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  1. Asian casinos to top US rivals in revenue

    Posted Jun 04th 2008, 12:00am by Staff Reporter

    ... Neil Gough in Macau Macau expected to sustain lead and growth rates Commercial casinos in Asia are likely to overtake their United States counterparts within the next five years and Macau is expected to continue leading the way, according to a survey by the American Gaming Association. Commercial casinos in the US gained US$34.13 billion in gross gaming revenue last year, according ...

  2. All In

    Posted Nov 28th 2008, 12:00am by Staff Reporter

    ... Neil Gough takes an eye-in-the-sky view of the growing casino trade When business is good in casino-land, every deal is a winner, every partnership a sure bet. But when things go south, watch out for the fallout... Mother files writ against Century Legend directors Century Legend- a family-owned Macau real estate investor, and former owner of the Holiday Inn casino hotel ...

  3. Gaming wealth comes at a cost for Macau

    Posted Jul 05th 2008, 12:00am by Staff Reporter

    ... of customers for Macau's casinos- have clamped down on visas for visits to Macau by officials, casino high rollers and now ordinary visitors. To inject some social equity into windfall gains from the casino boom, the Macau government has resorted to giving cash bonuses to residents- not the best means of bridging a widening wealth gap. These steps highlight unwelcome social side effects ...

  4. Macau won't rescue troubled casino firm

    Posted Nov 12th 2008, 12:00am by Fox Yi Hu

    ... Neil Gough and Fox Yi Hu in Macau Macau Chief Executive Edmund Ho Hau-wah yesterday quashed hopes that the Macau government would come to the rescue of troubled casino developer Las Vegas ... at a press briefing after delivering his annual policy address to the Legislative Assembly. He said that if the company collapsed, the government would take over the running of its casinos until ...

  5. Visa curbs stall Macau's casino boom

    Posted Oct 06th 2008, 12:00am by Staff Reporter

    ... Neil Gough First revenue drop in 3 years Macau's booming casino revenue growth came to a sudden halt last month as Beijing's crackdown on visits by mainlanders to the city threatens to derail six years of post- liberalisation gaming expansion. Monthly casino revenue fell for the first time in nearly three years to 6.9 billion patacas, down 3.4 per cent from a year ago ...

  6. Macau casino revenues drop 3.1pc

    Posted Jul 24th 2008, 12:00am by Staff Reporter

    ... Jeff Pao Macau's casino revenues fell 3.1 per cent in the second quarter, the first quarter-on-quarter decline since the market was liberalised in 2005, as mainland visitors reduced trips in the wake of a devastating earthquake in May and a sluggish stock market. Gaming revenue contributed by 30 casinos in Macau, fell to 28.89 billion patacas for the three months ended June ...

  7. Canadian casino firm eyes HK for US$1b share offering

    Posted Oct 06th 2008, 12:00am by Staff Reporter

    ... Neil Gough Asian Coast targets Macau high-rollers for Vietnam resort The developer of a planned US$4.2 billion ocean-front casino resort complex in Vietnam is considering a Hong Kong share ... the US$1.4 billion initial phase of its Ho Tram Strip project by late 2011 with twin casino hotels offering 2,300 rooms, 180 gaming tables and 2,000 slot machines. 'We are considering ...

  8. Youth need equipping for work beyond casinos

    Posted Oct 02nd 2008, 12:00am by Staff Reporter

    ... simmering since the casino-driven economic boom changed life in the city. As we report today, the mainland has further tightened restrictions on visas for Guangdong residents to visit Asia's gambling hub. This can be expected to add to pressure on casino revenues and profits that, in turn, is linked to a significant drop in gaming industry job vacancies. With an economic slowdown ...

  9. Cap on gaming tables to control casino industry

    Posted Jul 05th 2008, 12:00am by Fox Yi Hu

    ... Fox Yi Hu Gaming tables in Macau will be capped at 5,000 for an unspecified time as the government completes a study on how to develop the casino industry. Secretary for Economy ... the casino industry. He said the number of tables was unlikely to fall sharply in the foreseeable future. The number of gaming tables in Macau ballooned from 424 in 2003 to 4,311 at the end of March, ...

  10. Casino sues estate after suicide leap

    Posted Sep 11th 2008, 12:00am by Staff Reporter

    ... Peter Brieger A company director who committed suicide in July owed a Las Vegas casino HK$6.1 million, a writ filed in the High Court says. Wynn Las Vegas filed the writ on Tuesday against ... International, received HK$6.8 million in a 2005 credit agreement, but only paid back HK$655,229, the casino claims. ...




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