|Bid||13.580 x 0|
|Ask||13.620 x 0|
|Day's range||13.500 - 13.720|
|52-week range||10.780 - 25.100|
|Beta (3Y monthly)||1.21|
|PE ratio (TTM)||22.29|
|Earnings date||18 Feb 2019 - 22 Feb 2019|
|Forward dividend & yield||0.13 (0.94%)|
|1y target est||16.80|
Police in Macau and mainland China detained 39 suspects in an underground lending case involving more than 30 billion yuan ($4.42 billion), as China steps up measures to reduce economic risks and clamp down on illicit capital outflows. Macau police and state news agency Xinhua reported on Tuesday that a criminal gang had illegally brought credit card point-of-sale terminals from the mainland into Macau's casinos for gamblers to get cash out. Macau is the world's biggest gambling hub.
(Refiles to connect with snaps, no change to text) Jan 1 - Gambling revenue in Macau rose 14 percent in 2018, the second consecutive year of gain as demand to wager in the Chinese territory continued to ...
HONG KONG, Dec 1 (Reuters) - Gambling revenue in the Chinese territory of Macau rose 8.5 percent in November from a year earlier to 25 billion patacas ($3.1 billion), bolstered by solid demand from Chinese ...
The Chinese territory of Macau posted its highest monthly revenue since 2014 in October, bolstered by solid demand from Chinese punters keen to play in the country's only legal casino hub. Revenue rose 2.6 percent from a year earlier to 27.3 billion patacas ($3.38 billion) last month, according to Macau's Gaming Inspection and Coordination bureau. This was aided in part by a week-long national holiday when most of Macau's hotels operated at close to maximum capacity and visitation jumped 7 percent on year.
Nov 1 (Reuters) - Gambling revenue in the Chinese territory of Macau rose 2.6 percent in October from a year earlier to 27.3 billion patacas ($3.38 billion), the highest monthly total since 2014, bolstered ...
Walmart Inc said on Monday it would partner with U.S. movie studio Metro Goldwyn Mayer to create content for its video-on-demand service, Vudu, which the retailer bought eight years ago. Walmart has been looking to prop up Vudu's monthly viewership that remains well below that of competitors like Netflix Inc and Hulu LLC, which is controlled by Walt Disney Co, Comcast Corp and Twenty-First Century Fox Inc. Media outlets had reported the Bentonville, Arkansas-based company was looking to launch a subscription streaming video service to rival that of Netflix and make a foray into producing TV shows to attract customers.
HONG KONG, Oct 1 - Gambling revenue in the Chinese territory of Macau posted a 2.8 percent gain in September, with solid demand from Chinese betters keen to play in the country's only legal casino hub. ...
(Widens distribution) Sept 1 - Gambling revenue in the Chinese territory of Macau posted a 17 percent gain in August, thanks to active gaming by Chinese betters keen to play in the country's only legal ...
Gambling revenue in the Chinese territory of Macau rose 10.3 percent in July from a year ago period, bolstered by demand from Chinese betters keen to play in the country's only legal casino hub. Figures from Macau's Gaming Inspection and Coordination bureau showed on Wednesday revenues were up from the month of June, reaching 25.3 billion patacas ($3.14 billion) versus analyst expectations of 5-13 percent growth. Macro factors including tighter Chinese credit and softening economic growth may also crimp demand from VIP players going forward.
An official of Macau's Yat Yuen, the company that ran the only dog-racing track in the world's largest gambling hub until last week, joined hands on Friday with animal rights group Anima to announce plans for a centre to rehouse more than 500 greyhounds. The animals, temporarily adopted by authorities after being abandoned by Yat Yuen, which ran Macau's Canidrome Club until the track closed, are to live at the centre until they find new homes, allowing the public a chance to interact with them. "We are performing our social responsibility and also doing what we promised," Angela Leong, the executive director of Yat Yuen, told a news conference, held jointly with Macau-based Anima, that was streamed live on Facebook.
Authorities in Macau, the world's largest gambling hub, said they will care for more than 600 greyhounds after their owner renounced them ahead of the closure of China's only dog-racing track on Saturday. The move comes after a long saga between government officials in the Chinese territory, animal rights activists, and one of the enclave's most well-known businesswomen, Angela Leong, the fourth wife of billionaire gaming magnate Stanley Ho. Leong, a long-standing Macau legislator and executive director of Yat Yuen, the company that operated Macau's Canidrome Club, has been criticised by animal rights groups such as Macau-based Anima, which said the greyhounds had been subject to cruel and inhumane conditions.
