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Macau’s overall gross gambling revenue is likely to rise about 3 percent to 4 percent in September after disruptions caused by Typhoon Mangkhut, though VIP revenue in the coming week may get a boost from new room openings, Bernstein Research says.
UBS has raised its gaming estimates for the mass market for 2018 to 18 percent from 17 percent previously, though adds the sector is likely to be the most affected by the government’s confiscation of China UnionPay point-of-sale terminals.
Macau junket operator Suncity Group has again extended the deadline for the purchase of a 34 percent stake in a casino project in Vietnam until July 31.
Suncity Group Holdings is reportedly taking legal advice after rival junket operator Amax International Holdings disputed its assertion it has taken control of the shuttered Beijing Imperial Palace Hotel in Macau.
Amax International Holdings has denied a report in a Chinese newspaper that Macau’s leading junket operator, SunCity International, has taken control of the Beijing Imperial Palace Hotel.
Suncity Group, Macau’s leading junket operator, has formed a consortium in Japan to study a potential license bid there, executive director Andrew Ho said in an interview.
Universal Entertainment said it plans to seek a stock market listing for the company that controls its Okada Manila property within the next two years as it positions for further growth.