Tag: Gaming
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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 ... -
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 ... -
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 ... -
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) ... -
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 ... -
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 ... -
Stanley Ho admitted to emergency room in HK – media report
Stanley Ho has been reportedly admitted to the emergency room in the Hong Kong Sanatorium & Hospital at 9:00 p.m. yesterday (Friday) after his health condition ... -
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, ... -
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 ... -
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 ... -
Galaxy to buy Wynn stake in move that could reshape Macau
Galaxy Entertainment Group. Ltd. agreed to buy a stake in Wynn Resorts Ltd., in a surprise move linking two of the biggest operators in Macau and ... -
Breaking News: Wynn accused of rape in new police filings
LAS VEGAS — A woman told police she had a child with casino mogul Steve Wynn after he raped her, while another reported she was forced ... -
Breaking News: Steve Wynn resigns amid sex misconduct claims
Casino mogul Steve Wynn resigned today [Wednesday, Macau time] as chairman and CEO of Wynn Resorts amid sexual misconduct allegations. The Las Vegas-based company in a ... -
Wynn Resorts shaken by misconduct claims against founder
DAMIAN J. TROISE, NEW YORK (AP) Wynn Resorts is denying multiple allegations of sexual harassment and assault by founder Steve Wynn detailed in a Wall Street ... -
Baccarat binge helped launder the world’s biggest cyber-heist
For someone supposed to be laundering millions of dollars in stolen funds, with investigators from three countries scrambling to track the money, Ding Zhize was a surprisingly ... -
Q&A | Grant Bowie CEO, MGM: Event will have ‘activities year-long that celebrate different components of Macau’
Macau Daily Times (MDT) – Why does MGM want to be the title sponsor of the Trail- Hiker? Grant Bowie (GB) – I think this opportunity ... -
Up 7.4pct: Macau gaming revenue growth beats estimates as new resorts open in Cotai
Macau’s gaming revenue swelled more than estimated in September, with new casino projects from the local units of Las Vegas Sands Corp. and Wynn Resorts Ltd. ... -
Taipei police officers suspects in MOP1b investment scam involving Galaxy casino
A Taipei court this week ordered the city’s Investigation Bureau’s Office to pursue their probe into police officers in the Greater Taipei area who are potential suspects in ... -
Exclusive | Now you see Macau, now you don’t
Interviews with actors Lizzy Caplan, Jesse Eisenberg, director Jon M. Chu and producer Bobby Cohen DOWNLOAD PDF Extra 2575 – Exclusive | Now you ... -
Gaming: Mid-term report focused on need to diversify, regulate junkets
Secretary Lionel Leong (center) and Paulo Chan, Gaming commissioner (right) The report on the mid-term review of the city’s gaming industry was released today (Wednesday), ... -
Vertical and horizontal careers at Sands China | From dealer to handyman
Just ahead of Labor Day, Macau Daily Times was given a rare insight into what is going on behind those paper walls of Venice, Cotai – ... -
António Ramirez | ‘First we look at Sands, then Macau’
MDT – With new properties on the horizon, do you think there will be an HR war for local human capital? AR – Listen, the Macau ... -
Taiwanese businessman billions lawsuit against LVS is going to trial – Macau court
A Macau court has ruled that Asian American, a former business partner of Las Vegas Sands, can proceed with a lawsuit seeking billions of dollars in damages for ... -
Macau casino fortunes hit 5-year low, lead on Vegas narrows
(Bloomberg) — Macau casino revenue sunk to the lowest level in five years as Chinese high-rollers stayed away in 2015, narrowing the world’s largest gambling hub’s ... -
MDT INTERVIEW | SHELDON ADELSON: ‘My gaming license is a privilege, it’s not a right’
Sheldon Adelson, 82, is grateful to the MSAR because he understands that his license to operate here is “a privilege.” That is why he also plays ... -
Adelson sees Macau ‘at or near’ bottom of gambling downturn
Las Vegas casino billionaire Sheldon Adelson said he expects Macau’s economy and hard-hit casino industry, in the midst of an 18-month downturn, to start recovering next ... -
Gaming alert | Packer’s rising casino debt making bond market wary
Australian billionaire James Packer’s casino empire borrowings are rising too fast for some bond investors’ comfort. With Crown Resorts Ltd.’s debt pile swelling and profits down, ... -
Gaming | Slumping Macau calls in superheroes as graft fight hits casinos
Barely 10 years ago, Francis Lui and his family were building a relatively modest fortune largely from quarrying rock in Hong Kong and processing slag from ... -
Gaming | July GGR forecasts from MOP17.5b to MOP20b
Citing its local gaming sources, Nomura noted that daily gross gaming revenue (GGR) in the first five days of July totalled MOP609 million. The results were ... -
Gaming table cap should be revised, economist says
A local economist has said that, in light of the gaming revenue drop, the government should be flexible and allow operators to have more gaming tables ... -
Gaming | Operators bet USD27 billion on reversing law of supply and demand
Take a tour of south Macau and it’s hard to tell that the world’s biggest gambling hub is contracting. On a vast piece of reclaimed land, ... -
Gaming | Okada finds partner for Manila casino
Japanese gaming tycoon Kazuo Okada’s group may have finally found a local partner to start commercial operations of its USD2 billion casino-resort project along Manila Bay ... -
Gaming | Genting drops most since 2010 as China crackdown hurts earnings
Genting Singapore Plc slid the most in five years after reporting a 73 plunge in first-quarter profit as China’s anti-graft campaign kept mainland high rollers ... -
Gaming | Citi keeps May revenue forecast at MOP20.5b
Based on a report on the industry’s data, Citigroup has said that Macau’s gaming revenue for the first ten days of May reached MOP7 billion, while ...
