Tag: Gaming
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GAMING | FOAM calls for gov’t to intervene in casinos’ unpaid leave schemes
Amidst the continuous plunge of Macau’s gaming revenue, two casino operators have allegedly offered employees unpaid leave for as long as one year. According to a ... -
GAMING | More VIP room closures ‘not surprising’
The junket operators are among the most affected in the midst of Macau’s gaming revenue slump. Analysts and industry insiders predict that more junket operators and ... -
Gaming | Melco Crown to delist from Hong Kong bourse on low trade volume
Melco Crown Entertainment Ltd., the Macau casino operator controlled by Lawrence Ho and Australian billionaire James Packer, said it will delist from the Hong Kong stock ... -
GAMING | Macau increases scrutiny over junkets
Macau’s gambling regulator tightened its assessment of agents who bring in high rollers to its casinos, as the Chinese government heightened control over money flow into ... -
Breaking News: Casinos 30pct down in December, 2.5pct over the year – report
Macau’s casinos are going to end December with a year-on-year fall of somewhere between 30% and 32% and an annual drop of about 2.5% compared with ... -
Gaming | December expected to be the worst performing month of the year
Gaming operators are expected to end the month with a 30 percent year-on-year drop in gross revenue. If the estimate made yesterday by Lusa news agency ... -
Gaming | Analysts dismiss ‘transit visa panic’ concerns
A “transit visa panic” has been gripping Macau investors, according to a report published by Forbes yesterday. “Reports last week of tightened restrictions on transit visas, ... -
15th MSAR anniversary in Beijing | Gaming operators willing to ‘help diversify’ local economy
Gaming operators highlighted Macau’s exponential growth over the past fifteen years, but believe that efforts toward diversifying the MSAR’s economy are now crucial. Representatives of various ... -
Gaming | VIP and junkets in ‘near broken’ state – Standard Chartered
Standard Chartered has said that Macau’s VIP and junket models, which steered the city’s massive growth in revenue, is in a “near broken” state and that ... -
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 ...
