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MGM China Unveils Salary Increase for 99% of Its Workforce

MGM China Unveils Salary Increase for 99% of Its Workforce

MGM China Unveils Salary Increase for 99% of Its WorkforceMGM China Holdings Limited, a leading casino and hospitality giant in Macau, has unveiled a new salary increase that will affect most of its workers. The company thanked its workers for their hard work and incredible commitment, which have dr

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Macau's casino boom brings wealth but at a cost 25 years since China's takeover

Macau's casino boom brings wealth but at a cost 25 years since China's takeover

MACAU (AP) — When Portugal returned its colony Macau to China in 1999, coffee shop owner Daniel Chao was a first grader living in a different world.Since then his sleepy hometown has transformed into a bustling gaming hub lined with glittering casinos. Its once quiet streets are now jammed with tour

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Macau casino revenue rises 14.9% in November, approaching pre-pandemic levels

Macau casino revenue rises 14.9% in November, approaching pre-pandemic levels

Macau’s gaming sector saw a robust recovery in November as gross gaming revenues (GGR) surged 14.9% year-on-year to MOP18.44 billion ($2.3 billion), driven by relaxed travel policies and increasing visitor arrivals. The latest figures from the Gaming Inspection and Coordination Bureau bring the 2024

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Galaxy reports strong Y-o-Y revenue growth in Q3 amidst expansion efforts

Galaxy reports strong Y-o-Y revenue growth in Q3 amidst expansion efforts

Galaxy Entertainment Group (GEG) posted an 11% year-on-year increase in net revenue, totaling HK$10.7 billion (US$1.38 billion), although results showed a 2% dip from the previous quarter. Despite a resilient revenue performance, the company reported a decline in its quarterly earnings before intere

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Lui Che Woo, Hong Kong tycoon and Galaxy Entertainment Founder, dies at 95

Lui Che Woo, Hong Kong tycoon and Galaxy Entertainment Founder, dies at 95

Lui Che Woo, the influential Hong Kong tycoon behindGalaxy Entertainment Group, has passed away at the age of 95. His death was confirmed by the company he founded and chaired, which paid tribute to his legacy in a statement: "His vision, tremendous leadership and guidance were the foundations for t

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British Columbia seeks to retain over $649,000 bond in civil forfeiture case involving alleged Macau casino crime leader

British Columbia seeks to retain over $649,000 bond in civil forfeiture case involving alleged Macau casino crime leader

British Columbia’s director of civil forfeiture has initiated a lawsuit to retain CAD880,000 ($649,230) posted as a bond with the Canada Border Services Agency (CBSA) by Tujie Lai, an individual accused of leading a criminal gang running casinos in Macao. The legal action, filed Tuesday in B.C. Supr

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