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Ho Iat Seng confirmed as next Macau chief executive

Aug 25, 2019 Newsdesk Latest News, Macau, Top of the deck

Ho Iat Seng (pictured), a businessman and former president of Macau’s Legislative Assembly, became on Sunday the third individual to be selected for the top leadership role in the city since its...

Macau GDP down two quarters as gaming slowdown persists

Aug 24, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau’s gross domestic product (GDP) fell by 1.8 percent year-on-year in real terms in the second quarter 2019, said on Friday the city’s Statistics and Census Service. It was the second...

MGM Resorts’ 2020 EBITDA target too ambitious: Bernstein

Aug 23, 2019 Newsdesk Japan, Latest News, Macau, Top of the deck

The goal of casino group MGM Resorts International to achieve as much as US$3.9 billion in adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) in 2020 – thanks to...

Casino services firm Macau Legend slips into red in 1H

Aug 23, 2019 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck

Hong Kong-listed casino services firm Macau Legend Development Ltd recorded a HKD107.5-million (US$13.7-million) loss for the first half of 2019, the company said on Thursday. That compares to a...

MGM ‘deeply committed’ to Osaka IR bid: Murren

Aug 23, 2019 Newsdesk Japan, Latest News, Top of the deck

United States-based casino operator MGM Resorts International is confident about its chances in the contest to build a so-called integrated resort (IR) in the Japanese city of Osaka. The company...

Paradise Ent 1H profit slides 23pct despite higher revenue

Aug 23, 2019 Newsdesk Latest News, Macau, Top of the deck

First-half profit at casino equipment and casino management services firm Paradise Entertainment Ltd fell 23.2 percent year-on-year, on revenue that actually rose 5 percent. The board of the Hong...

LVS says to focus on Tokyo, Yokohama, skips Osaka IR bid

Aug 22, 2019 Newsdesk Japan, Latest News, Top of the deck

United States-based casino firm Las Vegas Sands Corp says it will focus on the Japanese cities of Tokyo (pictured) and Yokohama in its effort to be allowed to build a casino resort in that country....

Yokohama mayor officially backs casino, cites economics

Aug 22, 2019 Newsdesk Japan, Latest News, Top of the deck

The mayor in the city of Yokohama (pictured), Japan’s second-largest metropolis by population, publicly declared on Thursday – for the first time – support for getting a casino resort there....

Macau casino dealer tally up nearly 5pct in 2Q

Aug 22, 2019 Newsdesk Latest News, Macau, Top of the deck

There were 25,213 dealers employed in the Macau casino industry at the end of the second quarter 2019, up 4.8 percent from the prior-year period, according to the latest survey on manpower needs and...

Donaco appeals Cambodian arbitrator decision on Star Vegas

Aug 22, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

Casino operator Donaco International Ltd says it is appealing against an arbitration decision of a Cambodian tribunal that ruled the people that had sold the firm leasing rights on the Star Vegas...