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Galaxy Entertainment 2022 Rev HK$11.47B Vs. HK$19.70B >0027.HK
By Yifan Wang
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Asian travel stocks fall on omicron fears Airline and travel-related shares had be... Read the rest on our site with the url below https://worldwidetweets.com/asian-travel-stocks-fall-on-omicron-fears/?feed_id=126578&_unique_id=61a4e71bd6160 #0027.HK #003490.SE #028260.SE #0293.HK #1055.HK #1128.HK #1910.HK #1928.HK #600029.SH #AirTransport #Airlines #Airports #article_normal #arts #bars #C6L.SG #CasinoHotels #CathayPacificAirways #CathayPacificAirwaysLtd. #ChinaSouthernAirlinesCo.Ltd. #CNE000001FG0 #CNE1000002T6 #construction #ConsumerGoods #CPCAY #EconomicNews #epidemics #GalaxyEntertainmentGroup #GalaxyEntertainmentGroupLtd. #GamblingIndustries #generalnews #Health #HK0027032686 #HK0293001514 #HK1055 #HK1128 #HK1910 #HK1928 #HK27 #HK293 #hospitality #hotels #HotelsMotels #InfectiousDiseases #K3TD.SG #KoreanAirLines #KoreanAirLinesCo.Ltd. #KR7003490000 #KR7028260008 #KR003490 #KR028260 #KYG7800X1079 #KYG981491007 #leisure #LeisureArtsHospitality #LeisureTravelGoods #Lodgings #LodgingsRestaurantsBars #logistics #LU0633102719 #Luggage #MedicalConditions #motels #NovelCoronaviruses #outbreaks #OutbreaksEpidemics #PassengerAirlines #political #PoliticalGeneralNews #realestate #RealEstateConstruction #RespiratoryTractDiseases #Restaurants #S58.SG #SamsoniteInternational #SamsoniteInternationalS.A. #SamsungCampT #SamsungCampTCorp. #SandsChina #SATS #SATSLtd. #SCHYY #SG1I52882764 #SG1V61937297 #SGC6L #SGS58 #singaporeairlines #SingaporeAirlinesLtd. #SINGY #tourism #Transportation #TransportationLogistics #travelgoods #US1489063081 #US1694091091 #US80007R1059 #US82930C1062 #US98313R1068 #WYNMY #WynnMacau #WynnMacauLtd. #ZNH
#Business#0027.HK#003490.SE#028260.SE#0293.HK#1055.HK#1128.HK#1910.HK#1928.HK#600029.SH#AirTransport#Airlines#Airports#article_normal#arts#bars#C6L.SG#CasinoHotels#CathayPacificAirways#CathayPacificAirwaysLtd.#ChinaSouthernAirlinesCo.Ltd.#CNE000001FG0#CNE1000002T6#construction#ConsumerGoods#CPCAY#EconomicNews#epidemics#GalaxyEntertainmentGroup#GalaxyEntertainmentGroupLtd.
