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.» Read More
SINGAPORE/ MANILA, March 2- More than three years after opening ultra-luxe nightclub Pangaea in Singapore's glitzy Marina Bay Sands, owner Michael Van Cleef Ault is now betting that Manila's casinos will be able to draw rich punters and partygoers through his doors. The increase in the number of wealthy Chinese gamblers fleeing Macau amid Beijing's...
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.
HONG KONG, Jan 16- One of Macau's largest junkets plans to shut its local VIP rooms in the next few months, Nomura researchers said, as casino revenues in the world's biggest gaming hub take a hit from China's campaign against graft and conspicuous spending. David Group's market share of Macau's VIP market is 3-5 percent, Nomura said in a research note, citing data...
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.
SHANGHAI, Jan 5- China stocks rose to their highest in five years on Monday led by a jump in the property sector as investors welcomed mortgage-policy changes in Beijing and Guangzhou designed to help the troubled sector. Other local governments, including Guangzhou, have taken steps to help home buyers. "Investors are still bargain-hunting for blue-chips and...
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.
Some of Wednesday's midday movers:
Some of Tuesday's midday movers:
Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.
TOKYO, Oct 20- Japan's plan to legalize casino gambling has likely been delayed again, a senior official said on Monday, dealing a further political blow to Prime Minister Shinzo Abe. Casino operators including Las Vegas Sands, Genting Singapore, MGM Resorts and Melco Crown Entertainment are waiting in the wings as potential investors in what analysts say is one...
Some of Thursday's midday movers:
Macau casino stocks have lost almost a third of their value this year, sparking speculation over whether a bottom is near.
Some of Monday's midday movers.
*Tokyo government downgrades casino project. TOKYO, Sept 29- Plans to open Japan's first casino in Tokyo before the 2020 Olympics are becoming increasingly unlikely, with developers facing skyrocketing building costs and a city government that no longer considers casino development an economic priority.
Some of Monday's midday movers:
HONG KONG, Sept 19- Hong Kong shares had solid rises on Friday, after Alibaba Group's red-hot initial public offering underpinned U.S. bourses, but they were still down for for the week. HSBC Holdings, top boost on the Hang Seng, added 1.7 percent to a seven-month high and Standard Chartered rose 0.9 percent.
Some of Tuesday's midday movers: