Macau News - Page 2

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Macau experiences 12th straight month of gaming revenue decline

2 June 2015

Casino operators worry that the Macau government's plans to implement a smoking ban could further erode the market.

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: Portugal and Macau forever linked despite distance of 6,800 miles

13 May 2015

The Portuguese colonized Macau in the 16th century as the first European settlement in the Far East. In 1987, China and Portugal signed an agreement to create the Macau Special Administrative Region and the area was returned to Chinese rule in December 1999.

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 suffers fourth straight monthly gaming revenue drop

7 October 2014

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

Macao casino workers walk out

3 October 2014

Ongoing labour unrest in Macau sees some casino workers walk off the job today.

Turnaround story unfolds for MGM Resorts International

18 August 2014

Following the company’s release of second-quarter earnings this month — a profit of $105.5 million on revenue of $2.6 billion — the investment community praised the company and lauded expansion opportunities in the U.S. and Macau.

Nevada Supreme Court: Sands info can stay confidential

28 February 2014

The state Supreme Court ruled Thursday that the Las Vegas Sands, headed by Sheldon Adelson, does not have to give confidential company information to Steven Jacobs, the fired former president of Sands Macau because the matter already was decided in district court.

MGM Resorts shrinks fourth quarter net loss

24 February 2012

MGM Resorts reduced its net loss in the fourth quarter, telling investors that revenues improved at the company's Strip resorts.

Macao: Mega jackpot won at the Sands

13 February 2012

HK $21 million jackpot won by slot player on a 5 Dragons slot machine.

Macau gaming market still red hot

28 November 2011

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

Moody's bullish on Vegas gaming companies

18 November 2011

Moody's Investors Service upgraded its opinion of MGM Resorts International, Las Vegas Sands and Wynn Resorts.

APPT Macau Season Five ready to launch

14 November 2011

PokerStars Macau at Casino Grand Lisboa will host the third leg of the PokerStars.net Asia Pacific Poker Tour from Nov. 17-27.

Macau casino revenues top $3 billion in August

2 September 2011

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

MGM Resorts reverses second-quarter loss

9 August 2011

MGM Resorts executives said visitation trends in Las Vegas were strong in the first six months of the year at the company's 10 Strip resorts.

Macau Cup kicks off this weekend

5 August 2011

The Macau Poker Cup begins on Aug. 6 at the PokerStars Macau at Casino Grand Lisboa and features a main event with a HKD $3 million guarantee.

Macau gaming revenues hit $3 billion mark

2 August 2011

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.

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