Thursday, June 20, 2019

Macau

MGM gains from mass market

Operating profits at MGM China Holdings Ltd. climbed 45.5 percent in the first quarter from a year earlier on growth in mass market and...

Wynn earnings rise despite VIP slide

First quarter earnings for Wynn Macau Ltd. rose 14 percent from a year ago as revenues increased 4.4 percent to $992.1 million. Profit before...

April revenue growth slows

  Slowing year-on-year growth in weekly gross gaming revenues led several analysts to cut their estimates for monthly gains, while others raised their forecasts on...

Macau slot count falls again

  Macau's slot machine count has fallen by more than 600 since peaking last year above 17,000.  Gaming Inspection and Coordination Bureau statistics show that...

Weidner says trial hurt China ties

  William Weidner, the former Las Vegas Sands Corp. president, now involved in casino projects in Taiwan and the Philippines, told a Las Vegas jury...

Macau April revenue growth in double digits

  Macau gaming revenue rose around 10 percent in the first week of April from a year earlier, according to analyst surveys. Wells Fargo put...

Air quality not up to snuff

  Health Bureau tests showed 28 of 44 gambling venues failing to meet air quality standards. All four casinos operated by Las Vegas Sands and...

Macau Gaming revenues hit new record

  Macau monthly gross gaming revenues hit an all-time high in March of 31.3 billion patacas ($3.9 billion), topping the previous record of 28.3 billion...

Galaxy doubles profits

  Galaxy Entertainment Group Ltd. reported that its annual net profit more than doubled last year to HK$7.4 billion ($953 million) from HK$3 billion in...

Junkets, VIP investors report mixed results

  China Star Entertainment Ltd. reported a return to profit, with earnings of HK$94.5 million ($12.2 million), up from a loss of HK$632.7 million a...

TRENDING ARTICLES

Macau solicits tourism tax opinion as visitation concerns mount

Macau’s tourism body is studying whether to impose a tourism tax amidst concern the territory may not be able to handle a sharp increase in visitors as connectivity with the mainland improves.

Nagasaki pushes forward on IR bid policy

Despite the delay in central government policy and criticism from some citizen’s groups, Nagasaki Prefecture is pushing ahead with its IR plans, launching the first meeting of an Experts Committee on Wednesday evening.

Decision to be made soon on gaming commission, new casino policy

The appointment of a gaming commission for Goa’s casino industry and the accompanying new casino policy are now in the final stages of consideration,...

SkyCity’s Queenstown problem unresolved despite land purchase

SKYCITY Ltd has now obtained permission to buy land in Queenstown for a new luxury hotel complex, but is still battling with regulatory issues...

DFNN says hopeful PCSO spat is close to resolution

DFNN said it is hopeful a long-standing legal dispute with the Philippine Charity Sweepstake Office (PCSO) is close to being settled and it will be able to collect the PHP310 million ($5.9 million) in damages that it was awarded by a court.