Tuesday, August 11, 2020

Macau

SJM posts marginal profits, has Cotai to look forward to

SJM posted a 4.7 percent increase in revenue of HK$44.4b and a marginal profit increase of 1.9 percent at HK$3.9b for the first half...

MGM China revamping MGM Macau, construction at full steam in Cotai

MGM China CEO Grant Bowie announced a $200 million expenditure plan to revamp the peninsula property up to 2016. Renovations include new VIP and...

Macau junket investor in for $3 billion casino in Saipan

An investor in one of Macau's largest junket operators plans to spend $3 billion in casino resort complex in the western Pacific island of...

Delay to MGM Cotai opening

MGM Resorts International chairman and CEO, Jim Murren, said in a conference call yesterday that the opening of its new Cotai resort was likely...

UBS, DB downgrade Macau mass market expectations

Macau stocks took another battering yesterday, down between 3-8 percent on concerns over slowing mass market growth. Mass table revenue grew 17 percent YoY...

Sands China defends labor policy

In response to a decision by Forefront of Macau Gaming (FMG) to hold another demonstration outside its Sands Macao property, the company has issued...

Melco Crown loses out on earnings, Taiwan probe

Melco Crown Entertainment (MCE) suffered a fall in its share price yesterday on tougher VIP conditions in Macau and also on news that employees...

Las Vegas lifts MGM Q2 earnings, pushes Cotai

MGM Resorts International reported solid growth for the quarter ended June 30, 2014, beating analyst expectations. Net revenue was up 4 percent from the...

Galaxy responds to labor protest

Galaxy Entertainment Group (GEG) has responded to the latest protest by labor group Forefront of Macau Gaming by issuing a statement about its reward...

Iao Kun Group RCT up 7 percent, US$1.60b

Iao Kun Group whose subsidiaries act as VIP room gaming promoters and collaborators, announced unaudited Rolling Chip Turnover of US$1.60 billion for the month...

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Petition for arrest of Indian celebrities for alleged online gambling promotion

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