Thursday, June 30, 2022


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Junket woes cause Donaco to post FY18H1 net loss


Headaches caused by a former Thai junket impacted the earnings of Australia-listed Donaco International in the first half of the 2018 fiscal year. As

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China Star Ent records widened loss in 17H1


China Star Entertainment, operator of Hotel Lan Kwai Fong in Macau, saw its loss widen by 225 percent to HK$127.1 million (US$16.2 million) for the si

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SJM posts narrowed profits in 2016


Casino operator SJM Holdings saw narrowed profits in 2016, down 5.6 percent year-on-year to HK$2.3 billion, according to the company’s filing to the

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Crown’s Craigie exits, profits narrow FY17H1


Australia-listed Crown Resorts on Thursday announced the departure of its chief executive after more than 20 years with the group. Instead of sourcing

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SA pokies spending at 13-year low


Spending on poker machines has hit its lowest levels since 2003 in South Australia, with punters moving to online games, local media reports. Accordin

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Macau casino stocks dip following Crown staff arrests


Macau’s casino shares saw a dip in price after it was announced that Chinese authorities detained 18 employees of Crown Resorts for suspected “gam

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Macau GGR soft last week, headed for decline


Last week’s gross gaming revenue was softer than expected, says Bernstein - which pushes August GGR estimates down to -3 to -1 percent year-on-year

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DJI to raise $38.5 million via conditional placing


China focused lottery and payment processing firm DJI Holdings on Friday announced a conditional placing of 30.5 million new ordinary shares, which wi

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Visitors on package tours down 34.2 percent in May


Visitors on package tours totalled 541,000 in May, down 34.2 percent year-on-year, according to the latest statistics from the Macau Statistics and Ce

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Macau GGR picks up in second week of June


Macau gross gaming revenue has picked up in the second week of June ahead of estimates, thanks in part to the recent dragon boat festival holidays, sa

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June GGR has weak start: Bernstein


Macau’s gross gaming revenue last week was MOP 2.5 billion (US$312.5 million), implying ADR of MOP 510 million, said Bernstein in a note on Monday.

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RMB depreciation and Shanghai Disney a threat to Macau


A survey of 1,000 Chinese gamblers has revealed that UnionPay and FX risks, as well as Shanghai Disney are near-term threats to Macau. In a note from

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Macau GGR down 9.6 percent in May


Macau gross gaming revenue (GGR) was down 9.6 percent to MOP 18.4 billion (US$2.3 billion) in May, below analysts’ expectations, according to the la

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Moody’s downgrades Macau to Aa2, with negative outlook


Ratings agency Moody's Investors Service has downgraded Macau's issuer rating to Aa3 from Aa2 on Wednesday, with a negative outlook given a protracted

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GGR off to strong start in May, Bernstein says


Macau’s gross gaming revenue for the first week of May was off to a strong start, and is expected to be seasonally stronger than April, says Bernste

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Package tour visitors continue to decline


Macau continued to receive fewer visitors coming through package tours in March, local media reports. The data, released by Macau’s Statistics and C

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Macau GGR down 9.5 percent, above consensus


Macau’s casino gross gaming revenue (GGR) declined 9.5 percent year on year in April to MOP 17.3 billion (US$2.2 billion), according to official dat

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Melco and Wynn exposed to debt-ridden junkets


Macau’s Melco Crown Entertainment Ltd and Wynn Resorts Ltd are most at risk of being exposed to debt-ridden gaming promoters, said Daiwa analysts, a

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Macau TPI falls, hotel rates to blame


Macau’s Tourist Price Index for the first quarter of 2016 decreased 6.7 percent year on year, mainly due to lower hotel rates, says Macau’s Statis

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