Tag Archives: Neptune Group
- Neptune Group proposes name change as junket biz dries up
August 27, 2017
Macau casino junket operator Neptune Group is betting that a corporate rebrand will help reverse the group’s sagging fortunes. On Friday, the Neptune Group Ltd informed the Hong Kong Stock Exchange that it planned to change the English language name of the company to Rich Goldman Holdings Ltd. The company...
- Macau casinos extend revenue winning streak to one year
August 1, 2017
Macau casinos have now grown their gaming revenue for 12 consecutive months, as VIP gamblers continue to migrate back to their traditional home. Figures released Tuesday by Macau’s Gaming Inspection and Coordination Bureau (DICJ) show July’s gaming revenue hitting MOP 23b (US $2.86b), a 29% gain over the same month...
- Venetian Macau pulls the plug on Neptune junket
June 2, 2017
Venetian Macau has cancelled the right of one of Neptune Group’s junket partners to run high roller tables on the integrated resort’s casino floor, the junket operator revealed. The Hong Kong-listed casino junket operator has rights in sharing profit streams from four junket businesses in Macau: Hou Wan, Neptune Ouro,...
- Neptune Group turns in profit
February 27, 2017
Macau casino junket operator Neptune Group Ltd. reported a net profit of HKD25.9 million (US$3.3 million) for the six months ended December 31, 2016, a turnaround from the net loss of HKD257 million ($33.11 million) in the prior-year period. Neptune announced in a regulatory filing on Friday that reported revenue...
- Macau junket operator herd continues to thin
January 24, 2017
The ranks of Macau’s casino junket operators continue to shrink despite recent signs of life in the VIP gambling market. On Friday, Macao Daily News quoted Gaming Inspection and Coordination Bureau (DICJ) director Paulo Martins Chan saying the DICJ planned to authorize “slightly more than 120” VIP gaming promoter licenses...
- Neptune turns to money lending to offset VIP gambling slump
December 23, 2016
Macau junket operator Neptune Group finally turned in its annual report this week, and the results reflect the challenges facing the overall junket industry. On Wednesday, Neptune filed papers with the Hong Kong Stock Exchange detailing its financial results for the 12 months ending June 30. The report was supposed...
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