Archive

_2019-08-13
Travellers International Hotel Group posted an almost 52 percent drop in Q2 net profit as costs rose and a one-time gain reported last year wasn’t repeated, though revenue growth was strong.

_2019-07-24
Higher costs associated with Australia’s Point of Consumption Tax (POCT) has ultimately been passed over to gamblers, according to a note from JP Mo

_2018-03-06
Paddy Power posted a 13 percent gain in 2017 revenue, helped by a strong performance from its Australian online betting brand Sportsbet. The U.K.-list

_2016-08-25
International bookmaker Paddy Power Betfair reported 16H1 results this week, including results of Australian operator Sportsbet. The gambling giant, c

_2015-11-03
The average daily wage of construction workers increased by 9.5 percent quarter-on-quarter to MOP771 ($96.5) in 15Q3, due to an increase in demand for

_2015-10-21
Las Vegas Sands 15Q3 results beat expectations due to continued cost cutting in Macau and a surprising upside in Singapore, but recent modest margin d

_2015-09-15
Morgan Stanley analysts said casino management have no choice but to focus on cost cutting after gross gaming revenue fell 44 percent in15Q2, with no

_2015-09-09
Deutsche Bank has revised down its Macau property EBITDA forecasts to between 9 percent and 12 percent for 2015 and 2016 due to margin pressure as fix

_2015-09-01
A Filipino Senator has requested the Senate look into reports that City of Dreams Manila would suspend around 100 workers to cut costs. According to l

_2015-07-07
Morgan Stanley says investors are too focused on weekly data for signs of bottoming revenue, while the risk of significant margin dilution due to high

_2015-05-25
Economic Development Minister Steven Joyce and SkyCity CEO Nigel Morrison announced that the company and the state have agreed the preliminary design,

_2015-04-29
  SkyCity’s CEO announced that it it making good progress with the government towards finalizing the preliminary design of the New Zealand Internat

_2015-03-05
Amid tough market conditions, Wynn Macau is among the local casino operators encouraging staff to take unpaid leave to save money. According to a te