Tagged sands china limited

Competition hurts half-year results at SJM Holdings Limited

August 3, 2017

Latest Casino and Gambling News, Economy/Finance, Macau

Macau casino operator SJM Holdings Limited has released its unaudited consolidated interim financial results for the first six months of 2017 showing a 1.9% decrease year-on-year in net revenues to $2.64 billio...

Construction on Grand Lisboa Palace remains suspended

Adam Morgan

June 28, 2017

Latest Casino and Gambling News, Casino project updates, Macau

Ten days after a construction worker fell 33 feet to his death and all building activities on the $4.6 billion Grand Lisboa Palace in Macau reportedly remain suspended pending the outcome of an official investi...

Las Vegas Sands Corporation may offload portion of Marina Bay Sands

Adam Morgan

February 2, 2017

Casino Sales, Latest Casino and Gambling News, Casino News, Singapore

In Singapore, giant casino operator Las Vegas Sands Corporation is reportedly hoping to sell off a large stake in its shopping mall inside the Marina Bay Sands development before potentially using the proceeds ...

Macau casino industry sees sixth straight month of revenue increases

Adam Morgan

February 1, 2017

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

In Macau, aggregated gross gaming revenues increased for a sixth consecutive month year-on-year in January although the 3.1% rise to $2.4 billion reportedly fell short of some analysts’ previous estimates by an...

Hard Rock Cafe International Incorporated establishes Japanese subsidiary

Adam Morgan

January 31, 2017

Latest Casino and Gambling News, Casino News, Japan

American casino operator Hard Rock Cafe International Incorporated has announced the establishment of a dedicated Japanese subsidiary set to be led by former Sands China Limited boss Edward Tracy. Orlando-ba...

Mixed financial results for Las Vegas Sands Corporation

Adam Morgan

January 27, 2017

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

American casino giant Las Vegas Sands Corporation has released its financial results for the twelve months to the end of December showing a 2.3% decrease year-on-year in overall revenues to $11.41 billion while...

Macau casino operators premiere 50 new gaming tables

Adam Morgan

January 19, 2017

Latest Casino and Gambling News, Casino News, Macau

In Macau, Wynn Macau Limited and Sands China Limited have each reportedly been granted permission to operate 25 new live-dealer gaming tables after applying for authorization under the provisions of a governmen...

New survey sheds light on Macau gambling market

Adam Morgan

January 14, 2017

Latest Casino and Gambling News, Casino News, Macau

A new survey has indicated that gambling remains the main reason most mainland Chinese tourists visit Macau although non-gaming activities are increasingly becoming an important draw factor. According to the...

Macau casino workers demonstrate for pay increases

Adam Morgan

January 10, 2017

Latest Casino and Gambling News, Macau, Labor Relations

In Macau, about 200 casino workers reportedly held a demonstration on Monday calling for a 5% pay rise and legislation that would allow trade unions to call strikes and better represent their members. Accord...

Conservative prediction for Macau 2017 gross gaming revenues

Adam Morgan

November 16, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

The head of the government in Macau has given a conservative aggregated gross gaming revenues forecast for next year that is around 13% below some analysts’ 2017 estimates despite a recent recovery that has see...

Mohegan Sun hires ex-Sands exec Robert Rubenstein

K Morrison

October 27, 2016

Latest Casino and Gambling News, Tribal Gaming, Connecticut, Mergers, Acquisitions & Partnerships

In a press release on Tuesday, October 25, the Mohegan Tribal Gaming Authority, operator of Connecticut’s Mohegan Sun, announced the hiring of Robert Rubenstein as its new senior vice president and general coun...

Galaxy Macau Casino Resort posts better-than-expected numbers

Martin Chua

October 5, 2016

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

Hong Kong-listed casino operator Galaxy Entertainment Group has revealed that its Galaxy Macau Casino Resort has reported better than expected customer numbers and expenditure over the first three days of the G...

Wynn Palace Macau experiencing “slow ramp-up” in mass-market operations

Martin Chua

October 4, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Since opening on August 22, the new $4.2 billion Wynn Palace Cotai resort casino from Wynn Resorts Limited has reportedly experienced a “slow ramp-up” of its mass-market gaming operations. According to Monda...

VIP segment success helps Macau report rise in September gross gaming revenues

Martin Chua

October 3, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

September saw casinos in Macau post a better-than-expected 7.4% increase year-on-year in combined monthly gross gaming revenues due in part to the VIP segment likely reporting its first rise in takings in some ...

Las Vegas Sands Corporation may consider further themed Macau casino resorts

Martin Chua

September 13, 2016

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

Las Vegas Sands Corporation could soon consider the possibility of building additional themed casino resorts in Macau including developments based around the iconic sights and sounds of London or San Francisco....