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Let's cover the numbers, and we'll get to the stock drop in a minute...As impressive as these numbers are, there may be even more room for growth. Table game win per unit per day was $12,975 in the quarter, below the $14,334 The Venetian Macau
Las Vegas Sands Corp. nearly doubled in profits in the first quarter, due in large part to stronger results from the company's hotel-casinos in Macau and the Marina Bay Sands in Singapore. The company said Wednesday its net income in the three months
Just a few years ago, the American economy was in dire financial straits. Money was tight and people cut way back on discretionary spending. The casino companies in Las Vegas took quite a hit as a result of this slowdown. But today, the world is a
Wynn Resorts Ltd. shares rose almost 5 percent Wednesday after a report that the owners of the Wynn and Encore casinos in Macau may sign a land contract for a proposed resort in Cotai by the end of the month. Macaubusiness.com cited the Journal
The preliminary estimate of the Macao SAR's foreign exchange reserves amounted to 128.8 billion patacas ($16.10 billion) at the end of March 2012, according to the figures released on Monday by the Monetary Authority of Macao. The reserves for March
The Las Vegas skyline, normally ablaze with light, goes dark each year in honor of Earth Hour. The same eerie sight will happen again tonight, from 8:30 p.m. to 9:30 p.m. The Strip's casinos will power down their exterior lighting and marquees to
Macau casino operator Galaxy sees profits triple Visitors enter the new the Galaxy Macau casino resort Galaxy Entertainment says its profits tripled in 2011 after the Macau casino operator opened a $2bn resort in the Chinese gambling enclave. The
Meanwhile, 7,930 cases of residential mortgage contracts were signed, down 6.7 percent year-on-year.
Story continues below Lawrence Ho, speaking to investors on a conference call, said he had not seen any significant slowdown in Macau and remained optimistic for further growth this year. "When it comes to the discretionary spending and consumer
The strongest growth was in Macau , Singapore and Cambodia , as emerging markets proved more resilient to the global economic crisis than developed countries, he said. "It's closely linked to the wider economic situation," Pilling said by phone today.