Tag Archives: Macau
- As VIP market rebounds, Macau keeps tight reins on junkets
November 14, 2017
Macau authorities plan to keep closer tabs on junket operators and take other steps to make the local casino industry more efficient and responsible. On Tuesday, Macau Chief Executive Fernando Chui gave his annual policy address, laying out the government’s priorities for the special administrative region in 2018. Among these...
- Macau Legend finally unloads Landmark Macau hotel-casino
Casino services firm Macau Legend Development Ltd has finally sold its stake in the Landmark Macau hotel casino, bringing an end to a process that has been going on for a couple years. Last week, David Chow’s Macau Legend informed the Hong Kong Stock Exchange that it had sold its...
- Galaxy Entertainment Group posts $2B in Q3
November 9, 2017
Third quarter revenue of Hong Kong-listed casino operator Galaxy Entertainment Group (GEG) climbed by as much 23 percent despite increased competition in Macau and from neighboring gambling jurisdictions. In a regulatory filing, GEG announced that its third quarter revenue was at HK$15.9 billion (US$2.0 billion) compared to last year’s HK$12.9...
- Murren: MGM bookings rebounded after Las Vegas mass shooting
Things are almost back to normal inside MGM Resorts International a month after a gunman opened fire from one of its Las Vegas buildings and killed 59 people. MGM Chief Executive Officer Jim Murren told investors during Wednesday’s earnings call that the series of cancellations in MGM Resorts International Grand...
- Lionel Leong: Macau casino winning streak to continue in 2018
November 6, 2017
The Macau government has expressed optimism that the best is yet to come for the former Portuguese enclave as it predicts higher casino gross gaming revenue (GGR) next year. Macau Daily Times reported that Macau Secretary for Economy and Finance Lionel Leong is predicting double-digit gaming revenue growth in 2018...
- Macau, Philippines lift Melco Resorts Q3 earnings
November 3, 2017
Nasdaq-listed casino operator Melco Resorts and Entertainment pulled a third quarter surprise as its revenues for the period beat analysts’ expectations. The company announced in a disclosure to the US bourse that the firm’s net revenue for the 92-day period ending on September 30, 2017 was up 19 percent to...
Okada Manila eyes Philippine backdoor listing
May 2, 2017