Macau News - Page 44
Macau Probe Targets Gaming Stocks
25 November 2004
International News Brief: The Securities and Futures Commission,worried about frenzied buying of micro-cap companies that claim to have gambling and hotel-related interests in the Macau, is investigating several brokerage houses and recent company announcements.
Venetian Macau Expected to Cost $1.8 Billion24 November 2004
International News Brief: Las Vegas Sands said it expects to spend $1.8 billion on its planned Venetian Macau casino resort, roughly doubling figures previously offered by its executives and dwarfing the budget of any other announced project in the territory.
Ho Bets on New Casino24 November 2004
International News Brief: On Dec. 23, casino mogul, Stanley Ho, opens his Greek Mythology Casino to fend off competition from Las Vegas newcomers.
Analysts Give Warning on Macau Stocks19 November 2004
News Brief: Investors have been advised to tread warily around Macau plays, with analysts warning that many of the small listed firms joining the foray into property, hotel and gambling businesses have already made unsustainable price gains.
Analyst: China's New Money Policy to Help Gaming18 November 2004
News Brief: According to analyst, Marc Falcone, China’s new policy allowing Chinese emigrants to take personal assets out of the country will help the gaming international gaming market.
Venetian Owner Faces New Suit Over Macau Casino17 November 2004
The owner of the Venetian is facing another lawsuit related to the company's lucrative casino in the Chinese enclave of Macau.
Las Vegas Sands Reports 100% Return on Macau Casino16 November 2004
nternational News Brief: At the $265 million Sands Macau, the first Las Vegas-style casino in Asia, gamblers spend $1.37 million on average each day. Profit equals an annual 100 percent return on investment for owner Las Vegas Sands Corp., according to gaming analyst Jonathan Galaviz.
Packer Joins Forces with Ho16 November 2004
International News Brief: Kerry Packer has joined forces with one of Asia's most colourful businessmen, casino tycoon Stanley Ho.
Macau Theme Park Planned9 November 2004
International News Brief: Cruise ship operator Macau Success has teamed up with casino tycoon Stanley Ho's Sociedade de Jogos de Macau to build a HK$1.2 billion theme park in Macau's Inner Harbour area.
High Stakes in Vegas vs. Macau9 November 2004
International News Brief: Glittery Las Vegas gambling has arrived in seedy Macau, promising new charms for China's inveterate players, and this former Portuguese colony may never be the same.
Wynn Resorts Offers Common Stock9 November 2004
Wynn Resorts, Limited has agreed to sell 7,500,000 shares of its common stock to Deutsche Bank Securities Inc.
Melco May Buy Casinos from Chairman Ho, Paper Reports3 November 2004
Macau gambling tycoon Stanley Ho said he may sell his privately held business to Melco International Development Ltd., Hong Kong's South China Morning Post reported.
Melco to Raise Funds for Macau Casino18 October 2004
International News Brief: Casino tycoon Stanley Ho's Melco International Development plans to raise up to HK$400 million through a share placement. The money will be used towards funding a Macau casino venture.
Gambler Kills Wife, Sets Apartment on Fire13 October 2004
International News Brief: A Chinese man who lost big money while gambling went berserk, stabbing his wife repeatedly and setting a fire that trapped several people inside their apartment in Macau.
The Die Is Cast - Casinos Short Of Workers5 October 2004
International News Brief: A threatened labour shortage in the booming gambling city of Macau became a reality last weekend when a new casino opened its doors for business even though it was short of skilled staff.
Skynet in Talks to Build Macau Hotel-Casino5 October 2004
International News Brief: Skynet Holdings is in talks to build a hotel-casino complex in Macau for tycoon Stanley Ho.
Cleaners Strike Macau's Sands4 October 2004
News Brief: More than 20 cleaners at Macau's Sands casino staged a brief strike after their union leader was fired in a pay dispute with one of the casino's contractors, the fired leader said today.
Board Backs Sands Offering4 October 2004
The Nevada Gaming Control Board on Friday endorsed a common stock offering designed to raise $575 million for the company building the $1.6 billion Palazzo megaresort on the Strip and expanding to Macau.
Macau to Learn from Las Vegas29 September 2004
ews Brief: In effect aiming to mirror the success of The Strip, which 20 years ago was only famous for its casinos, Macau hopes to use Las Vegas know-how to reposition itself as a destination for families, business conventions, sightseeing and shopping.
Gambling Beyond Nevada: Sands Macau Off to Roaring Start15 September 2004
The first American-owned casino in Asia, the Sands Macau, exceeded all expectations with its first two months in operation.
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