Melco Crown Entertainment
Melco Crown Entertainment
Caesars Entertainment has made a statement of intent in its pursuit of a Japanese ‘Integrated Resorts’ licence by forming a ‘Strategic Advisory Committee’.
May marked the 10th consecutive month of gaming growth in Macau, according to new data from the territory’s Gaming Inspection, and Coordination Bureau (DICJ).
Lawrence Ho has thanked James Packer for his partnership over the past decade as it emerged that the successful joint venture between Melco Resorts & Entertainment and Crown Resorts is coming to an end after Melco announced a public offering which will buy out Crown’s stake in the company
After gross gaming revenue in the fourth quarter was reported to have been 10 percent up year-on-year, analysts caution that operating profits hasn’t followed in lock step.
As Lawrence Ho takes a higher equity in Asian gambling operator Melco Crown Entertainment (MCE), industry analysts are eager to know more about Ho’s strategy reversing MCE long-term declining performance.
An attempt by the Chinese authorities to halt the flow of renminbi out via ATMs in Macau caused a flurry of fear among trigger-happy investors despite analysts believing the move wasn’t aimed in the direction of the casinos
The revival of VIP revenues in Macau looks to be forever on hold as the junket room operator Iao Kun Group throws in the towel on one room in the Sands and says two more room closures are likely.
James Packer’s selling down of his Crown Resorts stake is part of a financial strategy that according to reports will go towards a settlement with his sister regarding the family inheritance
Leisure magnet James Packer’s interest in the Chinese province appears to have cooled significantly, as Macau’s industry slump continues.
Macau’s gaming sector faced with another dismal set of results. However, could Galaxy Entertainment's non-gambling revenue rise point to a little light at the end of the tunnel for the Chinese resort?...
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