Category: Casino

Macau’s junket market continues to shrink. Over the past year, the number of licensed junkets has decreased by 8.3%, marking the sixth year in a row that there has been a decline in the legal gaming promoters. There are now only 100, compared to 109 seen in January of last year. The Gaming and Inspection […]

A short term trade looks to be developing in Macau. We’ve been falling since May and we seem to have found a plateau, a short term bottom. We may see a brief bounce from here but it is unlikely to last for more than a few months at most. Major anticipated earnings are on tap […]

Suncity Group has confirmed it has significantly boosted its stake in the company that controls the Tigre de Cristal casino in Russia’s far east. On Tuesday, the Hong Kong-listed Suncity Group Holdings Ltd announced that it had boosted its stake in Summit Ascent Holdings from 3.29% to 27.97% at a cost of HK$717.8m (US$104.3m). Summit […]