Cotai News - Page 4

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Macau market decline cuts into Las Vegas Sands' quarterly revenues

23 July 2015

While the company did still turn a profit, it reported a 19.4 percent decline in revenues and a 30.1 percent decline in profits from last quarter.

Macao Gaming Show re-appoints GB Media to spearhead marketing efforts

20 July 2015

GB Media marketed the 2014 Macao Gaming Expo, and in 2015 will focus on developing the show's standing as a leading industry expo.

Chinese government eases visitation rules as Macau gaming revenues decline

2 July 2015

This June was the 13th straight month of declining gaming revenue in Macau, but there was still good news to be found.

New credit agreement to help MGM complete $2.9 billion Macau resort

15 June 2015

The company's credit agreement increased to $1.55 billion in addition to a $1.45 billion revolving line of credit, with the maturity date extended to 2019.

Inside Gaming: Macau in a free-fall and taking Wynn Resorts with it

3 June 2015

Wynn Resorts stock on Monday closed below $100 per share for the first time since December 2010 after Macau reported its 12th straight monthly dip.

Galaxy Phase II will open with 150 gaming tables

25 May 2015

150 new gaming tables permitted at Galaxy Macau Phase II which will open this week.

Macao confident on expansion

20 May 2015

Macau development continues unabated with three new casino properties on the horizon.

Analyst sees no 'silver bullets' to Macau turnaround

19 May 2015

Goldman Sachs gaming analyst Steven Kent has downgraded his stock price projections for Wynn Resorts Ltd., Las Vegas Sands Corp. and MGM Resorts International.

Inside Gaming: Macau top official's speech not the message Las Vegas wanted to hear

25 March 2015

Macau Chief Executive Fernando Chui told lawmakers on Monday the Special Administrative Region had entered an “adjustment” period of slower and stable growth.

Inside Gaming: Chinese government almost seems to be purposely torpedoing Macau

16 March 2015

Nine straight months of casino revenue declines, including a record 49 percent drop in February, are primarily because of a government-imposed crackdown on corruption.

Macau gaming revenues fall a record 49 percent in February

9 March 2015

Casinos collected $2.44 billion from gamblers during the month, a drop of 49 percent. A year ago, Macau casinos collected a single-month industry high of $4.8 billion.

Wynn Resorts seeks to oust Elaine Wynn from board of directors

2 March 2015

In a proxy filing with the U.S. SEC Friday, Wynn Resorts said it will reduce its Class I board members from three to two.

Plunge in Macau revenue leads to lower profits for Wynn Resorts

4 February 2015

Wynn said Tuesday revenue from it two Macau casinos dipped 32 percent in the quarter that ended Dec. 31.

Macau casinos start 2015 with another revenue dip

3 February 2015

January's decline was the eighth straight monthly drop.

Adelson defends Macau even as troubled market crimps Sands' earnings

29 January 2015

Adelson defends Macau even as troubled market crimps Sands' earnings.

Adelson adds CEO of Sands China to his job description

26 January 2015

In a statement Friday from the company’s Sands China Ltd., Sheldon Adelson, the 81-year-old billionaire and company founder, will replace Edward Tracy, whose retirement was announced in an SEC filing this week.

Analysts thought Macau's first-ever annual dip could have been worse

5 January 2015

The worry is now about 2015 and what effect continued softness in the world’s largest gambling enclave will have on Nevada casino operators.

Inside Gaming: Crumbled buildings, cannons symbolize current status of Macau

17 December 2014

Even after six consecutive monthly gaming revenue declines, Macau is still not close to hitting bottom.

Macau gaming revenue declines for sixth straight month

1 December 2014

The Macau Gaming Inspection and Coordination Bureau said Monday casinos in the Chinese gambling market collected $3.04 billion in gaming revenue during the month, down 19.6 percent from a year ago.

Fitch analysts join others in cautioning on Macau

19 November 2014

The bond advisement service predicted zero growth in Macau’s gaming revenue by the time 2014 is concluded, and an overall decline of 1 percent in 2015.

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