GGRAsia – Macau

SJM Holdings sees profit growth slow to 2 pct in 1H

Aug 13, 2014 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator SJM Holdings Ltd reported slower revenue and profit growth in the first half of 2014 compared to a year before. Total revenue for the period was HKD44.4 billion (US$5.7...

Macau junket investor pledges US$3.14 bln for Saipan casino

Aug 13, 2014 Newsdesk Latest News, Macau, Top of the deck, World

Macau junket investor Imperial Pacific International Holdings Ltd has agreed to a cash investment 50 percent above the minimum originally mentioned in filings – in order to secure a casino licence...

MGM Macau appoints sales vice president

Aug 12, 2014 Newsdesk Industry Talk, Latest News, Macau

MGM Macau casino hotel on Tuesday announced the appointment of Irene Wong (pictured) as vice president of sales, public and community relations. The appointment was effective from August 1. Ms Wong...

Macau casino revenue heads for Aug decline: Credit Suisse

Aug 12, 2014 Newsdesk Latest News, Macau, Top of the deck

Average daily casino gross gaming revenue (GGR) in Macau was flat for the first 11 days of August when judged year-on-year, said a note on Tuesday by Hong Kong-based analysts at Credit Suisse AG. The...

Lawrence Ho gets share options in Spain casino bid investor

Aug 12, 2014 Newsdesk Latest News, Macau, Top of the deck, World

Macau casino investor Lawrence Ho Yau Lung (pictured) and seven directors of MelcoLot Ltd have been awarded share options in the firm at an exercise price aggregating to approximately HKD82.23...

Citi cuts growth forecast for Macau’s mass market

Aug 11, 2014 Newsdesk Latest News, Macau, Top of the deck

Citigroup has sharply reduced its growth forecast for Macau’s casino mass market. The brokerage cut its estimate to a growth rate of 13 percent in the second half of this year in year-on-year...

Dynam may target smaller Japan casino project: analyst

Aug 11, 2014 Newsdesk Japan, Latest News, Macau, Top of the deck

Japanese pachinko hall management company Dynam Japan Holdings Ltd is anxious to enter the casino business but is likely to avoid competition in Japan’s larger cities, says Fisco Ltd analyst...

Melco Crown unit avoided DICJ controls: Taiwan prosecutors

Aug 11, 2014 Newsdesk Latest News, Macau, Rest of Asia, Top of the deck

Prosecutors in Taiwan say a company described as a unit of Macau casino operator Melco Crown Entertainment Ltd is “suspected to have harmed” Taiwan’s “financial order” and “avoided...

CY Foundation shareholders approve Weike deal

Aug 11, 2014 Newsdesk Latest News, Macau, Top of the deck

Shareholders of Hong Kong-listed conglomerate CY Foundation Ltd have approved the deal to buy a maximum of approximately HKD201.13 million (US$26 million) worth of goods and services from Singapore...

Parisian restart likely in October: Las Vegas Sands

Aug 08, 2014 Newsdesk Latest News, Macau, Top of the deck

Sands China Ltd expects to receive government approval in October to restart work on its US$2.7 billion Parisian Macao project in Cotai. Sands China’s parent firm Las Vegas Sands Corp said so in a...