Wednesday, May 22, 2019

Macau

Sports betting revenue rises racing revenue declines

The Gaming Inspection and Coordination Bureau said that gross revenue from football betting increased by 15.5 percent year-on-year to MOP418 million (US$52.3 million), while...

MGM wins approval for Cotai casino

Shares in MGM China (2282:HK) jumped almost 6% last week after the announcement that the Macau government granted it approval for a new mega...

More gaming tables for Macau

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

Wynn’s profits down

  Wynn Macau Ltd. profit fell 18 percent in the fourth quarter loosing grown to the competition already operating in Cotai, Bloomberg reported following the...

Macau licensed record 235 junkets

  Official data shows that the number of VIP gaming promoters operating legally in Macau is the highest ever. There are 235 licensed companies and...

Wynn chooses Leighton for Cotai

  A subsidiary of Australian-based Leighton Holdings, Leighton Asia, has been chosen by Wynn Macau (1128:HK) to design and build its maiden property in Cotai....

Sands China’s new Macau casino resort helps profits jump 52pct

  Sands China Ltd (1928:HK) posted a 52 percent jump in fourth-quarter profit, due mainly to strong performance of its Cotai project, Sands Cotai Central....

SCL yet to request allocation of new tables

  Sands China has not yet indicated where its 200 new tables will be allocated.  The head of the Gaming Inspection and Coordination Bureau, Manuel...

Las Vegas Sands ceases international money transfers for high rollers

  Las Vegas Sands Corp (LVS) is revamping its compliance procedures as it faces scrutiny from US regulators over anti-money laundering and bribery.  LVS announced...

SJM Holdings voted Asia’s best-managed gaming firm

  SJM Holdings (880:HK) was recently named by Euromoney magazine as the “Best Managed Company in Asia – Gaming” in the publication’s “Best Managed and...

TRENDING ARTICLES

Sands China invests in green technology for its properties and fleets

Macau gaming operator Sands China is investing in a number of initiatives to reduce its impact on the environment, such as solar panels, recycling...

PAGCOR Q1 profit up 9.5 percent

Philippine Amusement and Gaming Corp (PAGCOR) saw its profit climb 9.5 percent to P1.6 billion (US$30 million) during the first quarter of 2019, mainly...

Kansai IR Expo reveals rapid growth of the gaming industry

The scale of the Kansai IR Industrial Expo held in Osaka on May 15 and 16 testified to the rapid rate of growth of the gaming industry in Japan as it was clearly much larger than its predecessor event held a year ago in the same city.

Parañaque court affirms Okada warrant of arrest

A Parañaque City trial court has affirmed the warrant of arrest issued earlier this year against Japanese gaming mogul Kazuo Okada, local media reports. Okada’s...

Summit Ascent announces board changes after Suncity hikes stake

Summit Ascent Holdings has announced board room changes after Suncity Group Holdings increased its stake in the operator of Tigre de Cristal earlier this month.