GGRAsia – Macau

Macau

Occupy Central may be ‘marginal negative’ to Macau: CS

Sep 30, 2014 Newsdesk Latest News, Macau, Top of the deck

Analysts Kenneth Fong and Isis Wong from Credit Suisse AG say Hong Kong’s ‘Occupy Central’ movement may have a “marginal negative” impact to Macau’s gaming industry. Since Saturday,...

Imperial Pacific’s first-half loss widens to US$2.5 mln

Sep 29, 2014 Newsdesk Latest News, Macau, Top of the deck, World

Macau junket investor Imperial Pacific International Holdings Ltd posted a net loss of HKD19.6 million (US$2.5 million) for the six months ended June 30, 2014. That compares with a loss of HKD1.9...

MGM China casino workers stage protest over wages

Sep 29, 2014 Newsdesk Latest News, Macau, Top of the deck

Hundreds of MGM China Holdings Ltd casino employees on Sunday protested for higher salaries and changes to the company’s bonus policies. U.S.-based casino operator MGM Resorts International...

Emerging Asian casino markets not a sure bet: casino exec

Sep 26, 2014 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck

Casino executive Michael Santangelo (pictured) on Friday warned that not all new gaming properties in the pipeline in emerging Asian casino jurisdictions will be able to meet expectations. “Many of...

No increase in limited access gaming areas: Macau govt

Sep 26, 2014 Newsdesk Latest News, Macau, Top of the deck

Macau’s Gaming Inspection and Coordination Bureau (DICJ), the city’s casino regulator, on Friday said that the upcoming smoking ban on casino mass floors has not led to an increase in requests by...

Fitch upgrades MGM Resorts, MGM China ratings

Sep 26, 2014 Newsdesk Latest News, Macau, Top of the deck, World

Fitch Ratings Inc has upgraded MGM Resorts International’s rating to ‘B+’ from ‘B’ and subsidiary MGM China Holdings Ltd’s rating to ‘BB’ from...

Adviser warns shareholders against Sinogreen takeover

Sep 26, 2014 Newsdesk Latest News, Macau, Top of the deck

Macau junket veteran Jack Lam Yin Lok has completed the subscription of 325 million new shares in Sinogreen Energy International Group Ltd for a total amount of HKD164.4 million (US$21.2 million)....

Imperial Pacific starts downsizing to focus on gaming

Sep 26, 2014 Newsdesk Latest News, Macau, Top of the deck, World

Imperial Pacific International Holdings Ltd, an investor in the profit stream of Macau junket firm Hengsheng Group, said it wants to cut operating costs of other business segments in order to focus...

Macau ‘still a good environment for operators’: Hoffman Ma

Sep 25, 2014 Newsdesk Latest News, Macau, Top of the deck

Hoffman Ma Ho Man (pictured), deputy chairman of Macau casino investor Success Universe Group Ltd, says the city’s gaming industry continues to have the support of Beijing. That is despite...

Macau govt expects visitors up by 8 pct in Golden Week

Sep 25, 2014 Newsdesk Latest News, Macau, Top of the deck

Cheng Wai Tong, deputy director of the Macau Government Tourist Office, expects an increase in the number of tourists visiting the city during the National Day Golden Week Holiday, from October 1...