Casino operator Galaxy Entertainment Group (GEG) said on Thursday that its total revenue in the first quarter rose 5 percent year on year to HK$14.1 billion.
Business
Gross revenue from Macau’s casinos grew 16.3 percent year on year in April to 20.162 billion patacas (US$2.52 billion), according to data released by the Macau Gaming Inspection and Coordination Bureau.
Sands China Ltd.’s (SCL) total net revenues increased 15.3 percent to US$ 1.88 billion in the first quarter of 2017, compared to US$ 1.63 billion in the first quarter of 2016.
Hong Kong-listed Gaming Operator SJM Holdings has announced that Rui Cunha, one of the longest-serving advisors to casino mogul Stanley Ho Hung Sun, will not seek re-election at its upcoming annual general meeting as one of the company’s executive directors.
Year-on-year inflation in March increased by 0.72%, higher than in February (+0.37%) mainly due to an increase in the prices of meals outside the home, school fees and gasoline, according to the Statistics and Census Bureau.
Fitch Ratings projects 12% gaming revenue growth in Macau for 2017 with equal contributions from the mass market and VIP segments.
The Judiciary Police arrested seven mainlanders for their alleged involvement in an illegal WeChat gambling operation last week.
Sociedade de Jogos de Macau (SJM) announced the signing on Thursday of a HKD 25 billion syndicated loan facilities agreement with 19 leading financial instructions.
Gaming Inspection and Coordination Bureau (DICJ) Director Paulo Martins Chan said on Thursday that his bureau has not received an application for gaming tables from The 13.