During the first half of this year, MGM China recorded a total revenue of HKD7.4 billion, an increase of 3 percent year-on-year. Adjusted EBITDA was HKD2.2 billion, an increase of 11 percent from last year.
Business
Macau Roosevelt hotel opened on Wednesday with a casino in the name of the Macau Jockey Club with 30 gaming tables and 90 slot machines, as well as VIP rooms.
Casino operator Las Vegas Sands Corp reported a year-on-year increase of 61.9 percent in net income in the second quarter of 2017 to US$638 million. The quarterly results were driven by strong performance at its Macau and Singapore subsidiaries, the firm announced on Wednesday.
Wynn Resorts Ltd.’s new Macau resort came up short last quarter, failing to fully capitalize on the recovery in the world’s biggest casino market as construction nearby kept some guests away.
The first Beijing-Macau flight from Beijing Capital Airlines landed at Macau International Airport (MIA) on Tuesday, marking the beginning of flights bringing passengers to Macau from Beijing and then to the Lisbon terminal.
Macau Civil Aviation Authority said on Tuesday that the local government has requested the central government’s permission to reclaim land in the waters between the local airport’s two taxiways that link the runway and the apron.
Secretary for Economy and Finance Lionel Leong Vai Tac said at the weekend that the government will not be complacent after achieving good results in the Asia/Pacific Group on Money Laundering (APG) Mutual Evaluation Report (MER) 2017.
The police busted a fake VIP gaming room in a hotel suite in Nape on Wednesday and arrested 19 gang members from the mainland.
The government will urge CTM to further lower its leased line and International Direct Dialling (IDD) service charges this year.