SJM Leads Macau Casino Stocks Higher on Plan to Limit Expansion

SJM Holdings Ltd., the Macau casino operator controlled by billionaire Stanley Ho, led Hong Kong- listed gambling companies higher as analysts said they would benefit from a plan to limit further expansion of the industry. SJM climbed 6.3 percent, the most in more than a month, after Fernando Chui, the enclave’s chief executive, said in

City of Dreams Launches House of Dancing Water Show

City of Dreams casino is making a splash with a watery new entertainment spectacle — but the jury is still out on whether punters come to the betting-mad Chinese territory for anything other than gambling. A media preview Wednesday of a new aquatic acrobatics show at the City of Dreams casino featured a dizzying mix

Macau Still Looking For Ways To Agree On Anti-Smoking Law

The Macau Government should look into the experiences of other countries when dealing with the application of the smoking ban in casinos, lawmakers said, however, they remain unable to come to an agreement on how the anti-smoking law should be applied. The Legislative Assembly remains unable to come to an agreement on how the anti-smoking

Investors Still Betting On Hong Kong Casino Operators

Most Hong Kong casino shares shone even against Friday’s bright market performance, and some remain upbeat on the sector despite a recent slowdown in Macau’s gambling revenue. Gross gambling revenue in June in the former Portuguese colony on China’s southern coast fell 20% from May’s record high, likely because the World Cup distracted high-stakes gamblers.

Poker Machines Will Prevail in Macau Says Aristrocat

Poker machine maker Aristocrat Leisure has denied claims it faces a struggle to increase machine sales in Macau because gamblers prefer to play the card game baccarat. Speaking from Asia's biggest gambling conference in Macau this week, chief executive Paul Oneile said gamblers visiting the former Portuguese enclave were acquiring a taste for machines and were

Las Vegas Sands 2-Q profit up 27%

Comment - As mentioned before Las Vegas Sands has had a head start on Wynn Resorts, which so far has outlayed cash but as yet has to see a return on its Wynn Macau Resort due to open on September 6. It just shows that Macau is the place to be, whilst Las Vegas dropped

Real estate news on Macau

Home rents in Macau could rise by as much as 20 per cent during the year because of increased demand from new residents coupled with a stand still housing supply, warns a property company. Midland Surveyors (Macau) said the local market was heating up with more than 10,000 outsiders expected to take up hotel, restaurant and financial services jobs in

Las Vegas Sands gets nine proposals for US$1bil loan

May 31, 2006 - SINGAPORE: Las Vegas Sands Corp. received proposals from at least nine banks to provide a US$1bil, one- year loan as the company plans financing to fund the development of Singapore's first casino-resort.   “We will pick one of those banks to provide the loan in order to bridge ourselves and give ourselves

Cambodian casino seeks up to $77 mln in HK IPO-paper

HONG KONG, June 5 (Reuters) - Cambodian casino operator NagaCorp plans to raise between HK$400 million and HK$600 million (US$51-US$77 million) in a Hong Kong initial public offering to be launched this month, a newspaper reported on Monday. The listing hearing of NagaCorp was scheduled for this month, before a proposed share sale of casino mogul

Macau Success Raises Capital for Ponte 16 Casino Project

Macau Success Ltd said wholly owned unit Golden Sun Profits Ltd has agreed to sell about 10 pct of World Fortune Ltd's existing issued share capital to Japan's Maruhan Corp for 208.5 mln hkd. The sale also includes about 10.2 pct of the interest-free shareholder's loan of 66.47 mln hkd provided by Golden Sun to World