Macau

Hong Kong-listed Success Dragon International Holdings recorded narrowed losses for the year ended March 31, 2017, totalling HK$156.2 million compared to a loss of HK$231.5 million in FY16.

Hong Kong-listed investment company Kingston Financial Group Ltd. has posted a 13 percent decline in profit for the year ended March 31, 2017.

Hong Kong-listed Paradise Entertainment Ltd. has entered into a letter of intent for the proposed acquisition of two wholly-owned subsidiaries of China Star Entertainment Ltd.

The 13 Holdings Ltd has entered into a sale and purchase agreement for approximately 51.6 percent interest in the company, for a total of HK$300 million (US$38.4 million).

Macau casino investor Amax International Holdings Ltd. recorded a net loss of HK$988.5 million (US$126.7 million) for the fiscal year ended March 31, 2017.

Melco Resorts Finance Ltd., a subsidiary of Melco Resorts & Entertainment is seeking to conduct an international offering of 4.875 percent senior notes due in 2025.

Gross gaming revenue in Macau in the last week was down slightly week-on-week, bringing month-to-date GGR to MOP 17.85 billion, and ADR of MOP 714 million, said Bernstein analysts in a Monday note.

While VIP will continue to show strength in the next few months, in the longer run the high-roller segment will face structural headwinds from a tightening regulatory environment and a continued focus on capital outflows in China, said Bernstein in a Monday note.

SUZOHAPP is pleased to announce the appointment of Allen Ko as Vice President OEM – Cash Handling for the Asia Pacific region.

Visitor arrivals in Macau rose slightly in the month of May to a total of 2.6 million, along with a healthy rise in overnight visitors, according to the latest data from the Statistics and Census Service (DSEC).

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