Tuesday, April 23, 2019

Macau

Macau gambling revenue up 7.3 pct

  Gambling revenue in Macau rose 7.3 percent in January year-on-year, riding on the waves of mainland punters. January's revenue at USD $3.4 billion was...

Mobile gambling growth prompts acquisition by Citic

Citic Telecom International Holdings Ltd. (1883:HK) has decided to buy 79% of Macau phone operator CTM for the noteworthy amount of USD $1.16 billion....

Smoking grief rises

The smoking ban that took effect on the first day of the year is creating grief across the industry. Operators, faced with last minute...

Chinese lottery monopoly extended

The Macau government will soon renew the contract with Sociedade de Lotarias Wing Hing Lda albeit with some changes. The company has held the...

Mass market helps lift Melco Crown Entertainment

Melco Crown Entertainment Ltd. (Nasdaq: MPEL), the second-most expensive Chinese casino stock after last year's 75 percent surge, will extend gains as recreational gamblers...

More gaming tables for Cotai

The table cap for operating properties - currently set at 5,500 for the 2011-12 biennium - shall be increased in 2013, the Macau Secretary...

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Genting Malaysia sells stake in UK casino

Casino operator Genting Malaysia on Friday announced it has disposed of its entire equity stake in one of its casinos located in Kensington, London. The...

Genting “cautiously optimistic” about Japan IR bid

Genting Singapore has made a rare statement about its intentions in Japan in its recently issued Annual Report 2018. Executive Chairman Tan Sri Lim Kok...

SkyCity moves Darwin exec back to Adelaide

SkyCity Entertainment said it’s moving David Christian back to head the company’s Adelaide operation after the recent sale of its Darwin casino. Christian previously held...

Starlight temporarily suspends trading on HKEX

Starlight Culture Entertainment Group, previously known as Jimei International Entertainment, has suspended the trading of its shares on the Hong Kong Stock Exchange. According to...

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...