Macau

Casino operator MGM China Holdings Ltd. has announced a salary increase for its non-management staff, which will come into effect on March 20.

SunCity Group chief executive Alvin Chau Cheok Wa says it is possible that the company may inject its junket business into the Sun Century Group Ltd, Apple Daily reports.

Macau junket investor Iao Kun Group Holding Company Ltd. on Thursday announced the resignation of its chairman Lam Man Pou and chief executive officer Vong Hon Kun.

Jimei International Entertainment Group Ltd. on Monday announced the resignation of its executive director, Ng Kuen Hon, effective February 28, 2017.

Company EBITDA is the single most important driver for industry as well as stock outperformance, notes Morgan Stanley in a report on Thursday.

Gross gaming revenue for the month of February reached MOP 23 billion, with 17.8 percent year-on-year growth, according to the latest figures from the Gaming Inspection and Coordination Bureau (DICJ). The results were higher than market expectations, with analysts previously forecasting between 5 - 11 percent growth for the month.

Macau’s recovery is ‘definitely’ mass-led, with mass GGR growth outpacing VIP GGR growth in 16Q4, according to Union Gaming in a note on Wednesday.

Casino operator SJM Holdings saw narrowed profits in 2016, down 5.6 percent year-on-year to HK$2.3 billion, according to the company’s filing to the Hong Kong Stock Exchange.

HK-listed Galaxy Entertainment Group posted better-than-expected results for the full-year 2016, with full year net profit up 51 percent year-on-year to HK$6.3 billion (US$811.7 million).

Retail sales in Macau reached their highest value of the year in the fourth quarter of 2016, according to data from the Statistics and Census Bureau (DSEC).

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