Macau

Macau’s junket-proposed debtor database system could be established as early as this month, according to Kwok Chi Chung in an interview.

Macau’s gaming sector raked in a total of MOP 19.8 billion (US$2.5 billion) in December, a 8 percent year-on-year increase, according to data from the Gaming Inspection and Coordination Bureau.

Macau raked in a total of MOP 72.8 billion (US$9.1 billion) in gaming taxes in the period from January to November 2016, according to data from the Financial Services Bureau.

Gambling revenue in Macau is poised to rise 7 percent in 2017 led by mass market players, according to analysts surveyed by Bloomberg.

Neptune Group Ltd. has posted an audited net loss of HK$466.7 million (US$60.1 million) for the fiscal year ended June 30, according to the company’s filing to the Hong Kong Stock Exchange.

Sega Sammy Creation Inc. has announced the installation of their electronic gaming machine “Exciting Baccarat” at Galaxy Macau.

Gross gaming revenue for the month of December is expected to be between MOP 19.6-20 billion, a 7-9 percent year-on-year increase, according to the latest note from Bernstein.

Iao Kun Holding said one of its promoters has been summoned by the Macau Special Administrative Region Court to respond to a request for bankruptcy filed by Galaxy Casino Company.

Sang Heng Gaming Promotion Co. is required to respond to the summons within 30 days of the final publication of the notice, Iao Kun said in a filing with the Hong Kong Stock Exchange.

Macau’s gross gambling revenue is likely to grow by 10 percent in 2017, according to analysts at Morgan Stanley, who raised their forecast from a prior estimate of 2 percent.

To coin a popular phrase, 2016 really has been a year of two halves in the Asian gaming industry. To continue with the cliches, it’s also fair to say there have been a few curved balls along the route.

To coin a popular phrase, 2016 really has been a year of two halves in the Asian gaming industry. To continue with the cliches, it’s also fair to say there have been a few curved balls along the route. Industry experts gave us their views of the year just passed, with the good, the bad and the ugly.



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