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IPO
F&B operator Koufu lodges preliminary prospectus for IPO on SGX Mainboard
SINGAPORE (June 28): Koufu Group, the operator and manager of food and beverage (F&B) establishments in Singapore with a presence in Macau, has lodged its preliminary prospectus with the Monetary Authority of Singapore (MAS) for a Mainboard listing on the
June 28, 2018
Global Markets
MGM opens new US$3.4 bil resort in Macau
HONG KONG (Feb 13): MGM Resorts International’s debut of its US$3.4 billion ($4.5 billion) property Tuesday is the latest bet on the world’s biggest casino hub, as licensing bids and China’s proposal to allow gambling on a nearby island cast uncerta
February 13, 2018
Results
Las Vegas Sands profit surges on continuing Macau and Singapore
LOS ANGELES (Jan 25): Las Vegas Sands Corp.’s big bet on Macau continues to pay off.
January 25, 2018
Global Markets
MGM Resorts bets on wealthier masses to catch up in Macau
HONG KONG (Aug 15): MGM Resorts International is counting on a growing number of affluent Chinese customers to drive revenue at its new Macau property, as it strives to catch up with an industry rebound in the enclave.
August 15, 2017
This is the best-performing casino stock in the world
MANILA (May 19): Melco Crown Philippines Resorts Corp. is the best-performing casino stock in the world this year. To punters playing baccarat at the company’s City of Dreams venue in Manila, that’s no surprise.
May 19, 2017
Broker's Calls
Japanese casino licence could give Genting Singapore legs to run further
SINGAPORE (May 4): Maybank Kim Eng Research continues to rate Genting Singapore (GENS) at “buy” with a higher price target of $1.25 from $1.10 previously with catalysts expected from a potential Japanese casino licence.
May 04, 2017
Singapore third most expensive city in Asia for construction
SINGAPORE (March 6): Singapore is revealed as the third most expensive city in Asia for construction, following Hong Kong and Macau, according to the International Construction Costs Index published on Monday by built assets design and consultancy firm Ar
March 06, 2017
Marina Bay Sands drawn into China currency control battle against casinos
SINGAPORE (Dec 30): Singapore’s Marina Bay Sands has found itself in the crosshairs as China takes aim at casinos in the region in its battle to keep billions of yuan from flowing out of the mainland.
December 30, 2016
Karin secures Jabra distributorship in Hong Kong and Macau
SINGAPORE (Sep 6): Karin Technology Holdings says subsidiary Compucon Computers has been appointed by GN Netcom Asia as the exclusive distributor for “Jabra” branded products in Hong Kong and Macau with effect from Oct.
September 06, 2016
Wynn Palace not for kids as new casino raises game in luxury
(Aug 17): Welcome to Steve Wynn’s US$4.2 billion ($5.6 billion) new Macau resort: a gambling and entertainment mecca the billionaire says he’s building “for adults.”
August 17, 2016