GGRAsia – Macau

Macau Legend seeks to build higher at Fisherman’s Wharf

Apr 06, 2015 Newsdesk Latest News, Macau, Top of the deck

Casino services firm Macau Legend Development Ltd wants the building height limit on part of its waterside development Macau Fisherman’s Wharf to be increased by 50 percent, according to a Macau...

Macau pledges support to Beijing’s anti-graft campaign

Apr 06, 2015 Newsdesk Latest News, Macau, Top of the deck

The head of Macau’s anti-graft agency has pledged support to mainland China’s crackdown on corruption. The pledge was made during meetings with top officials from the central government in...

Sands China gets short-term relief from US$250k penalty

Apr 06, 2015 Newsdesk Latest News, Macau, Top of the deck, World

The Nevada Supreme Court has offered casino operator Sands China Ltd a temporary reprieve from a US$250,000 penalty levied against the company last month by a lower court. But the senior bench did...

Flat recovery projected for Macau: Wells Fargo

Apr 03, 2015 Newsdesk Latest News, Macau, Top of the deck

Get ready for an L-shaped recovery of gross gaming revenue (GGR) in Macau, warns brokerage Wells Fargo Securities LLC. “We’re seeing more evidence supporting a flat versus V-shaped recovery,”...

Iao Kun rolling chip volume slips 57 pct in March

Apr 03, 2015 Newsdesk Latest News, Macau, Top of the deck

Nasdaq-listed Macau VIP gambling room investor Iao Kun Group Holding Co Ltd announced unaudited rolling chip turnover of US$0.76 billion for March, down by 57 percent from a year earlier. Its win...

Macau slump reaches hotel stays

Apr 03, 2015 Newsdesk Latest News, Macau, Top of the deck

The number of hotel guests in Macau declined for the third consecutive month in February judged against year prior periods. A total of 756,200 guests were recorded in February, down by 9.9 percent...

Analysts cautious on short-term outlook for Macau

Apr 02, 2015 Newsdesk Latest News, Macau, Top of the deck

Investment analysts are starting to see some signs of stabilisation in Macau’s gaming industry, but remain cautious about the city’s short-term prospects citing lower volumes in VIP play, with...

Macau VIP investor Iao Kun reports 2014 net loss

Apr 02, 2015 Newsdesk Latest News, Macau, Top of the deck

Nasdaq-listed Macau VIP gambling room investor Iao Kun Group Holding Co Ltd on Wednesday reported a full year 2014 loss on net income, largely on a change in fair value on three high roller rooms...

Macau GGR down 39 pct in March: govt

Apr 01, 2015 Newsdesk Latest News, Macau, Top of the deck

Gross gaming revenue (GGR) in Macau fell 39.4 percent year-on-year in March to approximately MOP21.49 billion (US$2.69 billion) from approximately MOP35.45 billion in March 2014 The figures were...

Macau junket deal with Jack Lam’s listed firm delayed

Apr 01, 2015 Newsdesk Latest News, Macau, Top of the deck

The deadline on an agreement that would allow the listed portion of Macau junket veteran Jack Lam Yin Lok’s business interests to participate in VIP gambling promotion in Macau has been put back...