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Asian travel stocks fall on omicron fears Airline and travel-related shares had be... Read the rest on our site with the url below https://worldwidetweets.com/asian-travel-stocks-fall-on-omicron-fears/?feed_id=126575&_unique_id=61a4e71952174 #0027.HK #003490.SE #028260.SE #0293.HK #1055.HK #1128.HK #1910.HK #1928.HK #600029.SH #AirTransport #Airlines #Airports #article_normal #arts #bars #C6L.SG #CasinoHotels #CathayPacificAirways #CathayPacificAirwaysLtd. #ChinaSouthernAirlinesCo.Ltd. #CNE000001FG0 #CNE1000002T6 #construction #ConsumerGoods #CPCAY #EconomicNews #epidemics #GalaxyEntertainmentGroup #GalaxyEntertainmentGroupLtd. #GamblingIndustries #generalnews #Health #HK0027032686 #HK0293001514 #HK1055 #HK1128 #HK1910 #HK1928 #HK27 #HK293 #hospitality #hotels #HotelsMotels #InfectiousDiseases #K3TD.SG #KoreanAirLines #KoreanAirLinesCo.Ltd. #KR7003490000 #KR7028260008 #KR003490 #KR028260 #KYG7800X1079 #KYG981491007 #leisure #LeisureArtsHospitality #LeisureTravelGoods #Lodgings #LodgingsRestaurantsBars #logistics #LU0633102719 #Luggage #MedicalConditions #motels #NovelCoronaviruses #outbreaks #OutbreaksEpidemics #PassengerAirlines #political #PoliticalGeneralNews #realestate #RealEstateConstruction #RespiratoryTractDiseases #Restaurants #S58.SG #SamsoniteInternational #SamsoniteInternationalS.A. #SamsungCampT #SamsungCampTCorp. #SandsChina #SATS #SATSLtd. #SCHYY #SG1I52882764 #SG1V61937297 #SGC6L #SGS58 #singaporeairlines #SingaporeAirlinesLtd. #SINGY #tourism #Transportation #TransportationLogistics #travelgoods #US1489063081 #US1694091091 #US80007R1059 #US82930C1062 #US98313R1068 #WYNMY #WynnMacau #WynnMacauLtd. #ZNH
#Business#0027.HK#003490.SE#028260.SE#0293.HK#1055.HK#1128.HK#1910.HK#1928.HK#600029.SH#AirTransport#Airlines#Airports#article_normal#arts#bars#C6L.SG#CasinoHotels#CathayPacificAirways#CathayPacificAirwaysLtd.#ChinaSouthernAirlinesCo.Ltd.#CNE000001FG0#CNE1000002T6#construction#ConsumerGoods#CPCAY#EconomicNews#epidemics#GalaxyEntertainmentGroup#GalaxyEntertainmentGroupLtd.
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สมัคร SAGAME66 เกมคาสิโนในทวีปเอเชียที่ดีที่สุด
