|Bid||37.500 x 0|
|Ask||37.550 x 0|
|Day's Range||36.950 - 37.900|
|52 Week Range||31.250 - 41.850|
|PE Ratio (TTM)||31.88|
|Earnings Date||Nov 6, 2017 - Nov 10, 2017|
|Forward Dividend & Yield||0.26 (5.57%)|
|1y Target Est||40.56|
HONG KONG (Reuters) - Casinos in the world's biggest casino hub of Macau extended a 14 month winning streak in September with revenue up 16.1 percent, priming for a bumper national holiday week which is ...
Casinos in the world's biggest casino hub of Macau extended a 14 month winning streak in September with revenue up 16.1 percent, priming for a bumper national holiday week which is expected to see strong ...
A Macau company and Thailand-based firm are looking to raise more than $300 million through what would be the world's largest crypto currency initial coin offering (ICO), according to a document seen by Reuters, to fund the construction of a floating casino hotel. The document shows an agreement signed by Thailand's Wi Holding and Macau's China Kingdom Group this week outlining plans to issue virtual tokens that represent equity in the project over the next six to 12 months.
The Macau gaming industry has made a big comeback after two years of decline that coincided with a crackdown on corruption. Now, the question is where should investors put their money? Analysts at Bernstein Research weighed in on Macau’s casino industry as part of a broader series of reports that dive into the investment implications on various industries of an estimated doubling of outbound travel from China in the next decade. Macau remains a key destination, due in part to gaming and there has been resurgence in spending by VIP gamblers and the mass market tourism to the Asian gaming mecca.
Over the past five years, Macau has raked in $70 billion in taxes from the casinos that have made the territory the largest gambling center in the world. "They could spend much more," said Eric Sautede, a former Macau university professor, and now a researcher specializing in the former Portuguese colony, referring to infrastructure investment. The southern Chinese territory has zero public debt and had fiscal reserves of $55 billion at the end of 2016, equal to 540 percent of public expenditure that year, according to statistics from Macau's financial bureau.
Casinos in the world's biggest gambling hub of Macau booked a 20 percent rise in revenue in August, the 13th consecutive month of gain, and a month in which two deadly typhoons left as much as half the city without power and water. All casinos in the Chinese territory reported power cuts and water shortages ranging from several hours to as many as four days after the typhoons first hit on Aug. 23, causing extensive damage and killing 10 people. Year-on-year revenue growth nevertheless continued, with August reaching 22.7 billion patacas ($2.82 billion) government data showed.
Casinos in the world's biggest gambling hub of Macau booked a 20 percent rise in revenue in August, the 13th consecutive month of gain, and a month in which two deadly typhoons left as much as half the city without power and water for as many as four days. All casinos in the Chinese territory reported power cuts and water shortages ranging from hours to days after the typhoons first hit on Aug. 23, causing extensive damage and killing 10 people. Year-on-year revenue growth nevertheless continued, with August's total reaching 22.7 billion patacas ($2.82 billion) government data showed.
MACAO, Aug. 31, 2017 /PRNewswire/ -- Bolstering their extensive immediate relief efforts in the aftermath of Typhoon Hato, Sands China Ltd. has pledged to donate MOP 65 million -- MOP 30 million from Sands China and a MOP 35 million contribution from the Adelson Family Foundation -- to assist with longer term relief, recovery and rebuilding efforts in Macao. "The thoughts and concerns of the Adelson family and our team members around the world have been with the entire Macao community, and certainly our fellow team members, during this extremely challenging time," said Mr. Sheldon G. Adelson, chairman and CEO of Las Vegas Sands and Sands China Ltd. "We are saddened by the loss inflicted on so many, but inspired by the perseverance and dedication of all those who have already begun the important process of rebuilding.
Macau's anti-corruption agency is investigating the Chinese-ruled territory's weather observatory and its former boss after one of the strongest typhoons on record killed 10 people and left more than half the city without power and water for days. The former Portuguese colony's Commission Against Corruption (CAC) said late on Monday it had launched an investigation after allegations the bureau's ex-director, Fong Soi-kun, had violated rules about typhoon forecasts. The anti-graft watchdog said in a statement it was also investigating the Macao Meteorological and Geophysical Bureau's typhoon forecasting procedures and management.
Chinese People's Liberation Army troops were deployed on the streets of Macau on Friday to help clean up in the aftermath of a devastating typhoon and amid mounting criticism authorities were unprepared for the severity of the storm. Macau public broadcaster, TDM, reported some 1,000 Chinese PLA troops left their Macau barracks to assist in the recovery. Chinese troops are rarely seen on Macau streets.
The death toll in Macau from Typhoon Hato rose to nine, the government said on Friday, after rescuers found another body in an underground carpark and authorities scrambled to deal with the storm's aftermath and mounting public criticism. Amidst mounting public outrage at the government's handling of the storm, including the perceived failure to adequately warn residents as the storm approached, Macau's leader, Fernando Chui, apologised and said the head of Macau's weather observatory, Fong Soi-kun, would step down. Typhoon Hato, with destructive winds of more than 200 kph (124 mph), was the worst storm since 1968 to hit Macau.
