Macau casinos no longer look to high rollers as their primary source of revenue. Instead, they are increasingly relying on the mass gaming market, the Hong Kong Economic Journal reports, citing Grant ...More
EJ Insight2015-10-14
Macau's casino industry will see new projects coming on stream in the Cotai area even as gaming revenues in city have dropped for the eleventh straight month. Galaxy Entertainment, for instance, will ...More
EJ Insight2015-05-18
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
Mass-market room rates in Macau were up about 70 percent during the Lunar New Year holiday, driven by budget-conscious mainland Chinese traffic, the Hong Kong Economic Journal reported Monday. Demand ...More
EJ Insight2015-02-23
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
Hong Kong has seen its ranks of super-rich swell to a record 3,335, according to the latest survey by Wealth-X and UBS, with one of the striking features being that women make up one-fourth of the lis ...More
EJ Insight2014-11-20
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
MGM China Holdings Ltd. (02282.HK) has made it clear that it will not succumb to its labor union's pressure tactics with regard to salary and benefits issues, the Hong Kong Economic Journal reported T ...More
EJ Insight2014-08-14
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
Macau's economic outlook is being affected by China’s slowing economy and greater foreign competition, highlighting the need for the world’s largest gambling hub to diversify from its casino business, ...More
EJ Insight2014-07-09
Macau held a poll Sunday to elect the members of a 400-strong committee that will choose the city's next top leader. Only about 5,400 people were qualified to vote on 344 seats -- the remaining 56 sea ...More
EJ Insight2014-06-30
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
Hong Kong stocks finished mostly weaker on Thursday, with technology and mobile gaming firms coming under pressure after a disappointing debut of London-based game developer King Digital Entertainment ...More
EJ Insight2014-03-27
MKW Capital Management, an international private-equity fund, is preparing to fire a fresh salvo against the Macau government for losses suffered due to the sudden grounding of budget carrier Viva Mac ...More
EJ Insight2014-03-12
Macau's six casino operators are likely to see their licenses renewed for shorter tenors when they come up for renewal in 2020 and 2022 as China's leaders see the licenses as a leverage over the Unite ...More
EJ Insight2014-02-19
The ground is shifting for Macau casino empire SJM Holdings Ltd. (00880.HK). The company has revised up the cost estimates for its new integrated Cotai resort, SJM’s first foothold in the area. Breaki ...More
EJ Insight2014-02-14