สมัคร SAGAME66 ประเทศฮ่องกง (รอยเตอร์ส) - ทวีปเอเชียอยู่ในท่ามกลางความเจริญก้าวหน้าของการเล่นเกมโดยผู้ให้บริการคาสิโนขนาดใหญ่เร่งรีบที่จะแปลงจากมาเก๊าซึ่งเป็นจุดหมายการเดิมพันที่ใหญ่ที่สุดในโลก ผู้ประกอบธุรกิจจำต้องพบเจอกับการเสี่ยงตัวอย่างเช่นกฎข้อปฏิบัติที่ไม่อำนวยการคั่นแซงทางด้านการเมืองแล้วก็ส่วนประกอบเบื้องต้นที่ล้าหลัง ต่อแต่นี้ไปเป็นความจริงสำคัญเกี่ยวกับการเล่นเกมคาสิโนในทวีปเอเชีย
มาเก๊าเป็นสถานที่เดียวที่คนจีน สมัคร SAGAME66 ได้รับอนุญาตให้เล่นการเดิมพันคาสิโนอย่างถูกตามกฎหมาย อาณานิคมประเทศโปรตุเกสในอดีตกาลมีผู้ให้บริการคาสิโนที่ได้รับเอกสารสิทธิ์หกราย ดังเช่น Wynn Macau (1128.HK), Sands China (1928.HK), MGM China (2282.HK), SJM Holdings (0880.HK), Galaxy Entertainment (0027.HK) และก็ Melco Crown Entertainment MPEL.O. สิทธิ์การใช้แรงงานนั้นได้รับจากรัฐบาลมาเก๊าแล้วก็จะหมดอายุในปี 2563 กระทั่งจะมีการยืดอายุ ผู้ประกอบกิจการ Junket พ่อค้าคนกลางที่นำกรุ๊ปวีไอพีระดับที่ค่อนข้างสูงเข้ามาแล้วก็จัดแจงเครดิตของพวกเขาคิดเป็นสัดส่วนโดยประมาณ 70 เปอร์เซ็นต์ของรายได้จากการเล่นเกมคาสิโนของมาเก๊า
ประเทศสิงคโปร์ ประเทศสิงคโปร์มีผู้ให้บริการคาสิโนสองแห่งที่มีเอกสารสิทธิ์ลาสเวกัสแซนด์ส (LVS.N) รวมทั้งเก็นติ้งประเทศสิงคโปร์ (GENS.SI) ทั้งสองเปิดประตูในปี 2010 รัฐบาลประเทศสิงคโปร์ยังมิได้อนุญาตผู้ประกอบกิจการขยะรายอะไรก็ตามกระแสการเงิน ผู้ให้บริการ Junket สามารถยื่นขอเอกสารสิทธิ์ได้ แม้กระนั้นมิได้รับการอนุญาตแอปพลิเคชันเพราะเหตุว่าขั้นตอนดังกล่าวมาแล้วข้างต้นครัดเคร่งกว่าในมาเก๊า
ประเทศฟิลิปปินส์ การเล่นเกมคาสิโนถูกตามกฎหมายในประเทศประเทศฟิลิปปินส์ แม้กระนั้นการอนุญาตให้จัดการคาสิโนนั้นทำโดย PAGCOR บริษัท เกมของเมือง PAGCOR มีรายได้โดยประมาณ 70 เปอร์เซ็นต์จากคาสิโน 13 ที่, คาสิโนดาวเทียม 28 ที่รวมทั้ง 25 วีไอพีสุดพิเศษ ประเทศฟิลิปปินส์มีระบุจะเปิดเขตเพลิดเพลินและก็คาสิโนใหม่ค่า 15 พันล้านดอลลาร์ในปี 2556 ซึ่ง PAGCOR ได้มอบเอกสารสิทธิ์เล่นเกมชั่วครั้งชั่วคราวสี่ใบให้กับ:
1. Travellers International Hotel Group เป็นการร่วมหุ้นระหว่างเก็นติ้งประเทศฮ่องกง (0678.HK) แล้วก็กลุ่มพันธมิตรระดับนานาชาติ (AGI.PS) 2. Belle Corp (BEL.PS) ผู้พัฒนาอสังหาริมทรัพย์เพื่อการพักอาศัยและก็การพักผ่อนหย่อนใจในประเทศฟิลิปปินส์ 3. Universal Entertainment Corp 6425.OS ผู้สร้างเกมพินบอล ink pachinko ’รวมทั้งผู้ให้บริการสถานเริงรมย์ในประเทศญี่ปุ่น 4. การลงทุนใน Bloomsbury PAGCOR เป็นอีกทั้งผู้ให้บริการเกมหลักของประเทศแล้วก็ผู้ควบคุมการเดิมพันซึ่งเป็นความไม่ตรงกันทางผลตอบแทนที่เกี่ยวกับนักลงทุน มีการเก็งกำไรที่ PAGCOR บางทีอาจดัดแปลงในช่วงเวลาที่อุตสาหะเพิ่มความโปร่งสบายใสแล้วก็ล่อใจนักลงทุน
