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  • September 17, 2014
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  1. News - China - MACAU

    Macau chief executive promises a government that listens more to the public

    Posted Aug 17th 2014, 06:24am by JEFFIE LAM

    ... business as it had also brought social problems. The casinos in Macau, the only place in China where gambling is legal, generated income of more than 306.8 billion patacas in 2012. "We want ... opportunities in the city. SJM Holdings chief executive Ambrose So Shu-fai, one of the committee members, said controlling the growth of casinos was needed. But a young pro-democracy activist was less ...

    http://www.scmp.com/news/china/article/1575157/macau-chief-executive-promises-government-listens-more-public
  2. Business - Companies

    Manila's City of Dreams casino a bet on China, says James Packer

    Posted Jan 28th 2014, 12:27am by Raissa Robles and Reuters

    ... Raissa Robles and Reuters in Manila Luxury Nobu hotel added to attractions as Philippines aims to take on Singapore Manila casino a bet on China, says Packer Luxury boutique hotel chain ... Asked yesterday how these tensions would affect the casino's drive to attract Chinese high rollers, Ho was upbeat. "I think the beauty of it is that we're in an industry ...

    http://www.scmp.com/business/companies/article/1415347/manilas-city-dreams-casino-bet-china-says-james-packer
  3. Business - Banking & Finance

    Las Vegas casinos to accept bitcoin virtual currency

    Posted Jan 22nd 2014, 02:02pm by Reuters

    ... Reuters Customers will be able to use virtual currency to pay for hotel rooms and related purchases Las Vegas casinos to accept bitcoins Two Las Vegas casino hotels will become the first known US commercial gambling houses to allow the use of the unregulated digital payment system bitcoin, casino officials said on Tuesday. The Golden Gate Hotel and Casino and The D Las Vegas ...

    http://www.scmp.com/business/banking-finance/article/1411035/las-vegas-casinos-accept-bitcoin-virtual-currency
  4. Business - Companies - GAMING

    Galaxy casino chairman Lui Che-woo wants to expand beyond Macau

    Posted Jan 30th 2014, 05:01am by BLOOM

    ... Bloomberg Galaxy chairman wants to expand beyond Macau Lui Che-woo became Asia's second-richest person by setting up a casino company that within a decade became the world's ... Lui plans to expand his business empire beyond Macau and said he was open to acquiring US casinos. Meanwhile, Galaxy, which is spending about US$10 billion to expand its gambling resort ...

    http://www.scmp.com/business/companies/article/1417025/galaxy-casino-chairman-lui-che-woo-wants-expand-beyond-macau
  5. News - Hong Kong - COURTS

    'Exploited' fugitive admits laundering millions, 13 years after he fled to Canada

    Posted Aug 05th 2014, 04:29am by CHRIS LAU

    ... Xu Chaofan and Yu co-owned, and HK$23,000,000 from Xu Chaofan's Yau Hip Trading. Part of the proceeds was transferred to Australian casino giant Crown, while some went to Sociedade de Turismo e Diversoes de Macau, the operator of many of Macau's most famous casinos. Kwong previously admitted he helped the three managers to arrange loans and debt payments at casinos ...

    http://www.scmp.com/news/hong-kong/article/1566466/exploited-fugitive-admits-laundering-millions-13-years-after-he-fled
  6. Business - Economy - GAMING

    Macau rakes in 20pc gain in July gaming revenues

    Posted Aug 01st 2013, 03:48pm by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com World's largest casino hub rakes in 20pc more year on year despite cutbacks by high-rollers Mass-market gamblers boost Macau's revenues Gambling revenue in Macau rose 20 per cent last month from a year earlier, bolstered by growth in the mass gaming market, despite the slowdown in the mainland's economic expansion. Casinos ...

    http://www.scmp.com/business/economy/article/1293573/macau-rakes-20pc-gain-july-gaming-revenues
  7. News - China - CASINOS

    'Underground' casino in Sanya ordered to be closed, but not for the first time

    Posted Jan 27th 2014, 04:22am by He Huifeng

    ... He Huifeng huifeng.he@scmp.com 'Cashless casino' has a history of closures The mayor of Sanya, a seaside resort city in Hainan, ordered the closure- not the first- of a cashless bar at a luxury hotel in the city on Saturday night, hours after CCTV identified it as an "underground casino". CCTV's Topics in Focus programme claimed that hotel guests could ...

    http://www.scmp.com/news/china/article/1414535/underground-casino-sanya-ordered-be-closed-not-first-time
  8. News - China - MACAU

    Ties between Chui family and Macau's business elite grow stronger

    Posted Aug 31st 2014, 04:49am by Raquel Carvalho

    ... A monthly salary for most was about 3,000 patacas, there were fewer than 10 casinos, and just one bridge connected the main peninsula to Taipa Island. Fast forward to 2014, and the average salary is almost five times more, the city boasts 35 casinos, and three bridges span the Pearl River Delta. But some things have not changed. The Chui family is one of three that retain a significant ...

    http://www.scmp.com/news/china/article/1582052/ties-between-chui-family-and-macaus-business-elite-grow-stronger
  9. News - China Digest

    The Post's daily China news round-up- August 21, 2016

    Posted Aug 26th 2014, 07:52am

    ... Jagran Post China media: Washington ties |Source: BBC News Economy Editorial: Make or break for Chinese property |Source: Financial Times Macau casino workers protest to demand for better pay ...

    http://www.scmp.com/news/china-digest/digest/1580730/posts-daily-china-news-round-august-21-2016
  10. Business - Companies

    Hong Kong tycoon offers to buy casino in Cairns

    Posted Nov 13th 2013, 02:14pm by Reuters

    ... Reuters in Sydney HK tycoon offers to buy casino in Cairns Tony Fung Wing-cheung has offered to pay A$214 million (HK$1.54 billion) to buy Reef Casino Trust, which owns the only casino in the city of Cairns near the Great Barrier Reef, in a bid to enter Australia's gaming and tourism market. Shares in Reef Casino surged 44.4 per cent to six-year highs after yesterday's ...

    http://www.scmp.com/business/companies/article/1355123/hong-kong-tycoon-offers-buy-casino-cairns

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