Macau Legend gaming revenue inches higher in third quarter
Macau Legend Development Ltd third-quarter gaming revenue increased by 1.2 percent year-on-year to HK$294.4 million (US$37.97 million). Non-gaming revenue for the quarter increased by 17.4 percent to HK$126.7 million.
Macau’s VIP gaming sector is undergoing a cash crunch as customers withdraw billions of dollars in deposits due to concern about Beijing’s crackdown on capital flows for gambling purposes, Reuters reports.
Online lottery company 500.com said a special investigative committee (SIC) established to probe its role into an alleged bribery scandal in Japan found that there had been no violation of the Foreign Corrupt Practices Act.