Tag Archives: premium mass
- Melco Crown Q3 revenue up 24% thanks to premium mass focus
November 5, 2013
Asian casino operator Melco Crown Entertainment (MCE) posted a 24% gain in Q3 revenue thanks to strong performance by the mass market gambling segment at its flagship City of Dreams casino in Macau. Revenue rose to $1.252b while adjusted earnings were up 39% to $315.2m and net income hit $179.4m,...
- Macau casinos shatter old revenue record with $4.57b haul in October
November 1, 2013
Macau casino gambling revenue hit an all-time high of MOP 36.5b (US $4.57b) in the month of October, bludgeoning the previous record of MOP 31.34b ($3.92b) set this March. Analysts had projected this year’s Golden Week holiday travelers would likely gamble their way into the record books but the final...
- Macau regulators reclassify SJM tables from premium mass to VIP
May 30, 2013
Macau casinos’ increased focus on so-called ‘premium mass’ market tables is resulting in increased scrutiny by the local gaming regulator. The post-earnings call earlier this month by Macau concessionaire SJM Holdings revealed that Macau’s Gaming Inspection and Coordination Bureau (DICJ) had designated 28 of the gaming tables at SJM’s flagship...
- Has Macau’s premium-mass emphasis priced out consumers from its casinos?
May 25, 2013
Earlier this month, Nomura Equity Research predicted Macau’s gambling revenue would top $70b by 2017. But why stop there? Ben Toh, CFO of Sands China, told attendees of the G2E Asia’s Show Me The Money CFO roundtable that Macau’s annual haul could top $100b by 2020. Toh said Macau was...
- Shareholders okay PYE boutique casino; gear-makers preach ‘Made in Macau’
January 22, 2013
Shareholders in ports and infrastructure outfit PYI Corporation Ltd., have approved a deal for its subsidiary Paul Y. Engineering Group Ltd. (PYE) to proceed with plans to build and operate a boutique casino-hotel in Macau’s Coloane district. The plan involves PYE acquiring Falloncroft Investments Ltd., which owns the 65k-square-foot property...
Dragon Corp. wants to bring blockchain to Macau’s casino floors
September 25, 2017
Parisian Macao battling Legionnaires’ Disease outbreak
April 25, 2017
Macau night spots to hit when you’re not gambling
April 2, 2014