เขมร ในประเทศเขมรมีคาสิโนที่ได้รับการยินยอมรับมากยิ่งกว่า 20 ที่ตั้งอยู่ใกล้กับชายแดนแล้วก็มีคาสิโน��ลฯที่ดำเนินงานโดยผิดกฎหมาย NagaCorp ที่ขึ้นทะเบียนในประเทศฮ่องกง (3918.HK) เป็นผู้ให้บริการฝรั่งเพียงแต่รายเดียวที่มีคาสิโนโรงแรมแบบครบวงจรขนาดใหญ่ในประเทศเขมร มันได้รับเอกสารสิทธิ์สัมปทาน 70 ปีสำหรับเพื่อการทำงานในพนมเปญในปี 1995
เวียดนาม การเดิมพันคาสิโนในเวียดนามถูกตามกฎหมายเฉพาะสำหรับชาวต่างประเทศรวมทั้งชาวเวียดนามที่มีหนังสือเดินทางต่างชาติ การพัฒนาริมฝั่งทวีปเอเชียของแคนาดา (ACDL) ได้รับการผลักดันและสนับสนุนจาก Harbinger Capital และก็ Pinnacle Entertainment PNK.N เป็น บริษัท ฝรั่งเพียงแค่ที่เดียวที่ได้รับใบอนุมัติให้สร้างศูนย์การเล่นเกมขนาดใหญ่ในเวียดนามใต้ ACDL มีระบุจะเปิดในทีแรกๆของรีสอร์ตโฮตรัมแทรมเมื่อต้นปี 2556 มีสมา��ันธ์คาสิโนปริมาณหนึ่งเปิดปฏิบัติการในประเทศผ่านรีสอร์ทระดับห้าดาวแล้วก็รัฐบาลท้องถิ่นบางพื้นที่ได้ผลิใบอนุญาตคาสิโน แม้กระนั้นรัฐบาลแห่งชาติยังมิได้รับประกันการเล่นเกม
มาเลเซีย เก็นติ้งไฮแลนด์ปฏิบัติการโดยเก็นติ้งมาเลเซีย Bhd (GENM.KL) เป็นคาสิโนเพียงแค่ที่เดียวในมาเลเซีย ตั้งอยู่ที่โรงแรมบนยอดดอยที่อยู่ห่างจากกัวลาลัมเปอร์ 1 ชั่วโมง
ลาว ลาวมีคาสิโนที่ได้รับการยินยอมรับราว 30 ที่ซึ่งให้บริการที่ชายแดนไทยแล้วก็เวียดนาม คาสิโนกลุ่มนี้ถูกควบคุมอย่างน้อยลง ไม่มีผู้ประกอบกิจการต่างประเทศรายใหญ่ในตอนนี้
ไต้หวัน ไต้หวันได้ร่างกฎหมายเพื่ออนุญาตให้มีการสร้างคาสิโนบนเกาะไกลห่าง แม้กระนั้นการก่อสร้างจะเริ่มได้ก็เมื่อผู้อาศัยในแคว้นได้อนุมัติผ่านการลงมติมหาชนและก็ข้างนิติบัญญัติล้างข้อบังคับคาสิโน สื่อเขตแดนกล่าวว่ามัตสึนอกริมตลิ่งตะวันตกเฉียงเหนือเริ่มคิดแผนอย่างเป็นทางการสำหรับคาสิโนรวมทั้งอยากได้ลงมติมหาชนในหัวข้อนี้ก่อนพ.ย.
ประเทศเกาหลีใต้ Kangwon Land ของประเทศเกาหลีใต้ (035250.KS) เป็นคาสิโนที่เดียวที่เปิดให้ราษฎรประเทศเกาหลีใต้ มันตั้งอยู่ในพื้นที่บ้านนอกไกลห่างจากแกนกลางเมืองใหญ่ แต่ว่ายังคงล้นหลามกับนักการพนันประเทศเกาหลีมีคาสิโนต่างประเทศเพียงแค่ 16 ที่ในประเทศประเทศเกาหลีใต้
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大阪酒店 $400有找! 3間超高CP值酒店推介
作為港人最愛的旅遊熱門地點之一,日本大阪相信是不少人年中常去的地方,去得日本當然是希望將彈藥集中在shopping,但又不想委屈自己入住環境惡劣的酒店,以下介紹這三間超高CP值酒店絕不能錯過!因為間間都不過$400���幣!
