• Thursday
  • October 23, 2014
  • Last updated: 10:11pm
Hong Kong




Refine Your Search

Sort by

Search Results

Results 1 - 10 of 72 for casino

Related topics matching your search

Search results

  1. Wynn casino resort to cost US$4b

    Posted Jun 06th 2012, 12:00am

    ... Sophie Yu sophie.yu@scmp.com US casino magnate Steve Wynn said yesterday that his new Cotai casino resort in Macau would cost US$4 billion to build. Approval for a 51-acre site at Cotai was awarded to Wynn early last month. The casino giant currently operates a single high-end property, which opened in 2006, on the Macau peninsula but Cotai is fast becoming the city's new gaming ...

  2. Macau casinos still on a hot streak

    Posted Oct 21st 2011, 12:00am

    ... Neil Gough neil.gough@scmp.com Casino developer Steve Wynn says there are no signs yet that Macau's high-stakes gambling volumes are being hit by the broader economic slowdown ... at his 1,000-room, two-tower Macau casino resort rose to a fresh record during the 'golden week' holiday at the start of the month. In the first 18 days of October, Wynn Macau's ...

  3. Casinos relying more on junkets

    Posted Jul 18th 2011, 12:00am

    ... Neil Gough neil.gough@scmp.com Macau's booming casinos are now more reliant on VIP gambling junkets and their high-rolling customers than at any point during the last six years, data released yesterday shows. The city's 34 casinos booked a record 74 per cent of their gambling revenue from the high-stakes VIP segment in the second quarter, more than at any time since ...

  4. Macau casinos face 2020 licence expiry

    Posted Jun 13th 2011, 12:00am

    ... the inevitable question of what happens when the first of Macau's six casino licences, or concessions, begin to expire on March 31, 2020. Will all six be renewed? Will the government exercise its right to take over ownership of casino assets? Will operators be hit with tax increases or other new fees? Will new bidders be allowed into the market? 'The short answer is we do ...

  5. Macau casino operators look set to pull aces for rest of year

    Posted Sep 07th 2009, 12:00am by Staff Reporter

    ... Neil Gough After a losing streak that lasted nearly a year, Macau is once again heating up and casino operators there look set to pull a number of aces from their sleeves in the remaining months of the year. Casino revenue soared 17.2 per cent from a year earlier to 11.27 billion patacas last month- the city's single biggest monthly takings ever. Macau's bumper haul ...

  6. Officials prepare to move on casinos commission cap

    Posted Aug 07th 2009, 12:00am by Fox Yi Hu

    ... on the commissions casinos pay to junket agents. Executive Council spokesman Tong Chi-kin said that in light of the increasingly heated commission war among casinos it was necessary for the government ... middlemen who bring high-rollers to casinos, issue them credit for gambling and collect their debts. In exchange, they are paid a commission that, at the high end, can equal 1.35 per cent of VIP ...

  7. Macau casino revenue declines to 7.65b patacas

    Posted Jan 03rd 2009, 12:00am by Staff Reporter

    ... Neil Gough Macau's losing streak continued last month as casino revenues fell for the third month in four, declining 5.8 per cent from a year ago to 7.65 billion patacas. The tally ... crackdown on mainland visitation to the city has combined with a credit crunch among the VIP junket agents who lend money to high rollers, bringing growth in Macau's once-booming casino ...

  8. Macau casino takings growth seen easing to 8.6pc

    Posted Jun 19th 2008, 12:00am by Staff Reporter

    ... Neil Gough The fast growth of casino revenues in Macau is expected to slow progressively and drop to a modest 8.56 per cent annual rate by 2012, data released yesterday by global ... survey of entertainment and media industries released yesterday, predicts Macau's 47 per cent growth in casino revenues last year will not be repeated. Gross gaming revenue in the first five ...

  9. Casino take rises despite mainland travel restraints

    Posted Jul 03rd 2008, 12:00am by Staff Reporter

    ... Neil Gough Macau casino revenue surged 69.78 per cent last month to 9.78 billion patacas, the third-largest monthly haul on record, apparently shaking off the effects of new mainland restrictions on travel to the enclave that were launched in June. The June casino revenue, according to unofficial figures reported in the press yesterday, compare with a relatively soft 5.76 billion ...

  10. Battle for high rollers to hit casino margins

    Posted Mar 25th 2008, 12:00am by Staff Reporter

    ... Neil Gough Macau casino operators have kicked off the year with a price war and the most likely loser in a battle for share in the high rollers' market will be profit margins. ... the property is now 'the busiest casino in the world in terms of betting volume'. Melco PBL managed its dramatic market share increase by agreeing to pay up to 1.35 per cent of VIP gambling ...




SCMP.com Account