GGRAsia – Macau

MGM China COO gaming John Shigley leaving Macau

Jun 21, 2018 Newsdesk Latest News, Macau, Top of the deck

John Shigley, chief operating officer (COO) of gaming for Macau casino firm MGM China Holdings Ltd, is to leave Macau “later this year”, the company confirmed in an email responding to an enquiry...

Yearly profit up, revenue down at Macau’s Emperor Ent Hotel

Jun 21, 2018 Newsdesk Latest News, Macau, Top of the deck

Profit at Macau casino hotel operator Emperor Entertainment Hotel Ltd increased 13.6 percent year-on-year in the 12 months to March 31, the firm said in a filing to the Hong Kong Stock Exchange on...

Human eye to police Macau casino staff bet ban: regulator

Jun 20, 2018 Newsdesk Latest News, Macau, Top of the deck

Enforcement of the mooted ban on Macau casino employees entering any local gaming floor outside work hours will be the responsibility of casino operators via monitoring by their security staff,...

Unfinished work has 13 Hotel reapplying for checks: MGTO

Jun 20, 2018 Newsdesk Latest News, Macau, Top of the deck

Management for The 13 Hotel (pictured), a project on the Cotai-Coloane border of Macau, has been told it must “apply for reinspection” regarding its hotel licensing process, GGRAsia has been...

Macau stock US$4.3bln mkt cap loss on Hainan fears: analyst

Jun 20, 2018 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck

A 3.7-percent Tuesday sell-off in Macau casino firm stocks traded in Hong Kong had seen US$4.3 billion lost in market capitalisation, said a note that day from Union Gaming Securities Asia Ltd. By...

Mixed views on Macau gambling ban for casino staff

Jun 19, 2018 Newsdesk Latest News, Macau, Top of the deck

Two Macau gaming labour groups have expressed concerns to GGRAsia regarding the likely effectiveness of a proposed bill to ban the staff of the city’s casinos from all local gaming floors...

Paradise Ent pays US$16mln for Macau storage space

Jun 19, 2018 Newsdesk Latest News, Macau, Top of the deck

Casino equipment maker Paradise Entertainment Ltd has struck a deal to buy warehousing space in Macau for HKD128.5 million (US$16.37 million). The agreement, made after the markets closed on Friday,...

MGM China pushes back due date on loans

Jun 18, 2018 Newsdesk Latest News, Macau, Top of the deck

Macau gaming company MGM China Holdings Ltd has announced changes to its borrowing arrangements. MGM China told the Hong Kong Stock Exchange on Friday that the company and its wholly owned subsidiary...

Macau govt submits bill banning casino staff from gambling

Jun 18, 2018 Newsdesk Latest News, Macau, Top of the deck

Fresh measures regulating entry to Macau casinos were formally announced on Friday. As had been widely expected, the city’s government is proposing the introduction of rules banning Macau-based...

Impairment loss to hurt Success Dragon results: firm

Jun 18, 2018 Newsdesk Latest News, Macau, Top of the deck

Gaming services firm Success Dragon International Holdings Ltd has warned investors its loss for the year ended March 31, 2018 is likely to be wider than initially forecast. That is a result of an...