Macau Galaxy Casino Loses Market Share
HONG KONG As reported by the Dow Jones: “Macau’s Galaxy Casino, which is controlled by Hong Kong-listed Galaxy Entertainment Group Ltd. (0027.HK), lost market share during the first half of 2005, reports the Standard, quoting the sale document for the company’s US$500 million bond sale.
Related Gambling News:
- Macau casino firm Galaxy proposes bond yield -sources
- Macau casino firm to market bond from Wed-source
- Macau casino firm to market bond from Wed-sources
- Galaxy Casino Sells $600M Bond To Finance Macau Expansion
- Macau casino firm sets bond indicative yield -source
- Galaxy Entertainment, new to the casino business, prospers in Macao
- Galaxy Net Loss Widens on Casino License Writedown
- Analyst: Local Macau Casinos to Benefit from Growth
- Galaxy Entertainment slumps amid visa restrictions
- Galaxy Casino Chooses KISS Management System
- Macau casino firm says plans up to $500 mln bond
- Price Talk Emerges On Macau Galaxy Casino 2-Part USD Bond
Gambling casinos history:
- In 1857, Prince Charles III of Monaco decided to introduce gambling to his Mediterranean principality to boost its finances.
- Casino chips were used in the 18th century as a substitute for money being wagered. Originally, they were pieces of bones, mother of pearl or ivory engraved with the name of the casino and their respective value.
- Gaming is now the States' favorite pastime. More individuals gamble than the combined total of those attending movies, sports, music events, theme parks and live entertainment.
- The most significant forms of illegal gambling in the United States are numbers, betting with bookmakers or bookies, and sports pools or sports cards.
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