January 26, 2008
SJM, which operates 18 of Macau’s 28 casinos, has been trying to list it’s IPO with aims to raise US$1 billion by selling a 25 percent stake. SJM, which once had a monopoly on Macau gambling, accounted for 42 percent of the territory’s gaming revenue at the end of last year. This percentage is expected to drop to around 20 percent next year, apparently during the first two weeks of 2008 SJM’s share has reportedly dropped to 31 percent. On top of this profit for 2007 is expected to have fallen about 50 percent to US$156 million, down from US$312.5 million a year earlier, this surely must hurt them!
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Posted in Macau Business, Macau Casino, STDM | SJM, Stanley Ho 
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January 24, 2008
Asia’s casinos, including Macau, need strong internal controls and surveillance to guard against organised efforts to cheat them, a member of the Nevada Gaming Control Board said on Wednesday.
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Posted in Asia Casinos, Las Vegas Sands, MGM Grand Macau, MGM Mirage, Macau Casino, Singapore Casino, Wynn Macau No Comments »
January 18, 2008
It appears that investors have for the last 3 months have been seriously dumping Macau Casino related stocks, you just have to look at the numbers below to give you some indication. The question remain will they ever recover again to previous highs? It may be a blessing in disguise that Stanley Ho’s IPO has been blocked after all!
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Posted in James Packer, Las Vegas Sands, MGM Mirage, Melco Crown, Sheldon Adelson, Stanley Ho, Wynn Resorts No Comments »
January 10, 2008
January 6, 2008
According to the report, the single mother told police she had left the boy alone on December 7 because “he was disobedient” and she “wanted him to learn how to cook, clean and look after himself.”
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Posted in Macau Casino, Macau Gaming, Macau General, Social and Politics No Comments »
January 6, 2008
The Macau Daily Times reported that Japan could soon follow in Macau’s footsteps by overhauling its strict gaming laws and aiming to lure rich Asian tourists to boost its economy if Japanese lawmakers approve a bill to legalise casinos in the country. Japan’s ruling party and the government are expected to begin talks this month on a proposal to legalise casinos, an adviser to the party said yesterday.
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Posted in Asia Casinos, Macau Business, Macau Casino, Macau Gaming No Comments »
January 4, 2008
This is an interesting interview listening to a local about the Macau casino business from a Chinese perspective, after all this is their home turf!
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Posted in Galaxy Entertainment, Galaxy Mega Resort, Galaxy Star World No Comments »
January 1, 2008
A decision to change where some of Macau’s top junket operators bring their big-spending customers could be troublesome for Las Vegas Sands Corp. and Wynn Resorts Ltd.
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Posted in Cotai Strip, Crown Macau, Macau Casino, Venetian Macao, Wynn Macau No Comments »
