Macau News - Page 10
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.
Singapore casinos produce $6 billion in gaming revenue in 2013; market still trails Las Vegas Strip24 February 2014
Both markets were far behind Macau, the world’s largest gaming destination, which produced a record $45.2 billion in gaming revenues last year.
Macau casinos report 7 percent increase in January, collect $3.6 billion6 February 2014
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.
Wynn Resorts earnings top estimates; Macau revenues rise 25 percent3 February 2014
“The numbers as usual speak for themselves,” Steve Wynn, chairman and CEO of Wynn Resorts, told analysts in a conference call.
Revenue juggernaut: Las Vegas Sands' figures top Nevada, Atlantic City combined30 January 2014
Buoyed by a 28 percent increase in revenue from its Macau subsidiary during the fourth quarter, the casino operator grew profits by 32.8 percent companywide for the three-month period ended Dec. 31.
Wynn Macau appoints Gamal Aziz president8 January 2014
Steve Wynn will continue to serve as CEO and chairman of Wynn Macau.
Macau gambling revenue rises 18.6 percent to $45 billion in 20132 January 2014
Growth was slightly higher than the 13 to 17 percent estimates of six analysts.
Bally Technologies Titanic video slot game sweeps awards at Macao Gaming Show18 December 2013
Bally's Titanic video slot wins awards in four categories at Macao Gaming Show.
Macao revenue predicted to rise in 201413 December 2013
Analysts predict 20 percent rise in revenue for Macao in 2014.
Macau operations help credit profiles of Las Vegas Sands, Wynn Resorts12 December 2013
Wells Fargo Securities gaming analyst Dennis Farrell Jr. said Las Vegas Sands and Wynn Resorts have the best credit profiles of any of the major casino operators, primarily because of their wholly owned Macau operations.
Macau gaming revenues reach $40 billion in 20133 December 2013
With one month left in 2013, Macau’s casino industry already has blown away its 2012 record gaming revenue production.
November was a bumper month for Macao2 December 2013
Revenue up again in November for Macau, a whopping 21.3 percent.
Inside Gaming: No mixed signals, no more licenses2 December 2013
The Macau government has changed direction in the past on several matters concerning the casino industry, but not on this issue.
Federal panel raises deep concerns about gaming in Macau21 November 2013
Several commissioners suggested that federal oversight or regulation of U.S. gaming companies doing business in Macau might be merited.
SJM want more locals employed in Macao casinos18 November 2013
Calls by SJM and locals for foreign companies to be required to employ more locals in high paying management positions at casinos.
Galaxy would consider Japan, Taiwan investment if markets open up15 November 2013
Galaxy Entertainment is eyeing both Japan and Taiwan as potential investment markets should gaming markets open up.
Macau casinos produce record-breaking $4.6 billion in October4 November 2013
The Macau Gaming Inspection and Coordination Bureau said Friday the results were a 31.7 percent increase over the October 2012 total.
October record month for Macau30 October 2013
Macau gross gaming revenue to continues to ride high setting a new monthly record for October.
Boom time in Macau continues to buoy Las Vegas Sands28 October 2013
In the three months ended Sept. 30, the company’s four major Macau gaming divisions produced a 43 percent increase in revenues and an 89 percent jump in profits compared with a year ago.
Macau gaming revenues increase 21 percent in September to $3.6 billion4 October 2013
The September results could have been higher if not for the disruption in travel caused by Typhoon Usagi at the end of the month
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