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  1. News - China - TAIWAN

    Taiwan probes illegal money transfer for Macau casinos

    Posted Jan 10th 2013, 05:14pm by AFP

    ... in Macau casinos, circumventing strict forex rules. The company, which opened in Taiwan in 2009, allegedly accepted deposits by Taiwanese gamblers allowing them to withdraw the money once they were ... reportedly also offered cash advances to entertainers, elected officials, business tycoons and leading gangsters to help promote business for the Macau casinos. As there currently is no legal casino ...

  2. Business - Companies - CASINOS

    Mainland gamblers, new casino underpin solid profit rise at Galaxy

    Posted Aug 27th 2012, 05:07pm

    ... Macau casino operator Galaxy Entertainment, posted a forecast-beating nine-fold rise in half-year net profit, boosted by a new casino and a steady flow of Chinese visitors keen to try ... Galaxy is seen as better placed to weather any drop-off as it owns the newest resort on Macau’s glitzy Cotai casino strip. Galaxy, a US$12 billion company controlled by Hong Kong property ...

  3. Casino ban seen as raw deal for young

    Posted Aug 12th 2012, 12:00am

    ... Jolie Ho in Macau jolie.ho@scmp.com A law banning under-21s from casinos in Macau has stirred a fierce debate among academics and workers' associations in the city. The new rule, ... fast-growing economy. But opponents say young workers denied the chance of high-earning jobs in casinos will struggle. Leong Sun-iok, vice-president of the Macau Gaming Industry Labourers Association, ...

  4. Galaxy Macau casino bets reap big payout

    Posted Mar 16th 2012, 12:00am

    ... Charlotte So charlotte.so@scmp.com Galaxy Entertainment has kicked off work on the extension of its Cotai Strip casino resort in Macau with expectations the 2,200-room property, which opened in May last year, will return its investment in less than four years. That will make it one of the highest-margin casinos in the world. The casino developer yesterday reported net profit ...

  5. Gamblers drugged, robbed in fake casinos

    Posted Feb 14th 2012, 12:00am

    ... into fake casinos. One gambler was cheated out of 10 million patacas (HK$ 9.5 million), but police have yet to determine how many victims were involved and how much had been lost. Officers seized ... times since March 2010 and they would work for two to three days at a time. The fake chips were printed with the logos of several Macau casinos, including those owned by gaming giant Sociedade ...

  6. Business - China Business

    Macau gambling revenue jumps 21 per cent from year earlier

    Posted Dec 02nd 2013, 02:39pm by Reuters

    ... to an increase in high-spending visitors. China’s only legal casino hub is one of the world’s fastest-growing economies thanks to the gambling industry, earning most of its income from visitors from ... on Monday. Analysts had forecast median growth of 20 per cent. Casinos welcomed visitors attracted to Macau by Filipino boxing icon Manny Pacquiao fighting at US billionaire Sheldon Adelson’s ...

  7. Galaxy casino takes billion a day in stakes

    Posted Sep 01st 2011, 12:00am

    ... Neil Gough neil.gough@scmp.com Galaxy Entertainment's new Cotai casino hotel saw HK$50 billion in bets on its high-stakes baccarat tables during its first 47 days in business- more than HK$1 billion a day. But despite the boost from the property, which opened in May, the Macau casino operator controlled by the family of property to construction tycoon Lui Che-woo said ...

  8. Casinos' run of bad luck picks up speed

    Posted Oct 04th 2011, 12:00am

    ... Neil Gough neil.gough@scmp.com It turns out the house does not always win. SJM Holdings led a massive plunge in shares of Macau casino operators yesterday, falling a record 25 per cent. It was the second day of a rout that has erased HK$135.5 billion in market value at the six companies licensed to operate casinos in the world's biggest gambling market. From their peaks only two ...

  9. Lessons for casinos in 'Ocean's Eleven'

    Posted Sep 24th 2011, 12:00am

    ... Neil Gough neil.gough@scmp.com Joseph Plumeri, chairman of one of the world's biggest insurance brokers to the casino industry, has been dealt his fair share of surprises. But nothing prepared him for the day he walked into the Bellagio casino's corporate offices in Las Vegas and, instead of meeting his client from MGM Resorts, came face to face with actor Andy Garcia, who ...

  10. Gambling credit fears hit Macau casino chips

    Posted Oct 01st 2011, 12:00am

    ... Neil Gough neil.gough@scmp.com All bets are off after Macau casino stocks plummeted as much as 17 per cent yesterday, losing a combined HK$65 billion in market value on fears that credit for high-rolling gamblers is drying up. The Hong Kong-traded shares of Macau's six licensed casino operators are now firmly in the grip of a bear market, having plunged by 25 to 50 per cent in value ...




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