30, Aug, 2014

Hong Kong-listed Imperial Pacific International Holdings said its first-half loss ballooned on startup costs from its casino business on Saipan island and on falling prices and higher costs for its foods business in China.
The loss attributable to owners of the company was about $19.6 million ($2.5 million) compared with $1.89 million in the same period a year ago. The basic loss per share was $0.25 compared with $0.02. The company had warned earlier this month that it expected its loss to widen.

30, Aug, 2014

Paradise Entertainment reported that its first-half profit gained 11.2 percent, helped by growth in revenue from casino services and said it’s eyeing expansion in the U.S.
The Hong Kong-listed company had profit of $50.5 million ($6.5 million), up from $45.4 million in the year-ago period. Revenue jumped 51 percent to $610.4 million.
The company said it recognized revenue from the Waldo Casino during the first half, while revenue from the Casino Kam Pek Paradise jumped by 20.6 percent.

29, Aug, 2014

Hong Kong listed Melco International Development Ltd reported an increase of 57.3 percent for the first half of 2014 of HK$907.6 million ($117.11 million), compared with HK$576.9 million in the same year ago period. Its core gaming and Macau business units, operated under the Melco Crown joint venture, saw net revenue grow 4.8 percent to US$2,556.9 million while Adjusted EBITDA increased by 8.6 percent to $701.1 million in H114. Basic earnings per share were HK$58.9 cents, compared with HK$37.6 cents in H113.

29, Aug, 2014

China Star Entertainment said its first-half profit surged 86 percent as impairment losses and share-based payment expenses posted in the year-ago period weren’t repeated and loan interest income rose.
Profit attributable to owners of the company was HK$114.8 million ($14.8 million) up from HK$62 million for the year ago period. Earlier this month the company said it expected to post a gain in interim profit of between 85 and 95 percent.
However, overall turnover at the group declined during the first half, dropping 5 percent to

29, Aug, 2014

Shares in Iao Kun Group Holding tumbled 6 percent in Nasdaq trading after the VIP gaming room promoter posted weaker-than-expected Q2 results, with both revenue and earnings missing analysts’ expectations.
IKGH posted a Q2 net loss of $7.5 million, or $0.12 per diluted share, compared to net income of $9.1 million, or $0.20 per diluted share in Q2 2013. Analysts were expecting EPS of $0.04 per share, according to Capital IQ.

29, Aug, 2014

China Star Entertainment said its first-half profit surged 86 percent as impairment losses and share-based payment expenses posted in the year-ago period weren’t repeated and loan interest income rose.

29, Aug, 2014

Shares in Iao Kun Group Holding tumbled 6 percent in Nasdaq trading after the VIP gaming room promoter posted weaker-than-expected Q2 results, with both revenue and earnings missing analysts’ expectations.

28, Aug, 2014

Macau Chief Executive Chui Sai On said he will focus on the revision of the imported foreign labor law should he be elected for a second term, according to local media.
Entering the last four days of campaigning before Sunday’s Electoral College decision on who will lead the gambling hub, Chui said he believed that foreign workers are necessary for economic development, but warned that Macau’s stellar upward growth trajectory can’t last forever.

28, Aug, 2014

China lottery sales jumped 52.7 percent in July to RMB37.2 billion ($6.05 billion) fuelled by a gain in the mainland’s Sports Lottery sales, helped by World Cup fever.
Sports Lottery sales almost doubled, gaining 93 percent to RMB19.8 billion, according to figures from the Ministry of Finance.
Welfare lottery sales increased by 23.5 percent in July from the same period a year ago to RM17.4 billion.

28, Aug, 2014

Croupiers at SJM Holdings Grand Lisboa complex may take industrial action to demand better pay and conditions from Saturday, local media reports, citing the trade union Forefront of Macau Gaming.
The union expects about 1,000 croupiers to take part in the action, which will take the form of a refusal to open chip floats, effectively preventing play.

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