Shun Tak Holdings Ltd, the Hong Kong conglomerate whose interests include VIP gaming in Macau, has expanded its Asian property portfolio by acquiring a 70 percent stake in a premium commercial development in Singapore. In an announcement, the company said that the complex – located at 111...
Category - Gaming
Macau January revenue slows ahead of CNY
Macau’s average daily rate (ADR) fell 14 percent last week from the first two weeks of the month, but total gross gaming revenue for the month of January is still on track to rise in the vicinity of 10 percent from 2016 levels. ADR is current tracking at MOP$668 million from 1 to 22 January...
Adelson, Wynn among Trump inauguration guests
Casino moguls Sheldon Adelson and Steve Wynn were among Donald Trump’s high profile campaign donors and supporters on hand to witness his inauguration as the USA’s 45th President last Friday. Around a dozen of the 183 seats located on the inauguration platform were allocated to donors, with Las...
Cambodian border casinos to suffer Vietnam hit
Cambodia’s many border casinos could find themselves the unlucky losers after Vietnam published its new decree on Friday – officially lifted its ban on locals gambling. The decree, which comes into effect on 15 March, will mark the beginning of a three-year trial allowing locals to enter...
Macau college teams show off eSports skills
The rapidly growing popularity of eSports in Macau was on show late last week with the G4 eSports Stadium near Red Market hosting the Macau-wide College Championship 2017. Organized by the computer society of the University of Macau in conjunction with Grow uP eSports, a strong contingent of eight...