Asia News - Page 9

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.

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.