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Asia News - Page 17

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Romance off: Caesars sells Macau land holdings for $438 million

Casino giant Caesars Entertainment Inc. says it is selling its property in Macau to an Asian developer.

Asia Entertainment & Resources Ltd announces Rolling Chip Turnover of US$1.50 billion for July 2013

Asia Entertainment & Resources Ltd report unaudited Rolling Chip Turnover for the month of July 2013 at the company’s VIP rooms in Macau was US$1.50 billion, up 15% year-over-year.

Macau gaming revenues up 20 percent in July, 16 percent for 2013

The growth surprised some prognosticators who expressed concerns of an economic slowdown in Asia.

Macau gambling revenue in July up 20 percent year-on-year

July's 29.5 billion patacas ($3.7 billion) revenue was the third-strongest figure this year, according to government data released on Thursday.

Casino projects in Russian port of Vladivostok draw investment from Macau

Lawrence Ho, the son of Hong Kong billionaire and Macau casino giant Stanley Ho, said his two companies would spend $630 million to buy a 51 percent stake in a business building two casino resorts in the Primorye Region near China’s border.

Expansion, cash, focused on the other Strip - in Cotai

Casino developers will spend some $22 billion on massive new resorts and gambling complexes in Macau over the next four years.

Asia Entertainment & Resources Ltd announces Rolling Chip Turnover of US$1.33 billion for June 2013

Asia Entertainment & Resources Ltd. announced unaudited Rolling Chip Turnover for the month of June 2013 at the company’s VIP rooms in Macau was down 3% year-over-year for June.

Macau gaming revenues rise 21.1 percent in June

Gambling revenue in the Chinese territory, just across the strait from Hong Kong, rose to $3.54 billion, according to figures released Monday by the Macau Gaming Inspection and Coordination Bureau.

Las Vegas-based SK+G opening Hong Kong office

The firm will form SK+G Asia Pacific in partnership with The Tank, a Hong Kong based advertising and marketing firm.

Asia Entertainment & Resources Ltd completes acquisition of VIP Gaming Room at Le Royal Arc Casino

With the completion of this acquisition AERL will operate 40 tables in five VIP rooms with four concessionaires in the Macau market.

India: Gambling industry advocate for govt to legalize sports betting

Indian government urged by the gaming industry to legalize sports betting in an effort to combat match-fixing.

Melco Crown honored and on target with Philippine casino

As Melco Crown is honored by FinanceAsia, company is also developing its Manila resort for 2014 completion.

South Korea rejects bids in surprise move

South Korea declines on casino licence bids by Caesars Entertainment and Lippo consortium, and Universal Entertainment.

Las Vegas Sands approved to sell apartments in Macau

The long-awaited approval was announced Wednesday by the Macau government.

Macau gaming revenues up 13.5 percent in May

Macau gaming revenues grew 13.5 percent in May to $3.7 billion.

Macao revenue up for May

Macau revenue up 13.5 percent for May, helped by public holidays which brought Chinese visitors.

Asia Entertainment & Resources Ltd. announces Q1 2013 financial results

Rolling Chip Turnover decreased 24% compared to the same three months last year.

Galaxy to expand Galaxy Macau

Galaxy plans to expand Galaxy Macau, adding two more phases to the casino-resort.

IGT China Research and Development Office receives ISO Certification

IGT receives ISO certification for its China Research and Development office in Beijing.

Okada's Universal Entertainment calls Philippines payment unnecessary

Universal had booked the $25 million payment to Subic Leisure as an expense to resolve a land rights dispute surrounding its $2 billion resort project on Manila Bay.

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