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Macau
Sunday, July 23, 2017
One of the latest casino offerings on the South Korean island of Jeju, opened last Sunday, is the Gongzi Jeju Casino, a 40,000 square foot ‘expansion gaming area’ including 45 gaming tables and two-dozen slot machines, according to a...
VIP revenue from baccarat was up 35 pct y-o-y in Q2, hitting MOP35.86 bln, while H1 saw a 25.2 pct y-o-y uptick to MOP71.35 bln. Overall casino revenues were up 17.24 pct y-o-y in H1, with total gaming revenues up 17.1 pct. Dog racing and horse racing saw 50 pct and 24 pct y-o-y drops. Analysts’ expectations for July revenue are for about a 25 pct increases y-o-y.
Chairman of Macau Gaming Information Association found guilty in new case of ‘name and shame’ casino debtor website
LiNiu Technology Group, formerly known as junket operator Iao Kun Group Holdings Company, has 180 days in which to ‘regain compliance’ in order to maintain its listing on the Nasdaq Stock Market, according to a company release. The company...
Four possible outcomes, say analysts. With one most likely for gaming concession tender. No current operators to lose out, expect experts, and little likelihood of new blood. But time is of the essence for the concessions that expire in 2020. And what about the junkets?
Nagacorp reaps strong results from its operations in Cambodia, following an increase in Chinese visitation to the country
The government could completely redo the legislation relating to the new gaming concessions, according to statements made by the Secretary of Economy and Finance, Lionel Leong Vai Tac. Given the increased competition regionally - one of the major developments since...
Local gaming activist association Power of the Macao Gaming Association (PMGA) has launched its new official headquarters in the centre of the city, inaugurating the new space last Saturday. The director of the association, Lei Iok Po, reported that...
The potential purchaser, as yet unidentified by the company, entered into a non-legally binding letter of intent with Macau Legend on July 5
As the company focuses on ‘other committed developments in the pipeline,’ Melco International Development announced that it ‘has decided not to participate in the current bidding process,’ for developing an integrated resort in Catalonia, it announced in a press...
Gross gaming revenues came in at a 25.9 pct uptick y-o-y in June, below some estimates, and strengthened by an easy comparison base, say analysts. Double-digit increases are expected for Q3 and Q4 as well as full-year. VIP growth ‘continues to accelerate’ but Q2 should still see it only slightly ahead of mass.
The Pacific island casino, owned nearly two-thirds by Hong Kong billionaire Cui Lijie and operated under the Best Sunshine International subsidiary, has received the green light for opening its permanent facilities
A very substantial disposal to back the completion of its super luxury hotel is the latest attempt from The 13 Holdings to get its Macau property open before the end of the year, after several delays already announced
A HK$988 mln loss for the 2016 financial year, with HK$901 mln due to Greek Mythology, puts into question Amax’s ‘ability to continue’, while litigation to gain access to the associate’s financial information could take up to a year
The next International Gaming Summit by the International Association of Gaming Advisors (IAGA) is slated to take place in Macau next year, according to an IAGA announcement. On June 1, the group finalised its 36th annual international summit, ...
The service provider of outsourced management solutions and information technology to the gaming industry sees no profitable outcomes under tightened Vietnamese regulations on greyhound and horseracing betting
MGM China taking on the title sponsorship of the Eco TrailHiker event, one previously carrying Sands China’s name, is a way of marking its ground in Cotai, says its CEO, sending out a “challenge” to all corporates and the public to participate in the event set to begin, and end, at the group’s new property on November 8
The company operating the Macau Yat Yuen Canidrome will change its operations to live broadcasting of overseas greyhound races and implement a ‘virtual races’ system
Amax tries to install chairman as administrator of Greek Mythology to access financials
Neptune Group Limited has announced the completion of the acquisition of a company in the hospitality business as well as a deal for the renewal of a lease on June 26, according to a filing with the Hong Kong...
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