search.noResults

search.searching

dataCollection.invalidEmail
note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
MACAU BUSINESS


Suncity eyeing gambling licence


V


IP gambling specialist Suncity intends to bid for the concessions for new gambling licences in Macau that are expected to be issued in


2022, the executive director of Suncity Group Holdings told Lusa news agency. So far there have only been “rumours” about the licences, with “no official comment” from Macau’s government, Andrew Lo noted, while stressing that if there were any chance of Suncity taking part in the process, it “would love to enter” the bidding. Of Suncity, the world’s leading company in the


junkets market with a more than 40 per cent share of that segment in Macau, he argued that with “several years’ experience” in the market, if the company does secure the concessions, it will remain in a “good position”.


SJM net gaming revenue slightly up N


et gaming revenue of SJM Holdings


Limited increased 0.8 per cent to HK$8.47 billion (US$1.11 billion) year-on-year in the first. According to the SJM unaudited key performance indicators, adjusted EBITDA of the company amounted to HK$1.07 billion, representing an increase of 8.7 per cent. Profit attributable to owners of the company increased 16.5 per cent year-on-year to


HK$850 million, with the increase being mainly due to an increase in mass market gross gaming revenue which recorded a year-on-year increase of 7.9 per cent to HK$6.19 billion. VIP gross gaming revenue was HK$3.93 billion, a decrease of 19.4 per cent year-on-year.


Wynn Macau revenues down 2.6% W


ynn Macau Limited recorded US$1.25 billion


(MOP10.1 billion) in operating revenue for the first quarter this year, down 2.6 per cent year-on-year, according to a financial


David Group opens casino in Cambodia M


report. Net profit attributable to owners dropped 16 per cent year-on-year to some US$190.6million (MOP1.52 billion). At the company’s Cotai property, Wynn Palace,


acau junket enterprise David Group started operating its first casino in


May. Named New Macau Casino, it is located in NanHai International Hotel in Sihanoukville, Cambodia. The casino – in partnership with New Macau International of Cambodia – embraces the SAR’s junket group operations in the mass market area as well as the traditional VIP market. According to David Group CEO Jofe Tam: “It is an irresistible trend


gaming revenues were up 9.6 per cent to US$623.2 million, with VIP operations table games turnover decreasing 17.9 per cent, but with mass market operations going up 7.1 per cent.


to expand the company’s foothold in overseas markets. On the one hand, it can optimise the proportion structure of source markets and open up new sources. On the other, it can provide clients with a feeling of freshness and maintain the loyalty of existing customers, while it’s also beneficial to the company”. Over the last 15 years David


Group’s operations have spread from Macau to Vietnam to the Philippines, South Korea, Singapore and Australia.


22 JULY 2019


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72