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A service for global professionals · Wednesday, January 15, 2025 · 777,326,381 Articles · 3+ Million Readers
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Macau Casinos News Monitoring

  • Published on 13:58 GMT

    7 major investors eyeing Thai casino projects

    Entertainment complexes expected to start opening across country by 2029 PUBLISHED : 15 Jan 2025 at 20:00 International investors have expressed interest in the casino-entertainment complexes that Thailand hopes to open starting in 2029, according to …

    Source: Bangkok Post - Center-right
  • Published on 19:29 GMT

    MGM partner Orix says Japan IR could outpace Macau, Singapore

    Toyonori Takahashi of MGM Resorts' partner Orix says Japan’s first integrated resort could outpace its Asian rivals. Construction of MGM Osaka starts in April. Orix Corporation, MGM Resorts’ largely unsung partner in a multibillion-dollar integrated …

    Source: iGB - Neutral
  • Published on 01:54 GMT

    Macau casino regulator to add 65 staff, mostly inspectors

    Jan 15, 2025 Newsdesk Latest News, Macau, Top of the deck &nbsp Macau’s casino regulator, the Gaming Inspection and Coordination Bureau (DICJ), expects to have a net increase of 65 staff in 2025, with most of the newcomers in “inspector” roles. That is …

    Source: GGRAsia - Pro-Government
  • Published on 02:46 GMT

    Macau-based investor increases stake in Star Entertainment amid financial struggles

    Star Entertainment’s financial woes have taken a curious turn as Macau-based businessman Xingchun Wang increased his stake in the company for the second time in a week. Wang, who reportedly became the second-largest shareholder, now owns nearly 7% of the …

    Source: Macau Daily Times - Uncategorized
  • Published on Jan 14, 2025

    Casinos 'a boon to criminals'

    Move gives rise to laundering fears PUBLISHED : 15 Jan 2025 at 04:43 Critics have warned that entertainment complexes where casinos will be allowed to operate will be used by illegal businesses to launder money. Rangsiman Rome, an opposition People's …

    Source: Bangkok Post - Center-right
  • Published on Jan 14, 2025

    Thailand casino bill raises questions, concerns

    Anti-gambling lobbyists say Thailand’s casino legislation has shifted away from Singapore’s integrated resort model, with too much emphasis on gaming. The Council of State agrees and says it will oppose passage of the Entertainment Complex bill. The Stop …

    Source: iGB - Neutral
  • Published on Jan 14, 2025

    Macau investor becomes major shareholder in struggling Star Entertainment

    A Macau-based investor, Xingchun Wang, has raised his stake in Australia’s embattled Star Entertainment Group, increasing his shareholding to 6.52% after purchasing an additional 28.7 million shares for AU$3.16 million ($1.96 million) in the past 24 hours. …

    Source: Yogonet International - Neutral
  • Published on Jan 14, 2025

    Premium mass segment continues to drive Macau’s GGR in 2025

    Macau’s gaming industry is poised to sustain its momentum in 2025, with the premium mass segment continuing to play a central role in driving gross gaming revenue (GGR), according to Goldman Sachs. The insight from the investment bank comes after meeting …

    Source: Asia Gaming Brief - Neutral
  • Published on Jan 14, 2025

    Sands China, Alipay, and Macau Pass launch Alipay Tap! in Macau

    Sands China Ltd., Alipay, and Macau Pass have announced a joint venture to launch the Alipay Tap! service at Sands Resorts Macao. By leveraging innovative payment interaction technology, this service aims to significantly enhance the payment experience for …

    Source: Asia Gaming Brief - Neutral
  • Published on Jan 14, 2025

    Macau-based investor further ups The Star stake, voting power now at 6.52%

    The Macau-based investor who recently upped their stake in Australia’s The Star Entertainment Group has further increased their shareholding, now gaining 6.52 percent of the voting power of the company. This comes after, on January 10th, Xingchun Wang …

    Source: Asia Gaming Brief - Neutral
  • Published on 10:05 GMT

    Sands China 4Q24 performance estimates lowered amid market challenges – Deutsche Bank

    Sands China is facing a challenging landscape for the fourth quarter of 2024, as Deutsche Bank has revised its estimates downward in light of lower-than-expected gross gaming revenue (GGR) from Macau and a decline in GGR market share.  Continued property …

    Source: Asia Gaming Brief - Neutral
  • Published on 10:05 GMT

    Strong VIP to help MGM China growth surpass industry average in 4Q24 – Jefferies

    MGM China growth should outpace the Macau gaming industry average in the last quarter of 2024 thanks to a strong VIP segment, Jefferies’ analysts predict. Jefferies anticipates that MGM will report an adjusted EBITDA of HK$2 billion ($128.4 million) for …

    Source: Asia Gaming Brief - Neutral
  • Published on Jan 14, 2025

    Sands China introduces Alipay Tap! in its Macau properties

    Jan 14, 2025 Newsdesk Latest News, Macau, Top of the deck &nbsp Casino operator Sands China Ltd says it has partnered with Chinese mobile payment platform Alipay and stored-value card Macau Pass, to introduce the “Alipay Tap!” service at its casino …

    Source: GGRAsia - Pro-Government
  • Published on Jan 14, 2025

    Star’s mystery Macau backer hikes stake for second time in a week

    Star Entertainment’s major Macau-based investor has increased his stake in the company for a second time in a week, with the mystery businessman now owning almost 7 per cent of the struggling casino operator. Xingchun Wang has spent more than $38 million …

    Source: Financial Review - Center-right
  • Published on Jan 14, 2025

    Macau-based businessman increases stake in Star Casino

    A Macau-based businessman has increased his stake in the struggling ASX-listed casino operator The Star Entertainment Group. Company filings show that Wang Xingchun has quickly become The Star's second-largest shareholder, amassing about 6.52 per cent …

    Source: The Geelong Advertiser - Center-right
  • Published on Jan 14, 2025

    Macau-based investor owns over 6pct of Star Entertainment

    Jan 14, 2025 Newsdesk Latest News, Macau, Top of the deck, World &nbsp An investor with an address registered in Macau controls a 6-percent stake in Australian casino operator The Star Entertainment Group Ltd, according to stock exchange filings. A …

    Source: GGRAsia - Pro-Government
  • Published on Jan 14, 2025

    Macau Investor Scooping Up Shares of Star Entertainment

    Posted on: January 13, 2025, 09:58h.  Last updated on: January 13, 2025, 09:58h. Macau businessman Wang Xing Chun has been gobbling up shares of Star Entertainment even as the Australian casino operator is pushed to the brink of solvency. The Star Sydney. …

    Source: Casino.org - Neutral
  • Published on Jan 14, 2025

    Embattled casino group Star has a stalker rather than a saviour

    But the provenance of this Chinese investor remains a mystery. He does share the name with a businessman who is the majority shareholder in a Hong Kong-listed company, E-Commodities Holdings, which trades in commodities, including coal and oil. His private …

    Source: The Sydney Morning Herald - Neutral
  • Published on Jan 14, 2025

    Touted as Macau’s threat, Thailand approves draft bill to legalize casinos

    Thailand’s Cabinet approved a draft bill yesterday to legalize casinos with the aim of boosting tourism and addressing a sluggish economy. Currently, some forms of gambling, such as betting on boxing and horse racing, are permitted, but casinos remain …

    Source: Macau Daily Times - Uncategorized

05 days 06:39:12

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