7 per cent to HK$1.09 billion. The company’s … Continue reading "Sociedade de Jogos de Macau casino revenue falls 20.7 per cent"
9 Aug, 2016
Macau’s gross gaming revenue in July recorded a monthly decline of 4.5 per cent, amounting to MOP17.8 billion (US$2.2 billion), according to data released from the Gaming Inspection and Coordination Bureau (DICJ), the city’s gaming regulator. July’s gross gaming revenue fell less than the estimated percentage of 5.5 per cent, as the summer holidays brought more tourists … Continue reading "Macau casino gambling revenue shrinks 4.5 per cent in July"
1 Aug, 2016
Sands China President Wilfred Wong Ying Wai said Tuesday he hopes the government will give the company more gaming tables for The Parisian resort considering how much it has invested in the non-gaming elements there. Wong made the comments while speaking to reporters after announcing at the half-scale replica of the Eiffel Tower in Cotai that The … Continue reading "Sands hopes to get more gaming tables for Parisian in Macau"
27 Jul, 2016
Macao’s gaming revenue in the second half of 2016 will drop from last year’s level at a slower pace, the special administrative region’s financial authorities said on Saturday. A report issued by Macau’s Office of the Secretary for Economy and Finance said the income of the Special Administrative Region (SAR) gaming industry in June reached … Continue reading "Macau’s gaming revenue to drop at slower pace in 2016 H2"
4 Jul, 2016
The construction of MGM China’s casino-hotel resort in Cotai is going smoothly, Pansy Ho Chiu King, co-chairperson and executive director of the gaming company, said, adding she believed it will open in the first quarter of next year. The US-based brokerage Sanford C. Bernstein said last week there was a possibility that the opening of … Continue reading "Pansy Ho says MGM Cotai, Macau, project going smoothly"
29 Jun, 2016
Wynn Macau will open its new integrated resort, Wynn Palace, in Cotai on August 22, the US gaming company said in a statement on Monday. The USD 4 billion (32 billion patacas) property features 1,706 rooms, restaurants, cable car rides around the resort, a water fountain show and a luxury shopping centre, as well as … Continue reading "Wynn Palace to open in Cotai, Macau on Aug 22"
28 Jun, 2016
Macau’s gross gaming receipts fell 9.6 per cent to 18.4 billion patacas (US$2.3 billion), completing a two-year decline, according to data from Macau’s Gaming Inspection and Coordination Bureau released Wednesday. That followed a 9.5 per cent decrease in April and compares with the median estimate of an 8 per cent drop. Macau has been struggling for two … Continue reading "Macau’s casinos revenue fell 9.6 per cent in May"
2 Jun, 2016
Gaming staff have accused the government of leaving them out of the drafting of Macau’s mid-term gaming review. They also call on casino operators to take on more social responsibilities such as providing vocational training and promotion opportunities. Macau’s mid-term gaming review was finally released earlier this month. The long-waited report analyses the strengths and … Continue reading "Casino staff want their opinions heard over mid-term review"
26 May, 2016