Tagged mgm cotai

MGM China Holdings Limited to benefit from contract extension

March 18, 2019

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

The recent decision by the government of Macau to extend the casino license of MGM China Holdings Limited by a further two years will allow the operator to improve its ‘capacity to finance the business’ and pre...

MGM China Holdings Limited benefits from MGM Cotai launch

Adam Morgan

February 14, 2019

Latest Casino and Gambling News, Casino News, Casino project updates, Economy/Finance, Macau

Asian casino operator, MGM China Holdings Limited, has released its financial results for 2018 showing that it had experienced a 33% increase year-on-year in group-wide revenues to $2.44 billion alongside an as...

Macau regulator grants Melco Resorts 40 mass gaming tables

K Morrison

January 20, 2019

Latest Casino and Gambling News, Casino News, Macau

Developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia, Melco Resorts and Entertainment Limited, (NASDAQ: MLCO), was, at the beginning of January, reportedly granted s...

Wynn Macau Limited to hand out employee ‘winter bonus’

Adam Morgan

January 16, 2019

Latest Casino and Gambling News, Economy/Finance, Macau, Labor Relations

Asian casino giant Wynn Macau Limited has reportedly declared that it will be rewarding eligible employees at its Wynn Palace Cotai and Wynn Macau integrated casino resorts with a ‘winter bonus’ set to be equiv...

MGM 2020 initiative launched by MGM Resorts International

Adam Morgan

January 4, 2019

Latest Casino and Gambling News, U.S.A., Economy/Finance

After recently seeing the value of its shares hit a two-year low, global casino operator MGM Resorts International has announced the launch of a new strategy that it hopes will reduce costs and improve efficien...

American gaming industry sees annual stock values decline

Adam Morgan

January 2, 2019

Casino Sales, Las Vegas, Latest Casino and Gambling News, 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...