Asia News - Page 10

The International Union of Operating Engineers has identified two financial companies controlled by the Cheung family, which has ties to the "Neptune" gambling operation in Macau.

China's shock currency devaluation is not expected to hit Macau's casinos.

This year's conference will be titled 'The Macao Tourism and Culture Summit 2015 at the Macao Gaming Show' and will feature more than 15 sessions.

Despite 14 straight months of revenue decline, both for the Macau market generally and for Las Vegas Sands, Adelson says expects his company to "grow and prosper."

Melco Crown Entertainment's latest development project is a Hollywood-themed gaming and entertainment resort in Macau.

34 percent decline in Macau gross gaming revenue, fifth month straight revenue fell.

The prominent lawyer believes the show is a perfect opportunity to discuss the challenges of the enormous but troubled Macao gaming market.

Net revenues were down compared to the second quarter of 2014, largely as a result of the ongoing revenue decline in the Macau market.

Macau has seen an increase in the number of people applying for self-exclusion at casinos.

While the company did still turn a profit, it reported a 19.4 percent decline in revenues and a 30.1 percent decline in profits from last quarter.

A private investigator's report has revealed China's fears that Macau Sands were in league with the CIA.

GB Media marketed the 2014 Macao Gaming Expo, and in 2015 will focus on developing the show's standing as a leading industry expo.

The ban is almost certain to further cut into Macau's already-declining gaming revenues, raising speculation about the political motivations behind the ban.

The company's VIP rooms in Macau have seen a 60 percent decline year-over-year.

This June was the 13th straight month of declining gaming revenue in Macau, but there was still good news to be found.

Macau's June gross gaming revenue down 36.2 percent.

A request has been filed to unseal the confidential reports, which some believe may reveal links between Las Vegas Sands Corp. and Chinese organized crime syndicates.

The company's credit agreement increased to $1.55 billion in addition to a $1.45 billion revolving line of credit, with the maturity date extended to 2019.

Macau casino stocks fell on the news that analysts had lowered their revenue forecasts for June.

Companies that operate casinos in Macau have seen share prices decline recently as the Macau gaming market loses revenue, but analysts believe May's uptick in prices may be a sign that the market is starting to stabilize.