GGRAsia – Macau

LVS procedural loss in Macau licence court case: report

Apr 05, 2016 Newsdesk Latest News, Macau, Top of the deck

U.S.-based casino operator Las Vegas Sands Corp has seen a Macau court deny the firm a motion to dismiss a claim for damages by a Taiwan businessman who argues he helped Las Vegas Sands Corp get a...

Half polled Macau gamblers spent under US$126: survey

Apr 03, 2016 Newsdesk Latest News, Macau, Top of the deck

A total of 52 percent of people polled that admitted to gambling in Macau said they spent fewer than MOP1,000 (US$125.20) on the activity during that trip, according to the latest survey released by...

Melco Crown mourns architect, not expecting hotel delay

Apr 01, 2016 Newsdesk Latest News, Macau, Top of the deck

Asian casino developer Melco Crown Entertainment Ltd says it does “not anticipate any impact on the construction progress” of the fifth hotel tower at its City of Dreams casino resort in Cotai,...

Macau casino revenue falls 16 pct in March: govt

Apr 01, 2016 Newsdesk Latest News, Macau, Top of the deck

Casino gross gaming revenue (GGR) in Macau fell for the 22nd month in a row in March, confirmed data from the city’s casino regulator issued on Friday. Such revenue fell by 16.3 percent...

Macau govt intake from gaming tax down 21 pct

Apr 01, 2016 Newsdesk Latest News, Macau, Top of the deck

The Macau government collected a total of MOP13.4 billion (US$1.68 billion) in direct taxes from gaming in the first two months of 2016, down by 20.9 percent from the prior-year period, according to...

Wynn Palace launch could slip to 2H 2016: company

Apr 01, 2016 Newsdesk Latest News, Macau, Top of the deck

“Potential construction delays” could push the opening date for the US$4.1-billion Wynn Palace casino resort in Macau “into the second half of 2016,” said Wynn Macau Ltd in its annual report...

Worst for Macau’s gaming industry now over: regulator

Mar 31, 2016 Newsdesk Latest News, Macau, Top of the deck

The new director of Macau’s Gaming Inspection and Coordination Bureau, Paulo Martins Chan (pictured), says the worst is now over for the city’s gaming industry. In an interview with the...

Paradise Ent swings into red on lower gaming revenue

Mar 31, 2016 Newsdesk Latest News, Macau, Top of the deck

Casino equipment maker and gaming services provider Paradise Entertainment Ltd on Wednesday posted a net loss attributable to shareholders of HKD165.2 million (US$21.3 million) for 2015, compared to...

Ponte 16 investor Success Universe makes loss in 2015

Mar 31, 2016 Newsdesk Latest News, Macau, Top of the deck

Macau casino investor Success Universe Group Ltd swung to a loss of HKD6.7 million (US$864,068) in the year ended December 31, compared to a profit of approximately HKD96.9 million in the prior year....

PRC eases visa admin for its travellers to Macau, HK

Mar 30, 2016 Newsdesk Latest News, Macau, Top of the deck

China’s Ministry of Public Security announced on Tuesday a new practice to make it easier for some mainland citizens to apply for exit-entry permits to visit Hong Kong, Macau or Taiwan, including...