A casino pit manager and three junket workers have been detained for using a pack of apparently tampered-with cards in a baccarat game and managed to cheat a VIP room out of HK$24 million in just 30 minutes of gambling. The Judiciary Police (PJ) held a special press conference on Monday during which PJ spokesman […]
VIP
Macau’s casino revenue fell for the 17th straight month, as increased visits over China’s National Day holiday week failed to boost traffic at betting tables in the world’s largest gambling hub. Gross gaming revenue fell 28.4 percent year on year to MOP20.1 billion (USD2.5 billion) in October, according to data released by Macau’s Gaming Inspection […]
MGM China announced on Thursday in a statement to the Hong Kong Stock Exchange that its net revenue fell 33 percent year-on-year to US$529 million in the third quarter. Main floor table games revenue dropped 30 percent year-on-year. VIP table games revenue decreased 39 percent year-on-year due to a decrease in VIP table games turnover […]
The drop in gaming revenues in the last 18 months has brought changes to local casinos’ high-roller market, Melco Crown Entertainment (MCE) Co-chairman and CEO Lawrence Ho Yau Lung said on Tuesday, adding that the shift from the high-rolling VIP to the mass market was “likely to be a permanent one.” “There has been a […]
The Fitch Ratings agency downgraded its annual growth forecast for Macau’s casino sector from 10% to 4% for this year due to a weakening in the VIP segment according to a statement on its website on Friday. Whilst the agency still expects to see strong growth in the mass market and slot machines, up 15 […]