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Results 1 - 10 of 603 for Macau

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  1. Business - Companies - EARNINGS

    Wynn Macau faces tough times as wages and resort design costs rise

    Posted Aug 21st 2014, 09:40am by TIFFANY AP

    ... times in store for Wynn Macau as wages rise Casino and hotel operator Wynn Macau reported flat interim results and faces a tough second half as rising wages and design costs for its new resort, ... for more free accommodation for VIP clients. On Wednesday, Wynn Macau also posted a statement to the stock exchange saying it would boost its Wynn Palace budget for design services to HK$156 ...

    http://www.scmp.com/business/companies/article/1578275/wynn-macau-first-half-profit-down-124pc
  2. 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
  3. Business - Money - EARNINGS

    Melco net income falls 20pc; Macau stocks hammered

    Posted Aug 08th 2014, 04:28am by Sophie Yu, Bloomberg

    ... Sophie Yu and Bloomberg sophie.yu@scmp.com Slower-than-expected growth in mass market gaming revenues for July sparks sell-off in sector Macau stocks take hit as Melco's net profit ... Revenue dropped 7 per cent to US$1.2 billion from US$1.3 billion, due to lower group-wide rolling chip revenues at its gaming facilities. "We believe that Macau remains the most exciting ...

    http://www.scmp.com/business/money/markets-investing/article/1568704/melco-net-income-falls-20pc-macau-stocks-hammered
  4. Business - Companies - TELECOMMUNICATIONS

    Citic Telecom gears up for Macau’s launch of 4G services next year

    Posted Aug 07th 2014, 06:55pm by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Citic Telecom International, a subsidiary of Hong Kong-based conglomerate Citic Pacific, is firming up its preparations for the Macau government’s much-anticipated launch of 4G mobile services next year. The company, which posted yesterday a 55 per cent decline in interim net profit, owns and operates Companhia de Telecomunicacoes de Macau (CTM), ...

    http://www.scmp.com/business/companies/article/1568421/citic-telecom-gears-macaus-launch-4g-services-next-year
  5. 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
  6. Business - Companies - MONEY MATTERS

    Odd silence as casino chips fall

    Posted May 02nd 2014, 11:52am by Shirley Yam

    ... fall on rumours of missing billions At the best of times, Macau's gaming stocks are not for the faint-hearted. But even by their standards, what happened last week was frightening. About ... between HK$8 billion and HK$10 billion. The same day, the Macau Daily Times reported that the wife of Cheong Chi-tai, an owner of listed junket company Neptune Group, had been detained by Hong ...

    http://www.scmp.com/business/companies/article/1502397/odd-silence-casino-chips-fall
  7. 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
  8. 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
  9. 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
  10. 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

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