Crown Resorts Limited to offload more of its business Adam Morgan Latest Casino and Gambling NewsAustraliaEconomy/FinanceMacau October 20, 2016 0After seeing 18 of its representatives arrested in China over the weekend, Australian casino operator Crown Resorts Limited has now...
Karl Lagerfeld bringing Chanel-themed hotel to Grand Lisboa Palace Adam Morgan Latest Casino and Gambling NewsNew HotelsMacau October 19, 2016 0Internationally-renowned fashion designer Karl Lagerfeld has announced that he is partnering with SJM Holdings Limited to open a 270-room branded...
Macau commits to expanding international visitor numbers Adam Morgan Latest Casino and Gambling NewsConferences / Trade ShowsMacau October 18, 2016 0As part of the fifth annual Global Tourism Economy Forum, tourism authorities in Macau have laid out plans designed to...
Mass-market helps Macau casinos post rise in overall third-quarter revenues Adam Morgan Latest Casino and Gambling NewsEconomy/FinanceMacau October 18, 2016 0Led by the mass-market segment and despite a slight drop in baccarat takings, casinos in Macau have recorded a 1.2%...
Chinese authorities arrest 18 Crown Resort employees for alleged gambling recruitment activities Renee Kingsley Latest Casino and Gambling NewsAustraliaChinaIllegal BookmakingMacau October 16, 2016 0Authorities in China have arrested 18 Crown Resort employees and are questioning them in regards to their involvement in illegal...
Suspected embezzler of Macau casino junket investor funds finally caught Sadonna Price Latest Casino and Gambling NewsMacauFinancial Fraud October 13, 2016 0In 2014, it was reported that a representative of the Kimren Group, Huang Shan, was believed to have been stealing...
Macau turnaround sees analysts predict 5 to 9 percent Gross Gaming Revenue growth Renee Kingsley Latest Casino and Gambling NewsEconomy/FinanceMacau October 12, 2016 0Macau’s casino industry went through its biggest slump after Chinese President Xi Jinping launched an anti-corruption crackdown in early 2014...
Ferry ticket discount deal inked between Melco and Shun Tak Kim M Latest Casino and Gambling NewsMacauMergers, Acquisitions & Partnerships October 11, 2016 0A deal has been reached between Hong Kong-based Melco International Development Ltd, (HKG:0200), whose chairman is billionaire gaming mogul Lawrence...
Golden Week sets stage for third month of Macau recovery Lars Jones Latest Casino and Gambling NewsEconomy/FinanceMacau October 10, 2016 0Golden Week holiday saw visits from the Chinese mainland to Macau increased to about 970,000 from October 1 through 7...
Optimistic outlook for Macau gross gaming revenues Martin Chua Latest Casino and Gambling NewsEconomy/FinanceMacau October 6, 2016 0After recording two months of year-on-year growth following 26 months of consecutive declines, combined casino gross gaming revenues in Macau...
Galaxy Macau Casino Resort posts better-than-expected numbers Martin Chua Latest Casino and Gambling NewsEconomy/FinanceAsian Casino NewsMacau October 5, 2016 0Hong Kong-listed casino operator Galaxy Entertainment Group has revealed that its Galaxy Macau Casino Resort has reported better than expected...
Macau junket operator closes fourth VIP room and lets South Korea casino purchase lapse Adam Morgan Latest Casino and Gambling NewsMacauMergers, Acquisitions & Partnerships October 5, 2016 0After announcing last month that it had closed its high-roller operations at the Sands Cotai Central, the StarWorld Casino And...
Wynn Palace Macau experiencing “slow ramp-up” in mass-market operations Martin Chua Latest Casino and Gambling NewsEconomy/FinanceMacau October 4, 2016 0Since opening on August 22, the new $4.2 billion Wynn Palace Cotai resort casino from Wynn Resorts Limited has reportedly experienced...
VIP segment success helps Macau report rise in September gross gaming revenues Martin Chua Latest Casino and Gambling NewsEconomy/FinanceMacau October 3, 2016 0September saw casinos in Macau post a better-than-expected 7.4% increase year-on-year in combined monthly gross gaming revenues due in part...
Upcoming visit of Chinese Premier may adversely affect Macau VIP gaming business Adam Morgan Latest Casino and Gambling NewsEconomy/FinanceMacau October 1, 2016 0Casino owners in Macau are bracing themselves for a potential downturn in VIP high-stakes business following news that Chinese Premier...