Gaming

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

Macau Wechat gambling

Police arrest Chinese group involved in illegal WeChat betting scheme

The Judiciary Police arrested seven mainlanders for their alleged involvement in an illegal WeChat gambling operation last week.

18 Apr, 2017

SJM

SJM signs HKD 25 billion loan facilities agreement

Sociedade de Jogos de Macau (SJM) announced the signing on Thursday of a HKD 25 billion syndicated loan facilities agreement with 19 leading financial instructions.

7 Apr, 2017

The 13 Macau

No gaming tables request from The 13

Gaming Inspection and Coordination Bureau (DICJ) Director Paulo Martins Chan said on Thursday that his bureau has not received an application for gaming tables from The 13.

7 Apr, 2017

Macau gross gaming revenue in March

Gaming revenue grows 18.1 percent in March

Macau's gross gaming revenue in March grew 18.1 percent to MOP 21.2 billion (US$2.7 billion), according to the latest figures from the Gaming Inspection and Coordination Bureau.

3 Apr, 2017

non-gaming income in macau

Non-gaming income set to rise in Macau

Representatives of Macau’s six gaming operators said on Wednesday they believed the share of income from their non-gaming businesses in their total revenue will continue to rise.

23 Mar, 2017

gaming employees

Full-time employees in gaming industry down 0.8 percent

The gaming industry’s number of full-time employees dipped by 0.8 percent year on year to 55,794 at the end of last year. The number of dealers (croupiers) dropped by 2.4 percent to 24,039, the Statistics and Census Bureau (DSEC) said in a statement on Tuesday. Gaming industry staff accounted for about 14 percent of the … Continue reading "Full-time employees in gaming industry down 0.8 percent"

8 Mar, 2017

Macau gaming revenue

Macau’s February gaming revenue up almost 18 percent

Gaming revenue in Macau surged 17.8 percent in February, after a three year drop, according to Macau's Gaming Inspection and Coordination Bureau.

2 Mar, 2017

Macau gaming revenue

Galaxy and SJM report 2016 results

Galaxy Entertainment Group (GEG) and SJM Holdings reported on Tuesday their 2016 results. According to a GEG statement to the Hong Kong Stock Exchange, the company recorded a full-year net profit attributable to shareholders (NPAS) of HK$6.3 billion.

1 Mar, 2017

Legend Palace Hotel

Legend Palace Hotel opened doors on Monday

The Legend Palace Hotel, the latest addition to the portfolio of Macau Legend Development Limited (MLD), opened on Monday with 66 gaming tables.

28 Feb, 2017

Macau Gaming taxes

Macau made MOP 7.3 billion from gaming taxes in January

According to data from the Financial Services Bureau (DSF), Macau made MOP 7.3 billion (US$907.3 million) from gaming taxes in January. The amount represents an increase of 7.7 percent year-on-year, compared to the same month in 2016.

27 Feb, 2017

Macau smoking lounges

Smoking lounges in casinos not against WHO

Setting up smoking lounges in casinos is not contrary to the World Health Organisation's (WHO) suggestion of building a smoke-free environment, Secretary for Social Affairs and Culture Alexis Tam Chon Weng said on Monday.

21 Feb, 2017

The 13 Macau

US firm buys big stake in The 13 Holdings

Ahead of the opening of its The 13 luxury hotel in Coloane slated for later this quarter, Hong Kong-listed property developer The 13 Holdings has announced that American investment firm Evolution Capital Management has acquired a major stake in its business.

20 Feb, 2017

MGM

MGM reports revenue of HKD14.9 billion for 2016

Gaming operator MGM China reported a total revenue of HKD14.9 billion for the 2016 financial year. In the year under review, MGM China recorded an EBITDA of HKD4.5 billion, a slight dip from HKD4.7 billion in 2015.

17 Feb, 2017

Melco Crown

Melco Crown revenue up 13 percent in 2016 Q4

Melco Crown Entertainment Ltd. reported its unaudited financial results for the fourth quarter and for the full year ending December 31, 2016. The results showed that net revenue during the fourth quarter of last year grew about 13 percent year-on-year from USD1,058 million to almost USD1,193.

17 Feb, 2017

Gaming

Gaming revenue grows 3.1 per cent in January

Gross gaming receipts rose 3.1 per cent to MOP19.3 billion (USD2.4 billion), according to data released by Macau’s Gaming Inspection and Coordination Bureau on Wednesday.

2 Feb, 2017

Wynn Resorts

Wynn Resorts net income rises 30.5% in 2016 4Q

Wynn Resorts has reported a 30.5 per cent year-on-year rise in net income for the fourth quarter of 2016, attributed to strong revenue from Wynn Palace, and offset by decreased earnings from Wynn Macau.

27 Jan, 2017

Sands China Ltd.

Sands China Ltd. Adjusted EBITDA increased 5% in 2016 4Q

Adjusted EBITDA for Sands China Ltd. (SCL) was US$610 million, an increase of 5 per cent against prior year's fourth quarter, SCL announced today on the Hong Kong Stock Exchange.

26 Jan, 2017