#Credit Suisse

Defense World

Asset Management One Co. Ltd. Sells 6,092 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Asset Management One Co. Ltd. lessened its holdings in Las Vegas Sands Corp. (NYSE:LVS - Get Rating) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140086 shares of the casino operator's stock after selling 6092 shares during the quarter. Asset…

Finance ・ 30 April 2023

Yogonet

Macau casino gaming revenue hits all-time low in July collecting only $49M amid Covid restrictions

According to the Gaming Inspection and Coordination Bureau, Macau's gaming revenue has hit an all-time low; their worst month ever since records began in 2009. Data shows gross gaming revenue fell 95% to 398 million patacas ($49 million) in July, 98% lower than pre-pandemic levels. Macau's casinos reopened on July 23, after a nearly two-week…

Covid ・ 27 November 2022

Business Live

Casino stocks jump as Macau gets ready to welcome back Chinese tour groups

Macau casino stocks surged the most in six months on Monday after the city announced plans to welcome back tour groups from mainland China as soon as November, a breakthrough for the gaming hub's Covid-19-hammered, tourism-dependent economy. Wynn Resorts soared as much 15% on Monday to $68.89 in New York, the biggest intraday gain since November.…

Finance ・ 26 September 2022

World Casino News

China visa crackdown to impact Macau gambling market

Global investment bank Credit Suisse Group AG has reportedly warned that Macau could see its aggregated gross gaming revenues crash by as much as 20% this year owing to China's burgeoning crackdown on granting visas to frequent gamblers. According to a Tuesday report from Asia Gaming Brief, the mainland's National Immigration Administration…

Payment Methods ・ 18 May 2022

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Asia Times

Policy changes make Macau’s casinos a risky bet

Casino operators in Macau, once the world's largest gambling center, are facing serious challenges due to Beijing's decisions to tighten travel rules and clamp down on junkets. Macau's Court of Final Appeal on Monday ruled that operators and junkets organizers were jointly liable for client deposits in nine cases filed by VIP gamblers, who demanded…

Covid ・ 18 May 2022

Vegas Slots Online

Nagasaki Votes Yes to Japan Casino, Wakayama Says No

The race for Japan's first casino resort is down to just Nagasaki, Osaka, and potentially Fukuoka, after Wakayama voted no to an IR. [Image: Shutterstock.com] Just seven days before the April 28 deadline for the selection of an integrated resort (IR) in Japan, the Assembly of the Nagasaki Prefecture approved its casino resort bill by a majority…

Travel ・ 21 April 2022

Vegas Slots Online

Return of COVID Will Hurt Macau Casinos' Q3, Analysts Say

Casinos in the Chinese gambling hub of Macau have seen some recovery from the COVID-19 pandemic in 2021 as a result of the easing of restrictions. However, new cases of the virus and fears of the fast-spreading delta variant have caused Macau officials to reintroduce health and safety measures. the first community case of coronavirus in 18…

Covid ・ 05 August 2021