Macau

Reduced liquidity in mainland China in 2017 will create headwinds for high-end gaming in Macau, say Bernstein analysts. In its report titled “China Liquidity: Who are the winners and losers when the tide is going out?” the brokerage looks at the implications of tightening liquidity on China’s markets.

The Health Bureau’s Tobacco Control Office is considering new standards for smoking lounges as proposed by the city’s gaming concessionaires.

MGM China Holdings will be paying a final dividend of HK$0.16 (US$0.02) per share to its shareholders, amounting to approximately HK$608 million in aggregate for the year ended Dec. 31, 2016.

Macau’s gross gaming revenue month-to-date is estimated at MOP 16.3 billion (US$2 billion), with last week’s performance slightly lower than expected, said Bernstein.

Macau Legend Development has confirmed its plans to launch its newest property, Legend Palace Hotel, on February 27, according to chairman and CEO David Chow Kam Fai.

Sands China posted a 16.1 percent decline in profit for the full-year 2016 to $1.2 billion, down from $1.5 billion in 2015, according to a preliminary announcement of its annual results.

Melco Crown Entertainment posted a 13 percent gain in Q4 revenue as an improved performance at Studio City and City of Dreams Manila offset declines at its older properties.

MGM China reported an improvement in Q4 profit and said revenue edged up, helped mainly by a higher VIP hold.

The newest casino hotel in Fisherman’s Wharf has been granted 15 new mass market gaming tables from the Macau government.

Melco International Development Ltd. has acquired an additional US$1.1 billion worth of shares in Melco Crown Entertainment (MCE), bringing its ownership to 51.3 percent.

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