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  • September 17, 2014
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  1. Business - China Business - GAMING

    Macau posts record gambling revenue for October

    Posted Nov 02nd 2012, 03:43am by Sophie Yu

    ... the sceptics wrong Gambling revenue in Macau rose 3.2 per cent last month year on year to a record high, buoyed by an eight-day National Day holiday during which mainland gamblers flocked to bet in the world's largest casino hub. October's revenue of 27.7 billion patacas was the strongest monthly figure in Macau's history, though the pace of growth was actually the second lowest ...

  2. Property - Hong Kong & China - MACAU

    US$50 million Macau fund injection shows confidence in city

    Posted Sep 19th 2012, 12:00am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Fund manager raises US$50 million capital injection for food, beverage and retail units as sales grow in a strong economy Macau investment reflects confident outlook for city Sniper Capital, a manager of real estate funds invested in Macau, is raising a capital injection for its fund that invests in the food and beverage industry and retail properties ...

  3. Business - Companies

    Galaxy benefits from woes hitting Macau casino rivals Sands and Wynn

    Posted Sep 21st 2012, 12:00am by Bloomberg

    ... Bloomberg Macau gaming firms Sands and Wynn troubled by USprobes and lawsuits Galaxy benefitsas woes hit rivals For casino mogul Sheldon Adelson, what happens in Macau does not always stay in Macau as US courts probe his operations in the world's biggest gaming hub. The scrutiny has investors favouring local rivals. Galaxy Entertainment Group, a Macau gaming operator owned ...

  4. Business - China Business - GAMING

    Sands gaming group to stake US$2.5 billion more on Macau

    Posted Sep 21st 2012, 12:00am by Sophie Yu

    ... Sophie Yu in Macau sophie.yu@scmp.com Gaming group plans further multibillion-dollar outlay to expand casino empire, following the opening of a new phase in Cotai Central project Sands to stake US$2.5 b on Macau Gaming mogul Sheldon Adelson's Las Vegas Sands plans to stake US$2.5 billion in new investment to expand its growing gambling empire in Macau. The new project, ...

  5. Macau's bet on non-gaming revenues slow to pay off

    Posted Jun 29th 2012, 12:00am

    ... closed doors in Beijing's Forbidden City. Next door at the Sands Macau, it's a different scene: noisy gamblers jostle to place their bets, with more people crowded around a single baccarat table than are taking in the museum's rare display. And so go Macau's efforts to diversify its gambling-dependent economy. In 2006, Beijing set a goal, as part of its 11th ...

  6. Business - Companies - MACAU

    Chinese Estates to seek compensation from Macau over La Scala land deal

    Posted Aug 16th 2012, 12:00am by Simpson Cheung

    ... Simpson Cheung and Yvonne Liu Chinese Estates will seek compensation from Macau government for invalidating La Scala land deal Developer to appeal voided sale Chinese Estates Holdings said it was determined to pursue compensation from the Macau government and the original owners of five plots of land that comprise its HK$20 billion La Scala residential project after the sale was voided amid ...

  7. Tables turning at Macau casinos

    Posted Aug 02nd 2012, 12:00am

    ... Sophie Yu sophie.yu@scmp.com Gaming revenue in Macau edged up 1.5 per cent in July, beating some predictions of a downturn on a year-on-year basis. But the growth is still the slowest since the global financial crisis in 2008-09. Gaming revenue last year in the former Portuguese colony totalled 268 billion patacas, making it the world's largest gambling hub. Macau ...

  8. Public projects get tiny slice of Macau's billions

    Posted Jul 29th 2012, 12:00am

    ... Jolie Ho jolie.ho@scmp.com Macau is raking in billions from its gambling boom- but only a tiny fraction of it is being invested in infrastructure. The government has ambitious plans ... for the year, earning almost 40 billion patacas more in taxes than it spent, against a target for the year of 36 billion patacas. Behind the glitzy skyscrapers and glamorous casinos, Macau has problems. ...

  9. Chips are down at Wynn Macau

    Posted Jul 19th 2012, 12:00am

    ... Sophie Yu sophie.yu@scmp.com Wynn Macau, the Hong Kong-listed unit of billionaire Steve Wynn's Las Vegas operation, reported a 7.1 per cent drop in second-quarter revenue as a slowing ... stock exchange. Wynn Macau announced last month that it would invest US$4 billion in a new project on the Cotai Strip, where it lacks a presence. The casino giant now operates a single high-end ...

  10. A wake-up call for Macau to diversify

    Posted Jul 29th 2012, 12:00am

    ... Macau needs law and order in its gaming industry, and not just because a recent outbreak of murderous violence has made it jittery, as we report today. The city's people depend ... interests for Macau to put its house in order. Mainland authorities, for example, would not welcome a gambling-related scandal involving prominent people in the sensitive period leading up ...




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