Search Results for: China
Former shareholder of Crown Resorts to leave casino industry, avoid business deals in China
March 1, 2024
After selling his AU$3.3 billion interest in the company in 2022, James Packer, the former main shareholder of Australia's Crown R...
China adds Xi’an, Qingdao to eligible cities for IVS exit visas
February 26, 2024
The list of mainland population centers eligible for Individual Visit Scheme (IVS) departure permits has been expanded by the Chin...
MGM China reports record-breaking Adjusted Property EBITDAR figures
February 14, 2024
With fourth-quarter and annual Adjusted Property EBITDAR results that broke records, concessionaire MGM China of Macau has had a r...
CEO reveals MGM China achieved market share exceeding 20% for first time in January
February 14, 2024
CEO and President Bill Hornbuckle of MGM Resorts said on the company's 4Q23 earnings call that MGM China achieved a market share o...
China Welfare Lottery offers one of its largest first prizes to date
February 8, 2024
One of the biggest initial prizes ever given out by the China Welfare Lottery was anticipated to be given out last Wednesday.
A...
Consultant forecasts new Sands China CEO to focus on cost-cutting, enhancing customer retention
February 7, 2024
Gaming analyst Sudhir Kalé believes that in his new role as CEO and President of Sands China, Grant Chum will be more involved an...
Deutsche Bank analysts revise fourth-quarter 2023 EBITDAR forecast for MGM China
February 7, 2024
The analysts at Deutsche Bank have increased MGM China's estimated fourth-quarter 2023 EBITDAR from $231 million to $254 million. ...
Fitch adjusts forecast on dividend payments for Sands China
February 5, 2024
Fitch Ratings Inc. has revised its dividend payment prediction for Macau casino operator Sands China Ltd., forecasting a restart i...
Mainland China’s lottery sales soar to $81.2 billion
January 31, 2024
In 2023, mainland China had a 36.5% growth in lottery purchases, totaling RMB 579.7 billion (US$81.2 billion). Notably, sales of s...
Travel searches increase after Thailand, China waive visa requirements
January 30, 2024
Travel and tourism between Thailand and China will now be easier as both countries have decided to remove their respective citizen...