Macau News - Page 41

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Inside Gaming Column: Mover, Not Monorail, Motivates MGM Mirage

18 July 2005

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

Macao Illegal Casino Busted

14 July 2005

International News Brief: The Macao police have busted an underground casino operated at a downtown hotel, local media reported on Thursday.

Macau Property Prices Rising

24 June 2005

News Brief: The way Macau property prices are soaring while rows of new apartment blocks stand nearly empty, investors could be forgiven for thinking that the mushrooming casino business is providing the gas for a property bubble.

SJM Credits Macau for Success

22 June 2005

International News Brief Casino giant, Sociedade de Jogos de Macau, says that it has thrived in a very saturated marketplace largely because of the unique conditions of Macau.

Macau Project Meets Obstacles

22 June 2005

International News Brief: The Las Vegas Sands’ Cotai Strip megaproject in Macau ranks as the biggest construction undertaking in Asia since the 1990’s and is already meeting obstacles.

Harrah's Considering Macau

21 June 2005

News Brief: Harrah's Entertainment Inc. may enter Macau and other regional cities, said Senior Vice President Richard Mirman.

Ho Buys Stake in Airline

16 June 2005

International News Brief: The family of casino tycoon Stanley Ho plans to buy an 80 percent stake in Golden Dragon Airlines, taking control of the 12-year-old carrier that plans to start flights from Macau to the mainland by next year.

Macau Becoming Las Vegas of Asia

14 June 2005

International News Brief: Close to an estimated $7.4 billion worth of new development, centered around entertainment and casinos, has transformed the sleepy backwater of Macau into a hive of activity.

Las Vegas Sands Retires Macau Debt

13 June 2005

News Brief: Las Vegas Sands Corp. on Monday said that it has retired all of its outstanding debt secured by mortgages on assets at its Sands Macao Casino.

LV Sands May Spend $2.75 Billion in Macau

10 June 2005

Las Vegas Sands Corp., which opened the $265 million Sands Macau in 2004, may spend about $2.75 billion to build a casino resort and finance the development of three hotels in Macau, Chief Executive Sheldon Adelson said.

International Companies Seek Piece of Macau

3 June 2005

International News Brief: When MGM Mirage broke its first ground here on Wednesday, it seemed that more and more international hands are seeking plays in Macau's casino boom.

MGM Mirage's Project in Macau under Way

1 June 2005

MGM Mirage became the third Las Vegas-based casino operator to begin construction of a gambling complex in Macau when the company broke ground today on a 600-room hotel-casino in the Chinese gaming enclave.

MGM Grand Macau Begins Construction

1 June 2005

MGM Grand Paradise has officially launched construction on its joint venture, MGM Grand Macau.

Kampek Casino Plans Expansion

19 May 2005

International News Brief: The low-key Kampek Casino is set to briefly take a turn as one of the largest on the Macau peninsula.

Las Vegas Sands Expands Macao Management Team

19 May 2005

Las Vegas Sands Corp. and its subsidiary Venetian Macau Limited report that Wolfram Diener will join the organization as vice president of convention and exhibition for the convention and expo center being built at The Venetian Macao Resort Hotel Casino on the Cotai Strip.

Underwater Casino Planned

17 May 2005

The battle for casino supremacy in Macau has moved to a new frontier.

PBL, Melco to Build Second Macau Casino

12 May 2005

International News Brief: Kerry Packer's Publishing & Broadcasting Limited and its Asian gambling partner, Stanley Ho's Melco International Development, plan to build a second casino in Macau.

Ho Plans Biggest Macau Casino

4 May 2005

News Brief: Macau tycoon Stanley Ho yesterday unveiled plans for what will be the gambling haven's largest casino, the Oceanus, a colossal downtown entertainment complex covering three city blocks.

Sands Benefits From Macau

4 May 2005

Las Vegas Sands Corp. said Tuesday its first-quarter revenues jumped nearly 69 percent from a year earlier helped by strong revenue growth at its Sands Macau property.

Macau Gross Casino Revenues Up

2 May 2005

International News Brief: Gross casino revenue in the gaming-friendly Chinese enclave of Macau is seen rising more than 40% in April from the same month last year, according to a Macau government source.

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