Macau News - Page 46

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STDM Accused of Money Laundering

17 June 2004

International News Brief: Stanley Ho's multibillion-dollar gaming flagship Sociedad de Tourism e Diversoes de Macau is allegedly at the center of a money-laundering scheme moving billions of US dollars out of China through Macau into Hong Kong.

Wynn Bets on Cheap Loan Deal

14 June 2004

International News Brief: Underwriters for a $397 million loan facility to be used for the construction of Wynn Resorts Macau's first hotel and casino project in the enclave are offering lower pricing than similar deals in recent history.

Wynn Bets on Cheap Loan Deal

14 June 2004

International News Brief: Underwriters for a $397 million loan facility to be used for the construction of Wynn Resorts Macau's first hotel and casino project in the enclave are offering lower pricing than similar deals in recent history.

Wynn Bets on Cheap Loan Deal

14 June 2004

International News Brief: Underwriters for a $397 million loan facility to be used for the construction of Wynn Resorts Macau's first hotel and casino project in the enclave are offering lower pricing than similar deals in recent history.

Macau to Tighten Slot Controls

9 June 2004

International News Brief: The Macau government plans to tighten controls on the booming slot-machine business, according to a senior gaming official.

Wynn to Start Construction of Macau Casino

4 June 2004

International News Brief: Wynn Resorts says it will start preparatory construction works on its Macau Outer Harbour site on Monday, June 7.

Sands Macau Packed, But Trailing Other Casinos

2 June 2004

Player demand for casino action at Sheldon Adelson's Sands Macau has kept the tables and slots packed with about 45,000 players on weekends and 35,000 players weekdays since it opened May 18, the company and Wall Street sources said Tuesday.

Macau Casinos Report Record Revenues

2 June 2004

nternational News Brief: Macau's casino sector generates record gross revenue of 15.1 billion patacas in first five months, up ‘over 50 per cent’ on same period last year.

Macau Legislature Passes Credit Legislation

1 June 2004

The Macau General Assembly passed credit legislation on Monday that will allow casino promoters to extend credit in the form of gambling chips to high-rollers, Wall Street analysts said today.

Gamblers Swamp Macau

21 May 2004

International News Brief: 3.75 million tourists visited Macau in the first quarter, a 25 per cent increase over last year. Analysts believe that Macau will continue to grow.

Las Vegas Casino Interests Open New Era in Macau

19 May 2004

An estimated 50,000 gamblers and curiosity seekers Monday helped Sheldon Adelson open Macau to "an exciting new era" for U.S. investments in China's multibillion-dollar gaming market.

Analysts Disagree on Macau's Long-Term Consequences for Las Vegas

18 May 2004

Although some say the Cotai Strip development will breed added visitors for the Strip, others caution it will create an Asian gaming mecca that will lure high-roller and other Asian players, many of whom have gambled in Las Vegas in the past.

Rush of Gamblers Greets Sands Macau

18 May 2004

International News Brief: Hours before the gleaming $240 million Sands Macao was opened to gamblers, thousands of people had already lined up outside the building covered with gold-coloured glass.

Sands Macau Set to Bow

17 May 2004

Barring any unexpected setbacks or changes, a new international gaming era is set to debut late this evening when officials from Las Vegas Sands Inc. will open the U.S. company's first casino venture in the seaside Chinese enclave of Macau.

Design Head: Macau to Become Tourist Leader

7 May 2004

News Brief: The architect behind the Las Vegas Sands casino in Macau believes the former Portuguese enclave will become the world's biggest tourist attraction by 2009.

Sands Macau to Lead Development in China

6 May 2004

Gaming magnate Sheldon Adelson's 1-million-square-foot Sands Macau casino and entertainment complex, which is leading a wave of new casino developments off the coast of China, is expected to open May 18.

Ho Planning More Macau Casinos

20 April 2004

International News Brief: Stanley Ho plans to open several new casinos over the next few years, according to a source of his casino company, Sociedade de Jogos de Macau.

Asia Poised for Casino Boom

19 April 2004

International News Brief: Asia's legal gambling industry is poised to boom with a spate of new casinos as governments around the region seek to haul in the billions of dollars circulating through the unlicensed system, analysts say.

Casinos to Create 22,000 Jobs in Macau

19 April 2004

International News Brief: Macau's gaming industry will create around 22,000 jobs over the next few years, equivalent to 10 percent of the workforce, as the territory undergoes a Las Vegas-style makeover, according to industry representatives.

Wynn Hedges Bet on Macau

15 April 2004

International News Brief: Steve Wynn, the casino mogul who made Las Vegas into a family holiday spot, is still hedging his bet on working his magic on Macau.

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