22.9 C
Macau
Friday, March 24, 2017
Fake online lottery betting companies claim to be related to the MSAR Government and many other gaming operators
Move defended by the Department of Finance will probably be kept on ice
The announced expansion of MGM Resorts and its Bellagio brand to the Middle East through a deal with wasl Asset Management Group marks not only the group’s first step into the region but into the mega-city of Dubai. In...
Local electronic gaming equipment supplier Asia Pioneer Entertainment Ltd. (APE) has applied to be listed on the Growth Enterprise Market of the Hong Kong Stock Exchange. The company, however, redacted all information regarding the amount that it would like...
Imperial Pacific Holdings Limited has completed the issuance of the 7.8 per cent per annum unsecured notes due 2019 to Inventive Star Limited, its controlling shareholder, the company announced in a filing yesterday. The insurance, according to the...
The city’s Court of First Instance has declared the bankruptcy of VIP promoter Sang Lung Gaming Promotion Ltd., which is linked to junket operator Iao Kun Group Holding Company Ltd. in the MSAR. According to a dispatch in yesterday’s Official...
The city’s gaming operators aim to impress the Liaison Office of the PRC, pushing the diversification agenda and showing what they’ve got
A report from Macau University of Science and Technology. Indicating dealers in the city are feeling blue about their jobs. Compared to last year both confidence and satisfaction figures have decreased. Although there’s more optimism regarding general employment.
Demand for the city’s gaming industry has been healthy so far in the month, with accelerating growth especially seen in the VIP sector, according to analysts at J.P. Morgan Securities (Asia Pacific) Ltd. ‘Based on channel checks, we estimate that...
MSAR and South Korea’s dependency on Mainland China visitations makes their gaming markets less stable and attractive than the gaming markets in the Philippines or Japan, says Bloomberry CEO
The chief executive of Macau gaming operator SJM Holdings Ltd, Ambrose So Shu Fai, said the company is eyeing business opportunities outside the territory, including in Japan. In an interview with Hong Kong news channel Now TV, Mr. So said SJM is...

Mobile investments

Gaming company Amax International Holdings Ltd looks to expand to mobile applications with a HKD27 million mobile game software purchase deal
Casino cruise operator Genting Hong Kong Ltd dived into the red for the year of 2016, posting a net loss attributable to owners of the company of US$502.3 million (MOP4.02 billion), compared to a net profit of US$2.1 billion...
While the MSAR Government is addressing the importance of diversification, it should first develop a solid plan for the city’s future, and enhance its infrastructure, say gurus
Yesterday, Sociedade de Jogos de Macau, S.A. (SJM) inaugurated a new recruitment centre, helping to fill 10,000 job openings for the gaming operator’s new projects Hotel Jai Alai and Grand Lisboa Palace, a company release announced. According to the dispatch,...

Falling division

Junket operator Iao Kun Group Holding Company Limited shares listings have been downgraded to the Nasdaq Capital Market for failure to comply with minimum bid price requirements
Melco Crown Entertainment Ltd. will attempt to change its name to Melco Resorts and Entertainment, according to company statements made to Business Daily. The gaming operator says the issue will be subject to shareholder approval by the end of March. “The...
Analysts believe that if the newly proposed smoking bill is approved gaming revenues from VIP and premium mass tables where smoking is allowed could fall by 10 per in the first year of enforcement, while overall gross gaming revenues could fall by 5 per cent
The local gaming industry is sticking with the rebounding trend for this month so far, analysts at JP. Morgan Securities (Asia Pacific) Ltd. believe, anticipating the month’s revenue growth to be between 10 per cent and 15 per cent...
Deputy chairman of casino operator Galaxy Entertainment Group Ltd, Francis Lui Yiu Tung, is confident that the company can seize a chance to establish a foothold in the Japanese gaming market. In an interview with Hong Kong Economic Times, published...
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