Search Results for: satellite casino
PAGCOR Top Priority: Privatize Casinos in the Philippines
March 23, 2023
The sale of its state-owned casinos was announced by Philippine Amusement and Gaming Corp (PAGCOR) on Tuesday for PHP80 billion (U...
Philippine Casinos Win $3.3B in 2022, Near Pre-Pandemic Business Levels
March 20, 2023
Philippine casinos won PHP184 billion (US$3.3 billion) in 2022, a healthy rebound from the pandemic for the gaming industry in the...
David Chow exits board of casino services biz Macau Legend
August 18, 2022
Former Macau legislator David Chow Kam Fai has exited the board of Macau Legend Development Ltd, a hotel and gaming services firm ...
Macau Legend exits Fisherman’s Wharf casino biz, SJM stays
August 11, 2022
Gaming and hotel services firm Macau Legend Development Ltd has stopped all casino promotion-related activities regarding its Maca...
Macau Legend keen to continue satellite operations but US$152 million loss in FY21 casts doubt
June 29, 2022
Macau Legend Development Ltd says it will explore its options with a view to continuing the management of Macau casinos Legend Pa...
GEG Closes Rio and President Casinos
June 23, 2022
Galaxy Entertainment Group (GEG) has closed two of its Macau satellite casinos (Rio Casino and President Casino).
According to...
SJM to continue operating Emperor casino for six months, to pay US$2.6m in fees
June 16, 2022
SJM Holdings will continue to run the satellite casino in Macau’s Grand Emperor Hotel for another six months and will pay HK$21...
Macau casino revenue keeps downward trend in May, forcing closures amid China’s tightened travel restrictions
June 2, 2022
Macau casino revenue has plunged amid the ongoing impact of the pandemic on the gaming destination. Revenue for May fell 68% from...
Tax incentives eyed for casinos to broaden sights
May 16, 2022
Macau is willing to consider a tax cut of as much as five percentage points on a casino's gross gaming revenue if the SAR's opera...
JP Morgan labels SJM Holdings liquidity “worrying” on COVID-19, satellite concerns
April 25, 2022
JP Morgan analysts have labelled the liquidity of Macau casino concessionaire SJM Holdings as “worrying” amid concerns over i...