01克雷赫南堀江公寓酒店 Krehl Minamihorie Condominium
這間酒店可說是性價比非常之高,因為最平的房約$272就已經有交易,而且還供3人入住。酒店位於美波,距離難波現場音樂廳、大阪京瓷巨蛋和美國村不到 2公里。而且心齋橋筋商店街還只是10多分鐘車程,前往櫻川站則只是9分鐘,非常方便。
價錢:HK$272
地址:4-28-2, Minamihorie, Nishi-ku, 大阪, 550-0015
02 伊爾蒙特酒店Hotel Il Monte
位於大阪的市中心地帶,鄰近JR大阪駅、地鐵梅田駅、地鐵東梅田駅的「伊爾蒙特酒店Hotel Il Monte」,距離天神橋筋商店街、大阪車站購物中心和Grand Front 大阪不到15分鐘路程,絕對是shopping人士必住之選。雖然說是三星級酒店,不過需要的設施通通都有,酒店122間客房均擁有免費 Wi-Fi和免費有線上網、自助早餐等。
價錢:HK$405
地址:7-13 Doyama-cho, 大阪, Osaka-fu , 530-0027
03 堺筋-北濱-站前APA酒店APA Hotel Sakaisuji-Kitahama-Ekimae
位於大阪中央,距離大阪中央會公堂和表演廳不到15分鐘路程的「APA酒店」,走過去難波橋站只需7分鐘。重點是全部193間客房內均擁有豪華浴缸!當你獨瘋狂購物一整天,泡一個熱水浴可說是非常愉快!
價錢:HK$335
地址:2-3-10 Koraibashi Chuo-ku, 大阪, 541-0043
men’s uno Hong Kong ►► Facebook@mensuno ►► Instagram@mensunohk ►► men’s uno
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疫情令澳門賭場股深跌 分析師:長線佈局買點來臨
豪華賭場讓澳門從平凡的小漁村,一躍成為世界賭城,被譽為「亞洲拉斯維加斯」。但受武漢肺炎疫情影響,澳門政府要求各大賭場暫時停業,相關個股也應聲重挫。不過,分析師認為,這波跌勢讓賭場股出現抄底買點,投資人應密切掌握。
香港《南華早報》報導,澳門上市賭場股包括金沙中國(1928.HK)、銀河娛樂(0027.HK)、新濠國際發展(0020.HK)、永利澳門(1128.HK)、美高梅中國(2282.HK)和澳博控股(0880.HK)等。
先前澳門賭場股走勢強勁。在中美1月15日簽署第一階段貿易協議帶動下,賭場股紛紛跳漲,來到近52週高點,但自1月17日收盤以來,新濠國際發展重挫23%、金沙中國大跌14.4%、澳博控股下挫12.5%、銀河娛樂下挫10%。相較之下,港股大盤恆生指數自1月17日以來僅下跌6%。
為防範病毒在人群聚集的密閉空間���散,澳門政府於2月5日開始關閉賭場,全數停止營運15天,讓賭…
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China Warns It Could Quell Hong Kong Protesters; Trump Urges Xi to Meet Them
Hong Kong braced for more mass protests over the weekend, even as China warned it could use its power to quell demonstrations and U.S. President Donald Trump urged Chinese President Xi Jinping to meet personally with the protesters to defuse weeks of tensions.
Hundreds of China’s People’s Armed Police (PAP) on Thursday conducted exercises at a sports stadium in Shenzhen which borders Hong Kong after the U.S. State Department said it was “deeply concerned” about the movements, which have prompted worries that the troops could be used to break up protests.
Ten weeks of confrontations between police and protesters have plunged Hong Kong into its worst crisis since it reverted from British to Chinese rule in 1997 and presented the biggest popular challenge to Xi in his seven years in power.
The Civil Human Rights Front, which organized million-strong marches in June, has scheduled another protest for Sunday.
China’s ambassador to London issued a stark warning, saying Beijing could use its power to quell the Hong Kong protests if the situation deteriorated further and repeating charges that some protesters had shown “signs of terrorism.”
“The central government will not sit on its hands and watch,” Liu Xiaoming told reporters. “We have enough solutions and enough power within the limits of (the) Basic Law to quell any unrest swiftly,” Liu said, referring to Hong Kong’s mini-constitution, which states that the Hong Kong government can ask the Chinese garrison in the city to help maintain order.
“The central government of China will never allow a few violent offenders to drag Hong Kong down a dangerous road, down a dangerous abyss,” Liu said.
