SJM Holdings controls both the Grand Lisboa and the Hotel Lisboa
(Macau).- Stanley Ho’s casino firm still undecided about branding for its foray into rivals’ territory. Macau casino operator SJM Holdings is ‘undecided’ about whether to use the SJM name in the headline branding for its planned Cotai resort. The suggestion comes in a report in the December edition of Macau Business magazine, about the development of branding in the Macau casino market.
Without machines or tables
(Macau).- Six Macau casino operators have asked permission to the government to allow smoking rooms without machines or tables. The Health Bureau and Gaming Inspection and Coordination Bureau are considering the request.
Figures from Wells Fargo
(Macau).- Mass-market gaming revenue grew faster than VIP gaming revenue in the first 11 months of this year, Wells Fargo Securities says. The firm reports that mass-market revenue has risen by 34.8 percent so far this year and VIP revenue by 13.2 percent.
According to a Goldman Sachs report
(Japan).- A Goldman Sachs report discussing the financial impact of casino in Japan has suggested that an integrated casino resort in the capital Tokyo could generate us$ 6.8 billion a year in revenues.
Nevada Governor met with Israeli authorities
(Israel).- Nevada Governor Brian Sandoval wants to use Nevada’s gambling expertise for developments in Israel. He has held discussions with Israel’s political leaders about introducing gaming to the Jewish state, the country’s consul general said last Thursday.
Jay Chun, MGEMA Chairman, organizers of the show
“The Asian economy and its gaming markets are growing faster than any other demography in the world”
(Macau, exclusive Yogonet.com).- Jay Chun, the Chairman of Macau Gaming Equipment Manufacturers Association (MGEMA), organizers of Macao Gaming Show, talked about the first ever gaming trade show to focus specifically on Asia, held November 14-16, with over 100 exhibitors attracting a huge attendance over three days at the Venetian’s CotaiExpo.
(Macau).- Mark A. Brown – President of The Venetian Macao and also of Sands Macao from April 2006 to April 2009 – has been appointed COO of NagaWorld. The latter is the operating unit for the casino resort of the same name developed and run in Phnom Penh, Cambodia, by Hong Kong-listed NagaCorp. Brown will oversee the opening stages of NagaCorp’s casino investment in the Russian city of Vladivostok.
Firm keen to expand in Belarus
(Russia).- Abbiati had a positive performance at the recent Russian Gaming Week, held in Minsk on November 27-28. The company is seeking to boost its presence in the expanding gaming market in Belarus by strengthening its business relationship with existing customers and capturing new commercial opportunities.
Positive October figures despite dwindling turnover so far this year
(Macau).- Macau VIP gaming room investor Iao Kun Group says its rolling chip turnover rose to us$ 1.51 billion in October, 3 percent more than a year earlier. The company announced an October win rate of 2.27 percent. It attributed the higher turnover to its acquisition of 100 percent of the profit interest in a VIP gaming room in Le Royal Arc casino and “a lower-than-normal win rate”.
The company has about us$ 3.2 billion in first-lien debt
(Macau).- Sands China parent company Las Vegas Sands may announce as soon as tomorrow the refinancing of some of its debt in the United States, the publication Business Daily reports. Las Vegas Sands has sought us$ 3.25 billion in term loans and revolving credit, the newspaper quotes Bloomberg as saying.