Macau might curb growth of its casino industry with limits on gambling tables, other measures

HONG KONG — Macau may curb the growth of its booming casino industry with limits on the number of gambling tables and other restrictions, the government said.

Wynn Macau shares jump 13 percent in Hong Kong trading debut after $1.63 billion IPO

HONG KONG — Billionaire Steve Wynn’s Macau casino company jumped 13 percent in its trading debut on the Hong Kong stock exchange Friday, reflecting stronger faith in the southern Chinese gambling city’s prospects.

Wynn says IPO for Macau operating unit is priced at $1.30 per share in Hong Kong

LAS VEGAS — Wynn Resorts Ltd. said Wednesday its Hong Kong IPO was priced at 10.08 Hong Kong dollars ($1.30) per share, which the company said is at the top of the expected range for the offering.

Report: Wynn raises size of Macau assets IPO to $1.63 billion; investors eye gambling enclave

NEW YORK — Casino operator Wynn Resorts Ltd. will increase the size of its Hong Kong initial public offering for its Macau casino assets, as it looks to raise up to HK$12.6 billion ($1.63 billion), according to published reports.

Reports: Wynn raises size of Macau assets IPO to $1.63 billion; investors eye gambling enclave

NEW YORK — Casino operator Wynn Resorts Ltd. will increase the size of its Hong Kong initial public offering for its Macau casino assets, as it looks to raise up to HK$12.6 billion ($1.63 billion), according to published reports.

Melco Crown Entertainment raises about $209.6 million in follow-on public stock offering

NEW YORK — Melco Crown Entertainment Ltd. said Tuesday that it raised about $209.6 million through a follow-on public stock offering.

Analyst lifts Las Vegas Sands price target after company amends credit agreement

NEW YORK — An analyst boosted Las Vegas Sands Corp.’s price target Friday after the casino operator reworked a credit agreement so that it could potentially sell a minority stake in its Macau operations to raise cash.

Sands reworks credit line to allow sale of interest in Macau operations, add liquidity

LAS VEGAS — Casino operator Las Vegas Sands Corp. says it has reworked a credit agreement in a way that would let it sell a minority interest in its Macau operations to raise cash.

Macau casino operator Melco Crown to offer 37.5 million ADS units

NEW YORK — Macau casino operator Melco Crown Entertainment Ltd. said Tuesday it is going ahead with a public offering of 37.5 million American Depositary Shares, each of which represents three ordinary shares.

Casinos cos. with Macau properties rise on monthly gaming revenue results, City of Dreams

NEW YORK — Shares of casino operators with properties in Macau climbed Monday as July gaming revenue edged up in the Chinese enclave and Melco Crown Entertainment Ltd.’s new casino reported promising monthly results.

NJ could force sale of half Borgata because of co-owner’s ties to Chinese casino boss

ATLANTIC CITY, N.J. — One of the co-owners of Atlantic City’s top casino could be forced to sell its 50 percent stake as a result of concerns by New Jersey officials over alleged organized crime ties of its partner in a Chinese casino venture.

Las Vegas Sands to post second-quarter earnings after market closes Thursday

LAS VEGAS — Las Vegas Sands Corp. is to report its second-quarter financial results after the market closes Thursday. Below is a summary of key developments and analyst opinion related to the period.

Wynn Resorts casino company to post second-quarter earnings Thursday

LAS VEGAS — Wynn Resorts Ltd. is to report its second-quarter financial results after the market closes Thursday. Below is a summary of key developments and analyst opinion related to the period.

Former culture minister wins Macau election unopposed

MACAU - Former culture minister Ferdando Chui was elected as Macau’s new leader Sunday after running unopposed in a poll of the former Portuguese colony’s leading citizens.

New leader chosen for China gambling enclave of Macau, faces industry slump

MACAU — With no competition, Macau’s new leader was appointed Sunday while the world’s gambling capital and Chinese enclave struggles with an industry slump brought on by the economic crisis and tougher visa restrictions.

Macau’s ex-culture minister chosen as new leader of Chinese gambling enclave

MACAU — A former minister was anointed Macau’s new leader Sunday as the Chinese gambling enclave struggles with an industry slump brought on by the economic crisis and tougher visa restrictions on visitors.

A sure thing: Chinese casino city Macau set to install culture minister as new leader

HONG KONG — The upcoming election of Macau’s new leader offers something of a rarity in this Chinese gambling city: a sure thing.

Adelson says Sands may raise $3.5-$4 billion from Macau IPO, selling noncore assets

SINGAPORE — Cash strapped casino operator Las Vegas Sands Corp. is considering an initial public offering of its Macau assets and the sale of peripheral businesses to raise $3.5 billion to $4.0 billion, chairman Sheldon Adelson said Wednesday.

Casino operators with Macau properties mixed on disappointing June gaming revenue results

NEW YORK — Shares of casino operators with Macau properties were mixed Wednesday on disappointing monthly gaming revenue results.

China braces for trial of alleged mob kingpins accused of building an underworld empire

YANGJIANG, China — Scores of police gripping black clubs guarded a courthouse in southern China on Tuesday — the first day of a trial for two alleged gangster bosses, the “Hammerhead” and “Spicy Qin,” accused of using violence to build an empire that included everything from underground casinos to cement factories, truck lines and poultry markets.

India, China competition is not adversarial, says Indian envoy (Lead)

MACAU - Competition between India and China for global markets is not adversarial and there is overarching consensus across India’s political spectrum that a well-balanced relationship with China is vital to India, said Indian Ambassador Nirupama Rao.

Balanced relationship with China vital to India

MACAU - There is an overarching consensus across India’s political spectrum that an efficiently transacted and well-balanced relationship with China is vital to India, according to Ambassador Nirupama Rao.

Report: Man believed to be NKorean leader’s son thinks succession reports ‘true’

TOKYO — A man believed to be the eldest son of North Korean ruler Kim Jong Il said in an interview aired Tuesday he thinks reports that his youngest brother will become the communist country’s next leader are true.

Report: US decides to slap its own financial sanctions on NKorea after nuclear test

SEOUL, South Korea — The United States will impose its own financial sanctions on North Korea apart from punishments that the U.N. has been considering for Pyongyang’s latest nuclear test, a news report said Friday.