The Friday edition of China’s influential state-controlled Global Times tabloid also warned that China had the option to “forcefully intervene” and lashed out at what Beijing describes as U.S. interference in Hong Kong.
“If Hong Kong cannot restore the rule of law on its own and the riots intensify, it’s imperative then for the central government to take direct actions based on the Basic Law,” it said, saying the Shenzhen PAP deployment was “a clear warning”.
The paper said the situation in Hong Kong “won’t be a repeat of the June 4th political incident in 1989,” referring to the bloody military crackdown on pro-democracy demonstrations in Beijing’s Tiananmen Square 30 years ago.
White House national security adviser John Bolton warned against a repeat of Tiananmen in an interview on Wednesday, and Trump on Thursday urged Xi to meet with the protesters, saying it would lead to an end to tensions.
“If President Xi would meet directly and personally with the protesters, there would be a happy and enlightened ending to the Hong Kong problem. I have no doubt!” Trump tweeted.
The remark came a day after Trump tied a U.S. trade deal with China to a humane resolution of the protests.
Trump has been seeking a major deal to correct trade imbalances with China ahead of his 2020 re-election bid and has faced criticism from Congress and elsewhere for not taking a stronger public line on Hong Kong and for his characterization of the protests earlier this month as “riots” that were a matter for China to deal with.
Trump’s tougher stance on Hong Kong followed a debate within his administration over whether Washington was looking too compliant while China appeared to be preparing for a crackdown, a source familiar with the deliberations said.
A White House aide said television reports on the possibility of a crackdown were a factor in Trump’s shift in tone.
On Thursday, China’s foreign ministry said Beijing had noted Trump’s comment that Beijing needed to resolve the Hong Kong crisis on its own, while Liu, the Chinese ambassador in London, accused unidentified foreign forces of fomenting the protests.
“Hong Kong is part of China. No foreign country should interfere in Hong Kong’s internal affairs,” Liu said.
CALLS FOR RESTRAINT
Western governments have stepped up calls for restraint following chaotic scenes at Hong Kong’s airport this week that forced cancellation of nearly 1,000 flights and saw protesters set upon two men they suspected of being government sympathizers.
France called on city officials to renew talks with activists, while Canada said China should handle the protests with tact.
Two opposition lawmakers from Hong Kong visiting the United States on Thursday urged the outside world to stay focused on developments.
“For the international community to speak up for Hong Kong is extremely important, and we see that across the American political establishment,” Dennis Kwok of the liberal-democratic Civic Party said at the Asia Society thinktank in New York. He and fellow party member Alvin Yeung were to meet U.S. lawmakers.
The airport, one of the world’s busiest, was returning to normal on Thursday but under tight security after thousands of protesters jammed its halls on Monday and Tuesday nights.
Late on Wednesday night, police and protesters faced off again on the streets, with riot officers quickly firing tear gas.
Seventeen people were arrested on Wednesday, bringing the total detained since June to 748, police told a news conference, adding that police stations have been surrounded and attacked 76 times during the crisis.
Despite the Shenzhen deployments, several western and Asian diplomats in Hong Kong said they believed China had little appetite for putting its forces onto Hong Kong’s streets, and a U.S. official said on Wednesday the PAP activities appeared aimed at intimidating the protesters.
The U.S. State Department warned on Wednesday that continued erosion of Hong Kong’s autonomy put at risk the preferential economic status it enjoys under U.S. law and leading members of the U.S. Congress have warned that a crackdown could be met by U.S. sanctions.
It is unclear whether the airport clashes have eroded the broad support the protest movement has attracted in Hong Kong, despite adding to the problems of the city’s faltering economy.
On Wednesday, the State Department issued a travel advisory urging U.S. citizens to exercise caution in Hong Kong.
Research firm Capital Economics said the protests could push Hong Kong into a recession and risked “an even worse outcome if a further escalation triggers capital flight.”
