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  • September 17, 2014
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  1. Amax slides to HK$1.2b loss as turnover dives

    Posted Dec 22nd 2009, 12:00am by Celine Sun

    ... in turnover and a huge impairment loss. However, the company's shares rose 3.1 per cent to 19.7 HK cents yesterday, after hitting a half-year low of 18.9 HK cents earlier this month following the company's profit warning on November 27. Turnover at Amax, which holds a 49.9 per cent stake in Greek Mythology Casino and 80 per cent of AMA International in Macau, plunged to HK$92.06 million from ...

  2. Sa Sa profit fails to live up to high expectations

    Posted Jun 17th 2011, 12:00am

    ... the company's growth missed market expectations and its mainland business showed no sign of picking up. Sa Sa reported a rise of 19 per cent in turnover to HK$4.9 billion for the year to March. The Hong Kong and Macau markets, the company's largest profit contributors, posted a turnover of HK$3.9 billion, up 19.3 per cent, powered by robust economies, significant growth in tourist ...

  3. Business - China Business - GAMING

    Profit growth fails to lift Neptune

    Posted Sep 20th 2012, 12:00am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Shares in Macau junket operator drop 6.4 per cent amid concerns over slowing growth in turnover and high-stakes VIP business Neptune loses steam despite rise ... to the strong profit growth, Neptune's turnover for the year was only slightly higher, at HK$433.3 million. "In fact, in fiscal year 2012, turnover increased by only 4.48 per cent," said ...

  4. Racing's big move up in class

    Posted Jun 29th 2012, 12:00am

    ... city.' The handover coincided- give or take a fortnight- with the end of the 1996-97 racing season when betting turnover tipped over HK$92 billion. It was the highest in the club's history and remains so, as turnover proved to be the second, and more vexing, of Engelbrecht-Bresges' concerns: the irony of Hong Kong's world-famous turnover crashing while the club advanced ...

  5. China carrot in cross-bet deal

    Posted Apr 06th 2004, 12:00am by Alan Aitken

    ... for Macau's mainland-sourced turnover. 'It's hard to really put a figure on it, but I would not be surprised if our true turnover now coming from China is a multiple of two or three times what our turnover was before the agents were licensed.' Paterson said the agreement would be signed by both sides this week, then go to each government for approval of the scheme, from ...

  6. Big sell-off for Galaxy after profit drops 20pc

    Posted Sep 03rd 2011, 12:00am

    ... Construction of new casinos in Macau came to a standstill following the crisis and revenue from gaming dwindled during the downturn. Turnover reached HK$6.12 billion for Galaxy shares yesterday, which plunged 5.25 per cent to closing at HK$17.68, making it the most traded Hong Kong stock in terms of turnover. Macau casino revenue has made a strong comeback this year. Total revenue surged 57 per ...

  7. Macau Success eyes boost from chairman's casino stake

    Posted Aug 22nd 2005, 12:00am by Sandy Li

    ... the option to acquire the King Seiner Palace stake but said 'it largely depends on when it will provide a stable income'. He said chip turnover at its parent Success Universe Group's (SUG) VIP gaming hall, Golden Palace in Casino Lisboa, reached $6.6 billion after reopening in July last year following renovation. 'It set the highest single monthly chip turnover record ...

  8. Jockey Club to boost corporate entertainment

    Posted Aug 02nd 2007, 12:00am by Dennis Eng

    ... and HK$20 million in additional betting turnover per meeting in the short term. In the 2006/07 financial year, the club reported its highest total turnover to date of HK$100.78 billion, 3.24 per cent higher than a year earlier. Bets placed on horse races rose 6.58 per cent to HK$64 billion while Mark Six turnover improved 4.7 per cent to almost HK$6.59 billion. Football betting, ...

  9. Shun Tak plans top hotel for Macau

    Posted Mar 27th 2012, 12:00am

    ... property sales due to moves by the Hong Kong government to cool the market. Excluding revaluation gains on investment properties, the bottom line dropped 2.5 per cent to HK$384 million. Turnover ...

  10. Casinos in Macau will cost us dear: Jockey Club

    Posted Feb 21st 2005, 12:00am by Jimmy Cheung

    ... $10 billion to $15 billion in betting turnover annually to Macau because of the growing casino industry. The figures were based on Macau's own estimate of an annual $40 billion in profit this year. 'The amount of betting turnover [lost] could be enormous. We have to tackle the problem,' Mr Arculli told an RTHK radio programme yesterday. He said the club had briefed ...




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