MGM China profit drops 20% on higher licensing fee
Casino operator MGM China Holdings Ltd. (2282.HK) on Thursday reported its revenue rose 4.4% year-on-year to HK$17.39 billion ($2.23 billion) in the first half of the year, but its profit…
Macao July gaming revenue tops 20 billion patacas in post-World Cup rebound
Macao's Gaming Inspection and Coordination Bureau announced on Sunday that gross gaming revenue for July fell 8.4% year-over-year to 20.26 billion Macao patacas ($2.52 billion). While the latest figure was…
Digital, scale advantages lift H World Group to top of global hotel rankings
Hotel giant H World Group Ltd. (HTHT.US; 1179.HK) took the top two spots on a list of the world’s leading hotel brands in the latest rankings by “Hotels” magazine, reflecting…
East Buy profit surges on private label sales boom
Livestreaming e-commerce platform East Buy Holding Ltd. (1797.HK) said on Thursday it expects to report its revenue ranged from 5.6 billion ($827 million) to 5.8 billion yuan for its fiscal…
NetEase Cloud Music renews licensing deal with Warner Music
NetEase Cloud Music Inc. (9899.HK) announced on Thursday that it renewed an agreement to license music from Warner Music Group. Under the multiyear deal, NetEase Cloud Music said it will…
iQiyi names Tian Ying as new CFO
Online video platform iQiyi Inc. (IQ.US) named Tian Ying as its new CFO on Thursday, filling a position that was vacated in January when long-serving CFO Wang Jun stepped down…
Macao’s June gaming revenue falls nearly 20% month-over-month
Macao’s gross gaming revenue (GGR) slipped 12.1% year-over-year to 18.52 billion patacas ($2.29 billion) in June, the city’s Gaming Inspection and Coordination Bureau reported on Wednesday. The June figure was…
