Macau’s licensed integrated resorts will emerge stronger with the closure of 11 satellite casinos in the city, as gambling activities are expected to shift to the casinos’ main properties and bolster their profit margins, according to analysts. The shares of the three casino operators affected by the move advanced after the closures were announced on…
As Macau marks the 25th anniversary of its handover, the city’s casino operators are responding to Chinese President Xi Jinping’s call to invest in tourism and leisure to diversify the gambling-dependent economy. In the first of a series of profiles, the Post looks at what Sands China is doing to upgrade its facilities and put…
Lui Che-woo, who rose from humble beginnings to become one of Asia’s biggest casino magnates, with a portfolio of hotels, resorts and property in Hong Kong and Macau, has died. He was 95. Lui, the chairman of the K. Wah Group of companies, passed away peacefully on November 7, according to separate filings to the…