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  • October 21, 2014
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  1. Macau casino revenue rises 39.8pc for month

    Posted Oct 05th 2010, 12:00am by Staff Reporter

    ... Neil Gough Macau casino revenue rose to 15.3 billion patacas last month, up a comparatively modest 39.8 per cent from a year earlier, according to official data released yesterday. Total casino revenue rose to 133.24 billion patacas between January and September, up 60.1 per cent from the same period a year ago on storming growth rates during the earlier months of the year. ...

  2. Ex-casino manager jailed for laundering

    Posted May 12th 2010, 12:00am by Staff Reporter

    ... Neil Gough A former VIP gambling room manager at the Casino Lisboa was sentenced yesterday in the District Court to 21/2 years in prison for laundering the proceeds from a Macau-based HK$400 million illegal horse-betting operation through Hong Kong bank accounts. Yeung Chun-pong, 57, also agreed to a confiscation order against HK$84.7 million worth of personal assets. ...

  3. Casino manager awaits sentence over laundering

    Posted Apr 28th 2010, 12:00am by Staff Reporter

    ... Neil Gough A former VIP gambling room manager at the Casino Lisboa has been convicted of laundering the proceeds from a Macau-based HK$400 million illegal horse-race betting operation ... to custody yesterday, pending the outcome of their sentencing hearing, which continues today. Did it for others Yeung ran illegal betting books at the behest of casino clients, court told ...

  4. Gambling 'whale' says US$110m casino debts are really loans

    Posted Aug 27th 2009, 12:00am by Staff Reporter

    ... Neil Gough A Japanese-American gambler who lost more than US$110 million in Las Vegas casinos is waging a Nevada court battle, the outcome of which could affect Hong Kong legal judgments against such high-rollers. Terrance 'Terry' Watanabe, who lost the money in casinos owned by Harrah's Entertainment, is asking a Las Vegas court to throw out charges that he ...

  5. Las Vegas Sands seeks buyer for Macau casino

    Posted Apr 27th 2009, 12:00am by Naomi Rovnick

    ... Naomi Rovnick, Tim LeeMaster and Neil Gough The Sands Macao, the first foreign-owned casino in the world's largest gaming market, may soon go on the block for a bargain basement price of about US$1.3 billion. Heavily indebted owner Las Vegas Sands is exploring the sale of the casino after recent attempts to offload luxury shopping centres attached to its Venetian and Four ...

  6. Psst... wanna buy a casino?

    Posted Mar 13th 2009, 12:00am by Staff Reporter

    ... and majority owner Sheldon Adelson. Analysts see a fair chance that the company will default on its loans later this year unless it can come up with more cash than its casinos currently generate (see ... and is attempting to negotiate the sale of any number of Macau assets- shopping malls, serviced apartments, operating casinos and half-finished resort projects. The company's financial position ...

  7. Adviser backs K Wah purchase of casino

    Posted Jul 01st 2005, 12:00am by Staff Reporter

    ... Ernest Kong Shareholders of K Wah Construction Materials should vote for the planned acquisition of Galaxy Casino, according to an independent financial adviser contracted by the company. K Wah Construction said in April that it would buy 97.9 per cent of the casino from the family of company chairman Lui Chee-woo and minority shareholders in the business. The company would ...

  8. Guo Xin sinks $96m to boost floating casino

    Posted Dec 17th 2004, 12:00am by Staff Reporter

    ... Winston Yau Guo Xin Group has agreed to spend $96 million to buy 60 per cent of Gainnew Group, a firm that will earn agency income from luring customers to a casino on the cruise liner ... the new company aimed to increase the casino's monthly pool of bets to $3 billion from $1.8 billion. ...

  9. K Wah seeks $2.15b to fund casino deal

    Posted Apr 21st 2005, 12:00am by Sandy Li

    ... Sandy Li K Wah seeks $2.1b to pay for casino K Wah Construction Materials is to tap the market for up to $2.15 billion through a share placement to help finance the acquisition of Galaxy Casino in Macau. After the stock market closed yesterday, K Wah said it was offering 253.8 million new shares at between $8 and $8.50 each, representing a discount of 0.58 per cent to 6.43 per ...

  10. Work stops on $1.2b casino site

    Posted Feb 17th 2005, 12:00am by Sandy Li

    ... Sandy Li Construction work on a $1.2 billion casino-hotel-commercial project in Macau has been halted for a redesign to make it more competitive. Marco Lee Siu-cheung, an executive ... by the end of 2006, comprises a 250-room luxury hotel, a 100-table casino, a shopping centre and a 684,418-square-foot park. Meanwhile, shares in Hong Kong cosmetic retailer Fortuna International ...




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