Asia News - Page 11
Inside Gaming: Macau in a free-fall and taking Wynn Resorts with it
3 June 2015
Wynn Resorts stock on Monday closed below $100 per share for the first time since December 2010 after Macau reported its 12th straight monthly dip.
Macau experiences 12th straight month of gaming revenue decline2 June 2015
Casino operators worry that the Macau government's plans to implement a smoking ban could further erode the market.
Macau May gambling revenue tumbles1 June 2015
Macau revenue tumbled 37 percent in May.
XcelMobility launches Afterburner platform for mobile lottery players28 May 2015
The online lottery service provider plans to install Afterburner Wi-Fi networking nodes in the many kiosks and small shops around China's cities.
Galaxy Phase II will open with 150 gaming tables25 May 2015
150 new gaming tables permitted at Galaxy Macau Phase II which will open this week.
Macao confident on expansion20 May 2015
Macau development continues unabated with three new casino properties on the horizon.
Analyst sees no 'silver bullets' to Macau turnaround19 May 2015
Goldman Sachs gaming analyst Steven Kent has downgraded his stock price projections for Wynn Resorts Ltd., Las Vegas Sands Corp. and MGM Resorts International.
Inside Gaming: Portugal and Macau forever linked despite distance of 6,800 miles13 May 2015
The Portuguese colonized Macau in the 16th century as the first European settlement in the Far East. In 1987, China and Portugal signed an agreement to create the Macau Special Administrative Region and the area was returned to Chinese rule in December 1999.
Cambodia: Police crackdown on gambling8 May 2015
New police chief comes to Sihanoukville with strong words and threats to jobs of police officers who fail to curb illegal gambling activities in the province.
Mohegan tribe to partner on South Korean airport casino22 April 2015
Mohegan Tribe propose to partner with South Korean airport to build casino complex.
AGA would help Japan on casinos17 April 2015
AGA president touts US offer of information and experience to Japan, if they legalize casinos.
Japan casino legalisation bill won't be introduced this week30 March 2015
Introduction of legislation to legalize casino gambling in Japan further delayed.
Inside Gaming: Macau top official's speech not the message Las Vegas wanted to hear25 March 2015
Macau Chief Executive Fernando Chui told lawmakers on Monday the Special Administrative Region had entered an “adjustment” period of slower and stable growth.
Inside Gaming: Chinese government almost seems to be purposely torpedoing Macau16 March 2015
Nine straight months of casino revenue declines, including a record 49 percent drop in February, are primarily because of a government-imposed crackdown on corruption.
Wynn Resorts to rake in $511 million dividend from Macau subsidiary9 March 2015
The move comes as Macau’s casino market is in an unprecedented gaming revenue nosedive.
Nevada Judge considers sanctions against Sands China Ltd.9 March 2015
District Judge Elizabeth Gonzalez, who heard nearly five hours of legal arguments on the topic last Tuesday, said she plans to issue a written decision by early this week.
Feb. decline marks Macau's worst gaming revenue month since 20119 March 2015
Despite what is normally a lucrative time period, the annual Chinese New Year, the region reported an overall gaming revenue total of $2.44 billion.
Macau gaming revenues fall a record 49 percent in February9 March 2015
Casinos collected $2.44 billion from gamblers during the month, a drop of 49 percent. A year ago, Macau casinos collected a single-month industry high of $4.8 billion.
Macao: Casino revenue drop6 March 2015
February a harsh month for Macau with 48.6 percent decline in gambling revenue.
Macao: casino revenue drop4 March 2015
February a harsh month for Macau with 48.6 percent decline in gambling revenue.
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