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  1. Man jailed for life for 1.3b yuan casino scam

    Posted May 18th 2012, 12:00am

    ... scammed the victims out of a further 350 million yuan, in the name of borrowing money to operate a room at a Macau casino from July 2008 to September 2010. Ou was sentenced to 13 years in jail ... of mainland laws, which allow each person to leave with just US$50,000 a year. $300m Amount of money, in Hong Kong dollars, convicted fraudster Ou Jinming won at Macau casinos between March and April ...

  2. Business - Companies - GAMING

    Macau casinos' revenue climbs to HK$290b in 2012

    Posted Jan 03rd 2013, 12:00am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Growth attributed to a surging mass-market customer base and long-awaited rise in VIP play Macau casinos ace the year with record profits Macau's casino ... by the casinos certainly also contributed to the robust growth," she said. Visitor arrivals in Macau rose 0.5 per cent to 25.6 million in the first 11 months last year, with 60 per cent coming from ...

  3. Casino manager says Macau law favouring local staff is handicap

    Posted Aug 22nd 2010, 12:00am by Adrian Wan

    ... Adrian Wan Macau's drive to put locals first in the job market is taking away its competitive edge, a manager at one of its newest casino resorts said. A top-level rethink is needed ... workers, according to a recruitment analyst. Macau's education system generates about 5,000 graduates every year. 'As soon as the new casinos open, the government must reassess, ...

  4. 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, ...

  5. Tables turning at Macau casinos

    Posted Aug 02nd 2012, 12:00am

    ... Sophie Yu sophie.yu@scmp.com Gaming revenue in Macau edged up 1.5 per cent in July, beating some predictions of a downturn on a year-on-year basis. But the growth is still the slowest since the global financial crisis in 2008-09. Gaming revenue last year in the former Portuguese colony totalled 268 billion patacas, making it the world's largest gambling hub. Macau ...

  6. Macau back in party mood as casinos surge

    Posted Jan 24th 2011, 12:00am by Staff Reporter

    ... Neil Gough Crisis? What crisis? The painful credit crunch, widespread lay-offs and payouts, stalled billion-dollar projects, and near bankruptcies that plagued Macau casino operators in 2008-09 all seem like distant memories. Today, investors are partying like it was 2007 all over again. Shares in four of the five Hong Kong-listed Macau casino operators hit lifetime highs ...

  7. VIP bets fuel 24.4pc surge in Macau casino revenue

    Posted Apr 03rd 2012, 12:00am

    ... Sophie Yu sophie.yu@scmp.com Gaming revenue in Macau, the world's largest casino gaming destination, rose 24.4 per cent to 25 billion patacas last month, according to government ... and Co-ordination Bureau. Affluent mainland visitors have flocked to the properties of Macau's six licensed casino operators that include Las Vegas tycoons Steve Wynn and Sheldon Adelson, as well ...

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

    Posted Sep 24th 2011, 12:00am

    ... of six licensed casinos in Macau as clients. 'There are limits to what you are going to be able to get for [casino theft]... it's not gazillions.' Insuring gaming firms, especially ... regulations can come under the fold of so-called business interruption insurance. This was the case for an unnamed casino developer in Macau that filed a sizeable claim related to construction of one ...

  9. 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 ... 'The new phase will be something innovative and highlight the characteristics of Macau,' Lui said. StarWorld Hotel & Casino, which is also run by the company, reported a 36 per cent ...

  10. Casino stocks rally on back of surge in gaming revenue

    Posted Apr 08th 2010, 12:00am by Staff Reporter

    ... Neil Gough Macau casino stocks are back on a bull run. After trading mostly flat for the past six months, shares in Hong Kong and US-listed casino operators are up as much as 59 per cent ... as Macau's casino revenues continue to surge, rising nearly 60 per cent in the first quarter. Shares in most operators are now trading at their highest since the September 2008 collapse of Lehman ...




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