Hong Kong-Zhuhai-Macau Bridge helps February Macau arrivals grow 15.5%
Visitors arrivals to Macau increased 15.5% year-on-year in February, with more than 3.5 million entries during the month. The positive figures have been attributed to a combination of factors including the Chinese New Year holiday and increased use of the...
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MGM Cotai launches The Mansion luxury VIP enclave
MGM Cotai has finally opened its long-waited luxury VIP accommodation, The Mansion. MGM Resorts International Chairman and CEO Jim Murren revealed during an interview with Bloomberg that The Mansion came on-line on Thursday – roughly nine months after originally planned...
Philippines, Cambodia business drives APE to growth in 2018
Macau-based electronic gaming equipment distributor Asia Pioneer Entertainment (APE) booked a 361% increase in net profit to HK$20.7 million for the year ended 31 December 2018, buoyed by increasing business across Southeast Asia. Revenue of the group grew 27% year-on-year...
BMM flags 20% Asian growth, doubles size of Macau and Singapore teams
Independent gaming test laboratory BMM Testlabs says it enjoyed 20% year-on-year growth across Asia in 2018. Although the company didn’t reveal financial information, it stated in a news release posted on its website that there was strong growth across all...
Venetian Macao to host security drill this Friday
Macau’s law enforcement bodies will coordinate alongside the Venetian Macao this Friday to undertake the annual “Wolf Hunt” security simulation. The operation recreates a revenge attack and assault with weapons. The drill will aim to test the reaction of the...
SJM announces pay rise for Macau IR staff
Sociedade de Jogos de Macau, S.A., better known as SJM, has become the latest concessionaire to announce a salary increase for its staff with eligible employees set to see their wages rise by between 2.5% and 8.3%. The increase, effective...
Sands China declares 2018 final dividend
Sands China has announced that it has recommended a final dividend of HK$1.00 per share for the year ended 31 December 2018. Pending shareholder approval at the company’s AGM on 24 May, the dividend will be paid to those shareholders...
Macau extends licenses of SJM and MGM to 2022
The Macau government announced on Friday that it has authorized the requests of Sociedade de Jogos de Macau, S.A. (SJM) and MGM Grand Paradise, S.A (MGM) to extend their concession and sub-concession contracts until 26 June 2022. In its official...
