Edward Tracy, President and CEO of Sands China explains how the firm's portfolio of hotel rooms ensures a steady flow of upper-class Chinese visitors and profits.» Read More
HONG KONG, Nov 1- Gambling revenue in the southern Chinese territory of Macau surged 31.7 percent to a record high in October year-on-year, after a week-long national holiday boosted visitation from big-spending mainland gamblers keen to punt in the country's only legal casino hub.
HONG KONG, Oct 22- Hong Kong shares slipped on Tuesday from their highest levels in a month, led down by China Mobile after its disappointing third quarterly results kicked off a reporting season for blue chip companies. The Hang Seng Index, which closed on Monday at its highest since Sept. 19, fell 0.5 percent to 23,316 points.
*Tencent hits record high after Google's strong gains. HONG KONG, Oct 21- China shares outshone others in Asia early on Monday, lifting Hong Kong to its highest in a month, after Chinese Premier Li Keqiang said there should be "no slackening" in carrying out policies that ensure growth targets are met.
HONG KONG, Oct 18- Hong Kong shares eked out gains on the week, thanks to a solid advance on Friday buoyed by China data and strength in the Macau casino sector after Sands China posted robust quarterly results.
*AIA, Sands China at record highs on robust quarterly earnings. HONG KONG, Oct 18- China and Hong Kong shares moved higher early on Friday after a slew of official Chinese data came in broadly within expectations.
*HSI -0.5 pct, H-shares -0.2 pct, China shut for holiday. *China telcos sink on pricing policy uncertainty. HONG KONG, Oct 4- Hong Kong shares slipped early Friday as investors took profit on the outperforming Macau casino sector and uncertainty about Chinese policy on pricing hit telecom counters.
HONG KONG, Oct 3- Hong Kong shares had their biggest gain in two weeks on Thursday, lifted by the Macau casino and Chinese consumer sectors on hopes that stronger Chinese visitor numbers in the Golden Week holiday will enhance revenue.
*Sands China, Galaxy Entertainment at record highs. HONG KONG, Oct 3- Hong Kong shares rebounded further from three-week lows early on Thursday, lifted by the Macau casino and Chinese consumer sectors on hopes that the ongoing Golden Week holiday in the mainland will generate healthy revenue.
*Gold miners tumble as gold prices hit 2- month low. HONG KONG, Oct 2- Hong Kong shares rebounded off a three-week low on Wednesday, led by Hutchison Whampoa after local media reported the ports-to-telecoms conglomerate may spin off its Watsons health and beauty retail unit through an initial public offering.
Cyclicals lift Hong Kong on relief from Summers' Fed withdrawal. HONG KONG, Sept 16- Hong Kong shares soared to their highest in 17 weeks early Monday, buoyed by Lawrence Summers' withdrawal as a candidate to head the Federal Reserve and by Macau election results that made its gambling sector a standout performer.
SYDNEY/ HONG KONG, Sept 16- Asia's new mega-casinos are driving sales and innovation in advanced surveillance technology, from chips with built-in radio transmitters to high-definition, multi-lens, digital cameras that can scan huge gaming floors and catch the deftest sleight of hand.
Jonathan Galaviz, Managing Director at Galaviz & Co, says Japan is the perfect market for Asia's expanding gaming industry and government should prioritize passing needed legislation as part of its economic development agenda.
Edward Tracy, President and CEO of Sands China, discusses the company's move to bring the 'DreamWorks Experience', and more Chinese families to Macau
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.
Edward Tracy, President & CEO of Sands China speaks exclusively to CNBC's Cash Flow about the challenges and opportunities facing the company.
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.
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.
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.
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.
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.