Lawrence Ho is launching a $3.2B Macau entertainment complex at the time when gaming revenues at the casino mecca are weakening.» Read More
The theft of millions of dollars from investors in a Macau junket operator has hastened the demise of the gaming hub's main business model.
Brandishing banners and loudspeakers, dozens of investors have protested outside Wynn Macau Ltd's casino for two months, demanding the return of money stolen by an employee of junket operator Dore Entertainment Co Ltd and accusing Dore's head of dodging responsibility. Macau's shift towards the mass market plays into Beijing's overall strategy to make...
MACAU, Oct 27- Batman and Wonder Woman are just some of the superheroes casino operator Melco Crown Entertainment Ltd is deploying at its new $3.2 billion casino in Macau, which opened on Tuesday in the midst of a sharp downturn for the Asian gambling playground. Mariah Carey headlined a star-studded opening ceremony for the Hollywood- themed Studio City resort,...
MACAU, Oct 27- Batman and Wonder Woman are just some of the superheroes casino operator Melco Crown Entertainment Ltd is deploying at its new $3.2 billion casino in Macau, which opens on Tuesday in the midst of a sharp downturn for the Asian gambling playground. Mariah Carey will headline a star-studded opening ceremony for the Hollywood- themed Studio City...
Asian equities declined on Tuesday, as China's inflation data and the prospect of higher U.S. interest rates weighed on sentiment.
As revenue plummets in China's only legal gambling hub, global casino operators have a new mantra: what happens in Vegas, must also happen in Macau.
The downturn in Macau has been far sharper than anticipated, says billionaire gaming mogul James Packer, but he insists the party is not over yet.
Chinese shares plummeted on Tuesday, while their counterparts in Sydney witnessed volatile trade following the Reserve Bank of Australia's rate cut.
Asian stocks mostly advanced on Thursday despite data showing China's factory activity at a one-year low.
Indian shares led gains in Asia Wednesday after a surprise rate cut by the Reserve Bank of India, while the rest of the region traded mixed.
Michael Van Cleef Ault, owner of Pangaea nightclub in Sinapore is now betting that Manila's casinos will be able to draw the rich through his doors.
Asian equities turned mixed amid choppy trade on Wednesday after China's manufacturing sector surprised markets with growth for the first time in three months.
Asian markets opened mixed on Friday as a stronger yen curbed risk appetite in Tokyo, while a strong close on Wall Street boosted sentiment elsewhere.
The "Halftime Report" traders give their final trades of the show.
Xi Jinping warned Macau that it needs to be about more than baccarat. Now, the reform drive has new champions - the casino operators.
With the prospect of a recovery increasing, some analysts say now's the time to scoop up battered Macau casino plays.
Macau casino operator Melco Crown's planned exit from the Hong Kong stock market sparked fears about the health of casinos operating in the world's largest gambling hub, but experts dismissed worries of a domino effect.
Asian stocks were mixed amid choppy trade on the first trading day of the week, as a raft of sluggish manufacturing surveys released across Europe and Asia over the past week curbed risk appetites.
On the first trading session of 2015, Asian equities were quiet on the back of a lack of foreign cues and economic data releases.
Asian equities mostly rose on Thursday, with the exception of Seoul, as investors took heart from a turn in oil prices and after the Federal Reserve said it was confident in the U.S. economy.