Tag Archives: Hengqin
- MGM China sets sights on resort in Hengqin; Widus International planning PH casino expansion
December 19, 2014
MGM China has reportedly set its signs on a non-gaming investment on Hengqin island after CEO Grant Bowie was quoted as saying that projects in the island neighboring Macau has generated a lot of interest among operators and that MGM China will be “an active participant there.” Bowie didn’t elaborate...
- Galaxy Entertainment to build $1.6 billion resort on Hengqin Island
March 20, 2014
The casino arms race in Macau has no plans of slowing down and Galaxy Entertainment is right in the middle of it. But the Lui Che-woo-owned company is looking at the horizon and part of that plan got rolling recently when the company signed a framework agreement to build a 10...
- Macau casinos’ annual revenue defies expectations by growing 18.6% in 2013
January 2, 2014
Macau casinos earned a whopping MOP 360.75b (US $45.2b) in 2013, an 18.6% improvement over 2012’s total haul of MOP 304b. The growth also eclipsed 2012’s rate of 14% and beat virtually all analysts’ predictions, most of which had suggested something in the 12-15% range. The bounty was also achieved...
- Macau facing VIP slowdown, mass market surge, Beijing’s ire
September 25, 2013
Macau casinos could suffer a VIP gambling slowdown early in the new year, if economic indicators from the Chinese mainland follow traditional patterns. Wells Fargo & Co. says ‘social financing’ aka credit activity on the mainland went on a tear over the first half of 2013, but has since tightened...
- Singapore advertising changes; Macau’s Hengqin hopes; Borneo gambling bust
November 26, 2011
Further light has been shed on the new advertising and promotional restrictions imposed on Singapore’s two integrated resort casinos. In future, all such marketing efforts by Marina Bay Sands and Resorts World Sentosa will require prior approval by the Casino Regulatory Authority (CRA). The changes have been made to ensure...
Philippines can overtake Singapore, but with higher risk
March 21, 2017
Parisian Macao battling Legionnaires’ Disease outbreak
April 25, 2017