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HONG KONG: Macau casino shares jumped after China’s Lunar New Year holiday saw tourism growth double to the world’s biggest gaming hub.
HONG KONG: Monthly casino revenue in Macau fell for the first time in more than two years as China’s economic slowdown deterred high rollers – but the drop was less steep than expected, fuelling a relief rally in gaming shares.
HONG KONG: Macau, the world’s largest gambling hub, will resume gaming Monday at all its casinos after Typhoon Mangkhut forced a 33-hour shutdown of resorts including Sands China Ltd. and Wynn Macau Ltd. that’s estimated to cost operators as much as $186 million in revenue.
SYDNEY: Australia’s biggest casino operator, Crown Resorts Ltd, said its annual profit rose 12.7%, beating expectations and sending its shares to a three-year high, as resurgent demand from high-stakes gamblers boosted turnover.
GENTING Bhd chairman Tan Sri Lim Kok Thay has never quite gotten over losing out on a Macau casino licence.
SYDNEY: Genting Bhd chairman Tan Sri Lim Kok Thay has never quite gotten over losing out on a Macau casino licence.
HONG KONG: MGM Resorts International’s debut of its US$3.4bil property is the latest bet on the world’s biggest casino hub, as licensing bids and China’s proposal to allow gambling on a nearby island cast uncertainties over Macau’s future.