Tagged mgm cotai

American gaming industry sees annual stock values decline

January 2, 2019

Casino Sales, Latest Casino and Gambling News, Las Vegas, Game manufacturers, Economy/Finance, Macau

The past twelve months have reportedly seen the aggregated value of stocks in the majority of Las Vegas-based gaming firms decline by over 30% year-on-year as investors wrestled with fears of a looming recessio...

Tak Chun Group inaugurates MGM Cotai junket service

Adam Morgan

November 1, 2018

Latest Casino and Gambling News, Casino News, Macau, Mergers, Acquisitions & Partnerships

After launching VIP gambling services for The Plaza Macao and Okada Manila venues earlier in the year, junket operator Tak Chun Group has now reportedly inaugurated a similar venture for the giant MGM Cotai int...

MGM Cotai to begin utilizing junket operators

Adam Morgan

August 22, 2018

Latest Casino and Gambling News, Casino News, Macau, Mergers, Acquisitions & Partnerships

In Macau, the recently-opened MGM Cotai venue is reportedly going to allow a pair of external junket operators to set up in-house VIP services from next month before bringing in a further trio of such partners ...

Tough second quarter for MGM Resorts International

Adam Morgan

August 3, 2018

Latest Casino and Gambling News, Casino News, Economy/Finance

MGM Resorts International reportedly saw its share price plummet to a 52-week low yesterday after the American casino giant revealed that its net income for the second quarter had fallen by 41% year-on-year to ...

No new live-dealer gaming tables for Morpheus

Adam Morgan

June 15, 2018

Latest Casino and Gambling News, Casino News, New Hotels, Licenses, Macau

Ahead of the opening later today of its new Morpheus hotel, Asian casino operator Melco Resorts and Entertainment Limited has reportedly not been given permission to bring any new-to-market live-dealer gaming t...

MGM China Holdings Limited shareholders approve lower annual dividend

Adam Morgan

May 25, 2018

Latest Casino and Gambling News, Economy/Finance, Macau

Asian casino operator MGM China Holdings Limited welcomed shareholders to its annual general meeting yesterday and the investors reportedly used the occasion to approve a year-end dividend of HK$0.097 ($0.012) ...

Paradise Entertainment Ltd deploys LMG terminals at two Macau properties

K Morrison

February 26, 2018

Latest Casino and Gambling News, Casino News, Game manufacturers, Macau, Mergers, Acquisitions & Partnerships

Hong Kong-based casino equipment maker and gaming services provider Paradise Entertainment Ltd. (SEHK: 1180) has reportedly deployed a total of 267 of its Live Multi Game (LMG) terminals at two Macau casinos. ...

Successful year for MGM Resorts International

Adam Morgan

February 22, 2018

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

American casino giant MGM Resorts International has released its unaudited financial results for the twelve months to the end of December showing that it experienced an almost 80% increase year-on-year in net i...

MGM Resorts opens $3.4 billion MGM Cotai

K Morrison

February 13, 2018

Latest Casino and Gambling News, Casino openings, Macau

Having sent out a media invitation on Feb. 6, MGM Resorts International Holdings, Ltd, parent company to MGM China Holdings Ltd (2282:Hong Kong), on Tuesday held the grand opening for its HKD27-billion (US$3.45...

MGM China sends invites for MGM Cotai Feb 13 “grand opening”

K Morrison

February 6, 2018

Latest Casino and Gambling News, Casino News, Casino project updates, Macau

A media invitation for the February 13 “grand opening” of its MGM Cotai was reportedly issued on Tuesday by MGM China Holdings Ltd. After having delayed the opening of its Cotai development several times, the M...

MGM China Holdings Limited asked to investigate new technology

Adam Morgan

February 5, 2018

Latest Casino and Gambling News, Casino News, Technology, Macau, Labor Relations

After last week saw employees at its MGM Macau property stage a demonstration concerning the amount of a one-off pay bonus, MGM China Holdings Limited is now reportedly facing calls to investigate the impact ne...

Macau casino workers stage demonstrations

Adam Morgan

January 31, 2018

Latest Casino and Gambling News, Macau, Labor Relations

In Macau, employees of local casino operator MGM China Holdings Limited reportedly staged demonstrations on Sunday and Monday in protest at the firm’s refusal to grant its non-management staff a one-off bonus e...

MGM Cotai allocated 125 tables, 77 more may be transferred

Lars Jones

January 25, 2018

Latest Casino and Gambling News, Casino project updates, Licenses, Macau

The DICJ, Macau’s Gaming Inspection and Coordination Bureau, has allocated MGM China Holdings Ltd 125 new to market tables for their MGM Cotai property which is expected to open in February. The tables will be ...

Optimistic prediction sends Macau share prices soaring

Adam Morgan

January 18, 2018

Latest Casino and Gambling News, Economy/Finance, Macau

Share prices for some of the biggest casino operators in Macau have reportedly climbed considerably this week following the publication of a report from brokerage firm Sanford C Bernstein Limited that claimed t...

MGM Cotai to open from February 13

Adam Morgan

January 9, 2018

Latest Casino and Gambling News, Casino News, Casino openings, Macau

After delaying the opening of its MGM Cotai development several times, American casino giant MGM Resorts International has now reportedly declared that it intends to hold an ‘official grand opening ceremony’ fo...