Asia News - Page 9
Macau revenue at its lowest in four years
1 July 2015
Macau's June gross gaming revenue down 36.2 percent.
Vickers Reports could spell trouble for Sheldon Adelson15 June 2015
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.
New credit agreement to help MGM complete $2.9 billion Macau resort15 June 2015
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 tumble on June forecast10 June 2015
Macau casino stocks fell on the news that analysts had lowered their revenue forecasts for June.
Wynn Resorts shares rise despite 'Macau malaise'5 June 2015
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.
Inside Gaming: Macau in a free-fall and taking Wynn Resorts with it3 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.
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