10, Sep, 2013

Thhe Hong Kong Jockey Club generated a record HK$1.032 billion ($133.1 million) in bets on the first day of its new racing season, up 11.1 percent from last year's HK$929 million debut and beating its previous first-day high of HK$966 million in 1996. Chief executive Winfried Engelbrecht-Bresges attendance reached 66,257.

07, Sep, 2013

Japan's SBI Holdings Inc. has exercised its option to require Success Universe Group Ltd. to buy back the indirect stake SBI bought in the Ponte 16 casino hotel in Macau in 2008 for HK$130 million ($16.8 million).

06, Sep, 2013

The budget for SJM Holdings Ltd.'s planned Cotai casino resort has risen to HK$25 billion ($3.2 billion) from HK$20 billion, executives indicated as they announced details of the Palazzo Versace hotel tower that will be included.

05, Sep, 2013

David Sisk has resigned as chief operating officer of Sands China Ltd., the company said without citing a reason. Andrew Billany, senior vice

president for premium services and the Plaza Casino, moved to SJM Holdings Ltd. in July as senior vice president for Cotai operations. The Wall Street Journal reported that Hugh Fraser has also resigned as vice president of casino operations to become general manager of gambling operations at The Star in Sydney.

05, Sep, 2013

Winfried Engelbrecht-Bresges, chief executive of the Hong Kong Jockey Club, predicted betting turnover will rise 2 percent to 3 percent in the

 

new season starting this weekend due to economic uncertainty in Hong Kong and China.

05, Sep, 2013

Success Universe Group Ltd. reported higher profits from both its Ponte 16 casino hotel in Macau and its Hong Kong-based M.V. Macau

 

Success casino cruise ship for the first half of 2013. Earnings before interest, tax, depreciation and amortization for Ponte 16 rose 25.7 percent to HK$179.4 million ($23.1 million) on higher mass market revenues. Profits for the Macau Success nearly doubled to HK$2.1 million from HK$1.1 million as revenues rose 9.4 percent to HK$42 million.

05, Sep, 2013

China Vanguard Group Ltd. said the Shanghai Welfare Lottery Issuing Center had agreed to authorized its Shenzhen Sheng-Gang Technology

 

Co. subsidiary to sell lottery tickets via SMS and interactive voice response systems in exchange for an undisclosed share of revenue. The Hong Kong-listed company said Sheng-Gang will have a one-year exclusive over new distribution channels it develops.

05, Sep, 2013

Profits from Vodone Ltd.'s Chinese lottery operations more than tripled to HK$11.9 million ($1.5 million) in the first half of 2013 from HK$3.7 million a year earlier. 

Segment revenues for the Hong Kong-listed company similarly rose to HK$47.5 million from HK$17.6 million.

05, Sep, 2013

Gaming profits for Paradise Entertainment Ltd. fell 23.4 percent in the first half of 2013 to HK$63.4 million ($8.2 million) despite a 27.3 percent

rise in segment revenues to HK$405.1 million. The company, which supplies gambling machines through its LT Game unit and operates the Casino Kam Pek Paradise, did not explain the divergence in announcing its results.

05, Sep, 2013

Macau gambling revenues rose 17.6 percent in August from a year before to 30.74 billion patacas ($3.92 billion), the second highest total ever,

according to figures from the Gaming Inspection and Coordination Bureau. The total was in line with analysts' estimates. Revenues for the year to date reached 231.7 billion patacas, up 16.2 percent from 2012. The current monthly record is the 31.34 billion patacas in turnover generated in March.

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