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LVS to dominate in Asia for the next five years

2019-10-31

Las Vegas Sands and its Sands China unit are likely to dominate the market in Singapore and Macau for the next five years, according to a report from Bernstein.

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Nagacorp net up 36%; mass lifts margins

2019-07-23

Nagacorp posted a 36 percent jump in net profit in the six months to end June, with strong growth in the mass market helping to boost profit margins.

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Macau’s VIPs spread their wings

2019-06-14

Macau’s reputation as the go-to destination for casino VIPs is under threat as facilities improve in other regional destinations that offer lower tax rates and better junket margins.

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Analysts watching for guidance on premium mass: DB

2017-04-11

Analysts are likely to be watching for any commentary from management on the performance of the premium mass sector during the upcoming round of quart

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Wynn Macau raises workers' pay

2017-03-22

Wynn Macau will raise the wages of non-management staff by between 3 percent and 6.5 percent, the company said. The change is effective from March 1 a

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Melco Crown boosts pay for non-management employees

2017-03-21

Melco Crown Entertainment has followed Macau rivals in announcing a pay rise for non-management employees, as analysts warn cost pressures in the terr

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Margin pressure seen rising as VIP gaming picks up

2017-03-19

Macau’s casino operators are likely to facing increasing margin pressure in 2017 as overall costs rise and promotional pressures gain with the uptic

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Marketing to the masses

2016-08-02

Galaxy Entertainment added to its range of non-gaming attractions in June, opening Macau’s first Apple Store, as operators seek to appeal to a broader market to replace the shrunken VIP sector. Macau now gets around 45 percent of its revenue from the...

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NagaCorp may see margin squeeze from junket commission, staff costs: MS

2015-08-15

Following NagaCorp’s 15H1 results, in which the operator reported net profit of $101 million, up 49 percent year-on-year, Morgan Stanley says that

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