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01, Feb, 2013

 

Sands China has not yet indicated where its 200 new tables will be allocated.  The head of the Gaming Inspection and Coordination Bureau, Manuel Joaquim das Neves, was quoted by Portuguese-language newspaper Ponto Final as saying: “The operator has to inform us where it is going to put the tables and when the tables will open. Afterwards, we will conduct an inspection.”  The company’s chief executive Edward Tracy said that some of the new tables would be made available in time for the Lunar New Year holiday, which starts on February 10.

01, Feb, 2013

 

Las Vegas Sands Corp (LVS) is revamping its compliance procedures as it faces scrutiny from US regulators over anti-money laundering and bribery.  LVS announced that it is no longer making international money transfers for its high-end casino customers and is also planning to improve the background checks it does on VIP customers, as well retraining its staff on U.S. anti-bribery laws.

01, Feb, 2013

 

In an interview with CNBC, the president and chief operating officer of Las Vegas Sands Corp, Michael Leven, said that he is bullish on the city’s gaming industry outlook and thinks that Macau could eventually hit gross gaming revenue of USD $100 billion per year.  Mr Leven was quoted as saying, “It will continue to grow, because as income grows in the mainland, it’s going to continue to feed people into Macau. There’s no risk that they won’t have considerable growth.”

01, Feb, 2013

 

Hong Kong-listed Sands China Ltd declared on Friday an interim dividend of HK$0.67 (USD$ 8.6) per share, payable on or about February 28. In January last year, the Macau-based gaming operator announced an interim dividend of HK$0.58 ($7.5) per share, its first ever. Three months later, Sands China’s board of directors recommended the payment of a final dividend of HK$0.58 per share for 2011.

01, Feb, 2013

 

According to the mayor of Zhuhai, He Ningka, the new Gongbei expansion will be in use in the next few months.  The expansion will almost double the Gongbei checkpoint’s capacity from around 260,000 travellers a day to be able to process up to 500,000 crossings.  Its counterpart in Macau, The Barrier Gate, through which travellers must pass before or after Gongbei, can already handle up to 500,000 people per day. 

01, Feb, 2013

 

The Guangzhou-Zhuhai Intercity Railway is adding an express train service before the Lunar New Year holiday in early February, hopefully bringing Incremental visitation to Macau.  The new service will make only five stops, cutting up to 22 minutes from the 82-minute journey made by the regular service.

18, Jan, 2013

The Hong Kong Jockey Club expects 20 percent of its customers to be betting using smartphones and mobile devices by the end of the year. Catering to potential young crowds of customers, the HKJC vision is to make betting like an internet game. 

18, Jan, 2013

Lui Che Woo, Chairman of Galaxy Entertainment Group (0027:HK), was named Hong Kong's 5th richest man by Forbes magazine. Lui's net worth more than doubled from $4.6 billion to $9.5 billion as gambling revenue continued to soar in Macau. GEG's share price grew at double digit pace.

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