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Results 1 - 10 of 683 for casinos in macau

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  1. Business - China Business - GAMING

    China's high rollers heading to overseas casinos instead of Macau

    Posted Sep 18th 2014, 05:57am by Bloomberg

    ... overseas China's high-spending gamblers are looking to bet outside Macau amid a government assault on corruption and extravagance, and that is boosting casinos from the Philippines to the Las ... That is while Macau, the one place in China where casinos are legal, has suffered three consecutive months of declining gambling revenue as the anti-graft crackdown shows no signs of abating. MGM ...

    http://www.scmp.com/business/china-business/article/1594952/chinas-high-rollers-heading-overseas-casinos-instead-macau
  2. Business - Companies - EQUITIES

    Macau casinos suffer third straight month of falling revenue

    Posted Sep 01st 2014, 11:32am by Ray Chan

    ... Ray Chan ray.utchan@scmp.com Revenue drops for the third straight month as high-rolling mainland gamblers hold back Rapid fall in Macau casino market Gambling revenue in Macau's casinos dropped for the third consecutive month in August as high-rolling mainland gamblers held back on big-ticket punting since Beijing intensified its crackdown on corruption. That sparked ...

    http://www.scmp.com/business/companies/article/1582823/shares-casino-giants-fall-macau-gaming-data
  3. Business - Companies - MONEY MATTERS

    Odd silence as casino chips fall

    Posted May 02nd 2014, 11:52am by Shirley Yam

    ... But it is difficult to imagine how a medium-sized junket like Kimren could get a HK$10 billion credit line from a casino. One of the listed junkets, which runs 82 VIP tables in major casinos in Macau, says ... Shirley Yam With the top-5 gaming stocks losing more than 10pc of their value in just four days, regulators should have at least been asking the right questions Silence as casino chips ...

    http://www.scmp.com/business/companies/article/1502397/odd-silence-casino-chips-fall
  4. Business - China Business - GAMING

    Macau casinos grapple with slowing revenue and unexpected staff costs

    Posted Aug 09th 2014, 04:10am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Costs, slowing revenue hurt casinos Macau casino operators are in a downturn as they grapple with slowing revenue and rising labour costs in the second ... of the casino. Ieong Man Teng, the president of Forefront of Macau Gaming, said that although it had secured some better working conditions, companies such as Sands still had in force "unfair" ...

    http://www.scmp.com/business/china-business/article/1569580/macau-casinos-grapple-slowing-revenue-and-unexpected-staff
  5. Business - Companies - GAMING

    Sands China profit hit by rising costs for Macau casino staff

    Posted Jul 18th 2014, 02:57am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Sands profit hit by rising costs of Macau casino staff Macau casino operator Sands China fell 1.24 per cent after the firm reported second-quarter results ... casino-resort venues are under construction in Cotai. More detailed second-quarter gaming data released yesterday by the Macau gaming regulatory body showed that VIP revenue industry wide was down 6 per ...

    http://www.scmp.com/business/companies/article/1555920/sands-china-profit-hit-rising-costs-macau-casino-staff
  6. Business - Companies - GAMING

    Weak VIP growth squeezes casino revenues in Macau

    Posted Jul 16th 2014, 01:15am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Analysts downgrade expectations for growth this year, but look to pick-up from new venues Weak VIP growth squeezes Macau casino revenues Fitch Ratings and Barclays cut their estimates for full-year gaming revenue growth in Macau to 10 per cent yesterday due to weakness in the VIP segment of the market. Fitch had previously forecast full-year growth ...

    http://www.scmp.com/business/companies/article/1555035/weak-vip-growth-squeezes-casino-revenues-macau
  7. Business - Money - GAMING

    Macau casinos feel heat of World Cup fever as gamblers bet elsewhere

    Posted Jul 01st 2014, 11:38pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Macau gaming revenues see first decline in five years as gamblers turn attention to soccer and authorities tighten restrictions on visitors Casinos feel heat ... websites- mostly operated out of the Philippines, Singapore, Indonesia and Malaysia- and increasingly we see major players, some of whom are involved in the Macau casino junket business, getting ...

    http://www.scmp.com/business/money/article/1544523/macau-casinos-feel-heat-world-cup-fever-gamblers-bet-elsewhere
  8. 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 ...

    http://www.scmp.com/business/companies/article/1200312/casino-operator-galaxys-net-profit-doubles-2012-hit-record
  9. Business - Companies - GAMING

    Share prices of Macau casino operators fall after bad month

    Posted Jun 04th 2014, 05:08am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Macau casinos' share prices fall after bad month The month of May was less than merry for Macau as gross gaming revenue reached just 32.4 billion patacas, growing only 9.3 per cent year on year, well behind consensus estimates of a 12 to 17 per cent increase. The poor figure saw the share prices of all six casino operators fall yesterday. ...

    http://www.scmp.com/business/companies/article/1524849/share-prices-macau-casino-operators-fall-after-bad-month
  10. Business - China Business - GAMBLING

    Mainland crackdown on illegal use of payment cards in Macau casinos

    Posted May 08th 2014, 12:00am by Toh Han Shih and Niall Fraser

    ... crackdown in Macau casinos Macau is facing a major capital-flight crackdown amid Beijing concerns that tens of billions of yuan in illicit funds are being funnelled out of the mainland ... practices". Payment cards were widely used in Macau casinos, said John Bruce, Macau director of risk consultancy Hill & Associates. "It's to circumvent China's currency controls. ...

    http://www.scmp.com/business/china-business/article/1507007/mainland-crackdown-illegal-use-payment-cards-macau-casinos

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