SJM interim results show increase in mass market revenue

The group’s net profit has increased by 1.9 percent to HKD3.9 billion. SJM’s gaming revenue and adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) also rose by 4.7 and

Gaming | Forefront: ‘We didn’t mean to target foreign operators’

He told the Times that to date they had only targeted Sands China and Galaxy Entertainment Group as staff from both companies had voiced their concerns to the union. “Staff

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 implemented include banning the

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 risen to a five-month

Analysis | Gaming sector labor strains set to intensify

Las Vegas Sands and Wynn Resorts together reported labor compensation costs of USD50 million in their Macau casinos last quarter. Casino industry analysts believe that another four operators (Galaxy Entertainment, MGM

Survey says gaming service improved in Q2

The survey was launched by the Macau Gaming Research Association and was conducted by SGS Hong Kong Ltd. Representatives from eleven casinos belonging to the region’s six gaming operators joined the

GAMING | FMG hands petition to Galaxy, demands adjustment in salary scheme

FMG claimed that more than 500 people came and supported the group’s action. FMG president Ieong Man Teng stated that more actions will follow if GEG fail to provide an

GAMING | Chinese developers invest in overseas casino projects

GAMING Chinese developers invest in overseas casino projects Facing a drop in profits in their home market, Chinese real estate companies are trying to participate in overseas casino projects, according to a

ADVERTORIAL| EXECUTIVES TO CLASH IN CHARITY FIGHT AT THE VENETIAN MACAO: The white-collar shade of boxing

busters “Million Dollar Baby” and “Cinderella Man” if you still don’t get it. Now the world’s fastest growing corporate contact sport comes to town. It will debut in Macau with

HK stocks retreat as gaming shares, developers decline

Kana Nishizawa Hong Kong stocks fell, with the benchmark index declining the most in two weeks, as casino operators and developers slumped. Global Brands Group Holding Ltd. debuted after its spinoff

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