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  1. Market gamblers caught short by casinos' rebound

    Posted Oct 07th 2011, 12:00am

    ... sellers who bet against shares of Macau casino operators amid the massive rout that began last Friday paid the price yesterday, as gaming stocks rebounded across the board by 15 to 26 per cent. The rally brought an abrupt end to the sell-down that erased 30 per cent, or HK$135.5 billion, of the market value of the six companies licensed to operate casinos in Macau. For short sellers- who ...

  2. Sands income up on V.I.P. junkets

    Posted Jul 28th 2011, 12:00am

    ... in the Macau casino company, owned by Las Vegas-based Sheldon Adelson, yesterday rose 9.9 per cent to close at HK$23.40- their biggest one-day increase since the company's inception in 2009- after ... Quarterly statistics from the Gaming Inspection and Co-ordination Bureau show 74 per cent of the gambling revenue of Macau's 34 casinos came from the high-rolling VIP customers, who are mainly ...

  3. Casino giant after cash to plug the gaps

    Posted Aug 01st 2009, 12:00am by Naomi Rovnick

    ... Naomi Rovnick and Neil Gough Debt-laden casino operator Las Vegas Sands is trying to raise US$400 million in short-term funding to help fend off a cash crunch and potentially restart ... sale documents said. The funds are being offered such a high return because lending to the already very indebted Sands is a gamble. The casino operator owes US$10.8 billion to its banks, ...

  4. Casino revenue falls despite holiday splurge

    Posted Feb 04th 2009, 12:00am by Staff Reporter

    ... Neil Gough Macau casinos appear to have booked a stellar 1.4 billion patacas to 1.6 billion patacas in revenue in the final three days of January, but monthly figures are down sharply ... but still down 17 per cent from record-setting casino winnings a year earlier. The provisional data by Portuguese news agency Lusa follows a report last week by government-owned broadcaster TDM ...

  5. Casinos coming up short

    Posted Oct 10th 2008, 12:00am by Staff Reporter

    ... Neil Gough takes an eye-in-the-sky view of the growing casino trade You know the financial crisis has really turned things upside-down when casino owners start objecting to gamblers ... people's bets,' Mr Adelson said, speaking from in front of the Venetian Las Vegas. 'It's pure gambling. You might as well come into our casino over here and play at the craps tables. ...

  6. Stock market slump no surprise in China's 'big casino'

    Posted Feb 01st 2007, 12:00am by Tom Holland

    ... in 2001 when Wu Jinglian, economic adviser to premier Zhu Rongji, famously dismissed them as nothing more than 'a big casino'. Sure, enormous strides have been taken to improve ... is impossible. As a result, resources get misallocated and asset prices alternatively soar and plunge. In short, the markets are a casino. Changing this will take time. China's banking system ...

  7. Casino habit hits early

    Posted Jul 04th 2006, 12:00am by Fox Yi Hu

    ... Fox Yi Hu While casinos are bringing enormous wealth to Macau, they have also increased the risk of teenagers becoming gambling addicts. Critics warn that young people may lower their psychological defences against gambling as casinos become more and more widespread. 'Globally, the gambling population is becoming younger and younger, due to the young generation's easy ...

  8. CAMC wild ride shows Shenzhen almost like a casino

    Posted Jun 28th 2006, 12:00am by Tom Holland

    ... from the Shenzhen exchange. Plainly, for all the reform efforts of the last year, the Shenzhen exchange remains little better than a casino. A few fortunate or well-connected speculators stand ...

  9. Macau casino ready to bank on newcomer

    Posted Apr 23rd 2005, 12:00am by Staff Reporter

    ... Susie Gyopos A call has gone out to all those who understand the ins and outs of benefits programmes, life insurance and Macau labour law. A deluxe casino and entertainment property is inviting high-calibre personnel to apply for the position of compensation and benefits manager. A major player in the restructuring of the modern Macau entertainment industry, the Sands is looking ...

  10. Events

    Posted Oct 20th 2009, 12:00am by Staff Reporter

    ... Today: British Chamber of Commerce luncheon: 'Establishing a business in Hong Kong'. British Consulate-General. American Chamber of Commerce luncheon: 'The changing landscape of US financial regulation and reforms'. Renaissance Harbour ...




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