GGRAsia – Macau

Macau to see little to no rebound after CNY: Nomura

Feb 17, 2015 Newsdesk Latest News, Macau, Top of the deck

Average daily revenue in Macau casinos is showing a sequential decline “typical” before Chinese New Year, which this year falls on February 19, said a new note from Japanese finance house Nomura....

MGM China announces new bonus to non-management staff

Feb 17, 2015 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator MGM China Holdings Ltd on Tuesday announced a special bonus to non-management team members at MGM Macau (pictured), the firm’s single currently-operating Macau property....

Macau govt intake from gaming tax drops 30 pct in Jan

Feb 17, 2015 Newsdesk Latest News, Macau, Top of the deck

The Macau government collected a total of MOP8.49 billion (US$1.06 billion) in direct taxes from gaming in January, down by 29.7 percent year-on-year, according to data disclosed on Monday by...

Macau junket closures pose risk for premium mass: CS

Feb 16, 2015 Newsdesk Latest News, Macau, Top of the deck

Analysts at Credit Suisse AG see risks of further deterioration in premium mass revenue in Macau as more junket closures may hurt players’ funding channels. Kenneth Fong and Isis Wong said in...

Macau transport projects facing further delays

Feb 13, 2015 Newsdesk Latest News, Macau, Top of the deck

Two of Macau’s major transport infrastructure projects are facing further delays. But people in the casino industry are likely to have factored in those hold ups when making their forecasts for the...

VIP room closures leave 50 workers seeking Macau govt help

Feb 13, 2015 Newsdesk Latest News, Macau, Top of the deck

More than 50 ex-employees of Macau junket operators have asked for help from the government after the closure of some of the city’s VIP rooms, said Macau’s Secretary for Economy and...

Melco Crown joins push to save Macau smoking lounges

Feb 13, 2015 Newsdesk Latest News, Macau, Top of the deck

Turning Mocha Clubs’ slot machine parlours in Macau smoke-free had “definitely” contributed to a 15 percent quarter-on-quarter fall in net revenue for the operation in the fourth quarter, said...

Melco Crown 4Q net income down 20 pct

Feb 12, 2015 Newsdesk Latest News, Macau, Top of the deck

Macau-based casino operator Melco Crown Entertainment Ltd reported net income for the fourth quarter of 2014 of approximately US$1.12 billion, down by about 20 percent from the just over US$1.39...

Keeping smoking lounges fits Macau smoke ban plan: SJM CEO

Feb 12, 2015 Newsdesk Latest News, Macau, Top of the deck

A senior executive at Macau casino operator SJM Holdings Ltd says the complete ban on casino smoking sought by the Macau government is compatible with keeping enclosed smoking lounges on the city’s...

Macau’s David Chow calls for more casino licences

Feb 12, 2015 Newsdesk Latest News, Macau, Top of the deck

David Chow Kam Fai, co-chairman and chief executive of casino services firm Macau Legend Development Ltd, on Wednesday urged the Macau government to open the gaming market to new investors. Mr Chow...