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Macau | News Headlines

  
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    Macau's Galaxy posts 29 pct rise in first-half net profitMacau casino operator Galaxy Entertainment Group posted a 29 percent increase in first-half net profit, boosted by its flagship resort in the southern Chinese gambling hub. Galaxy's rise in profit comes as growth in Macau has begun to slide due to a slowing Chinese economy and a prolonged crackdown on corruption that has hit sentiment from wealthy Chinese patrons. While gambling revenue in Macau ...

    Sinosphere Blog: Macau Scholar Says He Lost His Job Over Pro-Democracy ActivismThe move raises concerns about academic freedom in Macau, where professors have little formal protection if they espouse ideas that are unpopular with academic and political leaders.

    Time to drop your bets on Macau?Investors wondering if it's time to cash out investments in Macau might be best advised to take their chips off the table, analysts told CNBC on Friday.

    Macau casino workers demand bigger share of the winningsDisgruntled casino workers are becoming a costly thorn in Macau's side. As the Chinese territory races to build eight new resorts in the next three years, labor strains look set to intensify: workers are demanding higher pay and threatening strikes at a time when operators face a labor shortage. Las Vegas kingpins Sheldon Adelson at Las Vegas Sands Corp (LVS.N) and Steve Wynn at Wynn Resorts Ltd ...

    Macau's SJM posts 1.9 pct rise in first-half net profitMacau casino operator SJM Holdings Ltd, posted a 1.9 percent rise in net profit for the first half of the year on Wednesday due to sluggish growth in the world's largest gambling hub. While gambling revenue in the southern Chinese territory, has wildly surpassed other regional gaming hubs with annual revenue in 2013 reaching $45 billion, growth has begun to slide due to a slowing Chinese economy ...

    Sluggish Macau Market and Muted Earnings Hurt Gaming ETFWhy casino stocks and ETFs have been in focus lately.

    Sands China CEO: Anti-graft drive doesn't worry usFollowing blow-out first-half earnings, the CEO of Macau's largest resorts and casino operator, Sands China, told CNBC he expects smooth sailing this year and brushed off concerns about any negative impacts ...

    Macau gambling revenue declines for second month in JulyGambling revenue in Macau fell 3.6 percent in July on an annual basis, the second monthly decline since 2009, due to the lingering impact from the soccer World Cup that diverted massive bets away from the world's largest casino hub. Gambling revenue from Macau's 35 casinos fell to 28.4 billion patacas ($3.56 billion) in July from 29.5 billion patacas a year earlier according to data released by ...

    Myanmar workers eye jobs in MacauMyanmar workers will be sent to work in casinos and factories in Macau, Min Hlaing, chairman of the Overseas Employment Agency Federation, said on Saturday. The agency is set to sign a memorandum of .....

    Macau July composite CPI rises 5.92% yoyDSEC of Macau reported the Composite CPI had increased 5.92% yearly to 131.20 in July, due to the ri...


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