The Venetian Macao Resort-Hotel News - Page 2

This year's conference will be titled 'The Macao Tourism and Culture Summit 2015 at the Macao Gaming Show' and will feature more than 15 sessions.

The prominent lawyer believes the show is a perfect opportunity to discuss the challenges of the enormous but troubled Macao gaming market.

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

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

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

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 warned Monday that the Chinese gaming enclave, which has experienced four straight monthly revenue dips, hasn’t bottomed out.

The casino operator Wednesday credited another strong quarter from the company’s casinos in Macau with producing double-digit increases in both revenues and earnings. But the figures didn’t meet analyst projections.

The Macau casino market ended 11 straight months of double-digit gaming revenue increases in January and recorded its lowest single-month growth rate since October 2012.

"Mobile Millions," a new casino game from Cantor Mobile Casino, now available to patrons of The Venetian and The Palazzo.

Asia Entertainment & Resources has moved its VIP room formerly at the Venetian Macao-Resort-Hotel to a new room at the Sands Cotai Central.

The Venetian Macau casino is seeking to recover HK$23 million from Shanghai businesswoman Zou Yunyu and more than HK$11 million from Xie Xiaoqing, a delegate to the National People's Congress.

Rolling Chip Turnover for the month of December 2011 at the company’s VIP rooms in Macau was up 31% year-over-year.

In 2010, Macau produced $23.5 billion in gaming revenues, more than five times the total on the Las Vegas Strip.

Las Vegas Sands reported that its third-quarter net income had increased by 110.5 percent compared to a year ago.

Macau's 34 casinos shattered single-month gaming revenue figures in August, collecting $3.09 billion from gamblers.

Sands China announced its new multibillion-dollar Macau resort would house Hilton and Intercontinental hotel brands when it opens.

Casino authorities in Macau said Monday that gaming revenues grew 48.4 percent in July, hitting the $3 billion mark for just the second time.

Steve Wynn and Sheldon Adelson have buried their animosity after years of open antagonism as the two casino giants have publicly complemented each other.

A Hong Kong newspaper said expiring gaming concessions will lead to "uncertainty awaiting companies who are still considering deploying capital into Macau."