GGRAsia – Macau

Macau

South Shore unit disposes 50pct in Macau’s 13 Hotel

Nov 04, 2019 Newsdesk Latest News, Macau, Top of the deck

Several offshore companies – including one connected to Hong Kong real estate developer ITC Properties Group Ltd – are involved in a deal to acquire a 50-percent stake in a firm holding...

Macau GGR down 3pct in Golden Week month of Oct: govt

Nov 01, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau casino gross gaming revenue (GGR) fell 3.2 percent year-on-year in October, according to data released on Friday by the city’s regulator, the Gaming Inspection and Coordination Bureau. The...

Asia Pioneer says pirates used its brand to lure investors

Nov 01, 2019 Newsdesk Latest News, Macau, Top of the deck

Hong Kong-listed Asia Pioneer Entertainment Holdings Ltd says the company’s name has been used by unconnected people in “fraudulent” online efforts to raise money from unsuspecting...

Macau gaming inward investment hits US$2.4 billion in 2018

Oct 31, 2019 Newsdesk Latest News, Macau, Top of the deck

Inward direct investment – from outside investors – into Macau’s gaming sector jumped to MOP19.01 billion (US$2.36 billion) in 2018, show official data published on Wednesday. That...

MGM Cotai ops spur 39pct 3Q EBITDA growth for MGM China

Oct 31, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau-based casino operator MGM China Holdings Ltd says its adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 38.6 percent to about HKD1.55 billion (US$197.6...

Melco 3Q record mass table drop, CEO sees Macau stabilising

Oct 31, 2019 Newsdesk Latest News, Macau, Philippines, Top of the deck

The Macau VIP gambling market might “stabilise” based on evidence from this month, the start of the fourth quarter, said Lawrence Ho Yau Lung, chairman and chief executive of casino operator...

SJM upbeat on 4Q despite 3Q miss on analyst estimates

Oct 30, 2019 Newsdesk Latest News, Macau, Top of the deck

Management at Macau casino operator SJM Holdings Ltd has been “upbeat” about its October gaming business performance trends and the implications for the rest of the fourth quarter, despite the...

SJM Holdings 3Q profit up 5pct despite VIP gaming rev slump

Oct 29, 2019 Newsdesk Latest News, Macau, Top of the deck

Profit at Macau casino operator SJM Holdings Ltd increased 4.5 percent year-on-year in the third quarter of 2019, according to unaudited business performance highlights filed with the Hong Kong...

US$2.6mln casino loan shark op disrupted in Macau

Oct 29, 2019 Newsdesk Latest News, Macau, Top of the deck

A Monday joint operation by Macau’s Judiciary Police and their mainland Chinese counterparts saw 76 people arrested across Macau and several mainland cities for alleged involvement in a...

Hyatt Regency Hengqin hotel at Novotown to open in Dec

Oct 29, 2019 Newsdesk Latest News, Macau, Top of the deck

The Hyatt Regency Hengqin, a 493-room hotel that is part of a non-gaming tourism project called Novotown (pictured) on Hengqin island, will “open” during “December”, the overall...

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Asia Pioneer bullish on its long-term growth

Nov 14, 2019

Sponsored feature | Management at Hong Kong-listed Asia Pioneer Entertainment Holdings Ltd expects its business to continue to expand, with the firm looking to build its presence in Macau and tap into new markets in Southeast Asia. So says Herman Ng Man Ho, company managing director and chief...