Macau News - Page 8

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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 facing first-ever annual gaming revenue dip

2 December 2014

As a market, Macau has never experienced an annual gaming revenue decrease.

Macau gaming revenue declines for sixth straight month

1 December 2014

The Macau Gaming Inspection and Coordination Bureau said Monday casinos in the Chinese gambling market collected $3.04 billion in gaming revenue during the month, down 19.6 percent from a year ago.

Macau economy on the slide

28 November 2014

China attending to corruption has delivered the first pinch to Macau's gaming dependent economy.

Fitch analysts join others in cautioning on Macau

19 November 2014

The bond advisement service predicted zero growth in Macau’s gaming revenue by the time 2014 is concluded, and an overall decline of 1 percent in 2015.

Macau casino revenue dips record 23.2 percent in October

5 November 2014

Total casino revenue was $3.5 billion in October — Macau’s fifth straight monthly decline, the Macau Gaming Inspection and Coordination Bureau said Tuesday.

Wynn revenues dip, but profits up in Q3

29 October 2014

Wynn said its net income for the quarter that ended Sept. 30 was $191.4 million, or $1.88 per share. A year ago, the company reported net income of $182 million, or $1.79 per share.

Macau: 40 smokers fined on first day of ban

27 October 2014

First day of Macau's new designated area only casino smoking rules, 42 people have been fined for violating them.

Inside Gaming: Smoking ban the least of worries in Macau gambling

27 October 2014

The Chinese gaming enclave has experienced four straight months of gaming revenue declines. A fifth monthly drop is expected when October’s numbers are counted.

Macau revenues predicated to temper

24 October 2014

Macau revenue expected to fall this month and recover in the latter part of next year.

Revenue down, but profits up for Las Vegas Sands Corp.

16 October 2014

Las Vegas Sands told investors its net income for the third quarter was $671.7 million, compared with $626.7 million in the same quarter a year ago.

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's most signifianct revenue drop in 5 years

6 October 2014

Macau absorbs the ouch of a revenue drop of 11 percent compared to September last year.

Macao casino workers walk out

3 October 2014

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

Macau’s casinos impacted by China's anti-corruption effort

26 September 2014

China's anti-corruption push is being felt in Macau's casinos, with some VIP gamblers staying away.

Macau mired in cold streak

24 September 2014

On Monday, the Chinese gaming market was red-flagged when Wells Fargo Securities gaming analyst Cameron McKnight became the latest Wall Street researcher to post warning signals.

Macau gaming revenue forecast cut to 4% on VIP weakness

12 September 2014

Continued weakness in the VIP segment has contributed to a reduction in the full year 2014 Macau gaming revenue forecast to 4%.

Macau gaming revenue tumbles for third straight month

2 September 2014

Despite the 6.1 drop in August — the largest decline in 2014 — the Macau gaming market is up 8.1 percent for the year’s first eight months following 2013’s record $45.2 billion in gaming revenue.

Macao shares dip

29 August 2014

Shares prices fall in Macau casinos over threat of strike action after worker protests.

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.

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