Frederick H. February 25, 2015 05:49:29
Back Alley gambling can profit even where it’s illegal If you find yourself walking through any moderate sized Japanese town, you may be alarmed as soon as you turned the first corner. The chaotic sounds of a pachinko parlor are very distinct. Maybe to the western ear, the only identifiable comparison is the slot machine. […]
Phyllis F. January 6, 2015 08:54:01
Following the plunge in revenues, Melco Crown may quit the HK stock exchange. The gambling enclave lost almost $100 billion of market value during the Chinese government’s clampdown on corruption. With revenues falling to 30.4% in December, 2013 ended badly for the gaming industry in Macau. This was the seventh month in a row where […]
Monica E. February 20, 2014 14:11:32
Profit growth for Macau’s casino resorts has slowed down significantly, causing stocks to plummet. With Macau’s casino gambling industry and property developers showing signs of a slowdown, Hong Kong stocks saw a significant drop at the beginning of this month. In fact, they reached their lowest level since last July. Plunging more than 7%, Galaxy […]
Tom S. January 16, 2014 16:46:07
Macau Legend announces plan to create “independent third party” under its own umbrella to get around city’s gaming regulations. The Macau-based casino firm Macau Legend Development recently told the Hong Kong Stock Exchange that it plans to “diversify its business and indirectly participate in the gaming promotion business.” The company currently operates two casinos under […]
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