FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,
Gross gaming revenue in the world’s largest gambling hub dropped to MOP19.2 billion (USD2.4 billion) last month, the 11th straight month of decline, according to data released yesterday by Macau’s
Macau’s casino shares rose in Hong Kong trading on signs that the industry’s slump is approaching a bottom. Wynn Macau Ltd. rose 4.8 percent to HKD16.54 by the close of trading,
“The new Foundation Acceleration Program is planned and structured to develop our current local management employees’ understanding of business operations, as well as their business perspective beyond the functional view.
The secretary pledged to improve communication with unions to make sure that workers’ rights and interests have been adequately enforced. He also recalled during the meeting that gaming operators’ commitment
Macau’s gross gaming revenue may drop by over 30 percent year-on-year with some gaming operators even forecasting a 40-percent decrease, data compiled by Lusa news agency shows. According to these
Iao Kun Group Holding Company Limited (IKGH) yesterday announced that it has entered into a non-binding memorandum of understanding to acquire all of the profit interests of Mr Lou Kan
Melco Crown Entertainment Limited has announced a five percent pay increase for all eligible non-management employees, effective from the first pay period in April 2015. In a press release yesterday,
Local casinos are expected to close in March with a year-on-year revenue drop of at least 35 percent, with one gaming operator even expecting a fall of over 40 percent. However,
Unlike other rating agencies, Fitch Ratings is still optimistic about Macau’s long-term business future, saying that business should pick up in the second half of the year. “While the recent
Macau gaming revenue almost halved in February as a crackdown on corruption in China kept high-stakes gamblers away during the peak Lunar New Year holiday period. Gross gaming revenue in the
Referring to its sources, Citi Research has indicated that Macau’s table Gross Gaming Revenue (GGR) for the first 23 days of February reached MOP13.3bn (or MOP14.0bn, including an estimated MOP700m
Bloomberg has related the slump to statements made by the Secretary for Social Affairs and Culture hinting at restrictions on mainland Chinese tourists to ease overcrowding. Alexis Tam has said that
First published by the Cornell Hospitality Quarterly, and reviewed yesterday by Hospitality Net, the article focuses on observations made by gaming operator staff on variations in behavior between gamblers from
Three of Portugal’s most emblematic casinos (Casino Estoril, Casino Lisboa and Casino da Póvoa de Varzim) are managed by Estoril-Sol, a company chaired by Stanley Ho. The Macau tycoon is
The loss widened to 70 cents a share from 12 cents a year earlier, the Las Vegas-based company said Tuesday in a statement. MGM China revenue decreased 22 percent, driven
Most of the 12-story Clarion casino-hotel crumbled in a pre-dawn demolition designed to clear the site off the Strip and near the Las Vegas Convention Center for new construction. But despite
Paradise Co., South Korea’s largest operator of casinos for foreigners, is increasing gambling space to cater for a boom in Chinese visitors, even as China cracks down on foreign casinos
The selection of investors for the Van Don airport and an integrated casino and resort complex in the northern province of Quang Ninh is nearing its conclusion, as the local
VIP and premium players are staying “below the radar” until the Chinese government levels off its current crackdown on corruption, according to Sheldon Adelson, chairman and CEO of Las Vegas
David Group is shutting three of its seven rooms that cater to high rollers at casinos in Macau, it said in a Jan. 17 statement. The company, which runs rooms
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