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 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 19, 2015 10:44:40
Junkets first became popular in Macau thanks to a now obsolete law prohibiting casinos from lending money. Macau’s gambling industry continues its steady stream of decline with Macau’s fourth quarter VIP revenue down 29% and mass market revenue down 16%. And who or what is responsible for this slide? Speculations are that on the one […]
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 8, 2014 22:27:08
As casino gambling revenues dip gaming operators are building huge brand name retail outlets to boost sales. In the era of decreased gambling revenues in Macau, one Macanese casino has turned to merchandising. This may turn out to be the solution to up revenues and get the owners of Macanese poker rooms back on their […]
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