Tag Archives: VIP gaming market
- Fitch Ratings projects 12% GGR growth in Macau for 2017
April 20, 2017
International credit debt watcher Fitch Ratings projects Macau’s gaming revenue will grow 12 percent this year amid the possible monetary tightening and increased real estate restrictions in mainland China. Fitch issued its latest note just a day after Macau’s Gaming Inspection and Coordination Bureau announced that the former Portuguese enclave’s...
- Macau VIP revenue posts first quarterly gains in over two years
January 17, 2017
You might want to sit down before hearing this, but Macau casinos’ VIP gaming revenue actually posted positive growth in the final quarter of 2016. Figures released Monday by Macau’s Gaming Inspection and Coordination Bureau (DICJ) covering the final three months of 2016 show VIP baccarat revenue of MOP 33.3b...
- Junket Neptune Group closes books for 2015 with $33M loss
March 1, 2016
Junket operator Neptune Group continued its “spectacular” downward slide through the end of 2015, posting a net loss of HKD257 million (US$33.1 million) for the second half of the past year. In a filing with the Hong Kong Stock Exchange on Monday, the VIP gambling operator said its financial performance...
- The Star fully booked ahead of Chinese New Year
February 4, 2016
Sydney hotel and casino The Star is fully booked ahead of the Lunar New Year celebrations. The Chinese New Year celebrations kick off on Monday, February 8 and for the casino industry, especially in Macau, it's one of the most important events on the calendar as the majority of Chinese...
Parisian Macao battling Legionnaires’ Disease outbreak
April 25, 2017