February 4, 2012
| Edition Nº1921 / Year
9
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Reaching a new peak in junket operators
Macau
| 03/02/2012
(Macau).- Official figures show that the number of junket operators is at an all-time high, with 219 licensed VIP gambling junket agents. This number is up by 13 percent from the previous year. In 2010, there were 193 registered junkets.
To us$ 3.13 billion last month
Macau
| 02/02/2012
(Macau).- Casino revenue in Macau rose 35 % in January, beating analyst estimates as Chinese tourists spent more during the Lunar New Year holiday. Revenue at casinos in Macau jumped 35 % to us$ 3.13 billion in January.
The appeal was submitted in January 2011
Macau
| 01/02/2012
(Macau).- The appeal hearing by Sands China on Macau’s government decision not to approve the company’s application for a land concession for the so-called parcels seven and eight in Cotai is underway, a source close to the process told Macau Business Newsletter.
Winning two important awards
Macau
| 31/01/2012
(UK / Hong Kong).- Galaxy Entertainment Group Limited won two top awards at the prestigious International Gaming Awards ceremony in London. The Group received the “Casino Operator of the Year Australia/Asia award”, and Galaxy Macau was recognised as “The World’s Best Casino / Integrated Resort of the Year.”
New recognition to Melco Crown Entertainment
Macau
| 30/01/2012
(Macau).- City of Dreams garnered Best Customer Experience of the Year Award from International Gaming Awards (IGA) 2012. The flagship integrated resort of Melco Crown Entertainment was recognized for its Unique and Diverse Entertainment Experiences.
January could break a single month record in revenues
Macau
| 27/01/2012
(Macau).- The Chinese New Year holiday started strong in Macau, attracting hundreds of thousands to the gaming floors, Union Gaming Group Macau head Grant Govertsen said in an investors note released yesterday.
According to a report
Macau
| 26/01/2012
(Macau).- Melco Crown Entertainment is seeking a us$ 1.5 billion loan to develop its proposed Studio City resort for the Cotai Strip area of Macau - even though the casino developer has yet to formally receive approval from the Chinese government.
Sands Macau, Venetian Macau and Plaza properties
Macau
| 25/01/2012
(Macau).- Leading provider of table game bonusing, progressive jackpot and table game linking solutions, DEQ Systems, announced that it has installed 38 i3 progressive systems equipped with Real Link through three casinos at Venetian Macau Limited (VML) in Macau.
Galaxy Group threatens SJM market lead
Macau
| 25/01/2012
(Macau).- The local gaming market is likely to set new record revenues this month, thanks to recent Chinese New Year, analysts believe. Besides, in the first weeks of January, Galaxy Entertainment Group is taking up a bigger market share than long-time leader Sociedade de Jogos de Macau (SJM).
According to a report from Morgan Stanley’s analyst
Macau
| 24/01/2012
(Macau).- Morgan Stanley’s analyst Praveen K. Choudhary is expecting Macau’s casino industry to report EBITDA growth for the fourth quarter of 2011 of 55 percent year-on-year. That represents a 12 percent increase quarter-on-quarter, he stated in an investors note released last week.