MACAU/HONG KONG, Aug 24 (Reuters) - The head of Macau's observatory stepped down on Thursday after chaos and confusion followed one of the strongest typhoons on record, in which at least nine people were killed and more than half the city was left without water and power. Many residents and tourists complained that the government was woefully unprepared for Typhoon Hato and its destructive winds of more than 200 kph (124 mph). Macau's government broadcaster TDM said Typhoon Hato, a maximum signal 10 storm, was the strongest since 1968 to hit the world's biggest gambling centre, home to around 600,000 people.
A company linked to U.S. President Donald Trump has been granted approval from the Chinese territory of Macau for additional trademarks, including casino services, to develop the "Trump" brand in the world's biggest gambling centre. DTTM Operations LLC, which listed the address of Trump Tower on Fifth Avenue in New York, received four trademark approvals on June 7, online documents from the Macau government show. Trump, a wealthy real estate developer with a sprawling business empire, has said that he has handed over his business interests to a trust overseen by one of his sons and a Trump Organization executive.
Casinos in the world's biggest gambling hub of Macau extended a one-year winning streak with monthly revenue rising 29 percent in July due to a resurgence in spending by wealthy punters and increased numbers of tourists. The special administrative region of Macau is a former Portuguese colony and the only Chinese territory where casino gambling is legal. Macau's overall market has grown over the past year, with new resorts increasing competition for casino operators such as Wynn Macau Ltd, MGM China Holdings Ltd, SJM Holdings Ltd, Sands China Ltd, Melco Resorts & Entertainment Ltd and Galaxy Entertainment Group Ltd .
While Hong Kong has been roiled by protests and calls for independence from China, things have been quieter in the neighboring gambling center of Macau, which has seen little dissent to rule from Beijing. The calm in the former Portuguese enclave, now a special administrative region of China, is partly the result of a multi-decade effort by Beijing to exert its authority over the territory. In the decade before the handover in 1999, the Chinese government handpicked a group of about 40 young graduates from across China and placed them in key government departments, according to former officials familiar with the process.
Judges in the Chinese-controlled territory of Macau found a former top prosecutor guilty of more than 1,000 charges on Friday and jailed him for 21 years, public broadcaster TDM reported. The verdict against Ho Chio Meng, who was once tipped as a candidate to head the former Portuguese colony that reverted to Chinese rule in 1999, brings to an end the most high-profile graft case in the world's largest gambling hub in more than a decade. Ho was first charged last February after Macau's anti-corruption agency launched a criminal investigation against him.
The billionaire owner of the City of Dreams casino resort in Manila will increase security at his complex, he said on Friday, following the deaths of at least 36 people at the nearby Resorts World Manila. A gunman burst into the Resorts World Manila, fired shots and set gaming tables alight in the early hours of Friday, sowing panic in a country already on high alert over a militant attack in the south. "With an incident like this, especially at Resorts World Manila, we certainly would ratchet that (security) up even more...certainly an issue we will buckle down on," Lawrence Ho, 40, who owns casinos in Manila and Macau, told Reuters in Hong Kong.
Revenues in the world's biggest casino hub of Macau jumped 24 percent in May, beating expectations and posting a 10-month winning streak as wealthy gamblers returned to the southern Chinese territory despite ...
Kong Linghui, one of China's best-known table tennis players and now head coach of the country's national women's team, is facing a HK$2.55 million ($327,000) lawsuit over a gambling debt to a luxury hotel in Singapore, according to a Hong Kong court writ. Singapore has become a playground for Asia's rich and famous, luring cash-rich Chinese gamblers who increasingly turned their attention to the city-state when a crackdown on corruption by Chinese President Xi Jinping took on high-rollers in the nearby gambling hub of Macau. The writ submitted to the court by the Marina Bay Sands hotel said Kong signed a credit agreement two years ago to borrow S$1 million from it.
Macau plans to add security features to ATMs to monitor withdrawals, authorities in the world's largest gambling hub said as the Chinese territory seeks to tighten restrictions on cash flows out of the mainland. Macau is a special administrative region of China and the announcement of the plan coincides with a visit by Zhang Dejiang, the head of China's parliament and its third-most powerful leader. The new measures announced for China's UnionPay bank card means users will have to scan their identity card at automated teller machines (ATMs), which will use facial recognition technology to verify the user, the government said in a statement.
Macau plans to add security features to ATMs to monitor withdrawals, authorities in the world's largest gambling hub said as the Chinese territory seeks to further tighten restrictions on cash flows out of the mainland. Macau is a special administrative region of China and the announcement of the plans coincides with a visit by Zhang Dejiang, the head of China's parliament and its third-most powerful leader. Users of China's UnionPay bank card will have to scan their identity card at ATMs, which will use facial recognition technology to verify the user, the government said in a statement.
MANILA/HONG KONG, May 8 (Reuters) - China and the Philippines have joined forces to tackle illegal gambling, part of Beijing's broader campaign to curb illicit capital outflows and a pledge by Manila to weed out unscrupulous operators from the country's booming gaming industry. The coordinated crackdown comes amid warming ties between Chinese President Xi Jinping and his Philippine counterpart Rodrigo Duterte, who has made illegal gambling the third front in his all-out war on crime, after drugs and corruption. In their first joint exercise, Philippine and Chinese authorities cracked a transnational cyber gambling operation in April, shutting four illegal websites run out of the Philippines, arresting 99 people and freezing more than 1,000 bank accounts, China's Public Security Bureau said.