Macau News - Page 6

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Proposed Macau smoking ban threatens 2016 profits, Vegas-based licensees

8 July 2015

The ban is almost certain to further cut into Macau's already-declining gaming revenues, raising speculation about the political motivations behind the ban.

Iao Kun Group Holding Company Limited announces rolling chip turnover of US$0.54 Billion for June 2015

6 July 2015

The company's VIP rooms in Macau have seen a 60 percent decline year-over-year.

Chinese government eases visitation rules as Macau gaming revenues decline

2 July 2015

This June was the 13th straight month of declining gaming revenue in Macau, but there was still good news to be found.

Macau revenue at its lowest in four years

1 July 2015

Macau's June gross gaming revenue down 36.2 percent.

Vickers Reports could spell trouble for Sheldon Adelson

15 June 2015

A request has been filed to unseal the confidential reports, which some believe may reveal links between Las Vegas Sands Corp. and Chinese organized crime syndicates.

New credit agreement to help MGM complete $2.9 billion Macau resort

15 June 2015

The company's credit agreement increased to $1.55 billion in addition to a $1.45 billion revolving line of credit, with the maturity date extended to 2019.

Macau casino stocks tumble on June forecast

10 June 2015

Macau casino stocks fell on the news that analysts had lowered their revenue forecasts for June.

Wynn Resorts shares rise despite 'Macau malaise'

5 June 2015

Companies that operate casinos in Macau have seen share prices decline recently as the Macau gaming market loses revenue, but analysts believe May's uptick in prices may be a sign that the market is starting to stabilize.

Inside Gaming: Macau in a free-fall and taking Wynn Resorts with it

3 June 2015

Wynn Resorts stock on Monday closed below $100 per share for the first time since December 2010 after Macau reported its 12th straight monthly dip.

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.

Macau May gambling revenue tumbles

1 June 2015

Macau revenue tumbled 37 percent in May.

Galaxy Phase II will open with 150 gaming tables

25 May 2015

150 new gaming tables permitted at Galaxy Macau Phase II which will open this week.

Macao confident on expansion

20 May 2015

Macau development continues unabated with three new casino properties on the horizon.

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.

Inside Gaming: Macau top official's speech not the message Las Vegas wanted to hear

25 March 2015

Macau Chief Executive Fernando Chui told lawmakers on Monday the Special Administrative Region had entered an “adjustment” period of slower and stable growth.

Inside Gaming: Chinese government almost seems to be purposely torpedoing Macau

16 March 2015

Nine straight months of casino revenue declines, including a record 49 percent drop in February, are primarily because of a government-imposed crackdown on corruption.

Wynn Resorts to rake in $511 million dividend from Macau subsidiary

9 March 2015

The move comes as Macau’s casino market is in an unprecedented gaming revenue nosedive.

Nevada Judge considers sanctions against Sands China Ltd.

9 March 2015

District Judge Elizabeth Gonzalez, who heard nearly five hours of legal arguments on the topic last Tuesday, said she plans to issue a written decision by early this week.

Feb. decline marks Macau's worst gaming revenue month since 2011

9 March 2015

Despite what is normally a lucrative time period, the annual Chinese New Year, the region reported an overall gaming revenue total of $2.44 billion.

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