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Wednesday 19 August 2015 8:39 pmGalaxy Entertainment earnings plummet 46pc on Macau downturn and costs of new casinosBy: Express KCSShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleEARNINGS at casino operator Galaxy Entertainment plummeted 46 per cent in the second quarter amid higher operation costs at its new casino res <a href=https://www.stanley-uk.uk>stanley mug</a> orts and a declining market in Macaursquo gambling industry.Adjusted earnings before interest, taxes, depreciation and amortisation fell to HK$1.9bn pound;156m from a year earlier, Galaxy said yesterday. That compares with the HK$1.8bn median estimate of five analysts compiled by Bloomberg.Macaursquo gaming revenue has almost hit the bottom and the slump should end in the second half of this year, said Galaxy chairman Lui Che Woo said in a briefing in Hong Kong. However, he added that the company is confident of Macaursquo overall development as the city is not just about <a href=https://www.polenefr.fr>polene fr</a> gambling now.In May, the casino operator opened its $3.1bn pound;1.98bn expansion of a resort a <a href=https://www.stanleycup.at>stanley thermobecher</a> nd an adjacent revamped property, marking Macaursquo first casino projects in three years. A wave of casinos featuring more non-gaming amenities will open in the next few years which operators hope will draw more visitors back amid the cityrsquo worst downturn on record.Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: Section Zmxk Eurozone prices bounce back as deflation ends
Thursday 29 October 2009 8:00 pmBankers think bonuses will break recordsBy: admindrupalShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleDESPITE protests from politicians and taxpayers against multi-million pound payouts, bankers expect this yearrsquo bonus payments to break records, according to a new poll.One in ten executives expect their best ever payout this year while the majority of traders, analysts and fund managers believe their bonus will either increase or not change.And despite having experienced the biggest economic decline since the 1930s, only one in four bankers expect a fall in their bonus payout <a href=https://www.polenes.ca>polene bag</a> , the survey from Bloomberg found.In September, leaders of the Group of 20 nations approved guidelines for financial firms calling for deferred bonuses for senior executives. T <a href=https://www.cup-stanley.ca>stanley mugs</a> he guidelines also permitted pay to be clawed back if a company had losses later.But more than half of financial services workers believe restrictions on pay will stifle innovation while only 38 per cent think pay limits will control excessive risk-taking, the poll found. The results reflect the improved business climate for financial companies following last yearrsquo banking meltdown. Profits at larger banks, Goldman Sachs and JPMorga <a href=https://www.owala-water-bottle.us>owala</a> n Chase have soared this year.In the global survey, Asians were the most optimistic about pay while Europeans and Americans were less so.Some 39 per cent of