23, Mar, 2017

Wynn Macau will raise the wages of non-management staff by between 3 percent and 6.5 percent, the company said.

22, Mar, 2017

Gaming suppliers, facing the challenge of changing audience demographics and new technology, need to move to “bigger and brighter” machines to lure clients into casinos, industry experts say.

22, Mar, 2017

Melco Crown Entertainment has followed Macau rivals in announcing a pay rise for non-management employees, as analysts warn cost pressures in the territory are on the rise again.

20, Mar, 2017

Macau’s casino operators are likely to facing increasing margin pressure in 2017 as overall costs rise and promotional pressures gain with the uptick in VIP gaming, Morgan Stanley wrote in a note.

20, Mar, 2017

Beijing’s effort to tighten capital controls has resulted in a 74 percent drop in Chinese outbound investment in the first quarter of this year and is likely to create serious problems for foreign businesses, risk consultancy Steve Vickers & Associates said.

20, Mar, 2017

Authorities suspect foul play in a fire that broke out at the construction site of SJM Holding’s new casino on Cotai, the Grand Lisboa Palace, local media reports.

20, Mar, 2017

Sands China said its board has recommended a final dividend of HK$1.00 ($0.13) per share for 2016, unchanged from the prior year.

20, Mar, 2017

Chinese Premier Li Keqiang praised Macau’s efforts to diversify its economy during a three-day visit last year, but market experts say operators are still trying to get the recipe right when it comes to non-gaming attractions and face an uphill struggle.

20, Mar, 2017

Bernstein has revised its GGR estimates for the first quarter of 2017, forecasting 10 percent growth, led by 12.5 percent growth in VIP and 9 percent growth in mass.

19, Mar, 2017

New regulations requiring visitors to disclose cash holdings of more than MOP120,000 (US$15,000) at entry to Macau are set to be enforced starting November 1, 2017.

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