GGRAsia – Macau

Macau

Macau junket business growth fastest overseas: MS

Feb 22, 2019 Newsdesk Latest News, Macau, Philippines, Rest of Asia, Top of the deck

Junket brands that have made their names by managing Chinese VIP players in the Macau casino market are now seeing their high-roller business overseas growing at a faster rate than in the core...

Finance boss leaving, MGM Resorts reshuffles senior team

Feb 22, 2019 Newsdesk Industry Talk, Latest News, Macau, World

United States-based casino group MGM Resorts International says it has appointed its chief operating officer, Corey Sanders, to the post of chief financial officer (CFO), putting him in charge of a...

Lawrence Ho further increases stake in Melco Resorts

Feb 22, 2019 Newsdesk Latest News, Macau, Philippines, Top of the deck

Casino entrepreneur Lawrence Ho Yau Lung (pictured) has increased his stake in Nasdaq-listed Asian gaming business Melco Resorts and Entertainment Ltd. It was the second time in fewer than four...

Fok link up helps SJM on Macau casino rights: Daisy Ho

Feb 21, 2019 Newsdesk Latest News, Macau, Top of the deck

SJM Holdings Ltd chairman Daisy Ho Chiu Fung, a daughter of Macau casino magnate Stanley Ho Hung Sun, has spoken of her support for the recently-announced alliance that now holds a majority stake in...

Deal to reveal details in Wynn ‘sex misconduct’ probe

Feb 21, 2019 Newsdesk Latest News, Macau, Top of the deck, World

The gaming regulator in Massachusetts in the United States has approved an agreement with former casino magnate Steve Wynn (pictured) that will end his legal efforts to block publication of a report...

Aristocrat says firm Apac share, digital growth fiscal 2019

Feb 21, 2019 Newsdesk Latest News, Macau, Philippines, Top of the deck, World

Slot machine maker and digital games provider Aristocrat Leisure Ltd expects in financial year 2019 to maintain “market-leading share positions across key for-sale segments globally” including in...

Macau junket Meg-Star announces pay hike effective March

Feb 20, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau junket investor Meg-Star Group announced on Wednesday a 5-percent salary increase for eligible staff members, with effect from March 1. Nearly 98 percent of Meg-Star’s current workforce are...

Macau world centre wish needs local resort input: scholar

Feb 20, 2019 Newsdesk Latest News, Macau, Top of the deck

The development of Macau as a “world tourism and leisure centre” as mentioned by China’s central government in its outline plan for the Guangdong-Hong Kong-Macau Greater Bay Area, could be...

Macau gaming tax revenue up 14pct in full year 2018

Feb 20, 2019 Newsdesk Latest News, Macau, Top of the deck

The Macau government collected approximately MOP106.78 billion (US$13.21 billion) in direct taxes on gaming in the city in full calendar year 2018, up by 13.6 percent when compared to the previous...

SJM to finish Lagerfeld hotel after death of couturier

Feb 20, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator SJM Holdings Ltd said in a Wednesday statement it would press ahead with a Karl Lagerfeld-branded hotel at its under-construction HKD36-billion (US$4.6-billion) Grand Lisboa...