Death of King of Gambling gives empire reins to daughter Pansy

About an hour after the death of Stanley Ho, the billionaire who built the Chinese territory of Macau into the world’s biggest gambling hub, his large clan gathered in

Editorial | Uncle Stanley

Stanley Ho has been a household name in Macau and East Asia for seven decades. His trade: gambling, although, as the legend goes, he never gambled himself and would always

Larger than life; the passing of a legend

At 98-years, Stanley Ho passed away in Hong Kong yesterday, not living long enough to see the opening of the last property of the empire he helped to build, the

Stanley Ho, the ‘King of Gambling’ dies at 98

Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia's richest men, died on Tuesday (May 26) at

‘Step-down is according to the original plan,’ gaming inspection chief says

The step-down from the post of director of the Gaming Inspection and Coordination Bureau (DICJ) by Paulo Martins Chan was expected and done according to the original plan, the director

Grant Bowie resigns from MGM China top posts

MGM China has announced today (Monday) that Grant Bowie will retire from the position of Chief Executive Officer, effective May 31. In a filing with the Hong Kong Stock Exchange, the

Las Vegas | Adelson’s casinos stay open in city divided over virus

MGM Resorts International and Wynn Resorts Ltd. both announced over the weekend that they were closing their Las Vegas casinos until the coronavirus threat passes. But not the giant Venetian

Macau gaming revenue suffers record plunge from virus blow

Gross gaming revenue was 3.1 billion patacas ($386.5 million) in February, down 87.8% from a year earlier, according to data from the Gaming Inspection & Coordination Bureau. In a survey,

Gaming | Epidemic outbreak the ‘most difficult’ time in a decade

The gaming industry is expected to enter a “difficult time” if travel restrictions among tourists from mainland China persist, according to Sands China President Wilfred Wong. Though Sands China is gradually

29 Macau casinos to reopen at midnight

Twenty-nine Macau casinos will reopen at midnight, the government confirmed earlier, while a further 12 will make use of the extension period offered by the Secretary for Economy and Finance

Casinos confirm phased openings only

Macau casino operators plan to open in phases once the casino suspension order expires at midnight on Thursday, the Times has learned. It remains unclear whether any of the six

Casinos to reopen Thursday

Macau casinos will reopen to the public on Thursday midnight, as previously indicated by the government. That is according to a dispatch published today in the government’s Official Gazette, which affirms

Breaking News: Macau casinos to close for two weeks to curb coronavirus spread

Casinos in Macau will close for two weeks to help contain the coronavirus, Chief Executive Ho Iat Seng announced this afternoon (Tuesday) - in principle starting from Wednesday. Ho added

2019-nCoV to impact gaming operators’ cash flow

The local government’s protection measures against the 2019-nCoV outbreak will have a strong effect on Macau’s cash flow, a report by Fitch Ratings released today (Friday) says. The cash flow effect

Government extends gaming concessions for SJM and MGM China to 2022, casino shares jump on news

The Macau government has extended gaming concessions for MGM China and SJM Holdings until 2022, bringing them on par with other operators, local authorities announced early today (Friday). The government said

Sands-Macau dealmaker Suen settle 15-year case

LAS VEGAS (AP) — A settlement today (Macau time) ended a 15-year breach-of-contract battle between Las Vegas Sands Corp. and a Hong Kong businessman who helped the U.S. company open

Stanley Ho admitted to emergency room in HK – media report

Due to his fragile health condition Ho, 97, has been hospitalized with the report indicating that his health got worse at around 6:00 p.m. Friday. Despite initial treatment, some “organ

First Macau gaming revenue drop since 2016: China slowdown to blame

Monthly casino revenue in Macau fell for the first time in more than two years as China’s weakening economy kept high rollers away from the city, according to data published

Macau’s casinos face dimmer prospects for October Golden Week holiday

Macau’s casinos face dimmer prospects for the upcoming Golden Week holiday as the slowing Chinese economy and trade war with the U.S. hang over the world’s biggest gambling hub. About 40

Gaming revenue jumps 27.6 pct in April, beats forecast

Macau gambling revenue surged 27.6 percent last month and beat analyst forecasts, helped by solid demand from mainland Chinese punters, official data showed today (Tuesday). It's the 21st month of consecutive

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