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Edward Tracy, President and CEO of Sands China, discusses the company's move to bring the 'DreamWorks Experience', and more Chinese families to Macau
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*1100 Beijing Tong Ren Tang Chinese Medicine Co Ltd. *1215 China Galaxy Securities Co Ltd to hold an investor luncheon presentation of its global offering. 5/ F, Island Shangri-la. Q1 results.- South China Land Ltd Q1 results.- Sunevision Holdings Ltd Q3 results.- Zhejiang Expressway Co Ltd Q1 results.++ AGM/SGM/EGM++.
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HONG KONG, May 6- Macau casino operator SJM Holdings Ltd, controlled by the family of gambling tycoon Stanley Ho, posted a 12 percent year-on-year increase in first-quarter net profit, buoyed by strong interest from cash-rich Chinese gamblers. Macau, a former Portuguese colony, is the only place in China where citizens can legally gamble in casinos.
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Edward Tracy, President and CEO of Sands China, discusses the company's move to bring the 'DreamWorks Experience', and more Chinese families to Macau
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Laurent Fabius, Foreign Minister and former Primer Minister of France, will give a press conference following his visit to China. Q1 results.-# SJM Holdings Ltd Q1 results.++ AGM/SGM/EGM++. -1100 Active Group Holdings Ltd.
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-0905 Hong Kong Monetary Authority's chief Norman Chan will give a briefing to the Legislative Council Panel on Financial Affairs, and to announce Q1 Exchange Fund Investment Results. -1130 RHB Holdings Hong Kong Ltd and its parent RHB Investment Bank Bhd to hold a media luncheon and to outline the development plans for Hong Kong office.
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HONG KONG, May 2- Gambling revenue in Macau, the world's biggest gaming destination, rose 13.2 percent in April year-on-year, buoyed by strong demand from wealthy Chinese punters. Macau, a Portuguese colony until 1999, is the only place in China where casino gambling is legal.
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HONG KONG, May 2- Gambling revenue in Macau, the world's biggest gaming destination, rose 13.2 percent in April year-on-year, buoyed by strong demand from wealthy Chinese punters. Macau, a Portuguese colony until 1999, is the only place in China where casino gambling is legal.
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HONG KONG, May 2- Gambling revenue in Macau, the world's biggest gambling destination, rose 13.2 percent to 28.3 billion patacas in April, according to government data. Macau, a Portuguese colony until 1999, is the only place in China where casino gambling is legal. Full-year gambling revenue hit $38 billion last year.
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HONG KONG, May 2- Hong Kong shares could return from a mid-week Labour Day holiday weaker on Thursday, after soft China manufacturing data and a disappointing jobs report in the United States heightened concerns about the global economy. Elsewhere in Asia, Japan's Nikkei was down 0.3 percent, while South Korea's KOSPI was down 0.1 percent at 0058 GMT.
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LOS ANGELES, May 1- Casino operator Las Vegas Sands Corp, owned by billionaire Sheldon Adelson, on Wednesday posted better-than- expected first-quarter earnings, helped by good results in Macau and Singapore, and its shares rose. "For me the big surprise was Singapore and its VIP business, which was very strong," said John Kempf, an analyst with RBC Capital Markets.
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LOS ANGELES, May 1- Casino operator Las Vegas Sands Corp, owned by billionaire Sheldon Adelson, on Wednesday posted better-than- expected first-quarter earnings, helped by good results in Macau, and its shares rose.
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HONG KONG, April 30- DreamWorks Animation SKG Inc, the movie studio famous for family films like "Madagascar" and "Shark Tale", has entered into a licensing agreement in Macau, the world's biggest gambling destination, in a push to diversify revenues. California- based DreamWorks announced the deal on Tuesday with popular franchise characters on display.
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MACAU, April 30- With little fanfare, China is sending an official with a' tough cop' reputation to be its top man in Macau, the world's biggest gambling hub, as Beijing puts tackling corruption centre stage.
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Chinese President Xi Jinping's austerity drive hasn't put a dampener on business at Sands China, said Edward Tracy, president and CEO of Macau's largest operator of casinos and resorts.
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Edward Tracy, President & CEO of Sands China speaks exclusively to CNBC's Cash Flow about the challenges and opportunities facing the company.
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Macau casino operator Galaxy Entertainment Group more than doubled its net profit in 2012 to a record high, lifted by spending from mainland Chinese visitors to its flagship property in Macau.
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Macau gambling stocks such as Sands China and Galaxy Entertainment Group fell on Wednesday after a media report said Beijing may crack down on junket operators that bring in Chinese VIP high-rollers, arrange credit and collect debts.
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A $2.5 billion Macau casino planned by MGM China, the Chinese arm of U.S. gambling giant MGM Resorts International, received government approval on Wednesday, sending shares of MGM China to an 18-month high.
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Asian stocks rose nearly two percent to hit a five-month high as both houses of Congress passed a bill to end the "fiscal cliff" crisis that threatened a U.S. recession and roiled world financial markets.
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Asian shares rose on Wednesday buoyed by strength in global equities markets on hopes of a deal from the U.S. budget talks and expectations for more stimulus from the Federal Reserve when it ends its two-day policy meeting later in the day.