Business

Melco Crown Entertainment has recently announced that it is buying back $800.83 million in company shares from Crown Asia Investments it’s joint venture partner. The two Casino giants… Read More

Melco Crown Entertainment has recently announced that it is buying back $800.83 million in company shares from Crown Asia Investments it’s joint venture partner. The two Casino giants… Read More

Louis XIII Holdings Limited has officially changed the name of its Macau hotel property into The 13. The Hong Kong-based company announced the possible name change by… Read More

SJM Holdings is one of the six major casino operators in Macau and the parent company to some of the most well known casinos in Macau including… Read More

Ahead of its planned opening on the Cotai Strip later in the year, the Wynn Palace resort casino has hired 3,600 employees following hundreds of onsite interviews and several job… Read More

Well-established Macau gaming operator Galaxy Entertainment Group has posted quarterly profit gain for the first time since 2014. The financial data, which was released on Wednesday, revealed… Read More

The future of Macau is being considered by government officials, with a new guiding tool having been introduced yesterday. The new Five-Year Development Plan for Macau was… Read More

By early May, the government of Macau should be ready to release information on the gaming industry of the city based on a mid-term review. First started… Read More

May 1 is known as International Workers Day and commonly referred to as Labor Day in Asia. Two of Macau’s labor groups have plans to submit individual… Read More

The Las Vegas Sands Corp is the biggest casino enterprise in the world and derives a significant portion of its revenue from its Macau based subsidiary, the… Read More

A note from Sterne Agee CRT on Monday stated that Melco Crown’s new Studio City is being hurt by continued disruptions going on next to the property…. Read More

While most Asian markets including Macau experienced a significant decline in gambling revenues in 2015, Cambodia’s casino industry has bucked the trend and recorded strong profits. The… Read More

The decline of Macau’s casino industry over the last two years has made it difficult for junket operators to run a successful operation as these middle agents… Read More

A couple of years ago it would have been inconceivable to think that visitors to Macau would have to pay for a shuttle ride from the ferry… Read More

Las Vegas Sands Corp (NYSE: LVS) agreed Thursday to pay $9 million in order to end a five year probe into allegations that it violated the Foreign Corrupt Practices… Read More

The latest reports of gaming revenues from Macau show the gambling city continues to fall short of revenue estimates, with 22 consecutive months of declines. The Macau… Read More

Macau’s casino industry saw a decline of 34.3 percent in gross gaming revenue during 2015 and Pharaoh’s Palace Casino had similar margins, witnessing a drop of 34.7… Read More

With new casinos coming to the Cotai, it would seem that junket operators of Macau would be interested in offering their VIP services in the area. However,… Read More

Gaming promoter, Neptune Group, says that the crisis that has hit the gaming sector hard has rendered the territory’s existing VIP junket model no longer sustainable. The… Read More

Although Stephen Hung  has already poured more than a billion dollars into The 13, his all-suite hotel on the Coloane/Cotai border may not offer any gambling games when… Read More

During a meeting on Friday afternoon in Macau between the Secretary for Economy and Finance Lionel Leong Vai Tak, legislator José Coutinho, and Stephen Lan, issues were… Read More

As Macau continues to see declining revenue earnings from local casinos, venue employees are worried about potential lay-offs. Forefront of Macao Gaming is a labor group of… Read More

1,000 of the Sands China Ltd staff will now have the opportunity to take part in a new career development program offered by the company. The program… Read More

With fewer VIP gamblers visiting Macau, the casinos in the once bustling city are now earning less money. With less earnings, pay drops are expected and Steve… Read More

On July 14th 2015, Lionel Leong Vai Tac, the Secretary of Economy and Finance in Macau said that in the existing legislation there are no restrictions that… Read More

Hotel rooms are in excess in Macau due to the Chinese government crackdown on Junkets. About 80 to 90 percent of booked rooms are made through Junkets…. Read More

Macau Legislator, Au Kam San is currently inquiring as to whether the government plans to approve Coloane casino plans. Coloane is located next to Cotai, as a… Read More

On the Cotai Strip of Macau, Louis XIII is planning on developing a new luxury destination. The property is under development and should open by next summer…. Read More

Earlier this week, Louis XIII Holdings Limited made an announcement that their Macau hotel property will be officially named ‘The 13’. The first images of the hotel’s… Read More

The Parisian Macao is constructing a replica of the Eiffel Tower, of half-size, with the entire property project having a price tag of $2.7 billion. The tower… Read More

Sheldon Adelson, chairman and chief executive of well established Macau operator Sands China Ltd, expressed confidence that the company’s latest project in the hub would be as… Read More

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