Saturday, December 14, 2019

Macau

MGM China revenue up 2 pct, paying dividend

MGM China Holdings Ltd. (HK: 2282) reported a 2 percent rise in fourth-quarter revenue to $731 million and will pay a special dividend of...

Analysts differ on Macau’s Chinese New Year performance

  Despite Macau posting a strong year on year increase during the first few days of the Chinese New Year period, a 3.9 percent drop...

Aspect Gaming acquires Longshot Interactive

  Aspect Gaming has announced the completion of the acquisition of Longshot Interactive, thus adding a portfolio of proprietary baccarat variants to its library of...

Wynn wins with a trio, Okada dismissed

  Wynn reported three winning hands to its shareholders in the ongoing legal campaign against former partner Kazuo Okada. First, the Nevada Gaming Control Board...

Melco Crown carries on

  Melco Crown Entertainment (MPEL) posted marginal profit gains in the fourth quarter, lumbering costs from its Philippines project and Studio City financing. Fourth-quarter net...

Junket crackdown going in circles

Macau gaming stocks went on a steep downward spiral earlier this week after a media report from the UK - quoting an unnamed law...

Gaming taxes inflate Macau’s coffers

The Macau government is expected to collect upwards of USD $13.35 billion in direct taxes from gambling in 2012. The government will also net...

Nevada’s Gaming Control heads visit Macau

Nevada's three Gaming Control Board members traveled to Macau last week in an effort to re-kindle the relationship with their regulatory counterparts, the Gaming...

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...

TRENDING ARTICLES

Macau Q4 more challenged than expected: Nomura

Softer VIP volumes in November and tighter security measures during the Chinese President’s visit to Macau in December will weigh on Macau GGR in...

FBM attends as title sponsor of G2E Philippines

With G2E Asia coming to the Philippines for the first time in the show’s history, FBM has announced it will be the title sponsor...

Nagasaki to choose its IR operator partner in autumn 2020

Nagasaki Governor Hodo Nakamura has told his prefectural assembly that his administration plans to select its IR operator in autumn 2020.

Casino winnings taxation policy delayed until next year

Some lawmakers have grown concerned that the proposed policy on the taxation of casino winnings is too heavy-handed, and a settlement of the issue has been delayed until next year.

Ted Chan: Reflecting on the last 20 years of Macau gaming

Ted Chan, chief operating officer, Japan Development, Galaxy Entertainment 1) When did you first arrive in Macau and in what capacity? I arrived in Macau in...