David Bonnet of Delta State Holdings says he is very bullish on the gaming sector in Macau in part because of increased connectivity and integration between cities in the Greater Bay Area.
Australia's biggest casino company Crown Resorts reported on Wednesday a sharp decline in spending by wealthy Chinese tourists at its properties, pushing its shares down in their biggest one-day fall in more than two years.
SHANGHAI, Feb 19- Shanghai stocks ended flat after briefly touching a near five-month high on Tuesday, as investors booked profits following a surge in the previous session. **Reports of progress in trade talks between the United States and China have prompted investors to be mildly optimistic that the two countries can reach a compromise by March 1 that will...
SHANGHAI, Feb 19- China and Hong Kong stocks rose further on Tuesday morning, aided by hopes that Sino-U.S. trade talks were making progress. **Reports of progress in trade talks between the United States and China have prompted investors to be mildly optimistic that the two countries can reach a compromise by March 1 that will de-escalate their dispute or at least...
HONG KONG, Feb 12- As the Chinese territory of Macau marks 20 years since its handover from Portuguese rule, slower mainland economic growth, a weaker yuan and a simmering trade war threaten to derail growth in the world's biggest casino hub. Macau, on China's southern coast, is the only place in the country where casino gambling is legal. "We continue to experience...
SHANGHAI, Feb 10- Border crossings into and out of China during the Lunar New Year holiday rose 11 percent to 12.53 million this year from the same 2018 period, the official Xinhua news agency reported on Sunday as the week-long holiday drew to a close. Top overseas destinations for Chinese residents this Lunar New Year were Thailand, Japan, Vietnam, South Korea,...
David Bonnet of Delta State Holdings says the gaming industry in Asia generates "outsized returns" and is a sector where huge investment can be justified.
Lawrence Ho, CEO and chairman of Melco Resorts & Entertainment, says 2019 is likely to be "more difficult" for the gaming sector compared to 2018 because of the global economy and the continuing U.S.-China trade war.
Many Chinese business and political leaders came to Davos with a consistent message of optimism that Asia's largest economy will continue to drive global growth.
Lawrence Ho, CEO and chairman of Melco Resorts & Entertainment, says one of its properties, Studio City in Macau, is in a "very sweet spot" to benefit from China’s Greater Bay Area initiative.
*But mainland China seen holding up as tourist spending wanes. GENEVA, Jan 14- Swiss watchmakers are starting to see signs of slowing spending from Chinese tourists, but are still banking on demand shifting to mainland China to fuel growth this year, several high-end brands said on Monday. Some brands like Parmigiani, owned by the Sandoz Family Foundation and...
Billions of dollars flow into the U.S. from China every year. CNBC’s Uptin Saiidi explores some of China’s biggest assets in New York and explains how the trend is shifting.
BEIJING, Jan 3- China's aviation regulator published on Thursday plans for airline relocation to Beijing's new mega-airport set to open this year and said it would let foreign carriers decide which of the capital's airports they will use. Chinese carriers, except China Postal Airlines, will have to use only one airport, according to the Civil Aviation...
Vitaly Umansky of Sanford C. Bernstein says the Chinese macroeconomic environment and a smoking ban in VIP rooms are drivers of a "potential slowdown" in gaming growth in Macau.
Growing trade risks have soured sentiment among senior finance officers at companies operating in China, according to a Deloitte survey.
The gaming sector's mass market is performing best, while the VIP segment is seeing "choppiness," says Grant Govertsen of Union Gaming Group. That's why Las Vegas Sands, a "mass-market juggernaut," is a safe way to play the market, he says.
CNBC's Sara Eisen talks with famed shortseller Jim Chanos at the Yale CEO Summit about how he views recent market volatility, China trade, and casino stocks.
Casino stocks start the week on a roll. One analyst wagers this is the beginning of a bigger move for two of those gambling stocks.
Regulators are scrambling to catch up with financial innovations in the digital economy and need the help of the fintech and banking sectors to fight high-tech fraudsters, a Hong Kong-based NGO says.
Allan Zeman of Lan Kwai Fong and Wynn Macau says the Greater Bay Area will be a "powerhouse," and cities in the region should complement each other.