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  • September 22, 2014
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Results 1 - 10 of 616 for Macau

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  1. Business - China Business - GAMING

    China's high rollers heading to overseas casinos instead of Macau

    Posted Sep 18th 2014, 05:57am by Bloomberg

    ... Bloomberg Big-spending gamblers are avoiding Macau in favour of other Asian destinations and Las Vegas as Beijing's anti-graft campaign continues China's high rollers heading overseas China's high-spending gamblers are looking to bet outside Macau amid a government assault on corruption and extravagance, and that is boosting casinos from the Philippines to the Las ...

    http://www.scmp.com/business/china-business/article/1594952/chinas-high-rollers-heading-overseas-casinos-instead-macau
  2. Business - Companies - EQUITIES

    Macau casinos suffer third straight month of falling revenue

    Posted Sep 01st 2014, 11:32am by Ray Chan

    ... Ray Chan ray.utchan@scmp.com Revenue drops for the third straight month as high-rolling mainland gamblers hold back Rapid fall in Macau casino market Gambling revenue in Macau ... in Macau gaming stocks was partly owing to a disappointing reading of China's purchasing managers' index in August, cementing worries over the health of the world's second-largest ...

    http://www.scmp.com/business/companies/article/1582823/shares-casino-giants-fall-macau-gaming-data
  3. 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
  4. 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
  5. 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
  6. 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
  7. 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
  8. 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
  9. Business - Companies - PROPERTY

    Chinese Estates to sell two properties to Joseph Lau

    Posted Sep 02nd 2014, 10:12am by Ray Chan

    ... and Macau for up to HK$16.3 billion in a bid to remove uncertainties hanging over the company from its legal tussle with the Macau government. As part of this deal, Lau will buy a wholly owned subsidiary of Chinese Estates that owns a commercial property at Silvercord, 30 Canton Road in Tsim Sha Tsui, and the La Scala luxury residential development in Macau. The Tsim Sha Tsui property ...

    http://www.scmp.com/business/companies/article/1583497/chinese-estates-sell-la-scala-assets-hk14b
  10. 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

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