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  1. Comment - Insight & Opinion - LEFT FIELD ALVIN SALLAY

    Casino backing for Macau golf open is a good start

    Posted Aug 19th 2012, 12:00am by Alvin Sallay

    ... is rare. And when that sponsor is as big as the Venetian Macao casino, it brings added prestige as it opens up all sorts of possibilities surrounding the future expansion of a tournament that has proven to be one of the most popular stopovers on the regional tour. Over the years, we have never understood why the organisers of the Macau Open had failed to buy into the fact that a casino ...

  2. Casino stocks fall on revenue worries

    Posted Jul 27th 2012, 12:00am

    ... Anita Lam anita.lam@scmp.com Gambling shares have tumbled amid signs that casino revenues in Macau may shrink further in the coming months. Fitch Ratings yesterday slashed its forecast ... of Sands China's Cotai Central casino resort in April would continue to exert pressure on other gaming facilities in the coming months as the market grappled to accommodate the additional ...

  3. Beijing anti-graft team on trail of casino losses

    Posted Jun 06th 2012, 12:00am

    ... George Chen george.chen@scmp.com Beijing has major Macau casinos in its sights as it seeks hard evidence of bribery and money laundering amid a snowballing investigation into a senior ... of the casinos that may have entertained Yang and Wang. One of the sources said Beijing received a tip-off from an informant to the Ministry of State Security, Beijing's main foreign intelligence ...

  4. 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 ...

  5. Casinos' run of bad luck picks up speed

    Posted Oct 04th 2011, 12:00am

    ... Neil Gough neil.gough@scmp.com It turns out the house does not always win. SJM Holdings led a massive plunge in shares of Macau casino operators yesterday, falling a record 25 per cent. It was the second day of a rout that has erased HK$135.5 billion in market value at the six companies licensed to operate casinos in the world's biggest gambling market. From their peaks only two ...

  6. Gambling credit fears hit Macau casino chips

    Posted Oct 01st 2011, 12:00am

    ... Neil Gough neil.gough@scmp.com All bets are off after Macau casino stocks plummeted as much as 17 per cent yesterday, losing a combined HK$65 billion in market value on fears that credit for high-rolling gamblers is drying up. The Hong Kong-traded shares of Macau's six licensed casino operators are now firmly in the grip of a bear market, having plunged by 25 to 50 per cent in value ...

  7. Macau's casinos grow to U.S. size

    Posted Sep 02nd 2011, 12:00am

    ... Neil Gough neil.gough@scmp.com Macau casino revenue rose 57 per cent last month to a fresh monthly record of 24.77 billion patacas. It was the fastest growth this year, the sixth month in a row that Macau's casinos broke the 20-billion-pataca mark, and the third month since May that they raked in more than US$3 billion, new data from the Macao Gaming Inspection ...

  8. Macau casino earnings rise 52pc

    Posted Jul 02nd 2011, 12:00am

    ... Neil Gough neil.gough@scmp.com Macau casino revenue grew in June at its fastest pace this year, rising above the 20 billion pataca mark for a fourth month. The city's 34 casinos ... by the Macau Gaming Inspection and Co-ordination Bureau shows. Casino revenue in the first half of the year was 124.13 billion patacas, up 44.6 per cent. Macau is now on track to book more than US$30 ...

  9. Cambodian casino bets on a massive expansion

    Posted Jun 15th 2011, 12:00am

    ... Neil Gough neil.gough@scmp.com Shares in Cambodian casino operator NagaCorp plunged as much as 18 per cent on the Hong Kong stock exchange yesterday, after the company announced a US$369 ... capital to chief executive and controlling shareholder Chen Lip Keong upon completion of work on the retail-hotel-casino complex, which is being funded by Chen and will double the firm's ...

  10. Profit soars 118pc for hotel casino complex

    Posted Aug 15th 2011, 12:00am

    ... of this year. NagaCorp's wholly owned subsidiary NagaWorld owns, manages and operates the only world-class hotel casino entertainment complex in Phnom Penh. The company achieved what it described ... for the first six months of this year was 50 per cent, the highest level since the group's initial public offering (IPO) in 2006, and higher than some key casinos in Macau. Overall, NagaCorp ...




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