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  1. 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
  2. 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
  3. 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
  4. 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
  5. 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
  6. 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
  7. 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
  8. Business - Companies - GAMING

    Asian-led groups win Australian casino bids

    Posted May 28th 2014, 01:00am by AFP

    ... Agence France-Presse in Brisbane Asian-led groups win Australian casino bids A Hong Kong billionaire and a Chinese-Australian investment consortium have won bids to build multibillion-dollar mega-casinos in the Australian state of Queensland after other contenders were ruled out by the state government. Tony Fung Wing-cheung's A$8.15 billion (HK$58.5 billion) Aquis ...

    http://www.scmp.com/business/companies/article/1520134/asian-led-groups-win-australian-casino-bids
  9. Business - Companies - GAMING

    MGM pushes for legalised casinos in Japan ahead of 2020 Olympics

    Posted May 15th 2014, 01:43am by BLOOM

    ... Bloomberg MGM eyes Japan's casino potential Japan's casino market could be bigger than Macau's for MGM Resorts International, while pressure is rising to legalise gambling ... for passage of a bill to end the ban on casinos in the current session of Japan's parliament ending on June 22. "Time is of the essence," Murren said. "There seems to be a very ...

    http://www.scmp.com/business/companies/article/1512319/mgm-pushes-legalised-casinos-japan-ahead-2020-olympics
  10. Business - Companies

    Casino firm SJM plays down impact of Beijing money-laundering crackdown

    Posted May 13th 2014, 01:13am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com SJM plays down effect of Beijing crackdown Casino operator SJM downplayed any negative impact from reports that Beijing may crack down on money-laundering ... casino operator, SJM lost its No1 market share position to Sands. Its gaming revenues accounted for 23 per cent of the entire gaming market during the first quarter, compared with Sands' ...

    http://www.scmp.com/business/companies/article/1510915/casino-firm-sjm-plays-down-impact-beijing-money-laundering

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