Tuesday, March 21, 2023

Tag: Union Gaming

Chicago looks to attract Las Vegas operators

Chicago looks to attract Las Vegas operators
Chicago’s mayor Lori Lightfoot is optimistic that a number of the participants in its request for proposal process for a casino resort in city “will have Las Vegas addresses”.

It’s a Goa: Delta Corp IR receives approval

Delta Corp IR India approval
Delta Corp has received the green light for an integrated resort project in Pernem in North Goa, which the operator affirms will be “one of its kind” in India.

Suncity Group investment looks set to give Tigre de Cristal a boost

Suncity Group investment Russain far east
Both analysts and Summit Ascent Holdings executives anticipate that the increased participation of Macau junket brand Suncity Group will help further expand..

Macau’s luxury hotel ‘The 13’ suffers costly delays

ICR - The 13 delays
13 Holding’s plans for an ambitious high-rise hotel and casino in Macau are facing a series of financing and construction difficulties, making its aim to open this year less likely.   Seven years in the making, the lavish $1.3bn resort – The 13 – includes just 200 “all-villa” rooms; the most expensive of which to be charged at $130,000 per night. Stephen...

Macau: From fizzling to sizzling to sustainable recovery

Novomatic, Macau Entertainment Show, MGS, Casino Review, MGEMA, Jay Chun,
Macau’s monthly figures keep outrunning expectations. But as mainland China moves to address soaring corporate debt, inevitably tightening the money supply, the VIP glory days’ light is all but burnt out. Attention turns now to the city’s saving grace.   As Macau reacquaints itself with the spotlight, another truth lurks in shadows that all the city’s stakeholders will be at pains...

Macau draws full house in third quarter of 2016

Casino Review Macau
Mass market gamblers helped Macau achieve 8.8 percent gaming growth in October, smashing expectations and pushing some to predict double figure gains in November.   An influx of holidaymakers drove gaming revenue growth beyond expectations for the third consecutive month in Macau - the most compelling endorsement to date of the city’s transition to a mass market destination. Figures released by Macau’s...

Macau stocks higher after April revenue tops estimates

Studio City Macau
A number of casino stocks rose at the beginning of May, as Macau’s Gaming Inspection and Coordination Bureau posted better-than-expected revenue declines.   Gross gaming revenues for Macau dropped 9.5 per cent to MOP17.3bn (E1.9bn) in April, marking the 23rd consecutive monthly decline for the world’s largest gambling hub. Yet while the latest figures from Macau’s Gaming Inspection and Coordination Bureau...