Saturday, December 14, 2019

Morgan Stanley sees upside in lower Macau labor costs, but expects project delays

Morgan Stanley says Macau labor costs may be lower than the 10 to 15 percent increase most operators had been predicting for 2015 as...

Melco Crown unveils Studio City details

Melco Crown Entertainment has unveiled details of its new $3.2 billion Hollywood-themed Studio City resort, which is scheduled to open later this year. Studio City,...

Macau junket regulation remains uncertain, H2 recovery: UBS

In its Macau 2015 outlook, UBS notes that the DICJ's reiteration of existing junket registration policies for 2015 implies a continuing stricter policy tone...

Macau VIP rooms closing amid corruption clampdown

Some 50 VIP rooms in Macau may close amid China’s clampdown on corruption, the Macau Daily reported, citing unnamed sources. The rooms have also cut...

Lippo/Caesars consortium buys land for Korea casino

A consortium made up of the Lippo group and Caesars Entertainment said they have agreed to buy plots of land in Incheon, South Korea...

Macau tells junkets to step up scrutiny of agents

Macau regulators are strictly enforcing a rule requiring junket operators to ensure that their agents do not have criminal records, according to media reports. The...

Debt owed to junkets may be close to $13b

The amount of debt owed to Macau’s junket operators may now be as much as HK100 billion ($12.9 billion), Reuters reported, citing an unnamed...

Macau junket model “near broken,” Standard Chartered says

The Macau VIP/junket model that helped fuel growth in the world’s biggest gambling hub now appears to be “near broken,” with no near-term respite...

Junket operators sell Macau flats

Junket operators have begun selling their properties in Macau amidst the slump in VIP revenue, local media reports. The VIP promoters are mostly selling expensive,...

Summit Ascent reaches accord with Macau junket

Summit Ascent, the developer of a gaming property in Vladivostok that will target VIPs from northern China, has signed a deal with one of...

TRENDING ARTICLES

Macau Q4 more challenged than expected: Nomura

Softer VIP volumes in November and tighter security measures during the Chinese President’s visit to Macau in December will weigh on Macau GGR in...

FBM attends as title sponsor of G2E Philippines

With G2E Asia coming to the Philippines for the first time in the show’s history, FBM has announced it will be the title sponsor...

Nagasaki to choose its IR operator partner in autumn 2020

Nagasaki Governor Hodo Nakamura has told his prefectural assembly that his administration plans to select its IR operator in autumn 2020.

Casino winnings taxation policy delayed until next year

Some lawmakers have grown concerned that the proposed policy on the taxation of casino winnings is too heavy-handed, and a settlement of the issue has been delayed until next year.

Ted Chan: Reflecting on the last 20 years of Macau gaming

Ted Chan, chief operating officer, Japan Development, Galaxy Entertainment 1) When did you first arrive in Macau and in what capacity? I arrived in Macau in...