MGM China, a Macau casino operator, reported third-quarter profit that missed analyst estimates amid rising competition in the world's largest gambling market.Saturday, 2 November, 2013, 3:13am 1 comment
The joint venture between Pansy Ho Chiu-king and MGM Resorts International now runs one casino on the Macau peninsula. It lacks a presence on the busy Cotai strip, which hosts a cluster of casinos operated by rivals including Sands China and Galaxy Entertainment.28 Feb 2013 - 5:24am
Macau casino operator MGM China declared a special dividend of HK$1.02 per share as it posted unaudited earnings before interest, taxes, depreciation and amortisation of HK$5.31 billion last year, up 7.7 per cent from 2011.21 Feb 2013 - 6:07am
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
Investors OK takeover bid by News Corp1 Nov 2012 - 4:48am
Macau casino operator SJM has finally secured a piece of land at Cotai. It is the last to do so among the six gaming companies that are authorised to operate casino games in the enclave.
The flagship company of gaming tycoon Stanley Ho Hung-sun said last night it has accepted a land concession contract from the Macau government and plans to build a casino resort on the Cotai site.20 Oct 2012 - 11:27am
Casino operator MGM China announced yesterday that it would develop a five-star luxury resort and casino with 500 tables in Cotai, the new gaming hot spot in Macau.
The company said it paid 450 million patacas as initial payment for a 25-year land lease from the government. The lease can be extended later.19 Oct 2012 - 3:33am