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Business 10 Jul 2012 | 12:00 AM

Tough times for Macau junket operators

MACAU: The shadowy companies that bring China’s millionaires to the gambling tables of Macau are facing their toughest time since the 2008 collapse of Lehman Brothers, and some of the smaller players may soon drop out of the game for good.

Business 09 Jul 2012 | 12:00 AM

Genting slips on concerns over Singapore casino fine

Shares of Genting Bhd slipped on Monday amid profit taking and also concerns about the impact on its 52%-owned Genting Singapore following a stricter Casino Control Act proposed by the island republic.

Business 27 Jun 2012 | 12:00 AM

Genting aims to up stake stake in Echo

MELBOURNE: Companies linked to Genting Bhd and its chairman Tan Sri Lim Kok Thay sought approval for boosting a stake in Echo Entertainment Group Ltd above 10%, setting up a potential takeover battle with Crown Ltd.

Business 22 Jun 2012 | 12:00 AM

Casino hopefuls clash in Massachusetts sweepstakes

SPRINGFIELD, Massachusetts: The Massachusetts Turnpike carves its way east from Boston through the upland hills and small towns of western Massachusetts, an area hard-hit by the recent recession. It is here that some of the biggest names in casino gambling are laying down fortunes in hopes of reaping big payoffs, while local supporters and antagonists gird for a showdown.

Business 22 Jun 2012 | 12:00 AM

Wynn Resorts wins venue battle in Okada lawsuit

LOS ANGELES: In the latest skirmish between Las Vegas mogul Steve Wynn and Wynn Resorts' one-time largest shareholder, a federal judge ordered the legal battle with Japanese billionaire Kazuo Okada to be moved back to the Nevada state court.

Business 06 Jun 2012 | 12:00 AM

Wynn’s Macau resort to cost US$4bil

MACAU: US casino magnate Steve Wynn said Wynn Macau Ltd’s latest casino resort in the former Portuguese enclave would cost US$4bil, as the company bets on continued growth in the world’s largest gambling destination.

Business 02 Jun 2012 | 12:00 AM

Macau gambling revenue growth slows to 3-year low

HONG KONG: Macau, the world’s largest gambling destination, posted 7.3% growth in its May gambling revenue, the slowest expansion rate recorded since July 2009.

Business 04 Jan 2012 | 12:00 AM

25% rise in Macau casino revenue

MACAU: Casino revenue in Macau, the worlds largest gambling hub, gained 25% in December to 23.6 billion patacas (US$3bil), driven by Chinese tourists spending.

Business 29 Dec 2011 | 12:00 AM

U.S. online poker ruling at risk in future

WASHINGTON (Reuters) - While the Internet poker world salivates at the prospect of its business coming back to life thanks to an Obama administration ruling, a future U.S. president could reverse that decision and send the industry back to the drawing board if it is not codified into law.

Business 01 Oct 2011 | 12:00 AM

Stocks of Macau casinos slump

HONG KONG: Hong Kong-listed shares of Macau casino operators slumped as fears of a heightened credit squeeze on private firms in China and renewed rumours that Beijing may tighten visas to the former Portuguese colony dented the sector.