Macau News - Page 43

The Sands Macao, the first western-operated casino in Asia, has opened the luxurious Pearl Room, a new themed gaming room bedecked with sparkling pearl chandeliers situated adjacent to the main lobby of the Sands Macao.

Investment opportunities in the fast-growing Asian gaming market will be the topic of the Asian Gaming Investment Forum at the Asian Gaming Expo.

International News Brief: MGM Mirage is close to securing regulatory approval for its proposed joint venture with gambling heiress Pansy Ho to build a casino in Macau, according to company executives.

International News Brief: Statistics from Beijing University's China Center for Lottery Studies shows that 600 billion yuan flow out of the country in gambling stakes every year.

International News Brief: The government on Tuesday opened the door to the hoped-for globalization of Hong Kong Jockey Club betting pools when it approved an application for the Macau Horse Racing Company to act as a betting agent.

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

International News Brief: One of gaming hotspot Macau's newest glitzy casinos – Greek Mythology – has bid to operate a proposed gambling resort in Singapore.

Las Vegas Sands Corp. said the chief operating officer of its Sands Macau casino, Thuy Trinh, resigned effective immediately and was temporarily replaced by the company's top executive in the city, Frank McFadden.

nternational News Brief: Stanley Ho will pay HK$92 million to buy a 3.44 percent stake in Emperor Entertainment Hotel, a hotel-casino developer controlled by tycoon Albert Yeung, expanding his already huge presence in Macau.

International News Brief: Since Macau, which returned to Chinese rule in 1999, deregulated its gaming industry in 2001 to allow foreign investment, it has enjoyed an unprecedented economic boom.

A rebounding economy, roller-coaster gasoline prices, corporate mergers, and record earnings were stories with national implications that had local undertones.

Macau gaming and entertainment group Greek Mythology Entertainment Group Limited is opening a new Greek Mythology Casino at New Century Hotel on December 23, 2004.

News Brief: With a strong operating history and growth potential in Las Vegas and in Asia's Macau, Las Vegas Sands could offer a significant payout for those investors willing to play a hand.

International News Brief: Gambling heiress Pansy Ho has stayed nearly mum about her planned joint venture with American gaming giant MGM Mirage. In a recent presentation, she revealed that it was going to dwarf all other developments.

Instead of developing second and third Macau properties with other hotel owners, Steve Wynn says the power of Macau is too valuable to sell, and that he'll build at least one, and possibly two properties on the island.

International News Brief: Macau, which has just 451,000 residents, logged a record 1.52 million visitor arrivals last month, an increase of 45.6 per cent on the same month last year, the Macau Statistics and Census Bureau said on Friday.

International News Brief: Macau gambling mogul Stanley Ho has opened talks with neighbouring Zhuhai about extending his empire into mainland China.

International News Brief: Australia's largest publishing and gaming firm, Publishing and Broadcast Ltd, and Hong Kong joint venture partner Melco signalled plans on Monday to expand in the gaming business in Asia, with possible casinos in Thailand and Singapore.

Las Vegas Sands Inc. has chosen the head of another casino company to oversee its operations in Macau, a Chinese gambling enclave that recently ended its casino monopoly, a newspaper reported today.

International News Brief: Shun Tak Holdings, a property and entertainment group controlled by Macau casino tycoon Stanley Ho's family, will rent casino space to Ho's closely held firm for a sharing of revenue from gaming tables.