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Macau | News Headlines

  
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    Why Macau’s gambling revenue halved in February 2015Macau’s restriction on using China UnionPay debit cards at casinos to curb illegal money flow could be a factor in February's drop in gambling revenues.

    Macau Crackdown Brings Windfall for Casinos From South Korea to CambodiaAsian casino operators from South Korea to Australia are pulling in China’s gamblers as the country’s corruption crackdown scares many away from Macau, the world’s biggest gambling hub. Operators such as Paradise Co. in South Korea are hiring Mandarin-speaking staff and offering VIP treatment including free flights, limousines and hotel stays to big spenders. Echo Entertainment Group Ltd. of ...

    Citi Sees 'Turning Point' In MacauIn a recent report, Citi analysts gave an updated outlook for the beleaguered Macau gaming market. Despite a seemingly constant stream of difficulties over the past year, analysts now see what they believe ...

    Macau Analyst Who Called Stock Drop Says It's Not OverGaming revenue will keep sliding through mid-year and dividends will be cut as the cost of new capacity eats into free-cash flow, leaving share valuations too expensive, said Jamie Zhou, an analyst at Macquarie Securities in Hong Kong. Zhou was one of just two analysts tracked by Bloomberg with sell ratings on Sands China Ltd. and Galaxy Entertainment Group Ltd. when he started covering the ...

    Macau Analyst Who Called Stock Drop Says Worst Yet to ComeGaming revenue will keep sliding through mid-year and dividends will be cut as the cost of new capacity eats into free-cash flow, leaving share valuations too expensive, said Jamie Zhou, an analyst at Macquarie Securities in Hong Kong. Zhou was one of just two analysts tracked by Bloomberg with sell ratings on Sands China Ltd. and Galaxy Entertainment Group Ltd. when he started covering the ...

    Macau casino freefall sees record revenue dropMacau casino revenue plunged a record 49 percent year-on-year in February as China's corruption crackdown took its toll, but more mass market visitors lured by new mega-hotels could stem the freefall later in the year. "With all the current policies from China and the changing sentiment in Macau, we were not expecting the main driver for revenue to improve," Simsen International Financial Group ...

    Macau Revenue Drop In February Not As Bad As ExpectedIt's not often that news of a 48.6 percent year-over-year drop in revenue will have little effect on stocks, but that's the case for stocks of Macau casino operators today. According to data released by ...

    Macau Casino Revenue Plunges Record 49%Gross gaming revenue in the world’s biggest gambling hub fell 49 percent to 19.5 billion patacas ($2.4 billion) last month, Macau’s Gaming Inspection and Coordination Bureau said. Macau last year posted its first annual decline in gaming revenue, as VIP gamblers avoided the city amid China President Xi Jinping’s anti-graft campaign, and as the country’s economy slowed. VIP customers may have ...

    Wynn Resorts just put out a horrible sign for MacauWynn Resorts, the global gambling empire...

    Record drop in Macau casino revenueRevenue in Macau's casinos fell by a record amount last month as China's corruption crackdown continued to hit the region's gambling industry.


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