Tuesday, June 18, 2019

Macau

Morgan Stanley further revises down 2019 VIP growth estimates

While the Macau gaming industry has continued to see robust mass growth over the first half of the year, VIP growth is expected to...

Paradise Entertainment buys HK$90 million of warehouse space

Hong Kong-listed Paradise Entertainment, a developer of electronic gaming equipment and systems, has announced the purchase of around 25,000 square feet of warehouse property...

Crown acquisition will help Japan bid: Lawrence Ho

Melco Resorts chairman and CEO, Lawrence Ho says that their recent acquisition of shares in Crown Resorts will help to accelerate their bid for...

26.6 pct of all smoking infractions occurred inside casinos: Health Bureau

More than 26 percent of all smoking infractions so far this year have happened inside of casinos, according to an announcement from the Health...

Macau eyes yuan-based stock exchange

Macau’s Monetary Authority is considering setting up a yuan-based stock market as part of the territory’s push to diversify its economy away from gaming, Reuters reports.

MGM Cotai ramp up slow, Bernstein says

The ramp up of MGM China’s property of Cotai has expanded the operator’s footprint in Macau significantly, though ramp up has been “very slow,” according to analysts at Bernstein Research.

Government can’t force casinos to install FRT

The director of Unitary Police Service (SPU), Ma Io Kun has clarified that the government does not have the right to force casinos to...

Macau GGR returns to growth in May

Macau gross gaming revenue grew 1.8 percent year-on-year in May, reversing a trend of decline since March, according to data from the Gaming and...

SJM formally signs China Duty Free accord for Cotai resort

Sociedade de Jogos de Macau and China Duty Free Group Co said they have signed a binding agreement for the retailer to open a flagship outlet at Grand Lisboa Palace once it opens on the Cotai strip.

Melco agrees to buy $1.75b Crown stake

Melco Resorts & Entertainment said it agreed to buy an almost 20 percent stake in Crown Resorts for A$1.75 billion ($1.2 billion) just two years after the Australian company withdrew from a decade-long venture with the Macau-based operator.

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Slow ramp-up expected for Grand Lisboa Palace

SJM’s Grand Lisboa Palace will suffer from s slow ramp up, and likely fall behind schedule for its opening, according to Bernstein analysts in...

New LT Game slots to be available in June

Paradise Entertainment chairman Jay Chun says he expects his latest line of slot machines, developed through its subsidiary LT Game, to be available at...

Melco to delay opening City of Dreams Mediterranean

The opening of Melco’s integrated casino resort in Cyprus has been pushed back six months due to the extensive infrastructure needed, local media reports....

Melco buys A330 to add to fleet, MNA reports

Melco Reports & Entertainment has bought a third plane, an Airbus A330, to its fleet to transport VIP gamers to its properties, MNA reports.

SkyCity online gaming site expected to launch mid-2019

SkyCity Entertainment Group on Wednesday has announced its Maltese subsidiary has partnered with international iGaming company Gaming Innovation Group Inc (GiG) to provide New...