Macau

Casino operator Sands China has confirmed the resignation of its chief financial officer Stephen Law Cheuk-kin, after only four months into the role.

SJM Holdings chairman Dr, Ambrose So says Macau’s gaming market is in need of a “wake up-call.”

Macau’s casino industry raked in MOP 19.3 billion (US$2.4 billion) in gross gaming revenue in January, according to the latest figures released by the Gaming Inspection and Coordination Bureau.

Visitors on package tours to Macau decreased around 2.6 percent year-on-year to 706,000 in December, according to the latest data from the Statistics and Census Bureau (DSEC).

Wynn Resorts has reported a 30.5 percent year-on-year rise in net income for the fourth quarter of 2016, attributed to strong revenue from Wynn Palace, and offset by decreased earnings from Wynn Macau.

Sands China Ltd. has announced it will be paying a discretionary bonus and increasing the salaries of all eligible employees by an average of 2 to 6 percent, according to a company press release.

Two new responsible gaming kiosks, version 3.0, have been introduced to the casino floors of Galaxy Macau and Wynn Palace, local media reports.

The application for SJM Holdings to run a casino inside Legend Palace Hotel at Fisherman’s Wharf is currently being reviewed, revealed DICJ chief Paulo Martins Chan on Wednesday.

The launch of Macau’s junket-proposed debtor database system is likely to be delayed as it awaits approval from relevant authorities in Macau, local media reports.

Las Vegas Sands posted a 5.6 percent year-on-year increase in net income for the fourth quarter of 2016 to $607 million.

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