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  • September 22, 2014
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  1. Business - Companies - EARNINGS

    Galaxy Entertainment beats analyst expectations in second quarter

    Posted Aug 19th 2014, 03:08pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Galaxy beats estimates for quarter but view clouded Macau casino operator Galaxy Entertainment Group saw its second-quarter earnings before interest, taxes, depreciation and amortisation jump 15 per cent year on year to HK$3.5 billion, beating market expectations as the company expressed confidence the mass segment would rebound in the coming months. ...

  2. Business - LAI SEE

    Entertaining insights into China's state capitalism

    Posted Jul 09th 2014, 05:20am by Howard Winn

    ... Howard Winn Some years ago Tim Clissold wrote an entertaining tale entitled Mr China. The book describes a series of investment exploits he was involved in, to bring Western capitalist ... entertaining insider's account of his experience at Shenzhen International, the thinking behind its operations, culture, and failings. But he doesn't lose sight of the bigger picture, ...

  3. Business - Companies - GAMING

    Galaxy Entertainment earnings surge as Chinese descend on Macau

    Posted May 21st 2014, 01:11am by BLOOM

    ... Bloomberg Galaxy earnings surge as Chinese descend on Macau Galaxy Entertainment Group reported a 38 per cent increase in first-quarter earnings as the Macau casino operator with the most ... cent to HK$20.2 billion, the company said in a filing to the Hong Kong stock exchange. Galaxy and rivals including Melco Crown Entertainment and Sands China are competing ...

  4. Business - Companies - GAMING

    Trump casinos file for bankruptcy as Atlantic City gaming revenues slump

    Posted Sep 10th 2014, 10:30am by McClatchy Tribune

    ... McClatchy Tribune in Atlantic City The purge of the weakest casinos in Atlantic City, New Jersey, continued on Tuesday, as Trump Entertainment Resorts filed for bankruptcy in Delaware, ... of the company to hedge funds, Trump Entertainment attempted to retool its operations, but failed to increase revenue and profits, the company’s chief executive, Robert Griffin, said in a court filing ...

  5. Business - Companies - TECHNOLOGY

    Microsoft postpones release of Xbox One in mainland China

    Posted Sep 21st 2014, 05:29am by BIEN PEREZ

    ... market by revenue after the US. Xbox One, Microsoft's advanced all-in-one games and entertainment system, was touted as the first device of its kind available for purchase through authorised ... on delivering first-rate gaming and entertainment experiences, and to allow us to deliver on that promise we need to reschedule the launch of Xbox One," Microsoft said. "We look forward ...

  6. Business - China Business - GAMING

    China's high rollers heading to overseas casinos instead of Macau

    Posted Sep 18th 2014, 05:57am by Bloomberg

    ... the Macau unit of billionaire Sheldon Adelson's Las Vegas-based company, declined 3.9 per cent, Wynn Macau retreated 4.1 per cent, Galaxy Entertainment lost 2.6 per cent and Melco Crown Entertainment fell 3.4 per cent. The benchmark Hang Seng Index rose 1 per cent. Junket operators, which organise casino trips for wealthy Chinese VIPs, are bringing those gamblers to other locations ...

  7. Business - Companies - DEBT

    Investors told to buy Sony bonds after ratings downgrade

    Posted Sep 20th 2014, 05:10am by Bloomberg

    ... by emphasising entertainment, computer games and mobile devices as demand for televisions and compact cameras declines. He said this week that it would post a net loss of 230 billion yen (HK$16.4 ...

  8. Business - Companies - ELECTRONICS

    Sony expects US$2 billion loss, says it won't pay dividends this year

    Posted Sep 18th 2014, 05:57am by AP

    ... Associated Press in Tokyo Japanese electronics giant predicts huge increase in red ink as it writes down value of smartphone operation amid intense Chinese competition Sony forecasts US$2b loss, cancels dividend payouts Japanese electronics and entertainment conglomerate Sony Corp expects its annual loss to swell to US$2 billion and has cancelled dividends for the first time ...

  9. Business - Money - IPO FOCUS

    Dalian Wanda Commercial Properties seen as safe bet in IPO, analysts say

    Posted Sep 19th 2014, 11:43am by Peggy Sito

    ... It bought US cinema chain AMC Entertainment Holdings in 2012 and completed a major property acquisition in Beverly Hills in August. ...

  10. Comment - Insight & Opinion - WHITE COLLAR

    Hong Kong faces challenges in goals for Islamic finance despite debut bond

    Posted Sep 15th 2014, 11:09am by Enoch Yiu

    ... that produce or sell pork, provide entertainment deemed inappropriate or have businesses that are considered too speculative. On this long list are operators of almost all restaurants, supermarkets ...




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