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  • September 23, 2014
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  1. 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 ...

  2. 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 ...

  3. 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 ...

  4. 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 ...

  5. 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 ... that casino revenue in the first 28 days of the year was 7.2 billion patacas, down 30 per cent from the full-month total of 10.33 billion patacas a year ago. Casino revenue in Macau has declined ...

  6. Events

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

    ... Kong Retirement Schemes Association luncheon: 'Climate change, planetary boundaries and how we do business'. Thursday, October 22, Macau: 14th Macao International Trade and Investment ...

  7. Casino giant after cash to plug the gaps

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

    ... the Macau loans, earn more at its casinos or cut a new deal with the banks. Sands reported a record US$178.26 million net loss in the three months to June, its sixth straight loss-making quarter. ... 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 ...

  8. Casinos coming up short

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

    ... Vegas Sands in recent months. But you know what they say about betting against the house. Letting it ride The global credit crisis is proving particularly unpleasant for Macau casino developers ... tax, depreciation and amoritisation) for each of Macau's six casino developers. Generally speaking, the higher the ratio, the more crunched a company is for cash. The second column shows ...

  9. Melco PBL eyes US$250m in convertible bond issue

    Posted Jul 31st 2007, 12:00am by Staff Reporter

    ... Neil Gough and Wong Ka-chun Nasdaq-listed gaming company Melco PBL Entertainment, which is spending US$3.7 billion on three casino resorts in Macau, will raise as much as US$250 million ... its first casino, the US$583.6 million Crown Macau. After some initial delays the company announced earlier this month that the resort was fully operational with 222 gaming tables including 80 ...

  10. Melco PBL fund-raising falls short by US$1b

    Posted Sep 07th 2007, 12:00am by Staff Reporter

    ... projects came up US$1 billion short- the first Macau gaming operator to be impacted by the global credit crunch. Melco PBL, which is spending US$3.7 billion on three casino resorts in the enclave, ... for completion by 2009, and for a third US$675 million casino hotel set to open in 2010 on the Macau peninsula. Credit watch The subprime credit crunch killed US appetite for the Melco PBL deal ...




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