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  • August 23, 2014
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  1. Business - China Business - GAMING

    Macau casinos grapple with slowing revenue and unexpected staff costs

    Posted Aug 09th 2014, 04:10am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Costs, slowing revenue hurt casinos Macau casino operators are in a downturn as they grapple with slowing revenue and rising labour costs in the second ... Pak-yuen, Macau's secretary for economy and finance. Tam also expected only single-digit growth for the sector this year as it transitioned to a stable phase and grew from an already high base. ...

    http://www.scmp.com/business/china-business/article/1569580/macau-casinos-grapple-slowing-revenue-and-unexpected-staff
  2. Business - Economy - GAMING

    Macau's gambling industry enters 'stable' phase, says top official

    Posted Aug 02nd 2014, 01:30am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Industry to see single-digit growth in 'stable' phase Macau's gaming industry will see single-digit growth this year and is entering a "stable" phase, the city's secretary for economy and finance, Francis Tam Pak-yuen, said. Tam's comments were posted yesterday on the Macau government website as the city's gaming ...

    http://www.scmp.com/business/economy/article/1564530/macaus-gambling-industry-enters-stable-phase-says-top-official
  3. Business - Companies - GAMING

    Sands China profit hit by rising costs for Macau casino staff

    Posted Jul 18th 2014, 02:57am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Sands profit hit by rising costs of Macau casino staff Macau casino operator Sands China fell 1.24 per cent after the firm reported second-quarter results ... also declined, with Wynn Macau dropping 2.52 per cent, followed by MGM China falling 2.03 per cent and Galaxy down 1.2 per cent at yesterday's trading close. The Hang Seng Index eased ...

    http://www.scmp.com/business/companies/article/1555920/sands-china-profit-hit-rising-costs-macau-casino-staff
  4. Business - Companies - GAMING

    Weak VIP growth squeezes casino revenues in Macau

    Posted Jul 16th 2014, 01:15am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Analysts downgrade expectations for growth this year, but look to pick-up from new venues Weak VIP growth squeezes Macau casino revenues Fitch Ratings and Barclays cut their estimates for full-year gaming revenue growth in Macau to 10 per cent yesterday due to weakness in the VIP segment of the market. Fitch had previously forecast full-year growth ...

    http://www.scmp.com/business/companies/article/1555035/weak-vip-growth-squeezes-casino-revenues-macau
  5. Business - Companies - GAMING

    Macau under threat as mainland China gamblers cut spending

    Posted Jul 09th 2014, 05:19am by Bloomberg

    ... Bloomberg Gambling hub needs to broaden appeal as mainlanders bet less amid cooling economy and corruption crackdown, says casino boss Macau urged to diversify from gambling roots Macau ... roots. Pansy Ho Chiu-king, co-chairman of MGM China, said the economic slowdown and “the fact that … foreign destinations might become competitors” were the biggest risks to Macau’s growth. ...

    http://www.scmp.com/business/companies/article/1550040/macau-under-threat-mainland-china-gamblers-cut-spending
  6. Business - Money - GAMING

    Macau casinos feel heat of World Cup fever as gamblers bet elsewhere

    Posted Jul 01st 2014, 11:38pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Macau gaming revenues see first decline in five years as gamblers turn attention to soccer and authorities tighten restrictions on visitors Casinos feel heat of World Cup fever World Cup betting dented Macau's gaming intake last month, with gross revenue dropping 3.7 per cent year on year to 27 billion patacas, the first decline in five years, ...

    http://www.scmp.com/business/money/article/1544523/macau-casinos-feel-heat-world-cup-fever-gamblers-bet-elsewhere
  7. Business - Companies - GAMING

    Tony Fung gambles A$8.5b on Macau-like gambling resort in Cairns

    Posted Jun 06th 2014, 12:38am by BLOOM

    ... Macau in Cairns Cairns was once a stop on the hippy trail and is now a popular destination for backpackers and diving enthusiasts. By 2019, Tony Fung Wing-cheung predicts it will be a gambling destination to rival Macau. The Hong Kong property developer last week won early-stage government backing for his plans to build an A$8.15 billion (HK$58.6 billion) casino resort on a former sugarcane ...

    http://www.scmp.com/business/companies/article/1526213/tony-fung-gambles-a85b-macau-gambling-resort-cairns
  8. Business - Companies - GAMING

    Share prices of Macau casino operators fall after bad month

    Posted Jun 04th 2014, 05:08am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Macau casinos' share prices fall after bad month The month of May was less than merry for Macau as gross gaming revenue reached just 32.4 billion ... dropped 1.42 per cent, Wynn Macau fell 1.24 per cent and MGM ended the month down 0.56 per cent. Analysts said the drop-off was likely because of a slowing VIP gaming segment, but said mass-market ...

    http://www.scmp.com/business/companies/article/1524849/share-prices-macau-casino-operators-fall-after-bad-month
  9. Business - Companies - GAMING

    Galaxy Entertainment earnings surge as Chinese descend on Macau

    Posted May 21st 2014, 01:11am by BLOOM

    ... Bloomberg Galaxy earnings surge as Chinese descend on Macau Galaxy Entertainment Group reported a 38 per cent increase in first-quarter earnings as the Macau casino operator with the most ... for "mass-premium" gamblers after adding shopping centres, cinemas and restaurants at their resorts in Macau's Cotai area, Asia's answer to the Las Vegas Strip. An improved rail connection ...

    http://www.scmp.com/business/companies/article/1516790/galaxy-entertainment-earnings-surge-chinese-descend-macau
  10. News - China Insider - GAMING

    'Give us a Chinese-language version of Pokémon', China's passionate gamers proclaim

    Posted Aug 19th 2014, 07:13pm by Jeremy Blum

    ... encounters and smiles around our world”. The petition goes on to address a harsh reality, explaining that even though Pokémon is a well-known franchise in mainland China, Hong Kong, Macau and Taiwan, ...

    http://www.scmp.com/news/china-insider/article/1576999/give-us-chinese-language-version-pokemon-chinas-passionate-gamers

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