Galaxy Entertainment Group (GEG) said in a statement to the Hong Kong Stock Exchange on Wednesday that its net revenue fell 61% both year-on-year and quarter-on-quarter to HK$5.1 billion in the first quarter.
Business
US gaming mogul Sheldon Adelson’s Las Vegas Sands has given up on its US$10 billion casino project in Japan, Fox Business reported on Tuesday.
The government’s receipts from gaming taxes fell 47.9% year-on-year to MOP 20.5 billion (US$2.56 billion) in the first four months of the year, the Financial Services Bureau (DSF) announced today.
US gaming operator MGM China Holdings Limited announced today that Chief Executive Officer Grant R. Bowie has “notified” the company of his decision to retire with effect from May 31.
The total number of personal credit cards issued by banks in Macau continued to rise in the first quarter, but both credit card turnover and repayments recorded year-on-year declines.
Local residents have in the five days, since they were valid, spent MOP 295 million on goods and services with their government-issued consumption subsidy smartcards.
Wynn Macau reported today a net loss of US$154.1 million (MOP 1.23 billion) in the first quarter.
The management of Royal Supermarket Company Limited “sincerely apologised” on Tuesday morning in a statement for what it described as “price confusion” concerning some of its goods.
SJM Holdings Limited announced today that its adjusted EBITDA declined year-on-year to a negative HK$200 million in the first quarter, a decrease of 118.6%.