Why Investors See Macau's 40% Drop in Casino Sales as Good News Las Vegas Blog

<!– (S) –> (Bloomberg) — This is what passes for superior news in Macau nowadays: the town’s drop in on line casino income is stabilizing at about 40 %. <!– –>Gross gambling income in the world’s biggest gambling hub fell 39 % to 21.5 billion patacas ($2.7 billion) final month — the second-worst month-to-month decline on report — in accordance with knowledge started Wednesday by Macau’s Gaming Inspection and Coordination … Read the rest

Foreign Investors Are Cashing Out of China Las Vegas Blog

<!– (S) –> (Bloomberg) — International buyers are cashing out of China’s world-beating fairness rally. <!– –>Foreigners bought a internet 1.7 billion yuan ($274 million) of Chinese shares by way of the Shanghai-Hong Kong alter hyperlink within the week by way of Monday, whereas the 2 biggest Hong Kong exchange-traded funds monitoring mainland shares had withdrawals of $622 million. Money flowed out of the hyperlink once more on Tuesday 'cause … Read the rest

Macau casino revenue falls for 10th straight month Las Vegas Blog

<!– (S) –> Macau’s casino revenue fell in March for the tenth straight month as China’s corruption crackdown took a unbroken toll on the town, figures confirmed Wednesday.<!– –>The metropolis noticed its second-worst month-to-month decline of 39 % for March in comparison with the identical month final yr as Beijing encourages the semi-autonomous territory to diversify from gambling and reins in high-rolling guests from the Chinese mainland.Gross revenue from gambling … Read the rest

Casinos appeal taxes after deadlock on payment plan Las Vegas Blog

Suzette Parmley, Inquirer Staff Writer Posted: Wednesday, April 1, 2015, three:01 AM ATLANTIC CITY – With laws to complete on line casino tax appeals and balance this metropolis’s funds languishing in Trenton, Borgata and others confirmed in that they’ve filed, or will file, petitions to appeal their 2015 property-tax assessments to satisfy Wednesday’s 5 p.m. deadline. Successful tax appeals by the casinos have value the town almost $400 million in … Read the rest

'Justified': Jere Burns on Mikey's loyalty and THAT scene Las Vegas Blog

Spoiler alert! Jere Burns, who performs the motor-home loving Wynn Duffy on FX’s Justified, joined us to speak about “Fugitive Number One,” the violent, intense 11th episode of the present’s remaining season. If you have not seen the episode but, you may need to desist studying proper about now… ENTERTAINMENT WEEKLY: So, simply to start out off, how the hell does Wynn Duffy hold surviving?JERE BURNS: So you’ve seen the … Read the rest

Paris Hilton heading to Vegas for DJ gig Las Vegas Blog

Paris Hilton is profitable the warfare of the turntables after touchdown a brand new residency in Las Vegas. Just days after information of a petition started to kick her off the invoice of a summer time pageant in Wisconsin broke, the lodge heiress, socialite and actuality TV pioneer has introduced she’s lining up a collection of dates in America’s social gathering capital. Hilton, who has simply wrapped up a 2nd … Read the rest

Macau gambling revenue drops 39 pct in March as VIPs keep clear Las Vegas Blog

<!– (S) –> * Second-worst end result on document<!– –> * Analysts cautious on short-term outlook * Govt assessing casinos forward of license assessment (Adds corruption, diversification context, shares) HONG KONG, April 1 (Reuters) – Gambling revenue in the Chinese territory of Macau plummeted 39 % in March, the 10th consecutive month-to-month fall, as excessive rollers steered clear of the world’s biggest on line casino hub the place the take … Read the rest

Macau gambling revenue plunges 39 pct in March Las Vegas Blog

<!– (S) –> <!– –><!– –>HONG KONG, April 1(Reuters) – Gambling revenue in the Chinese territory of Macau plummeted 39 % in March, the 10th consecutive month-to-month fall, as excessive rollers steered away from the nation’s solely authorized on line casino hub. Revenue fell to 21.5 billion patacas ($2.7 billion) from 35.5 billion patacas a yr earlier, confirmed authorities knowledge on Wednesday. That was in line with a decline of … Read the rest

Macau gambling revenue drops 39 percent in March as VIPs keep clear Las Vegas Blog

<!– (S) –> HONG KONG (Reuters) – Gambling revenue in the Chinese territory of Macau plummeted 39 % in March, the 10th consecutive month-to-month fall, as excessive rollers steered clear of the world’s biggest on line casino hub the place the take is 7 occasions as a lot as in Las Vegas.<!– –> The revenue drop is the 2nd worst on document for the nation’s solely authorized gaming centre – … Read the rest

Macau Casinos Post Second Worst Drop Amid Anti-Graft Probe Las Vegas Blog

<!– (S) –> (Bloomberg) — Macau’s on line casino gambling income fell 39 % in March, the second-worst month-to-month decline on report, as high-end gamers stayed away from tables amid China’s anti-corruption crackdown. <!– –>Gross gaming income on the earth’s biggest gambling hub fell to 21.5 billion patacas ($2.7 billion) final month, the 10th straight month of decline, in response to knowledge started Wednesday by Macau’s Gaming Inspection and Coordination … Read the rest