Sands Casino Resort
Sands Casino Resort
Analysts caution against reading too much from January’s figures with the Chinese New Year celebrations still in progress and new properties in Cotai still bedding in
The US Department of Justice (DOJ) has charged Las Vegas Sands Corp a fine of $6.95m in relation to compliance and auditing failures for payments/transactions carried out to business associates of its China and Macao properties.
Following the decision by the upper house to pass legislation effectively legalising casinos, the analysts have turned their attention to sizing the potential market
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
Galaxy Entertainment’s Cotai property the standout as the company adds to the general feeling of recovery in Macau with rising mass-market revenues pushing ahead of the overall market trend
The openings of the Wynn Palace and particularly Sands China’s Parisian Macau properties add weight to revival hopes in Macau though Premier Li’s two-day visit to the territory will pose challenges in October.
Junket operator Iao Kun maintain the closure of three rooms in Macau are the result of an internal strategic review as report shows hopes for mass market uplift are on hold.
The divergent paths of VIP revenues in Macau and the rest of the global market if likely to continue given the likelihood of continuing headwinds in the Chinese gambling enclave.
Representatives of the NFL American football league told players they would be fined or banned if they attended a daily fantasy sports (DFS) convention, according to a $1m (€910,000) lawsuit filed by the organisers of the subsequently cancelled National Fantasy Football Convention (NFFC).
Macau’s dreadful gaming performance entered a second year as it recorded a 13th consecutive month of decline, but transit visa changes could be good news for the Chinese resort.
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