Macau sees June gambling revenue rise by a fifth

Gaming revenue stood at 171.4 billion patacas in the first half of the year, up 15.3 per cent year on year.

Macau's gambling revenue rose by more than a fifth year on year last month, boosted by a steady inflow of mainland tourists. Its casinos took in 28.3 billion patacas in June, the Macau Gaming Inspection and Coordination Bureau said yesterday.

Tuesday, 2 July, 2013, 2:51am

SJM raises mass-market gaming table numbers

Ambrose So Shu-fai

SJM's chief executive, Ambrose So Shu-fai, said the minimum bet limit has been upgraded for about 10 per cent of SJM's gaming tables in the mass market since the beginning of this year. He said the minimum stake is adjusted regularly between high and low seasons.

1 Jun 2013 - 4:19am

Packer names British architect for casino on iconic Sydney site

Crown Sydney will be instantly recognisable around the world

Australian tycoon James Packer has picked a British firm to design his proposed billion-dollar casino for Asian high-rollers in Sydney, saying yesterday it will be "instantly recognisable around the world".

17 May 2013 - 2:59am

Time to repay debt for casino licence, court told

Las Vegas Sands chairman Sheldon Adelson. Photo: AP

Las Vegas Sands owes a middleman for its gaming licence in Macau, which the casino operator's founder and chairman Sheldon Adelson called the "brass ring in the merry-go-round", according to a lawyer for Hong Kong businessman Richard Suen.

5 Apr 2013 - 5:10am

Galaxy expands budget for flagship's second phase

Galaxy Entertainment chairman Lui Che-woo says the firm has HK$15.6 billion in cash. Photo: Reuters

Casino operator Galaxy Entertainment is increasing its budget for the second phase of Galaxy Macau to HK$19.6 billion from HK$16 billion. The company expects the second phase of its flagship project on the Cotai Strip to be completed in mid-2015.

27 Mar 2013 - 5:38am

Manila gambles on attracting the high rollers

The Solaire casino, part of a plan to build the region's biggest casino destination. Photo: Reuters

The first casino in the hub that is the Philippines' answer to Macau opened at the weekend, and the container port services billionaire Enrique Razon will have the gamblers to himself for now.

18 Mar 2013 - 2:17am

Opening of Solaire casino launches Manila's new gambling hub

Casino "guest officers" inside the Solaire Resort and Casino, which opens today in Manila. Photo: EPA

Port tycoon Enrique Razon's US$1.2 billion Solaire Manila casino will have a monopoly within Manila's new entertainment and gambling complex until the country's richest man, Henry Sy, opens a venture there next year.

16 Mar 2013 - 3:22am

Australia's Crown Casino hit for A$32m in 'Oceans Eleven-style' sting

Australia's largest casino has alerted police after a high-roller reportedly netted A$32 million (HK$257 million) in an Ocean's Eleven-style betting scam. A foreigner staying at the Crown Casino was involved in the sting, which it believes accessed its surveillance cameras trained on players and croupiers, The Herald-Sun reported.

16 Mar 2013 - 3:33am

High-end restaurants arrive in Macau casinos

Barbecued pork bun with sweetened crust from Wing Lei. Photo: Jonathan Wong

Perhaps only in Macau could it seem logical to spend US$14 million on a single restaurant - that's the investment in City of Dreams' Jade Dragon, which will officially open late next month.

8 Mar 2013 - 10:20am

Gaming growth in Macau set to slow down says casino firm

Macau saw an increase of 11.5 per cent in gaming revenue last month.

Gaming revenue in Macau reported year-on-year growth of 11.5 per cent to 27.1 billion patacas last month, supported by a big number of mainland tourists visiting during the Lunar New Year holiday.

6 Mar 2013 - 5:05am

Jump in mainland visitors boosts price of gaming stocks

More mainland visitors means a share-price boost for casinos.

Macau gaming stocks typically rebound as the Lunar New Year approaches, in expectation of mainland visitors flocking to the city's casinos over the holiday period.

This year, visitor arrivals did not disappoint, and share prices duly went up.

15 Feb 2013 - 5:20am

Regional countries eye share of booming gaming industry

Booming gaming industry attracts nations

Investment group Lippo announced last week plans to build a hotel complex in South Korea with casino floors, reflecting the desire of countries in the region to grab a share of Asia's fast-growing gaming industry.

1 Feb 2013 - 5:23am

Asian casinos solve conservative beliefs by allowing foreigners only

A worker cleans the facade at a Singapore casino. Photo: Reuters

The casino industry is booming across Asia, offering anyone looking for high-stakes action a wide choice of venues, from high-tech South Korea to the Himalayan nation of Nepal and communist Vietnam.

Anyone, that is, except South Koreans, Nepalese or Vietnamese.

28 Jan 2013 - 5:30am

Macau sees only 0.3pc rise in visitors but record gaming revenue

Macau sees only 0.3pc rise in visitors but record gaming revenue

Visitor numbers in Macau last year did not increase significantly despite casinos raking in a record high in revenue.

16 Jan 2013 - 4:02am

Macau casino resort approval sparks rally in MGM China shares

MGM has clearance to build its first resort in Cotai. Photo: Bloomberg

MGM China, a venture between a Pansy Ho Chiu-king and MGM Resorts International, received formal government approval to build its second resort in Macau. The stock rose strongly.

The venture would pay a land premium of 1.29 billion patacas and annual rent of 2.15 million patacas to develop a five-star hotel and a casino resort, the government's gazette said yesterday.

10 Jan 2013 - 4:21am