Revenue rise fails to halt casino groups’ share slides
By IAN EVANS
Macau’s first increase in gaming revenues for three months, reported yesterday, failed to lift the gloom and shares in Las Vegas-based casino operators with resorts there fell after the news. The better than expected 3% rise followed a 3% fall in October and a 1% drop in September.
The “winner” in terms of smallest [...]
Macau leads Asia to bright new future of gaming, delegates told
Asia’s gambling future is on the ascendancy led by the example of Macau, a conference in the region has has been told.
Helping that growth is a change of image from casinos mired in crime and sleaze to the provision of wholesome entertainment, retail shopping, and hotel and convention facilities as part of the gaming experience, [...]
Las Vegas Sands sets its sights on Indian casinos
Las Vegas Sands, a US company with the biggest casino portfolio in Macau, may spend $12bn (£6bn) on a strip of casinos in India, chairman Sheldon Adelson announced today. But Mr Adelson, speaking to reporters gathered for the opening of the new Four Seasons hotel on the Special Administrative region’s Cotai Strip, said any development [...]