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  1. MGM China bucks market trend

    Posted Jun 04th 2011, 12:00am

    ... Amanda Lee amanda.lee@scmp.com MGM China Holdings, the joint venture between Macau gaming scion Pansy Ho Chiu-king and Las Vegas casino operator MGM Resorts International, rose 1.83 per cent on its debut yesterday as the equity market turned sour. The Hang Seng Index fell for the third time this week, closing with a loss of 1.31 per cent. Stock market conditions have been ...

  2. Business - China Business - MACAU

    Casino income in Macau up but not as much as market bet

    Posted Oct 05th 2012, 12:00am by Sophie Yu

    ... but total disappoints Gambling revenue in Macau rose 12.3 per cent in September from the same month last year but still came in below market expectations at 23.87 billion patacas. "We expect ... shares of five of the six casino operators in Macau dropped between 3.3 per cent and 3.5 per cent yesterday in Hong Kong trading, on a day the Hang Seng Index mostly remained flat. Sands China ...

  3. SJM revenue soars as its Macau market share falls

    Posted May 08th 2012, 12:00am

    ... resort. Melco Crown Entertainment has 13.7 per cent, while Wynn Macau and MGM China, both with a single resort on the Macau peninsula, respectively had 12.9 per cent and 9.9 per cent of the market ... and profit hit a record high, the company's market share is decreasing. SJM has no strong presence in the Cotai district, which is attracting more and more deep-pocketed tourists from ...

  4. Market gamblers caught short by casinos' rebound

    Posted Oct 07th 2011, 12:00am

    ... Neil Gough neil.gough@scmp.com The same rule applies whether you are playing the tables or the markets: betting against the house can pay big until, all of a sudden, it doesn't. Short ... The rally brought an abrupt end to the sell-down that erased 30 per cent, or HK$135.5 billion, of the market value of the six companies licensed to operate casinos in Macau. For short sellers- who ...

  5. News - Hong Kong

    Under China's watch, Macau won't return to 'gangsters' paradise'

    Posted Aug 27th 2012, 09:24am

    ... China has firm control on Macau security and crimes despite recent murders, assault. Three murders, hammer-wielding heavies, and a high-profile police swoop have raised concerns ... in December. All this at a time when China's economy, the world's second-biggest, is growing more slowly- hitting gambling revenue and possibly making junket operators, who collect gambling ...

  6. 'Decadent' China Rouge lures a crowd to Macau

    Posted Apr 10th 2012, 12:00am

    ... Vivian Chen It takes a lot to lure Hong Kong's party crowd over the water to Macau on a Saturday night, but the grand opening party for China Rouge did just that. The members-only ... by the Parisian cabarets of the 1800s, Shanghai of the 1930s and 'the fabulous women of the decadent era', according to the marketing spiel. The interior design of the space, in which ...

  7. MGM China net income more than doubles

    Posted Feb 24th 2012, 12:00am

    ... is legal in mainland China. Already the largest gambling market in the world and still growing rapidly, Macau's revenue from this sector surged 42 per cent to 268 billion patacas (US$33.5 ... Sophie Yu sophie.yu@scmp.com Shares of Macau casino operator MGM China rose 6.6 per cent to HK$13.82 yesterday, buoyed by net income that more than doubled to HK$3.28 billion from HK$1.57 ...

  8. Sands China hits jackpot with US$1.1B annual profit

    Posted Mar 03rd 2012, 12:00am

    ... Sophie Yu sophie.yu@scmp.com Macau casino operator Sands China yesterday reported profit for the year ended December 31 of US$1.13 billion- a 70 per cent increase on the previous year, ... The second phase of Sands Cotai Central is expected to open in October and the company plans to add 200 mass market gaming tables by the third quarter of this year, president and chief executive ...

  9. China's 'deep pockets' keep Macau on a roll, for now

    Posted Oct 05th 2011, 12:00am

    ... to executives at Las Vegas Sands Corp, the parent company of Sands China, on Monday at an investors' forum in Las Vegas. 'Unlike here where you think about bank financing or other alternative ... That private mainland investors are bankrolling the junkets underwriting the growth of the world's biggest casino market is something of a revelation. Among their other sources, a reliance ...

  10. Price set for MGM China offering

    Posted May 28th 2011, 12:00am

    ... May Chan may.chan@scmp.com MGM China Holdings will fetch a maximum HK$11.66 billion in its Hong Kong listing amid robust growth in Macau gaming revenue. It is the fourth largest initial ... per share, the top end of the initial price range of HK$12.36 to HK$15.34 per share. Brokers said the offer was well received by the market. Philip Securities, for example, reported ...




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