Mgm China Holdings Limited | World Casino News

Macau second-quarter aggregated earnings shortfall expected to top $1 billion

July 6, 2020

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

The lingering impacts of the coronavirus pandemic will soon reportedly prompt the six licensed casino operators in Macau to detail combined second-quarter deficits in earnings before interest, tax, depreciation...

MGM China Holdings Limited secures enlarged credit facility

Adam Morgan

May 27, 2020

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

Macau casino operator MGM China Holdings Limited has reportedly announced that it has been granted a new revolving credit facility that it will utilize to help its business survive the recent slowdown caused by...

Macau casino tycoon Stanley Ho Hung Sun passes away at the age of 98

Adam Morgan

May 26, 2020

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

One of the key men responsible for transforming Macau into the world’s premiere casino hotspot, Stanley Ho Hung Sun (pictured), reportedly passed away at a Hong Kong hospital early this morning at the age of 98...

MGM Resorts International bemoans performance of Macau subordinate

Adam Morgan

April 24, 2020

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

American casino operator MGM Resorts International has reportedly announced that its MGM China Holdings Limited subsidiary expects to record a decline of 63% year-on-year in first-quarter net revenues to approx...

Brian Sandoval leaving international post at MGM Resorts International

Adam Morgan

April 3, 2020

Latest Casino and Gambling News, Las Vegas, Gaming Industry News, Employment & Careers

American casino operator, MGM Resorts International, has reportedly announced that Brian Sandoval (pictured) has resigned as its Global Gaming Development President so as to pursue the top administrative job at...

Wynn Macau Limited decides to forego annual dividend payment

Adam Morgan

March 31, 2020

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

The Wynn Macau Limited subsidiary of American casino operator Wynn Resorts Limited has reportedly announced that its board has decided not to pay investors a final dividend on its 2019 financial performance. ...

Dividend decisiveness for MGM China Holdings Limited

Adam Morgan

March 27, 2020

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

Macau casino operator MGM China Holdings Limited has reportedly announced that its board has recommended spending just over $40.69 million so as to pay investors a final dividend on its 2019 financial performan...

Bill Hornbuckle appointed new boss of MGM Resorts International

Adam Morgan

March 23, 2020

Latest Casino and Gambling News, Las Vegas, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Employment & Careers

American casino operator, MGM Resorts International, has announced that Bill Hornbuckle (pictured) has been selected to replace the outgoing James Murren as its latest Chief Executive Officer. The Las Vegas-...

Coronavirus fears continue to send casino share prices plummeting

Adam Morgan

March 20, 2020

Latest Casino and Gambling News, U.S.A., Casino News, Casino closures, Gaming Industry News, Economy/Finance, Macau

Ongoing anxieties concerning the global coronavirus pandemic have recently sent stock prices falling around the world while yesterday reportedly saw the value of shares in Macau’s six licensed casino operators ...

MGM Resorts International cancels share buy-back plans

Adam Morgan

March 13, 2020

Latest Casino and Gambling News, Las Vegas, Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships

Anxieties over the financial impact of the ongoing coronavirus outbreak have reportedly prompted American casino operator MGM Resorts International to cancel its plan to buy back shares worth approximately $1.2...

MGM China Holdings Limited suffering from coronavirus fears

Adam Morgan

March 12, 2020

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

The price of shares in Asian casino operator MGM China Holdings Limited reportedly fell to its lowest level in just over four years on Tuesday due to investor anxieties over the ongoing outbreak of a coronaviru...

Pansy Ho offloads another significant MGM Resorts International stake

Adam Morgan

November 23, 2019

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

In Macau, the Co-Chair for local casino operator MGM China Holdings Limited, Pansy Ho (pictured), has reportedly made approximately $140.2 million after offloading a 0.87% stake she held in parent firm MGM Reso...

Macau getting new Beijing-backed Chief Executive in Ho Iat Seng

Adam Morgan

August 26, 2019

Latest Casino and Gambling News, Gaming Industry News, Licenses, Macau

In Macau and local businessman Ho Iat Seng (pictured) has reportedly been selected to replace the outgoing Fernando Chui Sai On and serve as the former Portuguese enclave’s third ever Chief Executive. Accord...

Macau records significant rise in half-year casino exclusion requests

Adam Morgan

July 18, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, The Players Lounge, Macau

The first half of 2019 reportedly saw Macau’s Gaming Inspection and Coordination Bureau regulator record an increase of almost 25% year-on-year in the number of casino exclusion requests. According to a Wedn...

Suncity Group’s prospects of winning a Macau casino license possibly injured

Adam Morgan

July 12, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Online gambling regulation, Gaming Industry News, Licenses, Online Gambling News, Macau

Recent allegations that Asian junket operator Suncity Group has been illegally offering ‘proxy’ online gaming services may have seriously hurt the firm’s prospects at obtaining a land-based casino license in Ma...