The Macau government has introduced austerity measures to prevent the city from slipping into a deficit, after its average monthly gaming revenue fell below the alert level of 20 billion patacas (US$2 ...More
EJ Insight2015-09-02
Macau casino operators are facing more headwinds after the government expanded a smoking ban to all areas of their premises. The move is a significant threat to the gaming sector, So Shu-fai, chief ex ...More
EJ Insight2015-07-02
The gaming sector in Macau may bottom out within two months, after a 12-month slump in revenues, a report Friday in the Hong Kong Economic Journal quoted SJM Holdings Ltd. (00880.HK) chief executive S ...More
EJ Insight2015-06-19
There have been less hotel room bookings for the three-day Labor Day weekend in Macau this year, the Hong Kong Economic Journal reported Monday. So far only five of the 18 resorts and hotels managed b ...More
EJ Insight2015-04-27
JPMorgan Chase & Co. has cut its share price targets on Macau gaming plays, citing potential further headwinds for the sector amid rising costs and reduced revenues. The brokerage estimates that M ...More
EJ Insight2015-03-10
Macau saw its casino earnings decline over the Lunar New Year holiday, a less than auspicious start to the Year of the Goat. According to Barclays, average daily table revenues in the world's gambling ...More
EJ Insight2015-02-26
Macau Legend Development Ltd. (01680.HK), a satellite casino running on the license of gaming giant SJM Holdings Ltd. (00880.HK), is urging the government to consider the interests of all casino opera ...More
EJ Insight2015-02-12
Macau's gaming industry is expected to move into a new era in which casino operators will focus more on the non-gambling segments of their businesses, according to a leading player. The fight will be ...More
EJ Insight2015-01-26
How much vitality do our leading Hong Kong corporates have? One approach is to look at the age of the chairman. Generally speaking, the older the boss gets, the fewer are their corporate exercises. Th ...More
EJ Insight2015-01-23
A former bar captain at a three-Michelin-starred restaurant in Macau has been arrested for substituting cheap wines for 50 bottles of top Burgundy wine, Apple Daily reported Thursday. The real bottles ...More
EJ Insight2015-01-08
SJM Holdings Ltd. (00880.HK), the Macau casino operator controlled by the family of Stanley Ho, has given a 5-percent wage hike to all its staff this year, the Hong Kong Economic Journal reported. Th ...More
EJ Insight2015-01-02
Macau gaming stocks face another tough year after the industry suffered its first full-year revenue slide amid Beijing’s intensified crackdown on corruption. This year, Macau gaming plays have lost mo ...More
EJ Insight2014-12-31
Macau should reduce its dependence on the gaming sector, a mainland official said, warning that over-reliance on one industry poses a threat to the long-term prospects of the city's economy. Li Fei, d ...More
EJ Insight2014-12-04
Macau casino operator SJM Holdings (00880.HK) is facing escalating pressure to raise the salaries of its workers, driving further negative sentiment for the company as the industry struggles to overco ...More
EJ Insight2014-09-11
About 7,000 Macau casino workers took to the streets on Monday to demand better pay and working conditions in the special administrative region, Apple Daily reported Tuesday. And they may hold another ...More
EJ Insight2014-08-26
Macau's top six casino operators have seen HK$72.6 billion (US$9.37 billion) wiped off their market value amid spiraling labor cost, the Hong Kong Economic Journal reported Friday. It only gets worse. ...More
EJ Insight2014-08-08
Dynam Japan Holdings Co. Ltd. (06889.HK), is trying to convince Japanese legislators to amend a casino bill to legalize cash prizes for pachinko, the Hong Kong Economic Journal reported Monday, citing ...More
EJ Insight2014-06-30
In Hong Kong, a city obsessed with money and stocks, a good number is all that matters -- whether it's a car plate or a mobile number or a share code. Everyone wants a lucky number, but not everyone c ...More
EJ Insight2014-06-16
Macau casinos have been smarting from the disappearance of a junket operator with HK$10 billion (US$1.3 billion) of unpaid debts, but industry players say its impact on the gaming industry is short-l ...More
EJ Insight2014-06-16
Casino operators took a big hit on the stock market Tuesday after SJM Holdings (00880.HK) chief executive confirmed that Macau's monetary watchdog has ordered the removal of all UnionPay kiosks from c ...More
EJ Insight2014-06-10
