Macau's VIP baccarat revenues nearly doubled in the second quarter, rising 98.7 per cent from a year earlier to a record 32.37 billion patacas on an influx of mainland high rollers flush with easy access to cheap credit.Saturday, 17 July, 2010, 12:00am
Macau casino developer Melco Crown Entertainment narrowed losses in the fourth quarter of last year, as pay cuts and other cost-saving measures softened the blow from falling casino revenue.
The Nasdaq-listed owner of the Crown Macau hotel-casino said revenue fell 14.1 per cent from the previous quarter on a plunge in betting volume among high rollers.25 Feb 2009 - 12:00am
Slot-machine makers hoping for a bigger slice of Macau's booming casino pie are setting themselves up for failure. Many from the US are lured by the prospect of a huge market, with slot machines accounting for less than 5 per cent of annual gaming revenue in the former Portuguese enclave, compared with 80 per cent in Las Vegas.7 Jun 2008 - 12:00am
Macau casino operators have kicked off the year with a price war and the most likely loser in a battle for share in the high rollers' market will be profit margins.25 Mar 2008 - 12:00am
A top casino developer plans to launch VIP charter flights between Hong Kong and Las Vegas with baccarat tables. What do you think of the idea and if you could afford it, would you join one of the flights? Write to us17 Feb 2008 - 12:00am
High-rollers' illegal side wagers cuts stake for casinos, taxman
Macau may have lost more than HK$100 billion in casino revenue and HK$40 billion in taxes in the past five years due to an illegal but widespread form of under-the-table betting.10 Dec 2007 - 12:00am
'Let me tell you a little bit about skims. There is no casino, in this country at least, that is capable of defending itself against a skim. There are no safeties.10 Dec 2007 - 12:00am
You don't have to be a high roller to like your gambling stakes high. Slot machines manufactured for the Asian market are designed to have less frequent pays, but a better chance of big wins.
International Game Technology Asia's managing director John Gomes said there was no doubt Asian gamblers preferred the idea of big payouts.30 Nov 2007 - 12:00am
Growing competition, higher commission payments and rising staff costs contributed to the first drop in operating profit at the Sands Macau casino since it opened in 2004.
First-quarter profit fell 3.6 per cent year on year to US$90.56 million, despite a 24.4 per cent increase in turnover - to a record US$346.1 million.4 May 2007 - 12:00am
The mainland's ban on gambling has been in place since the People's Republic was founded in 1949. It will not be lifted lightly.
But as increasing numbers of mainlanders flock to casinos elsewhere in the world, questions are being raised about the wisdom of maintaining this policy. And these questions require serious consideration.17 Dec 2004 - 12:00am
A Hong Kong high roller who blew $4 million in a week-long gambling spree at two Las Vegas casinos has been issued with separate High Court writs demanding the debts be cleared.
Between January 26 and 29 last year, Tony Lo Man lost US$273,000 (HK$2.13 million) at Parball Corporation's Paris Las Vegas casino, according to one of the writs filed yesterday.20 Mar 2002 - 12:00am
Two punters are being sued by a Las Vegas casino over separate 24-hour gambling sprees in which they are alleged to have blown almost HK$4 million.
The Las Vegas Hilton is demanding the pair repay money loaned to them by the previous managers of the casino to buy gambling chips late last year.20 May 1999 - 12:00am
As Asian economies continue to falter, there must be some comfort in the fact that people in this part of the world remain in the premier league when it comes to gambling.
This thought came to mind as more news was received from Australia about the sharply-declining fortunes of the glitzy palace on the Yarra River, Melbourne's Crown Casino.31 Dec 1997 - 12:00am
Businessman Allan Zeman has just returned from a trip to Melbourne and couldn't stop talking about the new Crown Casino and Hotel he visited.10 Oct 1997 - 12:00am
REMEMBER Zee Breeze II, property and garment tycoon Allan Zeman's luxury 38-metre yacht that was stolen from its moorings at Aberdeen Marina three months ago? Word is that the boat has been converted into a casino and is taking high-rollers from China on nightly gambling cruises within the safety of the mainland's territorial waters.13 Jan 1994 - 12:00am