Macau News - Page 42

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Ho Grabs Half-Stake in MGM Grand Paradise

28 April 2005

International News Brief: Casino heiress Pansy Ho has invested $80 million for a half-stake in MGM Grand Paradise, slated to become the city's fifth casino operator.

From First Glance, Las Vegas Held Allure for Wynn

25 April 2005

The real Steve Wynn is a street fighter who has had to orchestrate comebacks from calamities that would have flattened lesser operators.

Analysts: Singapore Casinos Won't Cut Macau Gaming Revenue

20 April 2005

International News Brief: Singapore, which lifted its ban on casinos this week, probably won't cut gaming revenue at Macau because the cities are vying for different markets, analysts such as Karen Tang say.

Asia Bets on Las Vegas-Style Casinos

20 April 2005

International News Brief: Several Asian countries are easing restrictions on casinos, taking a bet that Las Vegas-style gambling halls will attract more tourists and create jobs.

MGM Mirage Announces Big Plans for Macau Casinos

19 April 2005

MGM Mirage said today the government of Macau has granted a subconcession to a joint venture with business partner Pansy Ho Chiu-king to build a $975 million casino resort in the Chinese province.

MGM Mirage Granted of Macau Subconcession to Joint Venture

19 April 2005

MGM Mirage reports that its joint venture partnership with Pansy Ho Chiu-king has been granted a subconcession which allows the partnership to develop and operate hotel and casino resorts in Macau.

Cranes Move into Macau Way of Life

8 April 2005

International News Brief: The many beautiful spots around Macau that have fallen under the wheels of rampant economic development has become the focus of a growing discontent among many locals with the mushrooming gaming industry.

High Standards: Steelman Impresses Asian Officials With Speed, Quality of Sands Macau

5 April 2005

Paul Steelman knew that his work in Macau set new standards for the Chinese market when local officials began using his progress to measure the pace of construction projects.

Analysts Tout Shun Tak Holdings

1 April 2005

International News Brief: Macau fever and the ensuing mania for the enclave's plays may have cooled in recent months, but it's not too late to take a punt on Shun Tak Holdings Ltd.

Macau VIP Room Shares Up for Sale

30 March 2005

International News Brief: A private investor is planning to sell shares in eight VIP rooms in Macau's Galaxy Casino in an initial public offering slated for the end of June, sources said.

Macau Poised to Overtake Vegas

29 March 2005

International News Brief: Macau is poised to overtake Las Vegas as the gambling capital of the world before the end of the year.

Macao Sands Design Boasts Innovations

24 March 2005

International News Brief: Sands Casino’s Macao casino boasts many innovative design features and ideas that have never been used in casinos.

Hotel Chains Gamble on Macau

18 March 2005

Several worldwide hotel chains will join Las Vegas Sands Corp. in developing seven hotel-casinos on the Cotai Strip region of Macau, investing up to $6 billion in the expanding tourism market's initial phase.

Macau Door to Growth for Sands

17 March 2005

Las Vegas Sands already operates the Sands Macau, which opened in 2004, and is building the $1.8 billion Venetian Macau, which will serve as an entrance to the Cotai Strip. Macau is just the tip of the growth opportunities for Las Vegas Sands.

Macao Nets $1.8 Billion from Gaming Tax

8 March 2005

International News Brief: China's Macao Special Administrative Region government reaped $1.8 billion from taxing the gaming industry in 2004.

Casinos Blamed for Rise in High School Dropouts

25 February 2005

International News Brief: Macau's education authorities have observed a sharp fall in the number of students in high schools and blamed the increasing number of casinos for the serious dropout phenomenon.

Aristocrat Boosted by Macau Orders

24 February 2005

International News Brief: Three orders from the Sands Macau casino helped propel Australian slot-machine maker Aristocrat Leisure to record profits and sales last year, the company announced this week.

MGM Mirage's Macau Venture Approved

17 February 2005

MGM Mirage reports that the Mississippi Gaming Commission has unanimously granted a waiver of approval with respect to the Company's application to engage in gaming activities in Macau S.A.R.

Fortuna Pays for Macau Casino Stake

16 February 2005

International News Brief: After teasing shareholders for two months with the possibility of a Macau gambling investment deal, Fortuna International Holdings has at last announced a HK$50 million agreement to take a 30 percent stake in a casino hotel in the territory.

International Game Technology Creates Division for Macau Market

16 February 2005

Casino gaming is continuing its rapid expansion into the Chinese gaming enclave of Macau, and the industry's leading slot machine manufacturer announced Tuesday it was creating a division to serve the growing market.

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