• Mon
  • Oct 20, 2014
  • Updated: 6:07pm

Concelho Das Ilhas

Casino stocks fall on revenue worries

Gambling shares have tumbled amid signs that casino revenues in Macau may shrink further in the coming months.

Fitch Ratings yesterday slashed its forecast on the island's gaming revenue growth to 10 to 12 per cent from 15 per cent.

Friday, 27 July, 2012, 12:00am

Madagascar comes to Macau

Everyone knows that Macau has lots of attractions for adults, but what about the kids and teens?

Well, recently I swam on a beach, played awesome video games and visited Madagascar - all under one roof on the Cotai Strip!

First I went to the Galaxy Hotel's Madagascar 3 Summer Carnival.

22 Jul 2012 - 12:00am

Chips are down at Wynn Macau

Wynn Macau, the Hong Kong-listed unit of billionaire Steve Wynn's Las Vegas operation, reported a 7.1 per cent drop in second-quarter revenue as a slowing mainland economy makes gamblers more cautious at the gaming table.

Revenue dropped to US$907.6 million from US$976.5 million in the same quarter last year, according to a filing to the Hong Kong stock exchange.

19 Jul 2012 - 12:00am

Sands China gets approval to delay Macau casino construction

Sands China says the Macau government has given it more time to build a casino resort on a site in Cotai but expects to pay a penalty for the delay.

17 Jul 2012 - 12:00am

Time running out for Sands' casino project

Sands China, which operates four major casinos in Macau, is seeking more time to build a gaming resort in the gambling enclave.

13 Jul 2012 - 12:00am

Hiring crisis threatens Macau

As a rapidly growing gaming market, Macau is desperate for talented and experienced workers. The city had 28 million visitors, and enjoyed 21 per cent economic growth, last year - and is close to full employment.

23 Jun 2012 - 12:00am

Venetian is high roller for Sands China

Hong Kong-listed Sands China, an arm of Las Vegas casino mogul Sheldon Adelson's Sands Corp, said net profit rose 6.4 per cent to US$279.3 million for this year's first quarter from US$262.4 million a year earlier.

10 May 2012 - 12:00am

Wynn's profits rise but game plan is for Cotai

Wynn Macau, the Hong Kong-listed unit of Las Vegas casino mogul Steve Wynn, posted a 10 per cent year-on-year increase in first-quarter profit to US$209 million.

But one analyst says the company, which has a resort on the Macau peninsula, will continue to lose business to casinos on Macau's Cotai Strip until Wynn opens its own gaming house there.

9 May 2012 - 12:00am

SJM revenue soars as its Macau market share falls

SJM Holdings, a unit of Macau casino billionaire Stanley Ho Hung-sun's former Macau gaming monopoly, said revenue increased 8.5 per cent in the first quarter over the same period last year to a record HK$19.7 billion.

8 May 2012 - 12:00am

Go-ahead for Wynn Cotai casino

Casino developer and operator Wynn Macau, a unit of billionaire Steve Wynn's Las Vegas company, says it has received the green light on land for a casino in the Cotai district of Macau. It will be Wynn's second resort in the world's largest and most lucrative gaming hub.

3 May 2012 - 12:00am

Vegas of the East

INTRODUCTION

The year 2002 was a landmark for Macau, when its gaming industry was opened to competition. It became the main catalyst for strong economic growth, with the opening of new casinos such as Sands, Wynn and The Venetian.

3 May 2012 - 12:00am

Game for investors

Call it the Monte Carlo of the Orient, or Las Vegas of the East. Macau's gaming revenue reached a record 267.8 billion patacas last year, up 42 per cent year-on-year, and about six times of that of Las Vegas.

Macau's residential property market has skyrocketed. So hot was the market that the government imposed a special stamp duty last year to curb speculation.

3 May 2012 - 12:00am

Galaxy bets HK$16b on next phase on Cotai Strip

Macau casino operator Galaxy Entertainment said it plans to invest HK$16 billion in the second phase of its integrated resort Galaxy Macau.

27 Apr 2012 - 12:00am

Macau's 'game changer'

Macau has strengthened its position as an integrated travel destination in Asia with the opening of new facilities on the Cotai Strip.

They not only offer accommodation and casinos, but also retail, dining, entertainment and facilities for meetings, incentives, conventions and exhibitions.

25 Apr 2012 - 12:00am

GUIDE

ALTIRA SPA 15/F Avenida de Kwong Tung, Taipa, Macau, T (853) 2886 8886

Becca Lane Crawford IFC Mall, Central, T 2111 0125

BIOTHERM T 2506 3396

Cl?de Peau Beaut?Festival Walk, Kowloon, T 2265 8088

Isala Spa Level 3, Grand Hyatt Macau, City of Dreams, Estrada do Istmo, Cotai, Macau, T (853) 8868 1193

13 Apr 2012 - 12:00am

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