Gaming | Melco Crown to delist from Hong Kong bourse on low trade volume

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

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 the territory. Macau’s Gaming Inspection

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 2013, operator data collected

Gaming | December expected to be the worst performing month of the year

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

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, along with a Chinese

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 operators traveled to

Gaming | VIP and junkets in ‘near broken’ state – Standard Chartered

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

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 that the VIP market

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 Xi Jinping escalates his

GAMING | Galaxy rises to a week high after posting Q3 revenue

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,

ANALYSIS | Gaming industry bound for worst streak amid austerity

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

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 on lavish spending. Total casino

Tam: Gaming slowdown ‘will continue for a period of time’

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

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 there are benefits brought

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 Crown contacted by the

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 wouldn’t give the billionaire

Gaming alert | Trump name coming off closed casino

Trump Entertainment Resorts began removing letters spelling out the Trump name on the casino’s exterior this week. Also, workers removed slot machines from the casino, which shut down on Sept.

Gaming | Industry sees no difference on first day of smoking ban

Additionally, a source from the gambling industry told the Times that they still cannot see any changes after the smoking ban was imposed. They believe that it will take some

Chui Sai On confirms changes to gov’t team for his next term

Speaking to reporters on the sidelines of a ceremony marking China’s National Day on Wednesday, Chui Sai On revealed that he has not yet gathered all of the secretaries’ for

Up in smoke | Tam says casino gaming revenue seen declining 13 pct

The city had set a record for tourist arrivals in August despite gaming revenue growth narrowing, according to the report posted yesterday on the website of the state-controlled television station.

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