Tag / Hong Kong

Success Universe Group Limited warns of three-fold annual deficit

Sports lottery and land-based casino operator Success Universe Group Limited has issued a profit warning to investors advising that its consolidated loss for 2016 could have increased by as much as three-fold year-on-year due to the disappointing performance of its businesses. The Hong Kong-based firm ended 2015 with a deficit of $1.5 million with its […]

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Good year for Macau casino entrepreneurs

After suffering through 26 months of decline, the previous five months have seen the casino market in Macau post improvements in aggregated gross gambling revenues and this has reportedly helped some of the figures behind these enterprises to increase their personal wealth going into 2017. According to the latest Hong Kong’s 50 Richest People list […]

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Good year for Macau casino entrepreneurs

After suffering through 26 months of decline, the previous five months have seen the casino market in Macau post improvements in aggregated gross gambling revenues and this has reportedly helped some of the figures behind these enterprises to increase their personal wealth going into 2017. According to the latest Hong Kong’s 50 Richest People list […]

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Baha Mar Casino And Hotel begins hiring in the Bahamas

In the Bahamas, the new owner of the under-construction Baha Mar Casino And Hotel has reportedly begun hiring the 1,500 employees it will need in order to open the first phase of the $3.5 billion integrated casino resort in April. According to a report from The Tribune newspaper, Chow Tai Fook Enterprises Limited started its […]

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Sheldon Adelson dismisses libel lawsuit against newspaper reporter

Billionaire casino magnate Sheldon Adelson has reportedly settled a libel lawsuit he had brought against a reporter from The Wall Street Journal newspaper regarding a 2012 article in which he was described as “foul-mouthed”. According to a report from The Wall Street Journal, both sides agreed to dismiss the suit brought in 2013 on Thursday […]

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New Silkroad Culturaltainment Limited re-brands Jeju Island casino

After completing a series of deals that saw it gain control of 72% of the casino inside the Jeju KAL Hotel in South Korea, Chinese real estate developer and operator New Silkroad Culturaltainment Limited has announced that the enterprise has been re-branded as the MegaLuck Casino under the control of its new MegaLuck Company Limited […]

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Jeju Shinhwa World purchase sends Chinese firm further into the red

After finalizing a deal earlier this month to take full control of the under-construction Jeju Shinhwa World integrated casino resort in South Korea, Chinese real estate developer Landing International Development Limited has reportedly announced that it expects to report a widened annual net loss for 2016. According to a report from GGRAsia, Hong Kong-listed Landing […]

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