Asia News - Page 19

Strong visitor numbers from China show in Macau August revenue numbers.

Crown reports 14 percent rise in yearly profit, thanks to its Macau property.

Samoa back to the drawing board on remaining casino licence, as talks with chinese company are derailed by corruption allegations.

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

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.

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

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

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.

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. 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.

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.

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

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

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

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

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

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

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

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

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