..

Wynn Macau Overtakes Sands China

Written by:
Jagajeet Chiba
Published on:
Dec/02/2010
Wynn Macau Overtakes Sands China

Macau Business reported on Thursday that Wynn Macau has taken the second spot on the league rankings of market share away from Sands China in the Macau gambling haven. 

Wynn took control of 17 percent of the overall market while Sands came in with 15 percent. 

Wells Fargo analyst Caro Santarelli tells Macau Business that Sands China “suffered from bad luck”, though no further details were offered. 

Melco Crown Entertainment came in just behind Sands China, also with 15 percent of the market share, however.

The Ho family continues to dominate the Macau market.  Stanley Ho, the family patriarch, has been in poor health over the past year.  His daughter Pansy assumed control of their casino empire.  The Ho-owned Hung Sun’s Sociedade de Jogos de Macau currently holds 31 percent of the market share in that city. 

MGM, which announced strong financials over the last period thanks to its Macau business, came in at 5th with 11 percent of the overall market share.  Galaxy Entertainment Group had 10 percent. 

Macau’s casino gross gaming revenue reached MOP17.35 billion (US$2.17 billion) last month, Macau Business points out. 

- Aaron Goldstein, Gambling911.com

Business/Financial News

What is the Ideal Block Size and Fee Cost?

What is the Ideal Block Size and Fee Cost?

Markets are better at deciding what block sizes and fee costs should be.  Leave it up to the miners and users, not development committees.

Rest in Peace Bitcoin?  Not Quite

Rest in Peace Bitcoin? Not Quite

Bitcoin ain't dead yet, nowhere near. Bitcoin is currently sitting at a $115 Billion market cap with each Bitcoin currently being worth $6,728.33.  The last time we saw a price point similar to this level was in early February, just 4 months ago. During that same month Bitcoin bounced back to over $11,000.

Inside the Cryptocurrency Revolution

Inside the Cryptocurrency Revolution

Vice News on HBO is set to premier a segment on the "Cryptocurrency Revolution", more specifically detailing Genesis Mining. 

Bitcoin Blockchain Acceptance Updates

Use of cryptocurrencies can be done anonymously.  Companies like JazzSports are leading the way by promoting anonymous accounts that only require a valid email account.  Payments are through a virtual wallet using the blockchain.  This means it no longer matters where the actual customer physically resides.

Bitcoin Purported Founder Craig Wright Says His BTC Fortune May Remain Locked

Bitcoin Purported Founder Craig Wright Says His BTC Fortune May Remain Locked

The man who claims to have invented Bitcoin and was ordered by a judge to surrender approximately $3 billion of his Bitcoin holdings says he can't, at least not any time soon.

Syndicate