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 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 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 […]
Chinese tourists are shying away from politically explosive Hong Kong, while Macau casinos welcome them with open arms. For the past two week protesters have poured into the streets of Hong Kong demanding the right to free and transparent elections. China and Hong Kong are held together by a “one country, two systems” concept in […]
Casino revenues in Macau have dipped sharply in August and September, but the city’s wealthiest casino operator is betting on a quick recovery. The coastal enclave of Macau is a special administrative region in the People’s Republic of China. It’s almost completely self-governed and exempt from Chinese gambling laws, but its massive casino industry hangs […]
Monica E. July 3, 2014 11:35:46
Macau’s winning streak is over, as revenues decline for the first time in more than four years. Located in the perfect spot to attract gambling-thirsty Asian players and offering all the luxury you can ask for, it only took Macau a few years to surpass Las Vegas and become the world’s most popular gambling destination. […]
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 […]
Tom S. May 12, 2014 15:20:02
2014 may not turn out to be the best year for Macau’s casino operators as they look to capitalise on a strong 2013. While growth in the industry itself remains strong, the share prices of a Macau’s major players all took a nosedive as the Chinese and Macanese authorities clamped down on potential money laundering. […]
Toni May 6, 2014 12:15:07
Gambling experts disagree with notions that Macau is set to reach the pinnacle of casino market, as they see room for improvement. There have been a great deal of casino investment projects in recent times, however some have expressed concern whether saturation point is upon Macau. Some prominent gambling personnel indicated opposing beliefs about Macau’s […]
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