Hong Kong’s property market, one of the world’s most expensive, would be hit hard in that scenario, it added.
Financial Secretary Paul Chan unveiled a series of measures worth HK$19.1 billion ($2.44 billion) on Thursday to tackle economic headwinds, but he said it was not related to political pressure from the protests.
Some business and citizens’ groups have posted newspaper advertisements backing Hong Kong’s government.
The head of Macau casino operator Galaxy Entertainment <0027.HK>, Lui Che-woo, urged talks to restore harmony. The protests have affected the neighboring Chinese territory of Macau, with some visitors avoiding the world’s biggest gambling hub amid transport disruptions and safety concerns.
(Additional reporting by Donny Kwok, Noah Sin, Kevin Liu and Twinnie Siu in HONG KONG, David Brunnstrom, Makini Brice and Jonathan Landay in WASHINGTON, Rodrigo Campos in NEW YORK, Estelle Shirbon and Costas Pitas in LONDON, Mathieu Rosemain in PARIS and David Ljunggren in OTTAWA; Writing by David Brunnstrom and Farah Master; Editing by Cynthia Osterman)
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Macau casinos post first annual revenue gain in 3 years
Gaming revenue in the Chinese territory of Macau rose for the first time in three years in 2017 as high-end punters’ appetite for gambling recovers after a protracted government campaign against shows of wealth among public officials and slowing economic growth.
Figures from Macau’s Gaming Inspection and Coordination bureau on Monday showed revenues rose 19 percent for 2017 to 265.7 billion patacas ($33.13 billion).
Analysts had expected 2017 full-year growth of 18-20 percent to $33 billion to $34 billion.
The former Portuguese colony and now special administrative region is clambering back after revenue plunged to five-year lows in 2014.
But revenue is still far off the highs hit ahead of 2014, hovering only around monthly tolls seen in 2011, data from Thomson Reuters Datastream showed.
Monthly gambling revenue in December was up 15 percent to 22.7 billion patacas, slightly lower than analysts’ expectations for growth of 17-20 percent.
Winnings have been higher for operators such as Sands China Ltd (1928.HK), Wynn Macau Ltd (1128.HK), Galaxy Entertainment Group Ltd (0027.HK) and Melco Resorts & Entertainment Ltd (MLCO.O) which have casinos on the Cotai strip – a stretch of reclaimed land which now boasts some of Macau’s most opulent properties.
SJM Holdings Ltd (0880.HK) and MGM China Holdings Ltd (2282.HK), which do not yet have a presence on Cotai, have seen market share erode ahead of new openings along the strip.
MGM is due to open its new resort in January 2018 while SJM is not expected to open until closer to 2019, analysts said.
Reporting by Farah Master; Editing by Christopher Cushing and Kim Coghill
Our Standards:The Thomson Reuters Trust Principles.
The post Macau casinos post first annual revenue gain in 3 years appeared first on dailygate.
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Macau casinos post first annual revenue gain in 3 years
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Macau casinos post first annual revenue gain in 3 years
Local vanity Numbers:
Gaming revenue in the Chinese territory of Macau rose for the first time in three years in 2017 as high-end punters’ appetite for gambling recovers after a protracted government campaign against shows of wealth among public officials and slowing economic growth.
Figures from Macau’s Gaming Inspection and Coordination bureau on Monday showed revenues rose 19 percent for 2017 to 265.7 billion patacas ($33.13 billion).
Analysts had expected 2017 full-year growth of 18-20 percent to $33 billion to $34 billion.
The former Portuguese colony and now special administrative region is clambering back after revenue plunged to five-year lows in 2014.
But revenue is still far off the highs hit ahead of 2014, hovering only around monthly tolls seen in 2011, data from Thomson Reuters Datastream showed.
Monthly gambling revenue in December was up 15 percent to 22.7 billion patacas, slightly lower than analysts’ expectations for growth of 17-20 percent.
