Tuesday, March 19, 2019

Macau

Holidays changes June picture

  Reports of bumper gaming revenues during last week's Chinese holiday period led analysts to mark up their estimates for year-on-year June growth to 18...

VIP table win up at Emperor despite volume drop

  Emperor Entertainment Hotel Ltd. reported that gaming revenues at the Grand Emperor Hotel rose 14 percent to HK$1.86 billion ($240 million) in the year...

Galaxy opens new premium area

  The Galaxy Macau casino opened the Pavilion Club High Limits area, a new premium mass market space of almost 4,000 square feet including two...

Sands finds Chum

  Grant Chum, who has tracked the gambling industry as head of Hong Kong equity research for UBS AG, is to join Las Vegas Sands...

Amax completes $1 million fundraising

  Amax Holdings Ltd. raised a net HK$7.85 million ($1 million) by placing 9.6 million shares, at a price of 83 Hong Kong cents a...

More seek gambling counseling

  The Gaming Inspection and Coordination Bureau has referred 24 residents to the Social Welfare Bureau’s problem gambling counseling service since the city introduced a...

Second-round air tests almost done

  Cheong U, secretary for social affairs and culture, said the second round of air quality tests in the city's gaming halls was nearing completion....

Regulator backs Sands in slot dispute

  The Gaming Inspection and Coordination Bureau has backed the Sands Macao casino in a dispute with a Hong Kong customer who claimed to have...

Dore shifts toward pawn shops

  Dore Holdings Ltd. is to buy control of a Chinese pawn loan business for HK$14 million ($1.8 million) to reduce its dependence on Macau...

Amax sounds profit warning

  Amax Holdings Ltd. said it expects to report a loss for the year that ended March 31 because it has not been able to...

TRENDING ARTICLES

Public ‘trust and confidence’ will determine the success of integrated resorts

Carter Group CEO Dominic Carter has warned newcomers to the Japanese market that the fate of their brand is on a knife edge even...

Rich Goldman doubles profit in 18H2

Macau junket investor Rich Goldman Holdings saw its underlying profit almost double in the second half of 2018, despite terminating two gaming promotion agreements...

Duterte fires Alexander Balutan for corruption

President Rodrigo Duterte on Friday dismissed Alexander Balutan, general manager of the Philippine Charity Sweepstakes Office (PCSO) for corruption, local media reports. The termination was...

Macau registered problem gamblers falls to record low

The number of people reporting gambling problems fell to a record low in Macau in 2018, according to the Central Registry of People with...

Sands mulls joint IR bid with Osaka firms: Tanasijevich

Las Vegas Sands Managing Director for Global Development George Tanasijevich said the operator was in talks with several companies in the Osaka region about the possibility of making a “joint bid” for the Yumeshima IR.