Crown gambles on a Macau upside

THE decision by James Packer's Crown Limited to write down its US assets by $1.7 billion has turned the spotlight on the performance of the company's remaining assets €” its Australian and Macau casinos.

Macau Casino Revenues Collapse

JAMES PACKER'S Macau casino joint venture and the poker machine maker Aristocrat Leisure have been hit by further headwinds with gaming revenues in the territory falling for the third consecutive quarter.

Problems Mount For Packer In Macau

JAMES PACKER'S Macau casino joint venture has forced hundreds of staff to take as much as six months unpaid leave amid a downturn in the world's largest casino market.

Tables Turn On Crown's Macau Venture

JAMES PACKER'S Macau casino joint venture is on a losing streak, struggling more than its rivals to cope with the downturn in the world's largest casino market.

24 Hours In Macau

A seamless blend of Portuguese and Cantonese influences characterises Macau, one of China's special administration regions. With a dash of Las Vegas added to the mix, East meets West in the most tantalising combination.

Chips Are Down At Crown Macau

JAMES Packer's Crown Ltd has been hit by a fall in the amount of cash gambled at its flagship Macau casino in the pasttwo months, according to the company that provides its VIP gamblers.

China Tries To Hose Down Macau Gambling

The stakes seem to have been too, too hot for Beijing tastes.

Adrift In Macau

Adrift in Macau Music by Peter Melnick, book and lyrics by Christopher Durang; Rachel de Benedet, Alan Campbell and original off-Broadway cast, cond. Fred Lassen LML/Middle 8 4/5

Macau Gamblers Tipped To Get A Taste For Pokies

POKER machine maker Aristocrat Leisure has denied claims it faces a struggle to increase machine sales in Macau because gamblers prefer to play the card game baccarat.

Packer's Macau Gamble Starts To Pay

JAMES Packer's Asian casino joint venture has reaped the rewards of a deal to bring more VIP gamblers to its flagship Macau casino, with increased visitor numbers helping it to turn its first profit.

Blow-out In Turnover Weighs On Aristocrat

POKER machine maker Aristocrat Leisure yesterday gave details of the extent of its sales decline in the US and warned of an oversupply of machines in its other important market, Macau.

Macau Odds-on As Prices Soar

MACAU is fast overtaking its rival Hong Kong as the fastest-growing area for residential hotel and retail property prices.

Pbl Waters Down Macau Casino Stake In Share Sale

PUBLISHING & Broadcasting Ltd's Asian casino joint venture has fallen at least $US130 million ($142 million) short in its latest capital raising in the US amid pessimism about the gambling sector.

Opening Skirmishes To Play Out In Tribunal

MANLY prop Jason King is set to miss a possible pre-season match in Macau after he and five-eighth Jamie Lyon were charged yesterday over separate incidents in the opening minutes of the grand final loss to Melbourne.

Pbl Debt To Make City Of Dreams A Reality

PUBLISHING & BROADCASTING's gambling venture in Macau has hinted it will seek to tap debt markets again after the global credit crunch forced it to reduce a planned $US2.75 billion ($3.3 billion) capital raising for its ambitious City of Dreams casino.

Mass-market Gaming At Pbl's Macau Casino Off To Slow Start

JAMES PACKER'S Publishing & Broadcasting has told analysts that mass-market gambling at its newly opened Macau Crown casino is trading below expectations, prompting it to increase its focus on wealthier gamblers.

Costs Blow-out Nightmare For Packer's City Of Dreams Casino

JAMES Packer's Macau gaming joint venture, Melco PBL Entertainment, has taken on more debt to help fund climbing construction costs for its City of Dreams casino complex on the Cotai strip.

Melco Dream Accrues More Debt

JAMES PACKER'S Macau gaming joint venture Melco PBL Entertainment has taken on more debt to help fund climbing construction costs for its "City of Dreams" casino complex on the Cotai strip.

Angry Digger Ready To Quit Australian Racing

DISILLUSIONED Newcastle jockey Darryl McLellan has applied for a licence to ride in Macau and declared yesterday that he "would not ride again in Australia in the near future".

Building Costs Push Pbl Asia Down

THE Publishing & Broadcasting Limited Asian casino joint venture has posted a US$73.5 million full-year loss but has sought to play down fears that the construction of its US$2.1 billion ($A2.6 billion) Macau City of Dreams complex has got off to a rocky start.