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  • August 21, 2014
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  1. Business - Companies - EARNINGS

    Sands faces headwinds after record first half

    Posted Aug 15th 2014, 04:34pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Macau casino operator reports 35.7 per cent jump in first-half earnings, but sharp fall in mass gaming and hotel project delay cloud prospects Sands faces headwinds after record profit A record-breaking first half for Macau casino operator Sands China could mask the risk of a sudden slowdown in the second half of the year as the mass gaming segment ...

  2. Business - Money - EARNINGS

    Melco net income falls 20pc; Macau stocks hammered

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

    ... drops 20pc Casino and entertainment resort operator Melco Crown Entertainment said yesterday its second-quarter unaudited net income fell over 20 per cent to US$143.6 million from a year ago. ... said in its quarterly earnings report. Separately, Wynn Macau and Galaxy Entertainment Group led declines in Macau casino stocks after the world's largest gaming hub posted the weakest ...

  3. Business - Companies - EARNINGS

    Galaxy Entertainment beats analyst expectations in second quarter

    Posted Aug 19th 2014, 03:08pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Galaxy beats estimates for quarter but view clouded Macau casino operator Galaxy Entertainment Group saw its second-quarter earnings before interest, taxes, depreciation and amortisation jump 15 per cent year on year to HK$3.5 billion, beating market expectations as the company expressed confidence the mass segment would rebound in the coming months. ...

  4. Business - China Business - EARNINGS

    MGM China reports 23pc rise in net profit

    Posted Aug 06th 2014, 10:28am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Macau casino operator MGM China posted a 23 per cent rise in year-on-year net profit during the six months ended June 30, driven by strong growth in the mass market segment. Net profit reached HK$3.04 billion, while revenue increased 12 per cent to HK$13.7 billion. The company, which is 51 per cent owned by US-listed MGM Resorts International, ...

  5. Business - Companies - EARNINGS

    Casino revamps hold back profits at SJM

    Posted Nov 12th 2013, 03:30am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Disruptions and additional staff costs at Macau operator among factors that lead to 10pc profit growth for third quarter, falling short of forecasts Casino revamps hold back profits at SJM Macau casino operator SJM's third-quarter profit grew 10.3 per cent year on year to HK$1.82 billion, the company said yesterday, but the numbers were shy ...

  6. Business - Companies - EARNINGS

    Mass-market gamblers boost Sands China profit

    Posted Apr 26th 2014, 01:21am by BLOOM

    ... Bloomberg Mass-market gamblers drive Sands China profit Sands China, the Macau casino operator controlled by Sheldon Adelson, posted a 50 per cent gain in first-quarter profit as its resorts drew more mass-market gamblers in the world's biggest casino market. Adjusted property earnings before interest, taxes, depreciation and amortisation at the Hong Kong-listed unit ...

  7. Business - Companies - EARNINGS

    SJM shares fall to eight-month low after revenue misses estimates

    Posted May 14th 2014, 01:20am by BLOOM

    ... Bloomberg SJM shares hit 8-month low after missing estimates SJM, Asia's largest casino operator by revenue, saw its shares drop to the lowest level in eight months after posting ... year. Competition is intensifying for the owner of the Grand Lisboa casino in Macau's city centre as operators including Sands China and Galaxy Entertainment lured gamblers with shopping, ...

  8. Business - Companies - EARNINGS

    Jeweller Luk Fook posts record profit of HK$1.86b after gold binge

    Posted Jun 27th 2014, 01:04am by TIFFANY AP

    ... worldwide- and is waiting for a new batch of casino resorts to open. In March, the group had 1,268 shops globally, including 45 in Hong Kong, 10 in Macau and 1,208 on the mainland. Although ...

  9. Business - Companies - EARNINGS

    Sands share of Macau revenue rises to 19pc

    Posted Nov 03rd 2012, 12:00am by Toh Han Shih

    ... hotel rooms and two casinos in Macau. "We will open 2,000 new hotel rooms in January 2013. That's growth," he said. Sands has submitted plans for its Parisian Macao hotel casino ... For the third quarter, JP Morgan had forecast all Macau casino operators would experience zero overall growth on average, which means Sands has gained market share in that quarter. Sands' ebitda ...

  10. Business - Companies - EARNINGS

    Wynn Macau outlook dims after strong results

    Posted Feb 05th 2014, 05:37am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Wynn Macau outlook dims after strong results Casino operator Wynn Macau's fourth-quarter results beat analyst expectations but its growth will see some ... resources to squeeze out more revenue from the existing asset base, its growth could be constrained by its limited capacity," said BNP Paribas analyst D.S. Kim. The casino operator said ...




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