Sunday, June 7, 2020

Macau

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...

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...

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...

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