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.
SINGAPORE, Sept 24- Casino operators and regulators around Asia are watching Singapore's two multi-billion-dollar gaming resorts as they focus on tourists and trade shows to boost revenue in response to restrictions on gambling and a sluggish broader market.
HONG KONG, July 9- Hong Kong shares could start flat on Tuesday, as investors brace for data expected to show producer prices dipping in China for a 16th month in June and inflation quickening but staying well below the official 3.5 percent target.
Casino magnate Sheldon Adelson is back in court on a breach of contract suit involving his casino empire, reports CNBC's Jane Wells.
Japan's Nikkei extended losses on Friday on news that a conservative may be the leading candidate to head the Bank of Japan while Australian and South Korean shares ended a range-bound session relatively flat, weighed down by weak euro zone growth.
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.
Asian shares wiped earlier gains on Friday as a tepid Chinese manufacturing report dented sentiment, leaving investors on tenterhooks ahead of U.S. nonfarm payroll data due later in the day.
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.
LAS VEGAS-- Wynn Resorts Ltd.' s profit fell nearly 12 percent in the third quarter, as a debt-related loss boosted expenses for the casino operator. The latest quarterly report card showed Wynn's casino resorts in Las Vegas benefited from a stronger gambling business, as its table games and slot machines generating more revenue.
Weekly applications for unemployment aid fell to their lowest since February 2008, the U.S. government said Thursday. "I think you need to wait for a few months to see more figures to confirm the jobs recovery in the U.S.," said Francis Lun, managing director of Lyncean Holdings in Hong Kong. Britain's FTSE 10 dropped 0.2 percent to 5,815.68.
Weekly applications for unemployment aid fell to their lowest since February 2008, the U.S. government said Thursday. "I think you need to wait for a few months to see more figures to confirm the jobs recovery in the U.S.," said Francis Lun, managing director of Lyncean Holdings in Hong Kong.
HONG KONG, Oct 4- Gambling revenue in Macau rose a weaker-than-expected 12.3 percent in September, indicating China's slowing economy is increasingly hurting the appetite of wealthy mainland gamblers to place bets in the world's largest casino market.
HONG KONG, Oct 4- Gambling revenue in Macau, the world's largest casino market, rose 12.3 percent in September year-on-year, government data showed on Thursday. Analysts had forecast September growth in the tiny enclave on China's southern coast, to be up 15-17 percent ahead of a national holiday week starting in October.
Dennis Forst, Gaming Industry Analyst says the gaming sector is showing some 'sizzle' not seen in a while due to operators expanding overseas. He warns that as the industry gets bigger, it'll be susceptible to the same risks as any other cyclical sector.
LAS VEGAS, Oct 2- A Nevada judge on Tuesday ruled against Japanese billionaire Kazuo Okada's effort to reverse a forced redemption of his 20 percent stake in Wynn Resorts Ltd, rendering him unable to vote at the casino company's Nov 2 annual meeting.