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Macau

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...

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...

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...

MGM waiting for Macau govt on face recognition tech: Bowie

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

Macau casino operator MGM China Holdings Ltd has yet to install any facial recognition technology at the company’s properties, says the firm’s chief executive Grant Bowie. The company is...

Suncity listco expects to narrow first-half loss

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

Suncity Group Holdings Ltd, a Hong Kong-listed firm controlled by the boss of privately-held Macau casino junket brand Suncity Group, says it expects to narrow its first-half loss by “15 percent to...

Macau visitor non-gaming spend down nearly 5pct in 2Q

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

Visitors to Macau spent an aggregate of MOP15.71 billion (US$1.94 billion), excluding gaming expenses, in the second quarter 2019, down 4.8 percent year-on-year, according to the latest visitor...

Singapore, Macau regulators talk supervision at symposium

Aug 21, 2019 Newsdesk Latest News, Macau, Singapore, Top of the deck

Singapore’s Casino Regulatory Authority is hosting next week the 5th Singapore Symposium on Gambling Regulation and Crime. The event, taking place on 29 and 30 August in Singapore, features a...