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  • September 16, 2014
  • Last updated: 11:23pm
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  1. Business - Companies - GAMING

    Tony Fung gambles A$8.5b on Macau-like gambling resort in Cairns

    Posted Jun 06th 2014, 12:38am by BLOOM

    ... destination to rival Macau. The Hong Kong property developer last week won early-stage government backing for his plans to build an A$8.15 billion (HK$58.6 billion) casino resort on a former sugarcane ... is the closest western city to China," he said of the tropical Australian city. Investors locked out of Macau, which has licensed just six casino operators to tap its US$45 billion gambling market, ...

  2. Infographics - GAMBLING

    Raising the stakes

    Posted Jun 16th 2014, 02:44pm by Adolfo Arranz

    ... Adolfo Arranz China’s neighbours continue to profit from the mainland’s appetite for gambling. Macau already outperforms the Las Vegas strip and Singapore is fast catching up. Japan continues to warm to the idea of legalizing casinos for the run-up to the 2020 Olympics in Tokyo. With Lawrence Ho Yau-lung investing in a Vladivostok casino and Tony Fung Wing-cheung in Australia, ...

  3. News - Asia - CAMBODIA

    Thais swarm into Cambodian casinos to beat junta's betting ban

    Posted Jun 23rd 2014, 03:25am by AFP

    ... million to the nation- as well as thousands of spin-off jobs. The money that flows into Cambodia and its casino operators is dwarfed by revenue in Macau, which hit a record US$45 billion in 2013. ... Agence France-Presse in Poipet Thai gamblers swarm into border town casinos Desperate for a flutter during a junta crackdown on gambling at home, Thais are making a beeline for casinos ...

  4. Business - Companies - GAMING

    SJM buys Macau land, triples size of planned casino resort in Cotai

    Posted Sep 10th 2013, 12:00am by BLOOM

    ... Bloomberg SJM to buy Macau land, boost casino size SJM Holdings, Asia's biggest casino operator, plans to invest in land that will triple the size of its planned casino resort ... up with rivals including Sands China and Galaxy Entertainment in the world's largest gambling hub. SJM, which runs 20 of Macau's 35 casinos, has none in Cotai and is the last ...

  5. Business - Banking & Finance - MACAU

    State-run banks implicated in multibillion-dollar cash-for-gambling racket in Macau

    Posted Jun 04th 2014, 05:08am by Toh Han Shih, Niall Fraser

    ... Toh Han Shih and Niall Fraser Documents detailing how UnionPay is used in Macau casinos to evade currency controls raise questions about the involvement of large banks State-run banks implicated in card racket A multibillion-dollar cash-for-gambling racket in Macau casinos that subverts China's strict currency controls is being run by a sophisticated cross-border syndicate ...

  6. Business - Money

    Hong Kong shares at highest since May, Macau casino sector spikes

    Posted Sep 16th 2013, 03:42pm by Reuters

    ... Reuters Hong Kong shares climbed to their highest in 17 weeks on Monday, as investors cheered Lawrence Summers’ withdrawal as a candidate to head the Federal Reserve and Macau election results made its gambling sector a standout performer. The Hang Seng Index ended up 1.5 per cent at 23,252.4 points, its highest since May 22. The China Enterprises Index of the top Chinese ...

  7. News - Hong Kong

    Macau casinos bet on China’s rising middle class

    Posted Aug 08th 2013, 03:43pm by Reuters

    ... Reuters The game is changing for casinos in Macau as fun-seeking middle-class Chinese visitors follow high-roller VIP gamblers in ever greater numbers to try their luck in the only place in China where casinos are legal. The growth of the so-called premium mass segment is setting the stage for what executives hope will be a second boom in Macau, where the Cotai Strip has already ...

  8. Business - Companies

    Macau casino firm SJM's interim profit up 12pc on Chinese gamblers

    Posted Aug 14th 2013, 08:11pm by TIFFANY AP, Alison Leung

    ... Tiffany Ap and Alison Leung SJM interim profit jumps 12pc on mainland gamblers Macau casino and hotel operator SJM Holdings posted a 12.2 per cent rise in first-half net profit, fuelled ... It has a 25.8 per cent share of the industry, worth about US$40 billion. It operates a group of more than 20 hotels and casinos including the Grand Lisboa and the Sofitel Macau. The company saw ...

  9. Business - Companies - CASINOS

    Macau mogul vows less kitsch for new casino resort

    Posted Jul 31st 2013, 09:43am by Reuters

    ... Reuters in Macau David Chow plans to turn his sputtering Macau theme park into a casino resort that competes with the operations of his Las Vegas rivals Back in the game Macau tycoon David ... largest gambling hub. The second-generation casino operator, whose four decades of Macau experience rival former kingpin Stanley Ho Hung-sun, is going up against the industry’s modern titans, ...

  10. Business - Money

    Casino owner Macau Legend relaunches smaller Hong Kong IPO

    Posted Jun 26th 2013, 08:23am by Reuters

    ... Reuters in Hong Kong Casino owner Macau Legend Development Ltd relaunched on Wednesday its Hong Kong initial public offering, slashing the deal by more than half because of weaker than expected demand caused by volatile global markets. The company, which owns the Macau Fisherman’s Wharf development, is now seeking to raise up to US$360 million by selling 934.83 million new ...




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