May 25, 2013
| Edition Nº2240 / Year
10
|
According to new research
Macau
| 02/04/2013
(Macau).- Japanese brokerage house Nomura has raised its full month estimate for March to between us$ 3.9 billion and us$ 3.9 billion, a 24 to 28 % increase year-on-year. Macau casinos are expected see a record breaking month in March.
According to MGM China CEO
Macau
| 02/04/2013
(Macau).- MGM China’s Chief Executive Officer Grant Bowie expects Macau’s 2013 VIP market to grow by between 8 and 10 %, Bloomberg reports. Bowie forecasts mass-market casino revenue to grow in the “mid to high teens” on a percentage basis. He added that March casino revenue is “pretty solid”.
A move unexpected by industry analysts
Sri Lanka
| 01/04/2013
(Sri Lanka) - Australian gambling tycoon James Packer may be lining up a bet on Sri Lanka, scouting the Indian Ocean island for potential investments as he seeks to build a global casino empire.
According to new research
Macau
| 27/03/2013
(Macau).- Japanese brokerage house Nomura has raised its full month estimate for March to between us$ 3.9 billion and us$ 3.9 billion, a 24 to 28 % increase year-on-year. Macau casinos are expected see a record breaking month in March.
As Macau visitors rise
Macau
| 27/03/2013
(Macau).- Galaxy Entertainment reported annual profit that more than doubled as the number of Chinese gamblers to Macau rose. Net income in 2012 rose to us$ 953 million from us$ 386.4 million a year earlier, the company said in a statement to the stock exchange. That compares with the us$ 961 million average estimate of 25 analysts compiled by Bloomberg.
58 international expert speakers and panelists attended the event
Macau
| 26/03/2013
(Macau / Isle of Man).- The Isle of Man e-Gaming sector was strongly represented at recent iGaming Asia (iGA) Congress in Macau. This conference brings operators from across the Asia Pacific region together with major e-gaming companies from around the globe. During the three day event, the Isle of Man contingent saw a steady stream of enquiries across all aspects of the Island’s e-gaming offering.
Third time it has asked for more time for its project
Macau
| 26/03/2013
(Macau).- Las Vegas Sands says it “expects to apply” to the Macau government for an extension of the May 2014 deadline it was set by the government for completing Sands Cotai Central casino resort on Cotai. According to Business Daily, the company has not said how much of an extension it is likely to seek.
Said the secretary for Economy and Finance
Macau
| 26/03/2013
(Macau).- The Secretary for Economy and Finance Francis Tam Pak Yuen is confident that the local gaming industry has created competitive advantages in the leisure and tourism sector to compete against its rivals in region.
According to JP Morgan and Nomura Securities analysts
Macau
| 25/03/2013
(Macau).- JP Morgan analyst Kenneth Fong says that VIP gambling revenue appears to be growing at the strongest rate since the first quarter of last year. Fong wrote in a note that the Macau casino market can expect gross gaming revenue of us$ 3.9 billion this month, an increase of 25 % year-on-year, reports Business Daily.
It says Macau should enhance investigations on money laundering
Macau
| 22/03/2013
(Macau).- US Department of State called for Macau to “continue to strengthen interagency coordination” to prevent money laundering in the gaming industry. The Department’s latest annual International Narcotics Control Strategy Report says priority should be to introduce “robust oversight of junket operators, mandating due diligence over non-regulated gaming collaborators, and implementing cross-border currency reporting”, Business Daily reports.