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  1. Macau gets a 'D' for diversification

    CNBC via Yahoo! Finance26 Aug 10:49

    Macau's attempts to diversify away from gambling have yet to yield much success, raising concerns whether the city can become a broader tourist venue.

  2. Police in the global gambling hub of Macau have arrested 17 people this week after raiding pawn shops thought to be easing the illicit flow of money from China, whose slowing economy is prompting authorities to try and curb capital flight. Macau, the only place in China where citizens are allowed to gamble in casinos, has long been considered a money laundering blackspot, susceptible to ...

  3. Macau arrests 17 in money laundering crackdown

    Free Malaysia Today26 Aug 12:25

    HONG KONG: Police in the global gambling hub of Macau have arrested 17 people this week after raiding pawn shops thought to be easing the illicit flow of money from China, whose slowing economy is prompting authorities to try and curb capital flight. Macau, the only place in China where citizens are allowed to gamble in casinos, has long been considered a money laundering blackspot, susceptible...

  4. Wynn Resorts (WYNN) at 5-Year Low as Macau Woes Persist

    Zacks via Yahoo! Finance27 Aug 22:50

    Shares of Wynn Resorts Ltd. (WYNN) hit a five-year low of $71.25 on Aug 26 due to heavy trading volume.

  5. Traffic was up 17% on a month-over-month basis. Same-day visitors were down 6.4% during July, while overnight visitors fell 0.9%. YTD Macau visitor arrivals are down 3.5% to 17.4M.

  6. Macau casino and hotel giant SJM Holdings said Wednesday its net profit for the first half of the year fell more than 50 percent as the enclave's gambling revenues haemorrhage. SJM -- owned by Hong Kong tycoon Stanley Ho -- is trying to lure back visitors with the sprawling new Lisboa Palace complex due to open in 2017, a bid to diversify from gambling and attract more mass-market tourists ...

  7. Macau Casinos Slump Eases for a Fifth Month

    Bloomberg via Yahoo! Finance03 Aug 16:26

    The downward spiral of Macau’s casino industry is abating, albeit slightly, as a revenue slump eased a fifth straight month in July, the same month the city relaxed rules for Chinese citizens entering the gambling hub. Gross gaming revenue fell 34.5 percent to 18.6 billion patacas ($2.3 billion), according to data released by Macau’s Gaming Inspection and Coordination Bureau, in line with the ...

  8. Macau Avoids Austerity Measures For Another Month

    Benzinga via Yahoo! Finance03 Aug 23:08

    Shares of Macau casino operators are mixed in early trading on Monday following the release of Macau’s gross gaming revenue (GGR) numbers for the month of July. The July numbers came in slightly better ...

  9. Crown chairman steps down as Macau challenges mount

    Reuters via Yahoo! Finance13 Aug 13:33

    Billionaire James Packer stepped down as chairman of Australia's Crown Resorts Ltd on Thursday but said he would remain heavily involved in the company he owns half of as it faces declining revenues in the world's biggest gambling hub Macau. Packer's surprise decision to take a less-public role in Crown, Australia's biggest casino operator by market value, initially sent shares down to a one ...

  10. Is Macau Coming Back?

    Benzinga via Yahoo! Finance18 Aug 23:01

    In a new report this week, Goldman Sachs analyst Simon Cheung took a close look at the most recent Macau gaming numbers and presented an updated view on the stability of the industry. After 14 consecutive ...

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