Macau News - Page 13
Macau gaming revenues grow in 2012, hit record $38 billion
3 January 2013
During December, Macau's 35 casinos collected a single-month record of $3.5 billion in gaming revenues, more than half of what the Strip's casinos collected in all of 2011.
40 people fined on first day of Macau smoking ban2 January 2013
During its first day of Macau's new smoking regulations, 42 casino patrons were fined.
Record revenue for Macau in December 20122 January 2013
December 2012 saw surprising revenue growth in Macau.
Asia Entertainment & Resources Ltd. announces rolling chip turnover of US$1.26 Billion for November 20125 December 2012
Rolling Chip Turnover for the month of November 2012 at the company’s VIP rooms in Macau was US$1.26 billion, down 26% year-over-year.
Macau gaming revenues grow 8 percent in November4 December 2012
Wells Fargo Securities gaming analyst Cameron McKnight said economic data from China last week indicated the economic environment in the region may have stabilized
Entertainment & Resources Ltd. announces Q3 financial results19 November 2012
Rolling Chip Turnover for the three months ended September 30, 2012 in the Company’s VIP gaming rooms was $4.0 billion, down 32% year-over-year.
Asia Entertainment & Resources Ltd. announces Rolling Chip Turnover for October 20122 November 2012
Rolling Chip Turnover for the month of October 2012 at the company’s VIP rooms in Macau was US$1.47 billion, down 31% year-over-year.
Macau gaming revenues hit all-time single month record of $3.5 billion in October2 November 2012
The figure marked the third time this year that Macau gaming revenues had increased by single digits, which are considered bad months in the Chinese gaming market.
Caesars CEO says US companies won't get Macau gambling licences31 October 2012
Gary Loveman speculates that Macau will not offer any American casino operators, including his own company, new gambling licenses.
MGM gets approval to build Cotai hotel23 October 2012
The company paid $56 million for the land, and government officials will arrange for publication of the land concession contract in the Official Gazette of Macau.
SJM Holdings gets approval for Macau casino23 October 2012
SJM Holdings said its subsidiary, SJM, had accepted the draft land concession contract with the Macau government for "70,468 square meters" of land in the Cotai area in Macau.
MGM gets approval to build Cotai hotel19 October 2012
MGM Resorts International was approved by the Macau government Thursday to build a $2.5 billion hotel-casino on the Coati Strip region.
Macau casino revenue expected to grow by 16.5 percent by 201415 October 2012
Macau's gaming industry is still predicted to grow at a rate of 16.5 percent in the next two years.
Macao revenue increases in Sept but lower than predicted5 October 2012
Revenue was predicted to rise higher but came in with a 12.3 percent increase.
Asia Entertainment & Resources announces Rolling Chip Turnover down 34.8% for September 20125 October 2012
Rolling Chip Turnover for the month of September 2012 at the company’s VIP rooms in Macau was down 34.8% year-over-year.
Las Vegas Sands announces plans for Eiffel Tower replica in Macau20 September 2012
Las Vegas Sands plans on building a "50 percent scale-to-scale" replica of the Eiffel Tower as part of its The Parisian resort on the Cotai Strip in Macau.
Macao: September revenue predictions in double-digit range19 September 2012
Macau revenue for September predicted to show an 19-22 percent increase over the same month last year.
Asia Entertainment & Resources announces Rolling Chip Turnover of US$1.471 Billion for August 20125 September 2012
Rolling Chip Turnover for the month of August 2012 at the company’s three VIP rooms in Macau was down 19.3% year-over-year.
Macau gaming revenues climb 5.5 percent in August5 September 2012
Macau gaming authorities said casinos collected $3.3 billion from gamblers during the month, the second highest ever recorded for a single month.
Macao: August revenue up in single digits3 September 2012
Macao revenue rose 5.5 percent in August 2012 compared to 2011.
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