Macau News - Page 14
Macau: VIP casino revenue may dip for second month
15 August 2012
VIP gamblers revenue predicted to fall again for August -- the second month that VIP's are cutting back their spend in Macau.
Asian casinos target money laundering13 August 2012
Following US clampdown, Asian casinos and banks will follow suit and implement better surveillance and reporting of money laundering activities.
MGM optimistic on Macau8 August 2012
MGM Resorts International express optimism that Macau government will approve their plan for a new Cotai casino.
Macau cracks down, 150 arrested6 August 2012
150 people have been arrested in Macau clampdown on Triad activity in casinos.
Asia Entertainment & Resources Rolling Chip Turnover down 40.8%3 August 2012
Asia Entertainment & Resources report Rolling Chip Turnover for July 2012 US$1.310 billion, down 40.8% year-over-year.
Macau gambling revenue up 1.5% in July2 August 2012
The rise is a far slower pace than has been the case in Macau over the last few years.
Macao revenue slows1 August 2012
Revenue growth slows in Macau, attributed to China economic slow down and weather events.
Asian casino sector bucks regional trend, shows continued strong growth24 July 2012
An OnlineCasino.sg report concludes that Asia’s casino sector continues to perform well, with potential for further growth despite economic slowdown.
Wynn Resorts reports second quarter results for 201218 July 2012
Wynn Resorts saw 7.1% decrease in revenues from Macau Operations and 11.6% decline in Las Vegas revenues for Q2.
Macao junket operators face challenging times9 July 2012
Macau's junket operators feeling the crunch of China's economy.
Asia Entertainment & Resources report Rolling Chip Turnover of US$1.365 Billion for June 20126 July 2012
Rolling Chip Turnover for the month of June 2012 at the company’s three VIP rooms in Macau was US$1.365 billion, down 9% year-over-year.
Visa restrictions and limits on Chinese credit cards slowing Macau's gambling revenues4 July 2012
Speculation that visa restrictions and limits on Chinese credit cards may be major causes for the recent Macau growth slowdown.
Macao: Revenue growth up in May2 July 2012
Macau revenue growth slowing, but still up 12.2 percent for June.
Macao: Students study and train for casinos27 June 2012
Laws favor local workers hence Macau's students are training and studying hard for the plethora of employment opportunities in casinos.
Cantor Fitzgerald after Macao license22 June 2012
Cantor Fitzgerald aims to operate sports books in Macau casinos.
Asia Entertainment & Resources announces 14% increase in Rolling Chip Turnover for May4 June 2012
Rolling Chip Turnover for the month of May 2012 at the company’s three VIP rooms in Macau was US$1.559 billion, up 14% year-over-year.
Macau gaming revenues experience smallest monthly increase in three years4 June 2012
For the first time in almost three years, Macau casinos in May didn't post the double-digit monthly increase that investors and analysts have come to expect.
Macao: May figures show slowdown to 7.9 percent1 June 2012
May gambling revenue figures detailed a 7.3 percent revenue increase, which could indicate the long-predicted slowdown has commenced.
Macao maintains economic sheen despite China slowdown21 May 2012
Macau still holds world's top casino revenue spot, despite slowdown in Chinese economy.
Galaxy will expand Cotai resort27 April 2012
Phase two of Galaxy Macau's resort plan will include 1,300 new hotel rooms and 500 more gaming tables.
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