Phyllis F. May 7, 2015 09:18:54
Macau, though a world leader in gambling, has no vision as to how to up revenues as their players flee. Since summer 2014, casino revenues have been falling steadily in Macau. Last month, revenues fell 39% from what it was in 2013, to around US$2.4 billion. This means that for casinos like MGM Resorts International, […]
Phyllis F. April 25, 2015 10:39:12
High rollers in Macau may have diminished, but the culture of junket operations, and fears of the ever-present triads in the background is still there. In the mid 2000s Macau’s gaming revenues was around $7bn in comparison to Las Vegas Strip’s $10bn now its the other way around but maybe not for much longer, thanks […]
Phyllis F. April 25, 2015 10:39:12
High rollers in Macau may have diminished, but the culture of junket operations, and fears of the ever-present triads in the background is still there. In the mid 2000s Macau’s gaming revenues was around $7bn in comparison to Las Vegas Strip’s $10bn now its the other way around but maybe not for much longer, thanks […]
Phyllis F. April 21, 2015 06:58:58
Considerable set back in earnings is hanging over the heads of Las Vegas casinos if money laundering operations are discovered. With several Macau-based casinos undergoing huge revenue losses, Las Vegas casinos better watch out too or they may get caught for harboring money launderers. Although the regulatory expense of conforming to an AML 101 is […]
Phyllis F. April 21, 2015 03:46:49
It’s definitely a case worth betting on as to the outcome in the case between Adelson and Jacobs in the Nevada lawsuit. 81-year-old billionaire Sheldon Adelson, founder, chairman and chief executive officer of Las Vegas Sands Corp is going to court to face charges of unlawful dismissal of the head of his Macau-based casinos, almost […]
Phyllis F. January 29, 2015 13:39:44
Studio City casino in Macau will have a cinematic theme and will cost about $2.3 billion. Robert De Niro, Leonardo DiCaprio and Brad Pitt are rooting big time for Macau’s casinos. The Hollywood mega stars are being paid a whopping $13 million each, for their role in a new short film, to promote a new […]
Phyllis F. January 22, 2015 08:49:35
Macau ranks first in economic growth worldwide with its more wealthy European and British counterparts falling behind. Since the Great Recession, whereby there was a general economic decline in world markets at the end of the first decade of the 21st century, 300 cities have shown significant signs of economic growth. • Macau’s Casinos a […]
Phyllis F. January 8, 2015 17:09:51
Table hunts, additional rooms and anti-corruption campaign to influence casino openings in Asia in 2015 Two new Macau casino resorts, Galaxy Entertainment Group Ltd’s Galaxy Macau Phase 2 and Melco Crown Entertainment Ltd’s majority-owned Studio City are scheduled to open in 2015, both on Cotai. Also scheduled for a 2015 opening is a casino resort […]
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 […]
Phyllis F. January 5, 2015 07:36:17
Losing streak among Macanese gambling moguls cause muddled speculations for 2015. Analysts are wondering what will become of the Macau Gambling industry in 2015 given the losing streak they’d had in 2014. Some feel there may be a 9% fall this year. Optimists foresee a 10 percent rise in revenues. In 2014, gambling revenues declined […]
Phyllis F. December 10, 2014 18:11:50
Transit visa cut scare among other obstacles facing Macau’s gambling industry. Investors in Macau are in a panic. They blame transit visa cuts and long queues to obtain one as the reasons for casino revenues taking a nose dive in Macau. Before summer 2014, a 7-day transit visa would allow mainland tourists to use Macau […]
Phyllis F. December 10, 2014 18:11:50
Transit visa cut scare among other obstacles facing Macau’s gambling industry. Investors in Macau are in a panic. They blame transit visa cuts and long queues to obtain one as the reasons for casino revenues taking a nose dive in Macau. Before summer 2014, a 7-day transit visa would allow mainland tourists to use Macau […]
Phyllis F. December 1, 2014 13:22:19
The gambling industry in Macau struggles to stay on top amidst slow economy and crackdown in corruption that are causing slump in GDP. As Macau registers its first all-time low in GDP in five years, the gaming industry seems to be taking the brunt of the blame. However, The 2.1% decline in GDP, registered by […]
Alex Nevsky November 14, 2014 09:00:15
Galaxy entertainment group of companies maintained high earnings despite overall decline in mass-market casino gambling in Macau. Online gambling news in Macau have reported $426 million dollar in adjusted earnings for Galaxy. The high-stake gaming company, owned by millionnaire Lui Che Woo, increased its gains by 2.5 % closing at HKD 52.35 per share. They […]
Alex Nevsky November 10, 2014 10:42:51
The decline in Macau’s revenues may have been caused by something else than general decrease in gambling worldwide. The recent increase in Chinese authorities’ efforts against illegal gambling and money laundering across the country may have played a part in Macau’s dropping revenues. The enclave is officially part of China, but adheres to its own […]
Monica E. September 25, 2014 17:50:18
Wynn is not concerned about some experts’ worrying projections that Macau gambling profits will keep dropping. Experts have observed that, as orders from the mainland and Macanese gambling laws are becoming more strict, revenues have fallen for three consecutive months now. But when asked whether he was feeling his Asian casino kingdom shake, casino billionaire […]
Monica E. June 27, 2014 18:23:40
Officials felt a new set of regulations was needed to better control the cash flow in the world’s largest gambling hub. Luxury casinos and hotels, special tables for high-rollers and everything a true gambler’s heart could desire. Over the past few years, Macau has drawn a record number of players from all over the world […]
Alex Nevsky March 5, 2014 16:23:45
Macau casinos are trying to break away from their long-term partners, junket companies, in order to maximize profits. It seems that all big Macau casinos are still going after the VIP buck, but they now try to pursue the high-rollers outside the junket systems. Let’s take a look at the history and understand the latest […]
Monica E. January 27, 2014 16:48:33
NMA says Macau Slots is “taking advantage” of its monopoly to tempt bettors. Sport betting monopoly Macau Slot has incurred the wrath of the local community for advertising its services on public television, during live sports matches. A local organization held a press conference to accuse both the betting monopoly and Cable TV of lacking […]
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