The decline in the number of Chinese visitors to Macau — the former Portuguese enclave's lifeblood — is causing angst in the city whose economy relies heavily on its neighbor for gamblers, tourists an ...More
EJ Insight2015-07-31
Japan could generate billions of US dollars in revenue annually if it allows casinos to operate. While consensus is still needed for approval, a bill legalizing the industry is up for review in the cu ...More
EJ Insight2015-05-21
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
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's casino industry is expected to see another year of negative growth in 2015 as Beijing's anti-graft campaign continues to batter the VIP segment, Standard & Poor’s (S&P) said. The ratin ...More
EJ Insight2015-02-03
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
Melco Crown Entertainment (06883.HK) is set to open its cinematically-themed gaming resort in Macau this year amid a slump in casino revenue in the world’s largest gambling hub. Studio City, the group ...More
EJ Insight2015-01-12
Macau's gaming revenues are expected to fall further this year as local authorities step up their efforts to regulate the industry, Bank of America Merill Lynch said Wednesday. Gaming revenues at the ...More
EJ Insight2015-01-07
Macau, hit by a slump in gaming revenues, hopes President Xi Jinping will bring help next month. The city is expecting Beijing to announce supportive measures during a visit by Xi, said Lawrence Ho Ya ...More
EJ Insight2014-11-07
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
Casino operators in Macau have been allowing Chinese high rollers to bet by phone since the Macau government cut mainland tourist arrivals as part of an anti-money laundering campaign. Phone betting a ...More
EJ Insight2014-08-18
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
Melco Crown Entertainment (MCE, 06883.HK), through its Asian gaming joint venture, is seeking support from several Japanese firms for its plan to build a US$5 billion casino complex in Japan in time f ...More
EJ Insight2014-04-07
Hong Kong's benchmark Hang Seng Index closed 146 points or 0.64 percent higher Friday on the back of heavyweight blue chips Galaxy Entertainment (00027.HK) and Tencent (00700.HK). It gained 1.25 perce ...More
EJ Insight2014-01-17
General calm prevailed on the Hong Kong stock market Tuesday, although Macau gaming plays rode high again after Morgan Stanley and Citigroup both raised outlooks for the sector's revenue growth as wel ...More
EJ Insight2014-01-07
Hong Kong's benchmark index lost its momentum and dropped more than 500 points on Friday, after overseas equity markets performed disappointingly the previous day. The Hang Seng Index dived 522 points ...More
EJ Insight2014-01-03
Investors piled into Macau casino operators, pushing five out of six gambling plays to new highs on Tuesday after Citibank estimated that December gaming revenue in Macau will be 15 percent higher tha ...More
EJ Insight2013-12-17
