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  • July 30, 2014
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  1. Business - Companies

    Macau sees June gambling revenue rise by a fifth

    Posted Jul 02nd 2013, 12:00am by Sophie Yu

    ... of mainland tourists. Its casinos took in 28.3 billion patacas in June, the Macau Gaming Inspection and Coordination Bureau said yesterday. With that, gaming revenue stood at 171.4 billion patacas in the first half of the year, up 15.3 per cent year on year. About 70 per cent of Macau's gaming revenue comes from the high-rollers market, or VIP gamblers. Casino operators in Macau are making ...

  2. 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 ...

  3. News - China - REFORM

    Macau officials leave referendum homeless

    Posted Jul 24th 2014, 05:14am by Phila Siu

    ... Phila Siu phila.siu@scmp.com Macau officials leave referendum homeless Organisers of Macau's unofficial referendum on its chief executive election faced their first setback yesterday ... the vote from August 24 to 30, said Open Macau Society president Jason Chao Teng-hei. "The government has reacted this way because it is afraid of our unofficial referendum," he said. ...

  4. News - China - CASINOS

    Sands, DreamWorks strike Macau casino licence deal

    Posted Apr 30th 2013, 08:45pm by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Macau casino operator's DreamWorks deal to bring popular animated characters to its resorts Sands woos families with cartoons Sands China, the Macau arm ... of opportunity on planet Earth. I am confident this is only the beginning of something much bigger." Casino operators in Macau have been trying to diversify operations and generate more revenue from ...

  5. Comment - Blogs

    China news round-up: Xinjiang tightens security, Macau casino profit soars

    Posted May 02nd 2013, 06:58am by Patrick Boehler

    ... Journal China's manufacturers survive by moving to Asian neighbours. Bloomberg Macau Sands profit jumped 63 per cent to US$453 million in the first quarter. Southern Metropolis Daily* ...

  6. Business - Money

    Macau Legend delays offering

    Posted Jun 21st 2013, 01:11pm by Ray Chan

    ... Ray Chan ray.utchan@scmp.com Macau Legend delays offering Choppy markets have prompted casino-hotel operator Macau Legend Development to delay its HK$6.1 billion flotation, increasing pressure on other listing candidates to reconsider their plans. The size of the initial public offering of the firm, controlled by former Macau legislator David Chow Kam-fai, may also be reduced, ...

  7. Business - Companies - GAMING

    Macau casino income forecast to surge

    Posted Apr 24th 2013, 12:00am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Macau casino income forecast to surge Gaming revenue in Macau, the world's biggest gambling hub, is expected to grow at a faster pace than expected ... to diversify its gaming-dependent economy to woo tourists looking for something more than betting. The casino operators that are building new resorts in Macau, including Galaxy Entertainment, MGM China ...

  8. Business - Companies - CASINOS

    Gaming growth in Macau set to slow down says casino firm

    Posted Mar 06th 2013, 12:00am by SOPHIE YU AND BLOOMBERG

    ... Sophie Yu and Bloomberg Casino operator and analysts see revenue from gambling likely to be less than 15 per cent this year with Beijing's anti-corruption measures biting Macau gaming growth to be low Gaming revenue in Macau will probably increase less than 15 per cent this year, said SJM, Asia's biggest casino operator by revenue. SJM's chief executive, Ambrose So, ...

  9. News - China

    Macau protests that halted pension plan seen as political awakening

    Posted Jun 09th 2014, 03:15am by JEFFIE LAM

    ... powerful," he says. Hongkongers have been more vigorous in monitoring the government, says Ada Pun, who joined the rally on May 27 before heading to work at a casino. "Macau government has long ... Jeffie Lam in Macau jeffie.lam@scmp.com Protests that led to scrapping of a plan to reward outgoing officials could be a watershed moment Macau's political awakening The strong May ...

  10. News - Hong Kong

    Wynn Macau sues Chinese tycoon Li Jun over HK$14m gambling debt

    Posted Sep 27th 2013, 07:30pm by Reuters

    ... Reuters Las Vegas mogul Steve Wynn’s Wynn Macau casino is suing a Chinese tycoon for HK$14 million in gambling debts, the latest case of a casino in the world’s biggest gaming hub using ... company Abest Group. Macau, on China’s southern coastline, is the only place in the country where people are allowed to gamble in casinos. But recovering gambling debts on the mainland is illegal. ...




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