26.3 C
Macau
Sunday, July 23, 2017
Macau Legend Development Ltd has plans to build a second gaming facility as part of its HK$5 billion (US$645 million) redevelopment plan for its Macau Fisherman’s Wharf theme park. Our sister publication Business Daily quotes a person with knowledge of...
Galaxy Entertainment Group Ltd had the biggest share of Macau’s gaming market last month, Business Daily reports. The newspaper, citing its own calculations, says Galaxy Entertainment had 22.9 percent of the city’s casino gross gaming revenue, leading the market for...
MGM Resorts International yesterday announced that it has entered into an agreement with businesswoman Pansy Ho Chiu King to take control of MGM Macau. According to the deal, after the proposed initial public offering of the shares of MGM China...
The US$1.5 billion (MOP12 billion) loan currently in syndication for MGM China Holdings Ltd has attracted commitments from 12 banks, Bloomberg reports quoting a person familiar with the matter. The commitments reach just over US$1.4 billion, the same source said. MGM...
Secretary for Economy and Finance Lionel Leong predicts that June gaming revenues may drop 20 per cent compared to May, to around MOP16 billion. He indicated that the government would launch internal austerity measures if June gaming revenues reach...
Japanese businessman Kazuo Okada is out of Wynn Macau Ltd’s board of directors after an emergency board meeting today. Wynn Macau is a subsidiary of Wynn Resorts Ltd. This is the latest step in the battle between Wynn Resorts chief executive...
Sterne Agee says Macau’s casino gross gaming revenue for August is picking up, after a slow first week. In a note sent to investors yesterday, analyst David Bain said that according to Sterne Agee’s check channels, Macau’s table-only gross gaming...
Don’t consider just the place of origin, study says The reactions or expressions at a gaming table allow for the identification and characterisation of the gambler but to mistake the forest for the trees, especially when talking about a multitudinous...
Sinogreen Energy International Group Ltd has plans to enter Macau’s gaming market, the Standard reports. The Hong Kong newspaper says Macau junket operator Jimei Group’s chairman, Jack Lam Yin Lok, is proposing to buy into Sinogreen Energy. Sinogreen Energy would then...
The DICJ director says the government will only indicate the main direction and give general guidelines regarding the development of the non-gaming industry. Gaming operators are free to decide exactly what they will do and developments should be market-oriented....
Casino workers were once invulnerable. But things are changing. Employees in the city’s biggest industry are being advised by their employers to consider taking unpaid leave amid slumping gaming revenues.
A sense of grandeur and hitting the sweet spot for mass market Mainland visitors as well as serving as a pivotal link between Sands’ properties on Cotai driving foot traffic sets a positive pace for The Parisian Macao.
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...
Rumours speak of 150 new-to-market gaming tables. But neither Galaxy Entertainment Group nor the gov’t are yet showing their hand. Galaxy Macau Phase II opens May 27.
MGM China Holdings Ltd today announced it has formally accepted a land concession contract in the form of a lease granted by the government to develop a five-star luxury casino resort in Cotai. The plot granted, according to a stock...
Gaming analysts’ opinions are divided with regard to the impact of the MGM share movements involving Pansy Ho and speculate that she might be looking beyond the MSAR market.
Broadway Macau, a mass market focused casino, integrated with Galaxy Phase II on the Cotai Strip, is to host the ‘VIVA LA Broadway’ show in its 3,000-seat Broadway Theatre from 1 April to 19 May. The casino operated by...
Secretary for Social Affairs and Culture Cheong U reiterated that the government is determined to reduce, or even cancel, the smoking areas in casinos and slot machine parlours that are not able to meet minimum air quality standards. Mr U...
The International Union of Operating Engineers (IUOE) has urged the city’s Legislative Assembly to take action to investigate a land deal involving MOP400 million (US$50 million) on Cotai that gaming operator Wynn Resorts made with two local firms in...
Wages increase overall but vacancies and miniscule wage rises stifle demand
- Advertisement -