Tag Archives: MGM China
- Typhoon Hato delays MGM Cotai opening until January 29
September 29, 2017
Casino operator MGM China says it’s pushing back the opening of its new integrated resort in Macau due to damage caused by Typhoon Hato. In a filing with the Hong Kong Stock Exchange on Friday, MGM China said its previously stated Q4 2017 timeline for the opening of its in-development...
- Galaxy, MGM China announce pay hike for Macau staff
March 9, 2017
Two more casino operators are joining Sands China in giving their Macau staff a salary increase. Galaxy Entertainment Group announced that eligible staff members who have joined the company on or before April 1, 2017 and have "satisfactory performance" will have a "performance-based salary adjustment ranging from 2.5 percent to...
- MGM Is a Great Buy Right Now
February 23, 2016
MGM stock has not had a great start to the year. Neither has the rest of the US market of course. MGM is down 17.5% year to date with the S&P down 5%. A look at the headlines for MGM could give the impression, which I believe false, that MGM...
- Macau casino operators positive on CNY period
February 12, 2016
Macau casino operators MGM China Holdings Ltd. and Sands China are expecting growth in their business for the Chinese New Year (CNY) period. Macau welcomed the Year of the Monkey this week and during the celebration, MGM CEO and executive director Grant Bowie told reporters that the company’s performance during...
- Iao Kun Group turnover falls 59%; MGM China loses “about three” VIP rooms
February 5, 2016
Macau casino junket investor Iao Kun Group Holding Ltd (IKGH) began 2016 the way it finished 2015: in the dumps. On Wednesday, IKGH announced that rolling chip turnover at its Macau VIP gaming room operations came to $330m in January. That’s a 59% decline from the same month last year,...
- MGM China gets banks’ nod to adjust $3B loan terms, reports say
January 27, 2016
MGM China Holding Ltd. has reportedly received approval from majority of its lenders to amend the terms of its HKD23.4 billion (US$3 billion) loan. A Bloomberg Business report quoted sources with knowledge of the matter who said the Macau unit of Las Vegas-based MGM Resorts International has gotten a nod...
CrownBet launches new TV ad, but won’t mention betting
September 26, 2016
Dragon Corp. wants to bring blockchain to Macau’s casino floors
September 25, 2017
Parisian Macao battling Legionnaires’ Disease outbreak
April 25, 2017
Melco Crown preps rebirth as Melco Resorts & Entertainment
March 17, 2017