Archive for January, 2012

Casino Stocks on the Upswing as Macau Continues to Show Strong Growth – MarketWatch (press release)

Casino Stocks on the Upswing as Macau Continues to Show Strong GrowthMarketWatch (press release)Gaming operators with casinos in the Chinese enclave of Macau are seeing a windfall from highly lucrative VIP visits, which account for nearly 75% of all gambling revenue in the city, The Journal reports. Government officials in Macau have increased ...

Chong Wei wants players to remain focused and not worry about losing – Malaysia Star

Chong Wei wants players to remain focused and not worry about losingMalaysia StarKUALA LUMPUR: Malaysia is expected to face an uphill task in the Thomas Cup Qualifier in Macau but world number one Datuk Lee Chong Wei who will spearhead the Thomas Cup squad's mission, wants the players to remain focused on the task ahead.

Wynn asks judge to oppose top investor’s suit – Reuters

Wynn asks judge to oppose top investor's suitReutersWeighed by poor company earnings, Wynn agreed to sell out to MGM Grand, now known as MGM Resorts International in 2000, before rebounding on the gaming stage with Wynn Resorts. ASIA EXPANSION THREATENED? Wynn, like Las Vegas and Macau rival Sheldon ...

Badminton: Chong Wei Wants Players To Remain Focused And Not Worry About Losing – Bernama

New Straits TimesBadminton: Chong Wei Wants Players To Remain Focused And Not Worry About LosingBernamaKUALA LUMPUR, Jan 31 (Bernama) -- Malaysia are expected to face an uphill task in the Thomas Cup Qualifier in Macau but world number one Datuk Lee Chong Wei who will spearhead the Thomas Cup squad's mission, wants the players to

Wynn asks judge to oppose top investor’s suit as legal battle heats up – Reuters

Macau BusinessWynn asks judge to oppose top investor's suit as legal battle heats upReutersWeighed by poor company earnings, Wynn agreed to sell out to MGM Grand, now known as MGM Resorts International in 2000, before rebounding on the gaming stage with Wynn Resorts. ASIA EXPANSION THREATENED? Wynn, like Las Vegas and Macau rival Sheldon ...Wynn

Sands China to Pay First Dividend, Has Cash for Expansion – BusinessWeek

Sands China to Pay First Dividend, Has Cash for ExpansionBusinessWeek31 (Bloomberg) -- Sands China Ltd., Asia's biggest casino operator by market value, will pay its first dividend, saying it has enough cash to fund expansion plans in Macau. The unit of billionaire Sheldon Adelson's Las Vegas Sands Corp. said it will ...

New historical unemployment low – Macau Business

Macau BusinessNew historical unemployment lowMacau BusinessThis is the lowest unemployment rate ever registered in Macau, according to the records available from the Statistics and Census Service, which go back until 1996. Figures from the Statistics and Census Service show that the total labour force was ...and more »

Gaming revenue expected to grow over 25 percent – Macau Business

Macau BusinessGaming revenue expected to grow over 25 percentMacau BusinessGross gaming revenues are expected to surpass MOP23 billion (US$2.9 billion) in the month of January alone, up by 25 percent compared to the same month in 2011. According to Lusa News Agency, casino companies expect the number to be between MOP23 ...and more »

Melco Crown Said to Seek Loan for Macau Project – BusinessWeek

HaaretzMelco Crown Said to Seek Loan for Macau ProjectBusinessWeekProceeds will be used to fund Melco Crown's Studio City project in Macau, the people said, asking not to be identified as the details are private. The loan may be about $1.25 billion, two of the people said. Studio City will be an integrated resort ...Macau's Casino

Melco Crown Said to Seek Loan for Macau Project – Bloomberg

HaaretzMelco Crown Said to Seek Loan for Macau ProjectBloombergProceeds will be used to fund Melco Crown's Studio City project in Macau, the people said, asking not to be identified as the details are private. The loan may be about $1.25 billion, two of the people said. Studio City will be an integrated resort ...Macau's Casino