Macau News - Page 28

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Genting still eyeing Macao

12 May 2008

International News Brief: With Asia expected to provide the largest gaming growth in the world, the Genting Group's head of strategic investments and corporate affairs hasn't given up on setting up a casino in Macau.

MGM Grand Macau underperforming

12 May 2008

International News Brief: MGM Mirage, the 50 percent stake holder in the MGM Grand Macau stated its first quarter earnings report that its Macao venue was under-performing and it needed to increase its marketing effort in the mainland.

Macau official: Subconcession necessary to save Sands from elimination

5 May 2008

A Macau government official said Friday he was faced with a Catch-22 dilemma in late 2002: either split a shared gambling concession between feuding Las Vegas Sands Corp.

Las Vegas Sands lawsuit: Licensing process described

2 May 2008

A Macau government official said mainland Chinese leaders had zero input on the steps the Special Administrative Region undertook to liberalize gaming in 2002, which led to Las Vegas Sands Corp. winning a shared gambling license.

Kenilworth sees Macao move as positive

29 April 2008

Kenilworth sees Macao's move to halt the issuance of additional gambling licenses for the next ten years as change towards internet gambling.

Ho supports Macao casino slowdown

28 April 2008

International News Brief: Last week's announced slowing of casino development and fixing of commission rates for junket operators was welcomed by the director of Sociedade de Jogos de Macau, Stanley Ho Hung-sun.

Former Macao official on trial

24 April 2008

International News Brief: The largest corruption trial in the history of gambling enclave Macao has opened, with a former minister accused of taking $100 million in bribes.

Gambling beyond Nevada: No more licenses in Macau

23 April 2008

Chinese government to halt concessions; other measures could slow junket-bounty growth.

Macao moves to rein in casino growth

23 April 2008

International News Brief: A move by Macao to rein in breakneck casino growth should help established operators by shutting out aspiring rivals, but raises the spectre of Chinese government pressure for more restrictions.

Macao's high rollers break record

21 April 2008

International News Brief: If there is a global credit crunch going on, no one told the gamblers in Macau who sent casino takings soaring 62% in the first quarter of the year to 29.8 billion patacas

Adelson fights lawsuit

18 April 2008

Las Vegas Sands Corp. Chairman Sheldon Adelson denies owing a Hong Kong businessman millions for helping his casino company win a gaming concession in Macau.

Macau.com partners with G2E Asia

16 April 2008

Macau.com is an official online travel company for this year's G2E Asia.

Growth in Macau offsetting "weak" Vegas market

7 April 2008

News Brief: The performance of casino mogul Steve Wynn's Macau property is making up for any weakness in the Las Vegas market as a result of the US economic slowdown, an analyst said last week.

Cotai development reaches milestone

2 April 2008

Melco PBL Entertainment Limited topped out the Hard Rock hotel and the main podium of its mega-project City of Dreams in Cotai, Macau today.

Gambling revenue makes Macao richest in Asia

31 March 2008

International News Brief: Surging gambling revenue and investments in luxury hotels and the entertainment industry has made Macao Asia's richest territory, a media report said Saturday.

Macau casino employment numbers drop

28 March 2008

International News Brief: The number of workers employed in Macao's gaming industry has fallen for the first time since a bi-annual survey was introduced in 2004, figures revealed yesterday.

Macao casinos begin year strong

10 March 2008

International News Brief: The new year began with a record month for Macao gaming with receipts climbing to more than 10 billion patacas for the first time.

Macau university offers casino exec course

29 February 2008

International News Brief: Upcoming Macau gaming executives will learn how to handle enthusiastic Chinese gamers and casino halls filled with new year holiday crowds at a course to be offered for the first this year.

GPI completes MGM Grand Macau order

28 February 2008

Gaming Partners International Corporation reports that it completed delivery of over 2 million Bourgogne et Grasset gaming chips and 25,000 plaques for the opening of MGM Grand Macau.

Inside gaming column: Monte Carlo guest flees fire, keeps slot jackpot

25 February 2008

A selection of news and views from inside the industry this week.

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