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Macau
Thursday, June 22, 2017
Despite growth in the online sector, traditional casino sites will still represent the majority of the gaming market until 2021, a report indicates
Neptune Group Limited, a junket operator in Macau, has entered into a mortgage loan agreement worth HK$20 million (US$2.56 million/MOP20.6 million) with two individual borrowers via its subsidiary, the company indicated in a filing with the Hong Kong Stock...
Gross gaming revenues for this month could see an increase of between 30 and 32 per cent year-on-year, reaching from MOP20.7 billion (US$2.58 billion) to MOP20.9 billion, according to brokerage firm Sanford C. Bernstein. According to the analysts, the revenues...
The recent increase in interest by the Hong Kong Government in the development of eSports events could lead the MSAR to realise the sector’s potential for its tourism industry
Melco Resorts & Entertainment is expanding its aviation business to increase its influence in the Southeast Asian market. As gaming revenues pick up steam in Macau and with growing trends in the Philippines, Lawrence Ho is confident the termination of his partnership with Crown Resorts came at the right time, along with the company’s restructuring efforts for more efficient management
Third quarter gross gaming revenue expected to rise 16 to 22 pct
Amax International expecting HK$900 mln in losses from Greek Mythology for 2017 financial year
The renovation of Ponte 16’s hotel has been completed, according to statements by the executive director and deputy chairman of the property’s operator Success Universe Group ltd, Hoffman Ma Ho Man, as reported by Apple Daily. According to the deputy...
The deadly attack on Resorts World Manila on June 2 has fired up political discussions in the Philippines that may lead to divesting the state gaming agency of its licensing powers
Suncity Group Holdings is still trying to retrieve about RMB315.26 million paid out under two memorandums of understanding involving two property development projects, according to the group’s filing with the Hong Kong Stock Exchange. The agreements were both signed...
Toh Hock Thiam, the man behind the largest counterfeit casino chip scam in Singapore, was sentenced on Wednesday to seven years and four months in jail, The Straits Times reported yesterday. Toh was arraigned in court last month on 13...
Management reshuffle of board of Success Dragon linked to cessation of business with Primus
The transaction for the sale of 40.65 per cent of the issued shared capital of MelcoLot Limited to 500.com Limited, a lottery business operating in Mainland China has been completed, according to a joint announcement released to the Hong...
Jimei International Entertainment Group Limited has changed its name to Starlight Culture Entertainment Group Limited, explaining in the group’s latest filing with the Hong Kong Stock Exchange that the name change ‘will better reflect the recent change of control’...
Imperial Pacific International Holdings Ltd. (IPI) revealed that it will only announce monthly unaudited results for its VIP rolling chip for its casino in Saipan when amounts total less than US$2.5 billion, according to its latest filing with the...
Deposits by non-residents saw a 4.6 per cent drop during the month of April, compared to March, reaching MOP260.6 billion, according to the latest data released yesterday by the Monetary Authority of Macau (AMCM). Total deposits fell by 1.6 per...
Sands China’s casino terminates its agreement with one of Neptune’s strongest subsidiaries, without providing further explanation
As long as no other restrictions on local gambling arise, analysts at Morningstar are predicting a US$25 billion opportunity in Japan for integrated resorts, with those opening facilities in 2024 able to profit off a predicted 20 per cent...
CMC Trading Engineer (International) Limited is to seek legal counsel after accusations by workers involved in the construction of the new Imperial Pacific resort in Saipan, relating to missing payments and missing reimbursements for work injuries
Despite the significant rise in the city’s gross gaming revenue last month, analysts are cautious about Chinese government’s moves
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