29.4 C
Macau
Tuesday, October 24, 2017

Getting ahead

China Star Entertainment Ltd. agrees to sell Hotel Lan Kwai Fong Macau to former legislator Chan Meng Kam for HK$2 billion 10 days after an exclusivity period to sell the property to Paradise Entertainment Limited ended Former MSAR legislator and...
Overall, games of fortune in the third quarter saw a 21.8 per cent year-on-year increase in revenues, rising to MOP67 billion With the first nine months of the year seeing accumulated gross gaming revenue up 18.8 per cent year-on-year, to...
The Macau Government Tourism Office (MGTO) has stated that applications for operating Abudget accommodations for visitors will be prioritised, in a bid to expedite the introduction of different offerings of hotels and inns in the city. The president of the...
Local casino investor Amax International Holdings Limited has announced that its online gaming operation in the Republic of Vanuatu, an island in the Pacific, has generated most of the company’s annual revenue. In its Environmental, Social and Governance Report filed...
Officials in Crimea are soon to start accepting bids for qualified gaming operators and allowing the development of hotels and tourist attractions, casino.org reported this week. Crimea was controversially annexed by the Russian Government from Ukraine in February 2014. The planned...
Luxury duty free retailer DFS Group ‘experiencing sustained growth’ in the MSAR and Hong Kong in the first nine months of this year
With a Bernstein note stating The House of Magic show at Studio City has closed, the property told Business Daily the attraction had been suspended for renovation
Despite a strong last four days, a report by Morgan Stanley considers that daily gross gaming revenues registered in Macau during this year’s Golden Week holiday period were ‘weaker than expected’ with an increase of ‘only 9 per cent...
Macau Legend will receive 2 pct of the gaming revenue of the three VIP tables, as well as a monthly licence fee
All eight restaurants in the SOHO food district at City of Dreams (CoD) closed down during the summer and remain closed to date, the Macao Government Tourism Office (MGTO) confirmed to Business Daily. ‘Our Office has assigned staff to scrutinize...
The brokerage was also disappointed by the weak performance of gaming revenue during the extended Golden Week
The recent Las Vegas shooting led the Office for the Secretary of Security to enhance security measures during the Golden Week holiday period
The Asian Federation of Capoeira, an Afro-Brazilian martial art, is being launched by month end, to be headquartered in Macau
Aruze Gaming America is undergoing a reshuffle in its management, according to a recent company announcement noting that the group’s President, Chief Administrative Officer and Chief Financial Officer, Richard Pennington would be resigning. Pennington has spent seven years as...
As Genting Hong Kong Limited seeks to expand its cruise businesses in North Asia, a Bernstein report indicates that if certain basic issues of the Chinese cruise market are resolved the industry would be ‘well-positioned’ to profit from the expected increase of Chinese outbound travellers in the next decade
A US$5.5 million bottle of vodka is set to make its world premier at Studio City this Saturday, according to a press release. ‘The Eye of the Dragon’, a 6-litre bottle of the most premium Royal Dragon Imperial Vodka...
The local gaming operator, on the other hand, will stick to the original plan for the Cotai property opening as well as the budget
Gaming operator NagaCorp Ltd., owner of NagaWorld located in Phnom Penh Cambodia, has seen a 67 per cent year-on-year increase in its VIP business, based upon the VIP rolling results for the first nine months of the year, as...

Busy October

Macau Billionaire Poker will host two poker tournaments at the end of October in Babylon Casino

Happy taxman

The amount of gaming taxes collected by the MSAR Government in the first eight months of 2017 increased by 17.2 per cent year-on-year to around MOP60.56 billion
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