HONG KONG, July 1 - Gambling revenue in the Chinese territory of Macau grew 12.5 percent in June, thanks to solid demand from Chinese betters keen to play in the country's only legal casino hub. June marks ...
MGM China Holdings Limited (HKG:2282), a hospitality company based in Macau, saw significant share price volatility over the past couple of months on the SEHK, rising to the highs ofRead More...
Law enforcement and regulatory forces in Asia say they are gearing up to fight illegal gambling operators who have ramped up activities in the region ahead of the World Cup, making use of savvy technology and cryptocurrencies to evade prosecution. Illegal gambling on the cup is prevalent in countries like Thailand and Malaysia, where football is hugely popular, but which don't have legal betting alternatives, gambling industry experts say.
Authorities in Macau, the world's biggest gambling hub, have told financial institutions to tackle the illegal use of UnionPay cards to evade exchange controls, China's latest move to clamp down on illicit capital outflows. The announcement from Macau's monetary authority late on Wednesday adds to a series of measures being implemented in the Chinese territory as it cracks down on such "illegal acts". The warning to banks came after pawn shops operating in Macau casinos had their UnionPay point-of-sale terminals removed, state broadcaster TDM said this week.
MGM China Holdings Limited (SEHK:2282) is currently trading at a trailing P/E of 35.1x, which is higher than the industry average of 18.9x. While 2282 might seem like a stockRead More...
Gambling revenue in the Chinese territory of Macau posted a lower-than-expected 12.1 percent gain in May, as gamblers wagered less in the country's only legal casino hub. Figures from Macau's Gaming Inspection and Coordination bureau on Friday showed revenues stood at 25.5 billion patacas ($3.16 billion), just shy of the previous month's 25.7 billion patacas. The higher revenue in May still marks the 22nd month of consecutive rises, with revenue gains in the former Portuguese colony surging after plunging to five-year lows on slowing economic growth and a widespread crackdown on corruption starting in 2014.
A Macau court on Tuesday levied a fine of $5,000 on the territory's youngest lawmaker, but no jail time, at the conclusion of a trial viewed as a test case of transparency and conflict of interest in the world's biggest gambling hub. The lawmaker, Sulu Sou, 26, was ordered to pay a fine of 40,800 patacas ($5,060) on charges of aggravated disobedience over an unauthorised protest outside the home of the Chinese-controlled territory's leader, Fernando Chui. Macau law provides for Sou to be stripped of his duties as a legislator if he spends more than 30 days in jail.
MGM Resorts (MGM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
A Hong Kong based NGO backed by regulators, former central bankers and government officials on Wednesday announced an alliance to fight money laundering and regulate the fast growing financial technology space across Asia. The heavyweight meeting, which had government representatives from countries including China, the Philippines, Thailand and Cambodia, aimed to provide an information exchange platform as rapidly evolving technology makes it harder to regulate illicit money flows.
HONG KONG, May 2 (Reuters) - Macau casino SJM Holdings posted a 25.8 percent rise in its first-quarter net profit on Wednesday on strong gambling demand in the only place in China where casinos are legal. ...
Macau's oldest gambling company, SJM Holdings, is playing catch up as its rivals ride the wave of a gambling boom in the southern Chinese territory. SJM, which is controlled by the family of Stanley Ho, is facing an unclear leadership future and the delayed opening of its planned $4.6 billion casino resort in Macau's Cotai strip. The departure of Ho, who is one of Asia's richest men, once he retires as chairman of SJM on June 12, could spark a power struggle at the company, analysts say.
May 1 (Reuters) - Gambling revenue in the Chinese territory of Macau surged 28 percent in April and beat analyst expectations, helped by solid demand from Chinese betters keen to play in the country's ...
Shares in Chinese companies offering online and mobile poker games have shed up to a fifth of their value over the past week, following reports in local media that the government would ban all poker-related applications from June 1. Companies like Boyaa Interactive and Our Game have seen their stocks slide up to 18 percent since the informal directive from the country's ministry of culture was reported in local media on April 19. A copy of the directive - circulated in local media and seen by Reuters - asks gaming platforms to stop operating Texas Hold'em games, a variation of poker, forbid services that transfer or trade virtual currency and stop the publication of anything poker or gambling-related on Weibo and WeChat.