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→ Gambling hub expected to show seventh straight month of growth → Recovery threatened by property curbs, capital restrictions Chinese high rollers are pulling Macau out of its doldrums, helping reverse the gambling Mecca’s two-year slump with cash created by soaring real-estate values and busy factory floors. Revenue for some...
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Galaxy’s second-quarter earnings tumbled 46 percent amid a declining market and higher costs at its new resorts. Galaxy isn’t the only casino hit by the slowdown in Macau. Bloomberg takes a look at how the industry as a whole is doing....
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BofA Merrill Lynch’s Billy Ng discusses the decline in Macau casino revenue with Bloomberg’s Rishaad Salamat on “On The Move Asia.” (Source: Bloomberg)...