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Sunday, May 28, 2017
Paradise Entertainment Ltd is expecting Casino Kam Pek Paradise to continue to record a profit in the second half of 2012. The company told the Hong Kong Stock Exchange that this will result in “a significant increase in profit for...
Two new reports have predicted record monthly gross gaming revenue of between MOP32.5 billion and MOP33.7 billion for October. Nomura Holdings says gaming receipts in the first six days of this month suggest gaming revenue of between MOP32.5 billion and...
Gaming revenues dropped to MOP17.4 billion last month. Investors, however, anticipate a boost from the looser transit visa policy for Mainland Chinese introduced this month. The ‘bad’ news is that the universal smoking ban in casinos is closer to becoming a reality
Secretary for the Economy and Finance Lionel Leong Vai Tac has said any change in the gaming tax rate will depend on the results of forthcoming review of Macau’s casino concessions. Mr Leong told reporters that the review would begin...
Steve Wynn and other Wynn Resorts Ltd directors have asked a federal judge in the United States to dismiss an amended lawsuit by investors led by a Lousiana police retirement fund, over the company’s donation to the University of...
FutureLogic is showcasing its intelligent promotional couponing system at G2E Asia FutureLogic, Inc is presenting version 2.0 of its intelligent promotional couponing system PromoNet, with new features and functionalities, at this year’s G2E Asia. The latest version was launched earlier...
The depreciating RMB and a narrowing price gap is driving Mainland luxury shoppers back home, further adding to the MSAR’s luxury retail slump
Chief Executive of MGM China, Grant Bowie, believes that the gaming market will gradually stabilise despite its continuing adjustment in the second half of this year, saying the public need not be too pessimistic. Following 10 consecutive declines in the...
The proposal for the revision of the Gaming Industry Regulatory Framework law (Law 16/2001) is already being analysed by the Executive Council, the Government advisory body, Radio Macau reported. After getting the body’s thumbs up, the proposal will go to...
The property president believes easing visa requirements would help boost not only the gaming industry but tourism in general.
Sands China was the dominating force in terms of market share in the first month of the year, according to a report issued by asset management firm Sanford Bernstein. In January, the American company seized 23.2 per cent of the...
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 brokerage firm predicts gaming revenues will shrink between 18 and 22 per cent during the first month of the year
James J. Murren, chairman and chief executive officer of MGM Resorts International, announced that gaming operator MGM Macau is targeting to sell up to 25 percent of its capital in an initial public offering to take place in Hong...
Australia's Crown Resorts Ltd is set to bid for a US$2 billion (MOP16 billion) casino complex in Las Vegas, Reuters reports. The news agency quotes the Australian Financial Review as saying Crown Resorts will lodge an expression of interest in...
Hong Kong-listed gaming investment company Amax Holdings Ltd confirmed yesterday in a filing that Greek Mythology Casino, where it has a stake of 24.8 percent, had returned 40 gaming tables to SJM Holdings Ltd. Greek Mythology Casino is a third-party...
In the event that its minimum 400 gaming tables request is rebuffed Studio City Project Facility ‘may constitute an event of default’
Ratings agency expects ‘about equal contribution’ of VIP and mass to revenues
Over 200 gamblers are now banned from casinos after volunteering to be banned, the Portuguese-language Jornal Tribuna de Macau reports, quoting the Gaming Inspection and Coordination Bureau. New rules on admittance to casinos which came into effect in November last...
Although EBITDA expectations have been lowered by analysts for the group’s new Cotai property, MGM has not lost its stride as it heads towards opening day
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