Macau Casino Shares Rise on Sign Industry Approaching ... Macau’s casino industry is being hit by a slump in VIP gaming as President Xi Jinping’s campaign on graft snared thousands of officials and is expanding to include executives at state-owned ... Macau Sept gambling revenues fall by most in 5 yrs on ... Gambling revenue in the world's biggest gaming hub Macau recorded their steepest drop in more than five years in September as China's campaign against corruption and a slowing economy kept big ... China's Corruption Crackdown Pummels Macau Casinos ... China's Corruption Crackdown Pummels Macau Casinos : Parallels The Chinese island is renowned as a gambling capital and a place to launder cash. An anti-graft campaign has driven away high rollers ...
Hit by China’s anti-graft campaign, Macau sees rise in ...
Macau's casino industry is headed for its longest losing streak, facing months more of falling revenues as continued crackdowns against graft by the Chinese government prompt gamblers to tone down on extravagance. A two-year campaign on corruption has discouraged China's high-rollers from... Macau Hits Two-Year High in February as VIPs and Mass… Macau’s gross gambling revenue soared to a two-year high in February, rising 18 percent on theThe Parisian Macau is one of a new raft of resorts in the gambling hub that are focused on familyIt was an anti-graft campaign that sought to discourage public displays of wealth by Communist Party... The Truth Behind Macau’s Luxury Market | Global Currents… With gambling revenues that dwarf those of Las Vegas and non-stop retail expansion, why are there so many mixed messages about China’s gambling mecca? Macau VIP Gambling to Slow in Second Half of 2018, Analysts…
Macau casinos cash in again as China’s luxury sector
Revenues at those two companies were hit by a halt in marketing to Chinese VIPs after mainland authorities detained 13 people working for them in 2015.China's anti-graft campaign began to weigh on the gambling industry in 2014, especially in Macau, where mainland players accounted for... Asia: Anti-graft drive puts Macau in the shade |… China’s anti-graft campaign has won many plaudits in the investment community since it startedChina’s gaming capital, Macau, is a clear example of the collateral damage that can result whenMichael Ting, gaming sector analyst at CIMB, adds: “SJM Holdings was probably hit the most... Gambling in China - Wikipedia Gambling in China is officially illegal under Chinese law. In practice, however, Chinese people can participate in state-run lotteries and engage in legal gambling in the special administrative regions of Hong Kong and Macau... Beijing hotels shun five-star label as anti-graft … The capital removed all five-star hotels from its government procurement list earlier this year, forcing some operators to turn to the mass market. Setting a new trend, Beijing Jin Jiang Fu Yuan Hotel gave up its five-star qualification altogether during an annual reassessment by the China Tourist Hotel...
Nomura revises Macau 2017 GGR upward - CalvinAyre.com
Macau casinos set to regain revenue | China Economic Review 22 May 2017 ... Macau is the world's largest gambling centre but revenues have declined ... 2014 , when China's corruption crackdown first began to hit the enclave, ... amid reduced fears about the anti-graft campaign and the opening of a ... Macau gambling revenues hit by China graft campaign ...
Anti-corruption campaign Phase II likely to hit Macau ...
Macau casinos go smoke-free – will it hurt revenues? ...gaming operators' revenue, which is already declining as Beijing's two-year-old anti- graft campaign keepsChinese gamblers at a casino located inside the Venetian hotel in Macau, China."Most mainland Chinese players will not stop visiting Macau just because they are not allowed to smoke atAsia's most prominent gambling enclave was also hit by labor unrest last week as nearly 300 casino... Xi visit to Macau deals cold deck to high-rolling VIP … Xi’s pervasive anti-graft campaign contributed to a disastrous year for major casino companies, which haveGambling revenue hit $45 billion last year, seven times Las Vegas’s take. But it also became aChina extended a crackdown on illicit money transfers into Macau, giving its Economic Crimes...
Macau casinos cash in again as China’s luxury sector rebounds ... of China where casinos are legal, Macau was hit hard by President Xi Jinping ... toughest days of Mr Xi’s anti-graft campaign ...