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  1. Business - Companies - GAMING

    Macau casinos' revenue climbs to HK$290b in 2012

    Posted Jan 03rd 2013, 12:00am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Growth attributed to a surging mass-market customer base and long-awaited rise in VIP play Macau casinos ace the year with record profits Macau's casino industry put in a stronger-than-expected performance in December, ending the year with record gross gaming revenue both in annual and monthly terms. Casino revenue in the world's largest ...

  2. Casino ban seen as raw deal for young

    Posted Aug 12th 2012, 12:00am

    ... Jolie Ho in Macau jolie.ho@scmp.com A law banning under-21s from casinos in Macau has stirred a fierce debate among academics and workers' associations in the city. The new rule, ... fast-growing economy. But opponents say young workers denied the chance of high-earning jobs in casinos will struggle. Leong Sun-iok, vice-president of the Macau Gaming Industry Labourers Association, ...

  3. Tables turning at Macau casinos

    Posted Aug 02nd 2012, 12:00am

    ... is the only place in China where casinos are legal. Mainlanders made up 60 per cent of the tourists to the city and have contributed the lion's share to the booming betting industry over the past ...

  4. Wynn casino resort to cost US$4b

    Posted Jun 06th 2012, 12:00am

    ... Sophie Yu sophie.yu@scmp.com US casino magnate Steve Wynn said yesterday that his new Cotai casino resort in Macau would cost US$4 billion to build. Approval for a 51-acre site at Cotai was awarded to Wynn early last month. The casino giant currently operates a single high-end property, which opened in 2006, on the Macau peninsula but Cotai is fast becoming the city's new gaming ...

  5. 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 ... as an agent for casinos, borrowing their chips and introducing clients to gambling, in exchange for commission. Deng used the chips to bankroll Ou, who would use them to gamble at several big casinos ...

  6. VIP bets fuel 24.4pc surge in Macau casino revenue

    Posted Apr 03rd 2012, 12:00am

    ... Sophie Yu sophie.yu@scmp.com Gaming revenue in Macau, the world's largest casino gaming destination, rose 24.4 per cent to 25 billion patacas last month, according to government ... Central, a US$4 billion casino, hotel and shopping complex, on April 11. 'Gaming revenue will rise 4 to 5 per cent month on month,' he said. Fan estimates gaming revenue growth ...

  7. Galaxy Macau casino bets reap big payout

    Posted Mar 16th 2012, 12:00am

    ... Charlotte So charlotte.so@scmp.com Galaxy Entertainment has kicked off work on the extension of its Cotai Strip casino resort in Macau with expectations the 2,200-room property, which opened in May last year, will return its investment in less than four years. That will make it one of the highest-margin casinos in the world. The casino developer yesterday reported net profit ...

  8. Gamblers drugged, robbed in fake casinos

    Posted Feb 14th 2012, 12:00am

    ... into fake casinos. One gambler was cheated out of 10 million patacas (HK$ 9.5 million), but police have yet to determine how many victims were involved and how much had been lost. Officers seized ... times since March 2010 and they would work for two to three days at a time. The fake chips were printed with the logos of several Macau casinos, including those owned by gaming giant Sociedade ...

  9. Holiday helps lift casino revenue 6pc

    Posted Feb 02nd 2012, 12:00am

    ... Neil Gough neil.gough@scmp.com Macau's casino revenue came in slightly above expectations last month as record tourist arrivals over the Lunar New Year helped boost gambling revenue 34.8 per cent from a year ago. The city's 34 licensed casinos booked 25.04 billion patacas in casino revenue last month, up 6 per cent on December, making January Macau's second-best ...

  10. Casino chief says to bet on slower growth

    Posted Dec 16th 2011, 12:00am

    ... Neil Gough in Macau neil.gough@scmp.com Macau's white-hot growth in casino revenue is bound to cool next year, according to a top industry executive. Francis Lui Yiu-tung, ... that when they see 33 per cent it's like the sky is falling down,' he said. Macau's casino revenue shot up 44.1 per cent in the first 11 months of this year on top of last year's ...




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