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Macau casino stocks fall on concerns over increasing regulatory risk

Macau casino stock prices declined after Fitch downgraded the ratings of Las Vegas Sands Corp, SJM Holdings and MGM Resorts International due to a possible increase in the oversight of gaming concessionaires.

12/10/21

IEC chairman reduces stake to 18.75%

Choi Chiu Fai Stanley, International Entertainment Corp’s (IEC) chairman has sold 8.66 per cent of the company’s share capital for about HK$40m (US$5.2m).

12/07/21

IEC chairman to sell more company shares

Choi Chiu Fai Stanley, International Entertainment Corp’s (IEC) chairman, intends to dispose of an aggregate of 273.8m shares, which represents about 20 per cent of the company’s stock.

12/06/21

Wynn Macau grants share options to five non-executive directors

Wynn Macau Ltd has announced that five non-executive directors have been granted new share options.

12/01/21

RGB International reports US$1.3m loss but increased revenue for Q3

RGB International has shared its financial results for the third quarter of the year, reporting a net loss of MYR5.6m (US$1.3m).

11/29/21

Kingston Financial revenue up 238% between April and September

Kingston Financial has published its financial results for the six months ending September 30, reporting a 238 per cent growth in gaming revenue.

11/19/21

S&P: Macau GGR could return to pre-pandemic levels by 2023

The credit assessment agency Standard & Poors has predicted Macau’s GGR will return to 2019 levels no earlier than 2023.

11/18/21

Macau gaming tax revenue up 29.9% in October

Macau’s tax revenue from the gaming industry was up 29.9 per cent month-on-month in October, from MOP1.77bn (US$220.5m) to MOP2.30bn (US$287.2m).

11/16/21

Resorts World Manila GGR up 53% in Q3

Resorts World Manila has shared its financial results for the third quarter of the year 2021, reporting an increase in revenue of 53 per cent year-on-year.

11/12/21

Universal Entertainment posts net loss of JPY17.4bn for Q3

Universal Entertainment Corp. has reported a net loss of JPY17.4bn (US$152.2m) for the third quarter of the year.

11/12/21

Macau casino operators property EBITDA down 97% for Q3

Deutsche Bank has revealed property EBITDA was down 97 per cent when compared to pre-pandemic levels.

11/11/21

Genting will remain affected by China’s zero-Covid policy

Analysts at Nomura Research predict China’s zero-Covid policy may continue to affect Genting Singapore’s revenue in 2022.

11/11/21

APE implements diversification strategy

Asia Pioneer Entertainment Holdings (APE) has diversified into smart vending machine operations in Macau due to the impact of the Covid-19 pandemic.

11/11/21

Galaxy Entertainment revenue down 23% for Q3

Galaxy Entertainment has shared its financial results for the third quarter of the year, reporting a decrease in net revenues to HK$4.3bn (US$551.9m).

11/10/21

Philippines GGR up 52% for Q3

The Philippines’s GGR was up 52 per cent when compared to the previous year, from PHP17.6bn to PHP26.94bn (US$538m).

Finance

Check the latest Finance news

Macau casino stocks fall on concerns over increasing regulatory risk

IEC chairman reduces stake to 18.75%

IEC chairman to sell more company shares

Wynn Macau grants share options to five non-executive directors

RGB International reports US$1.3m loss but increased revenue for Q3

Kingston Financial revenue up 238% between April and September

S&P: Macau GGR could return to pre-pandemic levels by 2023

Macau gaming tax revenue up 29.9% in October

Resorts World Manila GGR up 53% in Q3

Universal Entertainment posts net loss of JPY17.4bn for Q3

Macau casino operators property EBITDA down 97% for Q3

Genting will remain affected by China’s zero-Covid policy

APE implements diversification strategy

Galaxy Entertainment revenue down 23% for Q3

Philippines GGR up 52% for Q3

Business

Macau gaming sector salaries rise 4.6% in June

East Asia

Shin Hwa World narrows 1H loss 72% as revenue rises 17.8%

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Macau hotel occupancy reaches 91.6% in July

Casino

Kangwon Land adds new Southeast Asian travel agency partnerships