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  • November 27, 2014
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  1. News - Asia - GAMBLING

    South Korea to cash in as Japan’s US$15 billion casino dream fades

    Posted Nov 24th 2014, 10:25pm by Reuters

    ... Reuters in Seoul and Tokyo As US$15 billion dream for Japanese Vegas fades, casino companies raise the stakes in its neighbour- with an eye on Chinese tourists Japan's chips down, Korea cashes in South Korea looks like being the consolation prize as Japan's US$15 billion casino dream fades, a setback for companies such as Las Vegas Sands that envisioned a new gaming ...

  2. Business - Companies - ACQUISITIONS

    Hong Kong tycoon Tony Fung’s Australia casino plans thrown into doubt

    Posted Nov 24th 2014, 02:06pm by Reuters

    ... Reuters in Sydney Tony Fung's Australian casino takeover in doubt Hong Kong property developer Tony Fung Wing-cheung's plans to take over Australia's Reef Casino Trust ... Casino Acquisitions said in a statement yesterday. Shares in Reef Casino Trust, which owns the only casinos in the Australian city of Cairns near the Great Barrier Reef, fell as much as 35 per ...

  3. Business - Companies - CASINOS

    MelcoLot raising money for casino in Georgia

    Posted Nov 21st 2014, 10:26am by Enoch Yiu

    ... million) for a casino project in Georgia. MelcoLot, an arm of Macau gaming company Melco International Development, conducts lottery business on the mainland. Its wholly owned subsidiary, Express Wealth Enterprise, is a “special purpose company” formed to hold the licence for the casino project in Tbilisi, Georgia’s capital. The company, listed on the growth enterprise market, will sell ...

  4. Comment - Insight & Opinion - LEADER

    With casino revenues falling, it's time for Macau to diversify its economy

    Posted Nov 16th 2014, 06:16am by SCMP Editorial

    ... SCMP Editorial Time for Macau to diversify Gaming industry analysts bet heavily against the house last month and got it right, with gross revenue at Macau's casinos plunging 23.2 per ... do nothing to raise spirits in Macau. The share prices of casino operators fell on the latest revenue figures, but not as much as the double-digit percentage falls on January 12, 2009, during ...

  5. Business - Companies - CASINOS

    Singapore casinos in war of words over shrinking pool of high-rollers

    Posted Nov 11th 2014, 06:06am by Reuters

    ... Reuters in Singapore Singapore casinos in VIP war of words Singapore's two casinos are engaged in a bitter fight for a shrinking pool of high-rollers as the mainland's corruption ... to be released this week, but company president Tan Hee Teck acknowledged the headwinds facing Singapore's casinos during its last earnings call in August. "I suppose some operators may ...

  6. Business - Companies - GAMING

    Revenue at Macau casinos falls by a record 23 per cent in October

    Posted Nov 05th 2014, 03:21am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Revenue in Macau's gaming halls falls by record 23pc in October as war on graft, smoking ban and Occupy protests in Hong Kong bite Casinos hit by a 'perfect storm' The mainland's crackdown on graft, protests in Hong Kong and a ban on smoking indoors combined last month to create a perfect storm for Macau's casino industry, ...

  7. News - Asia - JAPAN

    Shinzo Abe loses bet on casinos with law change likely to be put on hold

    Posted Nov 04th 2014, 10:13pm by Reuters

    ... Reuters in Tokyo Abe loses bet on casinos as bill put on hold Japanese lawmakers are set to indefinitely postpone legalising casinos, as Prime Minister Shinzo Abe lacks the political leverage to pass a bill this year, sources directly involved in the process said. The latest in a string of delays for the controversial bill will be a blow for Abe, who has promoted casino resorts ...

  8. Business - Companies - EARNINGS

    Casino operator Wynn Macau’s revenue slumps 5.6pc in third quarter

    Posted Oct 29th 2014, 10:03am by undefined

    ... Tiffany Ap and Toh Han Shih Protests, smoking rules and anti-corruption drive causing impact, says Wynn chairman Casinos caught in 'perfect storm' Political protests have played a hand in creating the "perfect storm" for casino operators, Wynn Macau chairman Stephen Wynn said on an earnings call after the company posted an 8.2 per cent drop in net profit ...

  9. News - World

    Casinos in US ban Google Glass over cheating concerns at gambling tables

    Posted Jun 07th 2013, 12:00am by AP

    ... Associated Press in Atlantic City, United States Google Glass banned by casinos over cheating fears Casinos in the United States are forbidding gamblers from wearing Google Glass, the tiny ... issued a directive on Monday ordering Atlantic City's 12 casinos to bar casino patrons from using the device. Similar bans are already in place at casinos in Las Vegas and Ohio, among other ...

  10. Business - Companies - GAMING

    Galaxy expands budget for flagship's second phase

    Posted Mar 26th 2013, 06:33pm by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Group reports doubling in net profits and no VIP fallout from Beijing's anti-graft drive Galaxy expands budget for flagship's second phase Casino operator Galaxy Entertainment is increasing its budget for the second phase of Galaxy Macau to HK$19.6 billion from HK$16 billion. The company expects the second phase of its flagship project ...




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