Tag Archives: MGM China
- 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...
- Sands China seeks Parisian delay; MGM Cotai stays on target; SJM VIP room closes
August 21, 2015
Casino operator Las Vegas Sands won’t make its original deadline for opening its new Parisian Macao resort casino. LVS’ Asian division Sands China reported its H1 earnings last week, and the report contained a warning that its in-development $2.7b Parisian property on Macau’s Cotai strip might not meet its April...
Parisian Macao battling Legionnaires’ Disease outbreak
April 25, 2017