Tag: Gaming
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GAMING | Analysts forecast VIP segment rebound by Q3 next year
Analysts are forecasting a rebound of Macau’s VIP segment towards the third quarter of next year. Philip Tulk, director of equities research, at Standard Chartered, said ... -
GAMING | SJM sees China’s anti-graft fallout lasting 6 more months
SJM Holdings Ltd. Chief Executive Officer Ambrose So said he’s bearish about Macau gambling revenue from high rollers over the next six months as Chinese President ... -
GAMING | Galaxy rises to a week high after posting Q3 revenue
Galaxy Entertainment Group Ltd., controlled by billionaire Lui Che Woo, climbed to the highest level in a week after posting third-quarter revenue that showed resilience in ... -
ANALYSIS | Gaming industry bound for worst streak amid austerity
Macau’s casino industry is headed for its longest losing streak, facing months more of falling revenues as continued crackdowns against graft by the Chinese government prompt ... -
Gaming | Casino revenue plunges record 23 pct – it’s official
Macau’s casino revenue has had its largest decline since the city started monthly records in 2005, as China’s crusade against corruption prompted gamblers to cut back ... -
Tam: Gaming slowdown ‘will continue for a period of time’
Francis Tam revealed yesterday that gaming revenue in October has dropped by more than 20 percent compared to the same period in 2013. The Secretary of ... -
GAMING | Bowie predicts continued drop in October revenue figures
Grant Bowie predicts that Macau’s gaming revenue in October will continue to head south. Nevertheless, he has expressed his confidence in the city and suggested that ... -
GAMING ALERT | Slowdown expected to continue for 5th month
The gaming sector should see its revenues shrink for the fifth consecutive month in October. Sources linked to Sociedade de Jogos de Macau (SJM) and Melco ... -
GAMING ALERT | Billionaire: lawmaker ‘selling out’ Atlantic City
Carl Icahn accused New Jersey’s Senate president of “selling out” Atlantic City by considering casinos near New York City, while the legislative leader said the state ... -
Gaming alert | Trump name coming off closed casino
The Trump name is coming off the shuttered Trump Plaza casino in Atlantic City. Trump Entertainment Resorts began removing letters spelling out the Trump name on ... -
Gaming | Industry sees no difference on first day of smoking ban
The ban on smoking in casino mass areas came into effect at 12 a.m. yesterday. The Times spoke to a member of the gaming industry, as ... -
Chui Sai On confirms changes to gov’t team for his next term
Macau’s Chief Executive, Mr Chui Sai On, has confirmed changes to his team of secretaries when the new government takes office in late December. He did ... -
Up in smoke | Tam says casino gaming revenue seen declining 13 pct
Macau’s casino gaming revenue is expected to drop by 12 percent to 13 percent in September from a year earlier, TDM reported citing Secretary for Economy ... -
Gaming Alert Casino bill set to pass in Japan Lower House, lawmaker says
A Japanese lawmaker backing a bill to legalize casinos said he expects it to win lower-house approval next month and that the gambling resorts would be ... -
Gov’t and gaming operators discuss transportation for non-resident workers
DSAT is in conversations with the casino operators regarding the commute of non-resident workers (TNR) and construction workers on casino projects. The existence of these discussions ... -
GAMING | Further liberalization unlikely, expert says
As the Macau government prepares to commence talks on gaming concession renewal next year, David Green, gaming regulation expert and founder of Newpage Consulting, believes that ... -
GAMING | Labor leaders say police questioned them after protests
Three Macau labor leaders said they were questioned and warned of possible charges by police after participating in gaming workers protests. Macau Gaming Industry Frontline ... -
Fitch lowers gaming sector growth forecast
The forecast for growth in gross casino gaming revenues in Macau casinos has been revised by the credit rating agency Fitch Ratings, with forecasts now showing ... -
GAMING | Atlantic City casino revenues down 1.2 percent
Atlantic City’s casino revenue declined by 1.2 percent in August compared with a year ago as another gambling hall shut down at the end of the ... -
BRIEFS | SJM workers protest and MGM staff complain to DSAL
SJM staff are staging another protest tomorrow, with employees going on strike and handing in sick leave certificates, Portuguese newspaper Hoje Macau reported. Feiji Loi, from ... -
UM scholars call for long-term development plan
Ten scholars from the University of Macau (UM) held a seminar called “Policy Outlook for the Coming Government” at the Hengqin campus yesterday. They shared their ... -
GAMING | Single mom leads labor protests against casinos
Cloee Chao remembers when she first decided to challenge the billionaires of the world’s largest gambling hub. The 34-year-old single mother of two was working in ... -
Raising the region’s visibility through entertainment
As a next wave of Cotai resorts is being shaped, various operators are looking to expand their non-gaming offering by providing arenas and theatres, trying to ... -
SSM receives smoking room floor plans from 39 casinos
In a press release, the Health Bureau (SSM) said that as of September 1, 39 casinos have submitted their final drafts of floor plans that will ... -
First protest against all gaming operators, FMG announces industrial action targeting SJM
The local casino employees’ group, the Forefront of Macau Gaming (FMG), has decided to launch industrial action against local casino operator SJM after rallying, for the ... -
STATISTICS | Average salary for gaming sector workers above MOP20K
At the end of the second quarter of 2014, the gaming sector had 57,550 workers, up by 3.5 percent year-on-year, among which 25,783 were dealers. According ... -
The sole candidate on the campaign trail | Chui quizzed on gaming industry development
Electoral College members questioned Chui Sai On about the future development of the gaming industry, along with its subsequent impact on Macau’s labor force, during a ... -
GAMING | MGM Resorts, Kerkorian settle claim over convicted director
MGM Resorts International and billionaire Kirk Kerkorian’s investment arm paid USD225,000 to settle New Jersey claims they let a former board member continue to work with ... -
Galaxy to add 8,000 jobs for new casino, earnings top estimates
Galaxy Entertainment Group Ltd., the Macau casino operator that made Lui Che Woo a billionaire, will increase its workforce by 50 percent to staff a new ... -
SJM interim results show increase in mass market revenue
SJM Holdings has released its 2014 interim results, which show that the group’s mass market table gaming revenue has increased 29.1 percent in the first half ... -
Gaming | Forefront: ‘We didn’t mean to target foreign operators’
The Forefront of Macau Gaming (FMG) has said that further protests targeting other gaming operators will be held depending on whether staff want similar campaigns to ... -
11 individuals charged with computer fraud released on bail
The Public Prosecutions Office (MP) has granted bail to 11 individuals who were allegedly involved in a computer fraud scam at a local casino. Other measures ... -
GAMING | Packer’s USD4b Vegas bet fuels Crown risk
The last time billionaire James Packer bet on Las Vegas’s casino industry he lost A$1.37 billion (USD1.28 billion). Bond risk on his Crown Resorts Ltd. has ... -
Analysis | Gaming sector labor strains set to intensify
While Macau rushes to build eight more resorts, labor strains are set to intensify, with casino workers demanding higher salaries and threatening to strike, Reuters has ... -
Survey says gaming service improved in Q2
The Gaming Service Index (GSI) released its mid-term report yesterday. Results showed that the quality of service in Macau’s gaming industry is on the rise. The ...
