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  1. Casino stocks hit by visa worries

    Posted Jun 27th 2012, 12:00am

    ... Sophie Yu sophie.yu@scmp.com Casino stocks fell in Hong Kong yesterday after a newspaper report that Guangdong has extended the wait for Macau visas to a month. At present, it takes one to two weeks for residents of the province to get a Macau visa. The Chinese-language Macau Daily News also said UnionPay had cut the maximum overseas spending limit by holders of its credit cards ...

  2. Go-ahead for Wynn Cotai casino

    Posted May 03rd 2012, 12:00am

    ... Sophie Yu sophie.yu@scmp.com Casino developer and operator Wynn Macau, a unit of billionaire Steve Wynn's Las Vegas company, says it has received the green light on land for a casino ... It hosts popular mega casinos, including the Venetian and Galaxy, and luxury hotels such as the Four Seasons and Conrad. Sands China opened the first phase of its new project, Sands Cotai Central, ...

  3. Casino sues gambler for millions

    Posted Dec 21st 2011, 12:00am

    ... Neil Gough neil.gough@scmp.com MGM China's Macau casino unit is suing longtime VIP junket agent and North Korean tour operator Wong Sing-wa for failing to repay half of a three-year-old, HK$10 million debt. MGM Grand Paradise, the Macau gaming licensee controlled by Las Vegas casino firm MGM Resorts International and Pansy Ho Chiu-king, daughter of Stanley Ho Hung-sun, ...

  4. Junkets piling into Macau's VIP gaming sector

    Posted Jan 27th 2012, 12:00am

    ... credit and the huge commissions they can earn from casinos on the gambling turnover generated by their high-rolling clients. That helped push overall casino revenue to a record 267.87 billion patacas, up 42.2 per cent from 2010 and more than five times the casino revenue of the Las Vegas Strip. VIP baccarat accounted for 73.2 per cent of all casino revenue, or 196.13 billion patacas, ...

  5. Wynn's profits rise but game plan is for Cotai

    Posted May 09th 2012, 12:00am

    ... Sophie Yu sophie.yu@scmp.com Wynn Macau, the Hong Kong-listed unit of Las Vegas casino mogul Steve Wynn, posted a 10 per cent year-on-year increase in first-quarter profit to US$209 million. But one analyst says the company, which has a resort on the Macau peninsula, will continue to lose business to casinos on Macau's Cotai Strip until Wynn opens its own gaming house ...

  6. SJM revenue soars as its Macau market share falls

    Posted May 08th 2012, 12:00am

    ... Sophie Yu sophie.yu@scmp.com SJM Holdings, a unit of Macau casino billionaire Stanley Ho Hung-sun's former Macau gaming monopoly, said revenue increased 8.5 per cent in the first ... to HK$1.7 billion. The company's flagship Casino Grand Lisboa increased its quarterly gaming revenue 25.9 per cent over the first quarter last year to HK$6.7 billion. Although revenue ...

  7. Asian grapevine

    Posted Feb 02nd 2012, 12:00am

    ... Portuguese colony then, with quaint faux antique shops, charming colonial buildings and a seedy, smoke-filled casino scene. There were no Michelin-starred restaurants and fine dining centred around ...

  8. COOLING down

    Posted Nov 03rd 2011, 12:00am

    ... from local wealthy people with a solid economy backed by the casino industry,' he says. 'Non-local capital involved in Macau's residential market is estimated at 10 per cent, ...

  9. Vida Rica Restaurant and Bar

    Posted Dec 18th 2010, 12:00am by Sujata Assomull

    ... Sujata Assomull Forget Macau's glitzy casinos. The new Vida Rica Restaurant and Bar at the Mandarin Oriental Macau has staked its position along the breathtaking Macau waterfront. ... on Fridays. They open at noon at weekends and close at 1am on Saturdays and midnight on Sundays. Vida Rica is a short walk from the MGM Grand Macau, Wynn Macau and Grand Lisboa hotel and casino hubs, ...

  10. Winning streak continues into July for Macau

    Posted Aug 02nd 2011, 12:00am

    ... Neil Gough neil.gough@scmp.com Macau's casinos had a blockbuster July, with monthly gambling revenue exceeding US$3 billion for the second time on record. Its winning streak continued last month as casino revenue rose 48.4 per cent from a year earlier to 24.21 billion patacas, data released yesterday by the Macao Gaming Inspection and Coordination Bureau show. That was just ...




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