Macau News - Page 45

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Board Backs Sands Offering

4 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 Vegas

29 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 Start

15 September 2004

The first American-owned casino in Asia, the Sands Macau, exceeded all expectations with its first two months in operation.

Melco to Buy Macau Stake From Chairman

14 September 2004

International News Brief: Melco International Development Ltd will buy a one-half stake in a planned hotel and casino from Ho for HK$100 million ($13 million).

Casinos Coming to Asia

11 September 2004

Prof. I. Nelson Rose: The explosion of legal gaming that is sweeping the world has finally reached Asia.

Macau's Gambling Growths Worries Some

1 September 2004

International News Brief: The gambling industry's growth boosted GDP by 25 percent in the first quarter, but some warn that Macau must diversify its economy.

Money Rolling into Revamped Macau

30 August 2004

International News Brief: Gambling Macau-style has changed dramatically since Sands, a subsidiary of the Venetian company that owns its namesake hotel-casino complex in Las Vegas, opened in May.

Bus Driver Arrested for Using Fake Card to Pay Casinos

25 August 2004

International News Brief: Macau police arrested a Hong Kong mini-bus driver who allegedly used a fake credit card to pay back a HK$ 90,000 debt to loansharks in Hong Kong.

Business Booming in Macau as Venetian Owner Plans Expansion

11 August 2004

Executives for Venetian owner Las Vegas Sands Inc. said Tuesday the company is moving quickly to cash in on a small part of the world that is expected to surpass Nevada in a few years as the world's largest gambling destination.

Packer in Talks for High-Roller Macau Casino

28 July 2004

International News Brief: Kerry Packer's Publishing & Broadcasting Ltd is in talks to win a management contract at one of Macau's new Las Vegas-style casinos as it seeks to become one of the world's biggest operators of high-roller gaming businesses.

Alliance Gaming, Galaxy Macau Signs Agreement

26 July 2004

Alliance Gaming has signed a contract with Hong Kong-based Galaxy Casino S.A. to provide its casino operations in Macau with 53 MindPlay Baccarat tables that offer proprietary security features designed to thwart cheating.

Man Cheats Macau Casino

23 July 2004

International News Brief: A Hong Kong man allegedly cheated a newly opened Macau casino out of HK$30million at the baccarat table.

Hong Kong Card Sharp Allegedly Cheats Casino of $3.85 Million

21 July 2004

News Brief: A Hong Kong man allegedly cheated a newly opened Macau casino out of 30 million Hong Kong dollars (US$3.85 million) at the baccarat table.

Macau Visitor Numbers Skyrocket

20 July 2004

International News Brief: Macau, which has just 451,000 residents, recorded 7.73 million visitor arrivals in the first half of the year, an increase of 52.6 per cent on the same period last year.

MGM Submits Plans to Macau Government

14 July 2004

International News Brief: MGM Mirage has submitted plans for its proposed casino venture in Macau to the SAR government, following the completion of a subconcession agreement with Stanley Ho's Socieded de Jogos de Macau.

Galaxy Waldo Casino Opens in Macao

5 July 2004

International News Brief: The glamour of Macao's gaming market was centered on the Galaxy Waldo Hotel Sunday, which became the newest-opened casino in Macao.

Wynn Breaks Ground on Macau Casino

24 June 2004

International News Brief: Las Vegas gambling mogul Steve Wynn broke ground today on his first Macau casino, a $705 million megaresort that will bring fresh competition to the enclave's top industry.

Macau Galaxy Resorts to Open Next Month

24 June 2004

International News Brief: Galaxy Resort & Casino says it will open its new Macau casino next month.

Interest in Asian Casinos Intensifies

22 June 2004

International News Brief: Asia's casino war heated up today with gambling tycoon Stanley Ho's group saying it would invest U.S. $380 million in Macau and an American gaming giant announcing it would hold "exploratory talks" with Singapore.

MGM Mirage Expansion: Deal Struck for Resort in Macau

22 June 2004

With the ink barely dry on its $7.9 billion proposal to buy Mandalay Resort Group, MGM Mirage on Monday entered into a joint venture agreement with Pansy Ho Chiu-king to develop, build and operate a hotel-casino resort in Macau.

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