GGRAsia – Macau

Louis XIII Holdings narrows losses

Jun 23, 2014 Newsdesk Latest News, Macau, Top of the deck

Louis XIII Holdings Ltd, the Hong Kong-listed firm that is developing a boutique casino of the same name (pictured in artist’s rendering) on the Cotai-Coloane border in Macau, significantly...

HK$500 mln World Cup bets ring nabbed in Macau

Jun 20, 2014 Newsdesk Latest News, Macau, Top of the deck

An alleged illegal soccer gambling operation that generated an estimated HK$500 million (US$64.5 million) in bets on the FIFA World Cup has been broken up by Macau police. On Thursday 22 people were...

Macau-linked Saipan casino bid ‘illegal’

Jun 20, 2014 Newsdesk Latest News, Macau, Top of the deck, World

Agents of a company linked to Macau junket investor First Natural Foods Holdings Ltd have been accused of “illegally” providing benefits to at least four local lawmakers in the U.S. commonwealth...

Macau court rejects another Sands’ Cotai trademark

Jun 20, 2014 Newsdesk Latest News, Macau, Top of the deck

Macau’s Court of Second Instance again rejected Las Vegas Sands Corp’s attempt to register the term “Cotai Strip”, this time via the phrase “Cotai Strip CotaiRewards Club”. In a...

Macau names at ‘attractive’ prices: Nomura

Jun 19, 2014 Newsdesk Latest News, Macau, Top of the deck

Nomura says prices of shares in Macau casino operators are now “very attractive”, following sharp drops in recent weeks. “At current levels, we see downside risk of flat to down 4 percent,...

Macau’s Sands Cotai Central expands retail footprint

Jun 19, 2014 Newsdesk Latest News, Macau, Top of the deck

Casino resort Sands Cotai Central has expanded its retail area, adding 150,000 square feet (13,935 square metres) of retail space, operator Sands China Ltd announced on Thursday. The opening of the...

First Natural stock seesaws on Saipan casino doubts

Jun 18, 2014 Newsdesk Latest News, Macau, Top of the deck, World

First Natural Foods Holdings Ltd – a previously dormant Hong Kong-listed company that in March completed a HK$400 million (US$51.6 million) investment in Macau junket room investor Hengsheng Group...

Gaming revenue up 11 pct at Macau’s Grand Emperor

Jun 18, 2014 Newsdesk Latest News, Macau, Top of the deck

Casino gaming revenue in Macau’s Grand Emperor Hotel (pictured) jumped by 10.5 percent in the year ended March 31, owner and operator Emperor Entertainment Hotel Ltd announced. Gaming revenue...

Macau casinos stretch max bets to boost yield

Jun 18, 2014 Newsdesk Features, Latest News, Macau, Top of the deck

Mass floor minimum bets for casino table games in Macau are now commonly in the range of HK$1,000 to HK$5,000 even at non-peak times, three casino executives have separately confirmed to GGRAsia. The...

New transit visas to cut abuses by half: Macau police

Jun 18, 2014 Newsdesk Latest News, Macau, Top of the deck

The new rules on transit visas for mainland Chinese passport holders will reduce abuses by half, the Macau police forecasts. Wong Kim Hong, from the police’s immigration department, said that on...