FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,
David Group, a Macau junket operator that serves higher-spending casino customers, is closing some rooms in the city and expanding into other Asian countries as China’s anti-graft drive reduces customer
Sands China CEO and president Edward Tracy has announced his retirement today after almost five years running LVS' most lucrative gaming operation and amid Macau’s worst downturn on record. “Mr. Tracy
Credit Lyonnais Securities Asia’s (CLSA) regional head of consumer and gaming research Aaron Fischer says that 2015 will be another “tough year” for Macau, with the gross gaming revenue (GGR)
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 casino workers’ union affiliated
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 VIP rooms will not
The company, which also trades on the Nasdaq Stock Market, hasn’t found opportunities to raise additional funds in Hong Kong since listing there in 2011, it said in a statement
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 the territory. Macau’s Gaming Inspection
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 2013, operator data collected
Lusa compiled data obtained amongst gaming operators indicating that gaming revenue up to 15 December totaled 11.2 billion. Taking that amount as a strong indicator, the Portuguese news agency predicts
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, along with a Chinese
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 operators traveled to
According to the UK-based bank, junkets are facing heavy tightness in funding and liquidity that has prevented them from obtaining any sort of capital. Without capital, these same junkets are
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 that the VIP market
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 Xi Jinping escalates his
Galaxy rose 2.5 percent to close at HKD52.35 in Hong Kong, a price it last reached Nov. 4. The benchmark Hang Seng Index gained 0.3 percent. Adjusted earnings before interest, taxes,
A two-year campaign on corruption has discouraged China’s high-rollers from ostentatious displays of wealth in Macau, the only place in the country where casinos are legal. The industry could be
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 on lavish spending. Total casino
Mr Tam said on the sidelines of the Luso International Bank 40th anniversary celebration yesterday that the monthly gross gaming revenue in October fell by more than 20 percent. “The
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 there are benefits brought
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 Crown contacted by the
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