Macau News - Page 38

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Cirque du Soleil Joins Las Vegas Sands's Cotai Strip

3 May 2006

Las Vegas Sands Corp. and Cirque du Soleil announced today that they will create a one-of-a-kind show that will be featured on the Cotai Strip currently being developed by Las Vegas Sands in Macau.

Macau Casinos Gross Receipts Up

27 April 2006

International News Brief: The gross receipts of Macau's 19 casinos reached 46.1 billion patacas in 2005, up 8.2 percent over the previous year, according to official statistics issued Thursday.

SJM Results Down

26 April 2006

International News Brief: Sociedade de Jogos de Macau saw its gaming revenue decline by 2.3 percent last year in the face of new competition.

Silver Point Capital, Friedman Team Up for Macau Resort

25 April 2006

International News Brief: Silver Point Capital and David Friedman are teaming up to invest in a $2.6 billion resort and gaming complex in Macau, challenging international casino operators in one of the world's biggest gaming markets.

Progressive Gaming Signs Key Contract with Galaxy's Starworld Casino

18 April 2006

Progressive Gaming International Corporation has signed a key systems contract with Galaxy Casinos to install CasinoLink Enterprise Edition and its Table Management System at Galaxy's Starworld property in Macau.

Crown Macau Opening Delayed

11 April 2006

International News Brief: James Packer's Asian gaming joint venture has decided to delay the opening of its $300 million Crown Macau casino project by about six months to next April.

Wynn Sells Macau Casino Rights to Australia's PBL for $900 Million

5 April 2006

International News Brief: Casino operator Wynn Resorts says it has agreed to sell the right to build a casino in Macau to Australian entertainment group Publishing and Broadcasting Limited for 900 million dollars.

Macao Trio Rank Among World 13 "Hottest Casinos"

27 March 2006

International News Brief: Three of Macao's 19 casinos are ranked among 13 'hottest casinos' by the famed business magazine Forbes, local media reported Monday.

Macau Gaming Taxes Up

22 March 2006

The government of the Macau Special Administrative Region has collected 2.81 billion patacas in direct gaming taxes in January and February, a year-on-year rise of 4.2 percent.

Dynasty Gaming, Ho Group Team Up

22 March 2006

Dynasty Gaming Inc. has signed of a Letter of Intent with the Ho Group to form Ho Majiang.

Melco Shares Up

10 March 2006

International News Brief: Shares of Melco International Development, controlled by the family of casino tycoon Stanley Ho, soared by more than a quarter to a record HK$14.60, after the company said it has clinched the last available gambling subconcession in Macau.

DFS Group, LV Sands Corp Sign Agreement

8 March 2006

Las Vegas Sands Corp. and DFS Group Limited have reached an agreement that will see DFS lease significant retail space in the Mall at Four Seasons Hotel Macau on the Cotai Strip.

Wynn Resorts Sells Subconcession to PBL

6 March 2006

Wynn Resorts, Limited reports that Publishing and Broadcasting Limited has signed an agreement to purchase a subconcession from Wynn Resorts in the Macau Special Administrative Region of the People's Republic of China for $900 million.

Wynn Focuses on Macau During Call

24 February 2006

Wynn Resorts Chairman Steve Wynn was more interested Thursday afternoon in discussing the casino company's prospects in Macau than the gambling operator's fourth-quarter earnings.

Macau Taxes Reach Record

22 February 2006

International News Brief: Macau's direct gaming taxes reached a record 16.56 billion patacas in 2005, a year-on-year rise of 12 percent, according to official statistics issued on Wednesday.

Macau Casino Plans to Hire 5,000

17 February 2006

International News Brief: MGM Grand Paradise, a Macao-U.S. jointly invested gaming business, has vowed to hire some 5,000 employees, local media reported Thursday.

Bally Gaming Opens Macau Office

16 February 2006

Bally Gaming and Systems has opened a new office in the Bank Of China Building in the heart of Macau S.A.R. to provide sales and service support for its slot machines, systems and table management business efforts throughout Asia.

Many Differences Between Chinese Gamblers and Others

14 February 2006

International News Brief: When tensions mount at the baccarat tables in Macau, gamblers don't reach for a stiff drink. They quaff hot green tea.

Casino Firms Bet on Asia

9 February 2006

International News Brief: The love of gambling throughout Asia and rising affluence in that part of the world is drawing gaming firms such as MGM Mirage and Wynn Resorts Ltd. who are eager to invest billions of dollars in Asia.

Inside Gaming: Casinos Follow Flow of Money to Asia

6 February 2006

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

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