Thursday, February 21, 2019

Macau

Wynn Macau Ltd announces salary increase

Wynn Macau announced on Monday it will be increasing the salaries of around 98 percent of its 13,700 workforce. According to a press release,...

Wynn, Sands both a long-term play: Morningstar

Wynn Macau stocks will suffer over fears of a weak economy and construction disruption at its properties in Macau, but has long-term growth potential,...

Macau Jan. GGR falls less than expected

Macau recorded its first year-on-year decline in gross gaming revenue in 29-months in January, though the drop was not as severe as analysts had...

Melco announces pay increase for non-management employees

Melco Resorts has announced a pay increase between 2.5 to 7 percent for non-management employees, effective on April 1, 2019. Under the pay hike, non-management...

Package tour visitors from Korea, Taiwan surge in Dec 2018

Visitors on package tours increased by 1.6 percent year-on-year in December, driven by a surge in visitors from Taiwan and Korea, according to the...

Macau junket numbers continue to shrink

The Gaming Inspection and Coordination Bureau has issued a list of 100 junket operators who have been authorized to operate in Macau this year,...

Wynn full-year results boosted by Palace earnings

Wynn Palace has continued to drive revenue growth for Wynn Resorts. with strong casino revenue growth in 18Q4 helping to boost its full-year results....

Studio City announces senior notes offering due 2024

Studio City Finance Limited, a subsidiary of Studio City International, has announced the pricing of its international offering of senior notes due 2024. The...

South Shore in talks with investor to cut debt

Hong Kong-listed South Shore Holdings says it has entered a non-binding memorandum of understanding for an investment of as much as HK$1.5 billion ($191.2 million) to cut debt at its luxury hotel in Macau, The 13.

Ho’s nephew turns to new SJM controllers for dividend payout

Michael Hotung, the nephew of gambling legend Stanley Ho, has written to the new controlling shareholders of Sociedade de Turismo e Diversões de Macau (STDM) demanding HK$2 billion ($255 million) in unpaid dividends, according to the South China Morning Post.

TRENDING ARTICLES

Pansy Ho makes a play for SJM board

On Wednesday night, an alliance was formed between Shun Tak Holdings, a company owned by Stanley Ho, Fok Foundation and three parties controlled by...

Indo Pacific Gaming opens table games division

Indo Pacific Gaming International on Wednesday announced the formation of a new table gaming sales and operations division, to be headed by casino gaming...

Macau Jan. GGR falls less than expected

Macau recorded its first year-on-year decline in gross gaming revenue in 29-months in January, though the drop was not as severe as analysts had...

SKYCITY’s shares fall as market digests results

SKYCITY shares opened at NZ$3.83 this morning four percent down on its peak price for the year of NZ$3.99 on Tuesday the day after...

Deloitte Japan fined for violating auditor independence rules

The US Securities and Exchange Commission (SEC) announced last week that Deloitte Tohmatsu (Deloitte Japan) had agreed to pay a $2 million fine to...