Macau gaming stocks suffered recently due to worries over falling industry revenues and reduced wealth of Chinese equity investors. Casino revenues of the gaming enclave dropped 16.2 percent in the se ...More
EJ Insight2015-07-24
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 casino operator Success Universe Group Ltd. (00487.HK) has set its sights on a gaming license of its own as the government is launching a review of the gaming industry this year. Deputy chairman ...More
EJ Insight2015-02-02
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 casinos saw the sharpest year-on-year drop in monthly revenue in October since the world’s largest gambling hub started keeping records in 2005. Gross revenue for the month plunged 23.2 percent ...More
EJ Insight2014-11-04
Macau's gaming revenue growth will revive in the second half of 2015 following a sharp slide in the key VIP segment in recent months, according to JPMorgan Chase & Co. The investment bank said in ...More
EJ Insight2014-10-30
Macau casino bonds are plunging as a deepening crackdown on Chinese “flies and tigers” is increasingly scaring away high rollers, Bloomberg reported Monday. Wynn Macau Ltd. notes due October 2021 clim ...More
EJ Insight2014-09-29
Macau authorities have completed an investigation into a Cotai land transaction of Wynn Macau Ltd. (01128.HK) and are apparently satisfied with the outcome, according to its chairman Steve Wynn. The t ...More
EJ Insight2014-09-24
Hong Kong's next batch of multi-millionaires are about to be minted thanks to a record Mark Six jackpot (HK$150 million) this weekend and a whopping 3T prize money (HK$30 million) as the horse racing ...More
EJ Insight2014-09-12
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
A shareholder of Wynn Macau's US-based parent Wynn Resorts Ltd. has sought an explanation from the Macau government regarding a US$50 million payment the company made to secure a land parcel in Cotai ...More
EJ Insight2014-07-09
Wynn Macau Ltd. (01128.HK) said it has not been affected by the disappearance of a junket operator who left behind HK$10 billion (US$1.3 billion) in unpaid debts, the Hong Kong Economic Journal report ...More
EJ Insight2014-05-16
