Friday, April 26, 2019

Macau

GGR to bottom out in Q2: Jefferies

The slowdown in Macau’s gross gambling revenue is expected to bottom out in Q2, with recent tax cuts and credit easing in China likely...

South Shore says no formal accord reached on gaming at The 13

South Shore Holdings said it hasn’t yet reached a formal accord to operate gaming facilities at the ultra-luxurious The 13 Hotel, though a memorandum...

Macau industry market cap to double by 2022: MS

Analysts at Morgan Stanely expressed optimism for Macau’s gaming industry over the medium term, with expectations of a market cap doubling by end-2022, driven...

Melco board grants Ho $9.99m in shares

Melco Resorts & Entertainment said its board had agreed to grant restricted shares amounting to about 0.09 percent of the group’s share capital to...

Macau IR operators participate in green week

Macau’s casino operators spared no expense raising awareness around green initiatives during the city’s annual “Green Week”, held last week in Macau. The Green...

Police take down fake gaming chip gang

Macau’s judiciary police have cracked down a fake gaming chip case that had been on-going for more than two years, local media reports. Last...

Macau package tour visitors increase 15.3 pct in Feb

Visitors arriving to Macau on package tours increased 15.3 percent year-on-year in February, reaching 706,000. The month saw strong growth in package tour visitors...

Rui Pinto Proença appointed managing partner of MdME

MdME Lawyers is pleased to announce the appointment of Rui Pinto Proença as Managing Partner, for a three-year mandate. Rui Pinto Proença follows Gonçalo Mendes...

Macau GGR better-than-expected in March

Gross gaming revenue in Macau fell 0.4 percent in March, performing better than analyst expectations, according to the latest data from the Gaming Inspection...

Suncity widens loss despite revenue increase in 2018

Suncity Group saw its loss for the year increase six-fold year-on-year to RMB1.5 billion (US$223.6 million), due mainly to the change in fair value...

TRENDING ARTICLES

Aristocrat establishes local Macau company

Australian gaming supplier Aristocrat has established a new limited liability company in Macau, Aristocrat Technologies Macau Limited, created in order to comply with “changes...

Singapore allows $9 billion IR expansion, but raises taxes, entry fees

Singapore has allowed the first major expansion of its integrated resort industry since its two IRs began operating, involving S$9 billion ($6.65 billion) new...

South Shore says no formal accord reached on gaming at The 13

South Shore Holdings said it hasn’t yet reached a formal accord to operate gaming facilities at the ultra-luxurious The 13 Hotel, though a memorandum...

Venue manager charged for failing to identify problem gambler

A gambling venue manager in New Zealand has become the first person in the country to be charged with failing to identify a problem...

Konami turns to AI for casino management system

Konami Gaming has turned to Berkeley, California-based GamingAnalytics.AI for the delivery of an analytics platform to customers worldwide who are already utilizing its SYNKROS...