Winnings have been higher for operators such as Sands China Ltd (1928.HK), Wynn Macau Ltd (1128.HK), Galaxy Entertainment Group Ltd (0027.HK) and Melco Resorts & Entertainment Ltd (MLCO.O) which have casinos on the Cotai strip – a stretch of reclaimed land which now boasts some of Macau’s most opulent properties.
SJM Holdings Ltd (0880.HK) and MGM China Holdings Ltd (2282.HK), which do not yet have a presence on Cotai, have seen market share erode ahead of new openings along the strip.
MGM is due to open its new resort in January 2018 while SJM is not expected to open until closer to 2019, analysts said.
Reporting by Farah Master; Editing by Christopher Cushing and Kim Coghill
Our Standards:The Thomson Reuters Trust Principles.
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Real Madrid adds lustre to China's wannabe 'Orlando' tourist hub
HENGQIN, China (Reuters) – Just a stone’s throw across a narrow waterway from the world’s largest gambling hub Macau, a former oyster farming island is being transformed into China’s newest tourism haven.
Dubbed by some as China’s answer to Florida’s Orlando – a global tourist magnet with its cluster of major theme parks – Hengqin has seen property prices more than double over the past two years.
While still a dusty mass of construction sites, Hengqin now draws millions annually to its anchor attraction, the “Chimelong Ocean Kingdom” theme park, with a slew of hotel, malls and sprawling residential developments being built nearby. Spanish soccer club, Real Madrid, announced last week they would open an interactive “virtual reality” complex in Hengqin, in partnership with Hong Kong-listed developer, Lai Sun Group (0488.HK).
The 12,000-square metre venue, set to open in 2021, will include virtual reality entertainment and a museum showcasing the club’s history.
The transformation of Hengqin, which is three times as large as Macau, is part of Beijing’s efforts to bolster links between Hong Kong, Macau and nine cities in the Pearl River Delta region, or so-called “Greater Bay Area”, modelled after other dynamic global bay areas such as Tokyo and San Francisco.
“Hengqin will be the Orlando of China. Macau is Las Vegas (and) Hong Kong is New York,” said Larry Leung, an executive with Lai Sun that is helping build the Real Madrid complex at its “Novotown” project in Hengqin. “Within an hour you can have them all.”
Novotown’s entertainment mix will also feature China’s first Lionsgate movie world with theme rides from blockbuster films such as the Hunger Games and Twilight, as well as a National Geographic educational center. And high-end hotel chains and luxury yacht makers are building more hotels and a marina on Hengqin.
Residential apartments are under construction at Hengqin Island adjacent to Macau, China September 13, 2017. Picture taken September 13, 2017. REUTERS/Bobby Yip
EXPANDING MACAU
Chinese officials see Hengqin helping Macau diversify away from casinos to a more wholesome tourism industry. More than 80 percent of Macau’s public revenues come from the gambling sector.
Businesses in Macau have been encouraged to invest in Hengqin with the government providing cheaper rent and tax subsidies. Galaxy Entertainment (0027.HK), Shun Tak (0242.HK) and Macau Legend have also earmarked developments for Hengqin. Realtors expect property prices to keep rising once a sea bridge linking Hong Kong, and a high speed rail station are completed.
Hoffman Ma, deputy chairman of Success Universe Group, which operates the Ponte 16 casino in Macau, said Hengqin could take some convention and exhibition business away from the former Portuguese colony.
“It doesn’t make sense for Macau to do that, due to a consistent labour shortage,” he said.
Wang Lian, from Wuhan in central China, brought his daughter to watch whale sharks and polar bears at Chimelong Ocean Kingdom recently.
Industry reports show 8.5 million people visited China’s top theme park last year, more than Hong Kong Disneyland’s 6.1 million, and almost a third of the 28 million people who visited Macau last year.
“China’s population is so big they need something like this nearby … its (Hengqin‘s) economic ties will also help Macau develop,” Wang said.
Additional reporting by Clare Jim; Editing by James Pomfret and Jacqueline Wong
Our Standards:The Thomson Reuters Trust Principles.
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