Macau News - Page 39

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Sands Macao Opens New Gaming Area

27 January 2006

Las Vegas Sands reports that the Sands Macao, the first western-operated casino in Asia, has opened the stunning new "Level of Fortune" gaming area located on the second floor of

Shun Tak Moves Project to Cotai

20 January 2006

International News Brief: Shun Tak Holdings Ltd., a Hong Kong-based conglomerate controlled by Macau casino owner Stanley Ho, said it will move its planned Cotai development project in Macau to the Cotai strip.

Banks Optimistic About Asian Casino Boom

18 January 2006

nternational News Brief: Michael Malone, the head of Bank of America's gambling finance unit, first visited Macao on a Wednesday afternoon in April as horizontal rain pelted the city.

Macao Illegal Casino Busted

13 January 2006

International News Brief: Chinese authorities plan to charge 11 suspects allegedly to be involved in the operation of a clandestine casino in Macau.

Macau Encounters Labor Crunch

11 January 2006

International News Brief: Macau is facing a labor shortage due to the booming casino industry.

Macau ... is the New Las Vegas

9 January 2006

International News Brief: It's flashy, rich and decked with neon, and only the lack of Elvis impersonators gives away the fact it isn't the real thing.

MGM Grand Macau Reports Project Enhancements

9 January 2006

MGM Grand Macau, a hotel-casino resort currently under construction in Macau S.A.R., today announced significant enhancements to the project and that it has secured $700 million in project financing from a consortium of leading financial institutions.

Report: Asian Casino Revenues to Increase

5 January 2006

International News Brief: Casino revenues in Asia will increase 20 per cent to $13 billion in 2006, driven by the strong growth of Macau's gaming industry, according to a report by Las Vegas-based consultant Globalysis.

Macau's Grand Emperor Resort Opens

5 January 2006

Emperor Entertainment Hotel Limited reports that its flagship project, the Grand Emperor Hotel in Macau, has commenced business.

Columnist Jeff Simpson: Gaming Industry Hit Some New Highs, But Natural Disasters Caused Real Lows

27 December 2005

The past year has been a great one for the Las Vegas market, and 2006 looks to be strong as well.

LV Sands' Cotai Strip Project Moves Forward

21 December 2005

Las Vegas Sands Corp. and Far East Consortium International Limited have reached agreement on all the commercial terms necessary for Far East to build a multi-hotel complex on the Cotai Strip in Macau.

Macau Expects to Break Record

12 December 2005

International News Brief: Macau's income from direct gaming tax is expected to reach 16 billion patacas this year, a new high in the history, local media reported Monday.

Galaxy Casino Chooses KISS Management System

8 December 2005

Galaxy Casino has chosen the KISS casino management system to manage table gaming, junket & cash desk operations at their Grand Waldo and Rio properties, which are slated to open early 2006.

Wynning in Macau

7 December 2005

Steve Wynn didn't have to look far when it came time to figure out how to best capitalize on his valuable Macau casino concession.

Galaxy Casino Price Talk Emerges

6 December 2005

International News Brief: Price talk on the $500 million two-tranche bond from Macau's Galaxy has emerged, according to sources familiar with the deal.

Macau Casino Lending Pushed to $3.8 Billion

2 December 2005

International News Brief: Las Vegas Sands Corp., owner of the Venetian casino in Las Vegas, led this week's borrowers in Asia as its loan to expand in Macau boosts the Chinese city's gaming industry financing to $3.8 billion.

Macao's Gaming Revenue Breaks Record

30 November 2005

International News Brief: Macao's income from direct gaming tax is expected to reach 16 billion patacas this year, a new high in history, local media reported Wednesday.

Packer Has to Ante Up

23 November 2005

International News Brief: Publishing & Broadcasting Ltd's James Packer will have to up the ante to stay in the game to build Singapore's first casino, his controversial business partner in Macau has indicated.

Casino Stock Rises

22 November 2005

International News Brief: Shares of Las Vegas Sands Corp. and Wynn Resorts Ltd. each rose more than 6 percent on Monday after China reported a 10.2 percent increase in visitors to its gambling enclave of Macau.

IDB Group Considering Macau Venture

21 November 2005

International News Brief: The IDB Group, controlled by Nochi Dankner, is exploring the possibility of joining American real estate mogul Sheldon Adelson in his venture to turn Macau into the Chinese Las Vegas.

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