Tagged hong kong

Macau posts second-week aggregated gross gaming revenues rise

September 14, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

The almost 40 casinos in Macau reportedly managed to rack up some $11.3 million in aggregated gross gaming revenues for the seven days from September 4 despite the continuing presence of coronavirus-related tra...

Uncertain future for Macau Legend Development Limited

Adam Morgan

September 14, 2022

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Licenses, Macau, Mergers, Acquisitions & Partnerships

In Macau and local gambling and hotel operator Macau Legend Development Limited has reportedly warned that it may not be able to continue as a going concern after chalking up a first-half net loss of approximat...

Summit Ascent Holdings Limited benefits from domestic Tigre De Cristal trade

Adam Morgan

August 24, 2022

Casino News, Latest Casino and Gambling News, Casino expansion projects, Gaming Industry News, Casino project updates, Economy/Finance, Russia

Summit Ascent Holdings Limited has released its interim half-year financial results showing that aggregated revenues increased by 37% year-on-year to approximately $22.6 million thanks to the strong performance...

Macau casinos sitting through second coronavirus-related lockdown

Adam Morgan

July 11, 2022

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Casino closures, Economy/Finance, Macau, Fines, Lawsuits & Litigation

In Macau and the government has reportedly ordered local casinos and most of the enclave’s other commercial businesses to close for at least a week in an attempt to fight the rising prevalence of coronavirus. ...

Linda Chen picked to serve as the next President for Wynn Macau Limited

Adam Morgan

July 7, 2022

Casino News, Latest Casino and Gambling News, Gaming Industry News, Employment & Careers, Macau

In Macau and local casino operator Wynn Macau Limited has announced that experienced industry figure Linda Chen (pictured) is to replace Ian Coughlan as its President from the first day of next March. The Ho...

Macau casino revenues continuing to be hit by the coronavirus pandemic

Adam Morgan

July 6, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Macau

The large collection of casinos in the Asian city of Macau reportedly saw their aggregated gross gaming revenues for June plummet by over 62% year-on-year to hit a 21-month low of just over $306.47 million. ...

Macau casino operators to be subject to new shareholding stipulations

Adam Morgan

June 13, 2022

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Licenses, Macau, Mergers, Acquisitions & Partnerships

In Macau and the draft gaming bill currently being scrutinized by lawmakers will reportedly contain a clause that is to ban any entity holding a casino concession or more than 5% of any such firm’s shares from ...

Digital yuan adoption forecast to benefit Macau’s casino industry

Adam Morgan

May 20, 2022

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Technology, Economy/Finance, Macau

Global investments research firm Sanford C Bernstein Limited has reportedly predicted that China could begin relaxing some of its controls on the movement of cash into Macau if the enclave was to adopt the digi...

Primorsky Krai extends casino tax relief measures as sanctions begin to bite

Adam Morgan

April 21, 2022

Casino proposals, Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, Gaming Industry News, Casino project updates, Economy/Finance, Taxation, Mergers, Acquisitions & Partnerships, Russia

As international sanctions begin to bite and the government for the Russian territory of Primorsky Krai has reportedly passed legislation to extend a range of tax relief measure for local casino operators by a ...

Genting Malaysia Berhad boss potentially interested in launching a cruise line

Adam Morgan

April 19, 2022

Casino News, Casino Cruise Ships, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Bankruptcy, Singapore

In Asia and speculation is reportedly mounting that the well-known Chairman for Genting Malaysia Berhad could reportedly be about to launch a new cruise line some three months after the liquidation of his Genti...

Melco Resorts and Entertainment Limited facing American de-listing

Adam Morgan

April 13, 2022

Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation

Asian casino operator Melco Resorts and Entertainment Limited could reportedly soon be de-listed from the Nasdaq bourse under rules adopted by the United States Securities and Exchange Commission in January. ...

Macau aggregated gaming revenues to remain in the coronavirus doldrums

Adam Morgan

April 12, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Macau

The over 40 casinos in Macau are reportedly forecast to see their aggregated gross gaming revenues for April fall by as much as 13% month-on-month to something in the region of $395.76 million. According to ...

Sands China Limited remaining optimistic despite credit utilization

Adam Morgan

April 5, 2022

Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Licenses, Macau, Mergers, Acquisitions & Partnerships

In Macau and the local Sands China Limited subsidiary of American casino operator Las Vegas Sands Corporation has reportedly announced that it has accessed $201 million from its various credit facilities for ‘g...

Stanley Choi Chiu Fai resigns International Entertainment Corporation posts

Adam Morgan

April 4, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Philippines

Asian leisure enterprise International Entertainment Corporation has reportedly announced that billionaire businessman Stanley Choi Chiu Fai (pictured) has stepped down as its Chairman and Executive Director. ...

Macau aggregated gross gaming revenues chalk up a disastrous March

Adam Morgan

April 1, 2022

Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Macau

The many casinos in Macau reportedly saw their aggregated gross gaming revenues for March drop by 55.8% year-on-year to a little over $454.9 million as China continued to enforce a range of coronavirus-related ...