Asia News - Page 11

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.

Casino operators worry that the Macau government's plans to implement a smoking ban could further erode the market.

Macau revenue tumbled 37 percent in May.

The online lottery service provider plans to install Afterburner Wi-Fi networking nodes in the many kiosks and small shops around China's cities.

150 new gaming tables permitted at Galaxy Macau Phase II which will open this week.

Macau development continues unabated with three new casino properties on the horizon.

Goldman Sachs gaming analyst Steven Kent has downgraded his stock price projections for Wynn Resorts Ltd., Las Vegas Sands Corp. and MGM Resorts International.

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.

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 propose to partner with South Korean airport to build casino complex.

AGA president touts US offer of information and experience to Japan, if they legalize casinos.

Introduction of legislation to legalize casino gambling in Japan further delayed.

Macau Chief Executive Fernando Chui told lawmakers on Monday the Special Administrative Region had entered an “adjustment” period of slower and stable growth.

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.

The move comes as Macau’s casino market is in an unprecedented gaming revenue nosedive.

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.

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.

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.

February a harsh month for Macau with 48.6 percent decline in gambling revenue.

February a harsh month for Macau with 48.6 percent decline in gambling revenue.