Saturday, May 25, 2019

Macau

Mass tables drive gains for Galaxy

  Gaming and entertainment revenues for Galaxy Entertainment Group Ltd, rose 3 percent to HK$15.06 billion ($1.94 billion) in the second quarter from the April-June...

Lan Kwai Fong casino hotel boosts China Star

  China Star Entertainment Ltd. said it expects to report a profit for the first half of 2013 of 40 percent to 50 percent higher...

Analysts raise August forecasts

  Wall Street analysts have raised their forecasts for August revenue growth on seeing strong early numbers despite typhoon storms that affected Macau. RBC Capital...

Union federation calls for probe on smoking inaction

The Macao Federation of Trade Unions has asked the Commission Against Corruption to investigate the Health Bureau over the lack of follow through on...

SJM Cotai resort to get Versace hotel

  SJM Holdings Ltd. signed an agreement with Gianni Versace SpA for the opening of a Palazzo Versace hotel in SJM's planned Cotai casino resort. ...

Site names gambling debtors

  A new Macau website has named around 70 people it identifies as gamblers with unpaid debts. The Wonderful World site includes photos, debt sizes,...

Macau gaming wages rise 6.5 percent

  Average monthly wages for full-time Macau gaming sector staff rose 6.5 percent to 18,900 patacas ($2,412) in June from a year earlier, according to...

Sands properties draw 5.6 million visits

Sands China Ltd. said it received 5.6 million visitors at its four Macau properties in July, up 34 percent from last year. The three...

Steady growth keeps SJM ahead in market share

  Gaming profits for SJM Holdings Ltd. rose 6.2 percent to HK$3.78 billion ($487.4 million) in the first six months of 2013 from the same...

Caesars sells Macau golf course at loss

Caesars Entertainment Corp. agreed to sell its Caesars Golf Macau course in Macau to Pearl Dynasty Investments Ltd. for $438 million. The US casino...

TRENDING ARTICLES

Note offer still allows MGM room for funding: Fitch

MGM China Holdings says it’s raising $1.25 billion through a private placement of senior notes to help repay outstanding funds under its credit facility.

Hoiana center of Suncity expansion plans in Southeast Asia

A representative of SunCity Group says that its Hoiana IR project forms the center of the group’s expansion plans for Southeast Asia, according to...

Bright future seen for gaming growth

Despite short-term headwinds from China’s slowing economy and trade friction with the U.S., analysts remain optimistic Macau will retain its crown as Asia’s top gaming hub.

DICJ boss skips G2E Asia due to illegal gambling concerns

The head of the Gaming Inspection and Coordination Bureau, Paulo Martins Chan, who was scheduled to deliver a keynote speech at G2E Asia yesterday,...

India tax officials question fantasy sports GST best practice

India’s tax authorities are currently working out how to best tax online fantasy gaming businesses, after launching an inquiry into how GST is calculated,...