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  1. Business - China Business - GAMING

    Macau casinos grapple with slowing revenue and unexpected staff costs

    Posted Aug 09th 2014, 04:10am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Costs, slowing revenue hurt casinos Macau casino operators are in a downturn as they grapple with slowing revenue and rising labour costs in the second quarter that were not expected until next year after years of delivering double-digit growth. For the year so far, share prices for the six casino operators in the world's biggest gaming hub ...

    http://www.scmp.com/business/china-business/article/1569580/macau-casinos-grapple-slowing-revenue-and-unexpected-staff
  2. Business - Companies - GAMING

    Sands China profit hit by rising costs for Macau casino staff

    Posted Jul 18th 2014, 02:57am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Sands profit hit by rising costs of Macau casino staff Macau casino operator Sands China fell 1.24 per cent after the firm reported second-quarter results ... of results highlights the likelihood of further staff expense increase for casino operators due to the intense competition for labour ahead of Cotai casino openings," said Barclays analyst ...

    http://www.scmp.com/business/companies/article/1555920/sands-china-profit-hit-rising-costs-macau-casino-staff
  3. Business - Companies - GAMING

    Weak VIP growth squeezes casino revenues in Macau

    Posted Jul 16th 2014, 01:15am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Analysts downgrade expectations for growth this year, but look to pick-up from new venues Weak VIP growth squeezes Macau casino revenues Fitch Ratings ... an increase of 12.6 per cent year on year. Last month's figures were slightly impacted by the start of the World Cup, which diverted some of the betting away from casinos. Analysts expect ...

    http://www.scmp.com/business/companies/article/1555035/weak-vip-growth-squeezes-casino-revenues-macau
  4. Business - Companies - GAMING

    Galaxy expands budget for flagship's second phase

    Posted Mar 26th 2013, 06:33pm by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Group reports doubling in net profits and no VIP fallout from Beijing's anti-graft drive Galaxy expands budget for flagship's second phase Casino operator Galaxy Entertainment is increasing its budget for the second phase of Galaxy Macau to HK$19.6 billion from HK$16 billion. The company expects the second phase of its flagship project ...

    http://www.scmp.com/business/companies/article/1200312/casino-operator-galaxys-net-profit-doubles-2012-hit-record
  5. Business - Money - GAMING

    Macau casinos feel heat of World Cup fever as gamblers bet elsewhere

    Posted Jul 01st 2014, 11:38pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Macau gaming revenues see first decline in five years as gamblers turn attention to soccer and authorities tighten restrictions on visitors Casinos feel heat ... websites- mostly operated out of the Philippines, Singapore, Indonesia and Malaysia- and increasingly we see major players, some of whom are involved in the Macau casino junket business, getting ...

    http://www.scmp.com/business/money/article/1544523/macau-casinos-feel-heat-world-cup-fever-gamblers-bet-elsewhere
  6. Business - Economy - COMMENT

    Shinzo Abe's best bet for Japanese revival may rest with casinos

    Posted Jun 27th 2014, 01:04am by BLOOM

    ... William Pesek Abe's best bet for Japanese revival may rest with casinos As investors place bets on Prime Minister Shinzo Abe's programme for economic growth, the success of Japan's revival plans may rest, oddly enough, on casinos. For more than a decade now, Las Vegas Sands chief Sheldon Adelson and his counterparts have salivated over bringing gambling tables ...

    http://www.scmp.com/business/economy/article/1541263/shinzo-abes-best-bet-japanese-revival-may-rest-casinos
  7. Business - Companies - GAMING

    Hong Kong firms team up in joint bid for Australian casino site

    Posted Jun 24th 2014, 05:58am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Chow Tai Fook and Far East Consortium team up with Australia's Echo to try to win project HK firms in joint bid for Australian casino site Chow Tai Fook Enterprises and Far East Consortium have signed a deal with Australian casino operator Echo Entertainment to bid together for Brisbane's Queen's Wharf casino site. The two Hong Kong-based ...

    http://www.scmp.com/business/companies/article/1539226/hong-kong-firms-team-joint-bid-australian-casino-site
  8. Business - Companies - GAMING

    Share prices of Macau casino operators fall after bad month

    Posted Jun 04th 2014, 05:08am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Macau casinos' share prices fall after bad month The month of May was less than merry for Macau as gross gaming revenue reached just 32.4 billion patacas, growing only 9.3 per cent year on year, well behind consensus estimates of a 12 to 17 per cent increase. The poor figure saw the share prices of all six casino operators fall yesterday. ...

    http://www.scmp.com/business/companies/article/1524849/share-prices-macau-casino-operators-fall-after-bad-month
  9. Business - Companies - EARNINGS

    Sands faces headwinds after record first half

    Posted Aug 15th 2014, 04:34pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Macau casino operator reports 35.7 per cent jump in first-half earnings, but sharp fall in mass gaming and hotel project delay cloud prospects Sands faces headwinds after record profit A record-breaking first half for Macau casino operator Sands China could mask the risk of a sudden slowdown in the second half of the year as the mass gaming segment ...

    http://www.scmp.com/business/companies/article/1574221/sands-china-sets-first-half-record
  10. Business - Companies - ACQUISITIONS

    Australia's Crown Resorts buys site on Las Vegas strip

    Posted Aug 04th 2014, 05:43pm by Reuters

    ... Reuters in Sydney Australian gaming mogul James Packer is taking another crack at the lucrative US casino market, with his Crown Resorts buying a vacant site on the famous Las Vegas Strip. ... international company with successful casino ventures in Australia, Macau, and London, we’ve always kept our eye on Las Vegas.” Packer scrapped plans to develop a US$5 billion casino in Las Vegas ...

    http://www.scmp.com/business/companies/article/1566278/australias-crown-resorts-buys-site-las-vegas-strip

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